In the past 24 hours, three altcoins, CLANKER, PARSIQ (PRQ), and STEPN (GMT), have shown significant market activity. CLANKER surged 60%, reaching a market cap of $60 million and attracting attention within the Base ecosystem.
PARSIQ has gained nearly 40%, with the potential to break through key resistance levels. Meanwhile, STEPN, a lifestyle app that rewards physical activity with crypto, has surged 25%. Its market cap is now $442 million, and critical price levels are in sight.
CLANKER
CLANKER has surged by approximately 60% in the past 24 hours, reaching a market cap of $60 million, one of the highest among altcoins in the past day.
The platform is designed to launch coins on the Base blockchain with an AI-centric narrative. It attracts between 5,000 and 10,000 traders daily. On November 27, CLANKER reached a daily trading volume of $60 million, but has since declined, with current volumes ranging from $3 million to $7 million, well below its Solana counterpart, Pumpfun.
However, if the current uptrend continues and CLANKER clears the $73.7 resistance level, the price could test $75 and $80. However, if the momentum slows down, the price could test the support level at $66, marking a possible change in the short-term price direction.
CLANKER Price Analysis. Source: TradingView
Parsiq (PRQ)
PARSIQ is a platform that offers real-time blockchain monitoring, automation, and workflow integration. It allows users to track and analyze blockchain transactions, events, and smart contract executions across multiple blockchains. In the last 24 hours, the coin has surged by almost 40%, making it one of the best-performing altcoins of the day.
However, if the current uptrend continues, PARSIQ could test the resistance at $0.32. A break above this level could lead to further price increases, potentially reaching $0.40 or even $0.45. If the momentum persists in the near term, these levels could act as important milestones.
On the other hand, if the uptrend loses steam, the price could pull back to test the support at $0.22. This level would be critical in determining whether the token stabilizes or experiences further declines.
PRQ Price Analysis. Source: TradingView
STEPN (GMT)
STEPN is a Solana-based lifestyle app that blends elements of Social-Fi and Game-Fi. It promotes physical activity like walking and running, while offering crypto rewards to its users. The token has seen a 25% increase in value in the last 24 hours.
GMT now has a market cap of $442 million. If it clears the resistance level at $0.173, the price could rise further to test $0.21. Such a breakout would signal continued bullish momentum for the token.
If resistance at $0.173 continues and the trend reverses, GMT could retest support at $0.14. However, failure to maintain this level could lead to further declines, with $0.128 as the next potential support point.
GMT Price Analysis. Source: TradingView
The article Why Are These Altcoins Trending Today, 12/27/2024? was first seen on BeInCrypto Brasil.
