Today’s most popular altcoins include two meme tokens linked to Artificial Intelligence (AI) and a newly launched cryptocurrency that is capturing substantial market interest.
Among these three, only one has shown a significant price rise, while the other two have faced declines in the last 24 hours. According to CoinGecko data, the leading trending altcoins are Goatseus Maximus (GOAT), Scroll (SCR), and KOALA AI (KOKO).
Goatseus Maximus (GOAT)
GOAT is at the forefront of the trending altcoins today, propelled by a remarkable price surge. Over the last 24 hours, the price of GOAT has skyrocketed by 55%, recovering losses from just a few days prior. This upward momentum has driven the cryptocurrency, benefiting from its association with the hot AI and meme coin themes, to a new all-time high of $0.68.
Moreover, an analysis by BeInCrypto indicates that this substantial increase is connected to a spike in whale purchases. Earlier today, Lookonchain reported that a wallet acquired $3.39 million worth of GOAT, likely contributing to the upward price pressure.
From a technical standpoint, the Accumulation/Distribution (A/D) line suggests that the market continues to acquire more GOAT. If this trend persists, the altcoin’s value could surpass $0.70 and inch closer to the $1 mark.
This scenario is plausible only if the Bulls maintain support around $0.42. Conversely, should token holders cash in on profits heavily, the price could plummet to $0.26.
On Tuesday, October 22, Scroll made its debut among the top trending altcoins and continues to maintain that position today for comparable reasons. According to CoinGecko, SCR’s price has declined by 16% in the past 24 hours, suggesting that those who received the project’s airdrop may be liquidating their holdings.
Presently, Scroll’s price is recorded at $1.02 on the one-hour chart. However, the trend indicates a potential decline, with chances of dropping below $1. If bearish momentum persists, reaching $0.85 could be likely.
Nonetheless, if traders decide to buy the dip, the outlook for SCR could shift, and if successful, the price might rise to $1.30.
KOALA AI (KOKO)
KOALA AI is making its third appearance on the trending altcoins list, primarily due to the same factors that propelled GOAT into the spotlight. However, in contrast to Goatseus Maximus, KOKO’s price has decreased by 4.70% over the past 24 hours.
Interestingly, the Awesome Oscillator (AO), which gauges momentum, has switched to a positive stance. This increase indicates that market players are beginning to acquire KOKO during its dip. If this trend continues, the altcoin’s price might ascend to $0.0000086.
On the other hand, should the momentum take a bearish turn, this outlook may no longer hold. If that occurs, KOALA AI’s price could fall to $0.0000035.
Disclaimer
In accordance with the Trust Project’s guidelines, this price analysis article is intended for informational purposes only and should not be construed as financial or investment advice. BeInCrypto is dedicated to providing accurate, impartial reporting, yet market conditions may change without prior notice. Always perform your own research and consult with a professional before making any financial choices. Please be aware that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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