Altcoins like FTX Token (FTT), PEPE, and Virtuals Protocol (VIRTUAL) are drawing attention on the last day of 2024. FTT has increased by more than 7% in the past 24 hours, driven by news surrounding former CEO Sam Bankman-Fried.
Meanwhile, PEPE has surged nearly 1,400% over the past year, and traders are watching for a year-end price take profit above $0.00002. VIRTUAL, now the largest Cryptocurrency focused on AI, continues its impressive upward trend, rising 150% in the last 30 days as it capitalizes on the increasing trend of AI agents.
FTX Token (FTT)
FTX has returned to the spotlight with a series of important developments in recent days. Reports suggest that Sam Bankman-Fried, the former CEO and founder, may be under consideration for a presidential pardon, while former FTX leader Ryan Salame has had his prison sentence reduced by one year.
Currently, FTX has increased by more than 7% in the past 24 hours, reflecting the positive sentiment driven by recent news. If this Token can break through the resistance level at $3.87, it could pave the way for a further price increase towards $4.18.
However, if the current upward trend weakens, the price could test the support level at $3.55, and if it fails to hold this level, it may drop to $3.32.
PEPE
PEPE has recorded an extraordinary growth, rising nearly 1,400% in the past year to remain the third-largest Meme Coin in the market. With a market capitalization of approximately $8 billion, PEPE is only behind Shiba Inu and Dogecoin in the Meme Coin category.
In the past 24 hours, PEPE has increased by more than 7%, and traders are hoping for the price to settle above $0.00002 by the end of the year. If the current momentum continues, this Token could test resistance levels at $0.0000216 and $0.0000226, with the possibility of reaching $0.0000247 if these levels are broken.
However, if the upward trend weakens and PEPE loses important support at $0.00001955, it may fall to $0.000017. These important levels could determine PEPE's price journey as 2024 draws to a close.
Virtuals Protocol (VIRTUAL)
VIRTUAL continues its impressive upward trend, reaching new all-time highs and increasing by more than 8% in the past 24 hours. It has become the largest Cryptocurrency focused on AI, surpassing RENDER in market capitalization.
This coin has capitalized on the growing narrative surrounding AI Cryptocurrency agents, which has driven a 150% increase in the past 30 days.
If the current upward trend continues, VIRTUAL could test important levels at $3.85 or even $4, marking significant milestones in this rally. However, if the enthusiasm surrounding AI or AI Cryptocurrency agents wanes, the price of this Token may decline, potentially testing the support level at $3.33.
A decline below that support level could lead to further declines, with prices dropping to a low of $2.85 or even $2.23.