CoinGecko, BeInCrypto highlights trending altcoins, the factors driving their popularity, and what might happen next. The three altcoins that were trending on October 21 were KOALA AI (KOKO), KLAUS (KLAUS), and Goatseus Maximus (GOAT).
1. KOALA AI (KOKO)
KOALA AI, a project that combines the humor of meme coins with the power of Artificial Intelligence (AI), tops the list of trending altcoins today. Inspired by the frog-themed meme coin Pepe (PEPE), KOALA AI is gaining traction due to the increasing bullish sentiment surrounding the AI ââ+ meme coin narrative that has been dominating the market since last week.
As a result, KOKO's price has surged 70% in the last 24 hours, currently trading at US$0.0000055. According to the daily chart, the Relative Strength Index (RSI) reading has crossed the overbought level, which is usually above 70.00.
The same is true with the Money Flow Index (MFI), whose reading has crossed 80.00. While this position implies heavy buying pressure, it also suggests that profit-taking may begin soon.
If that happens, KOKO may lose its place as one of the trending altcoins today. In this case, the price could also fall to US$0.0000047. However, if the bulls continue to apply pressure, the value of this altcoin could rise and break above US$0.0000060;
2. KLAUS (KLAUS)
KLAUS is a trending altcoin today as its price has increased 565% in the last seven days.
Currently, the price of KLAUS is US$0.040. On the one-hour chart, the altcoin is facing significant resistance at US$0.045, which is one of the reasons KLAUS price may continue to struggle in the short term.
Given the current technical setup, the price of this crypto asset is likely to fall to US$0.030. However, traders interested in this altcoin must be careful. If KLAUS manages to break through this resistance, this prediction could not hold true, and the token could rise to US$0.056.
3. Goatseus Maximus (GOAT)
Goatseus Maximus seems to be the leader of the ongoing AI + meme coin narrative in the market. This is because it is one of the altcoins held by Truth Terminal, an AI that recently became a millionaire, to achieve that status.
However, GOAT price recently fell by 50%. This comes following reports that Truth Terminal was operated by humans, which contributed to its infusion in today's trending altcoin.
Despite the initial drop and the FUD surrounding it, Lookonchain reports that a whale has accumulated another US$2 million worth of GOAT. Currently, the same whale has 21.39 million, which was obtained using US$7.14 million.
Following this development, GOAT price increased again and is currently at US$0.40. However, if the massive accumulation continues, the value of this altcoin may rally to US$0.58 in the short term.
On the other hand, if crypto whales start selling in large amounts like one person did, this forecast may not come to pass. On the other hand, GOAT price may fall to US$0.29.
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