Tokens that have developed with the meme coin narrative stand out among the altcoins that have been trending recently. While some utility altcoins have recently been included in the lists, the reasons why these tokens are trending are quite different. Crypto expert Victor Olanrewaju examines the top three altcoin projects that have attracted the market's attention.

1. Bonk (BONK)$BONK


The popular meme coin Bonk (BONK) is among the trending altcoins today. One of the few meme coins in the top 100 to have made a positive return over the last 24 hours, BONK has gained 13%. At the time of writing, BONK’s price is trading at $0.000056. On the daily chart, BONK’s price is trading above important Exponential Moving Averages (EMAs). The 20-day EMA (blue) and 50-day EMA (yellow) are below the altcoin’s price. EMA is a widely used indicator to determine trend direction. When the price is above the EMA, it usually indicates bullish momentum. In this case, BONK’s price is likely to rise to $0.000061. However, if selling pressure increases, the price could drop to $0.000045.

2. Chill Guy (CHILLGUY)
Among the trending altcoins, the second place goes to the meme coin Chill Guy (CHILLGUY). The altcoin has increased by 800% in the last 24 hours and has shown a significant performance among the top 300 cryptocurrencies. The price, which initially climbed to $ 0.28, fell to $ 0.24 with profit taking. If this decline continues, the price is likely to fall further. However, if the buying pressure increases, the price can rise above $ 0.28 and reach the ATH level.

3. Peanut the Squirrel (PNUT)$PNUT


Peanut the Squirrel (PNUT) is another token on the list of trending altcoins. This altcoin, familiar to Kriptokoin.com readers, has trended not with a big price increase as in previous periods, but with the interest of the broader market. Despite the price falling, there is still significant interest in trading volume. The chart shows a decrease in volume, and it is possible that the altcoin's price will fall to $ 1.44. However, if there is a significant increase in trading volume, this could lead to a price increase again, and PNUT could rise to $ 2.01.