Which altcoins are trending today?
At the beginning of December, cryptocurrency prices were rising, but the last week brought a drop. This market decline prevented two of the three most popular altcoins in the last 24 hours from growing. According to CoinGecko, the three most popular altcoins today are Hyperliquid (HYPE), Pudgy Penguins (PENGU), and Virtuals Protocol (VIRTUAL).
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Hyperliquid (HYPE)
HYPE, the token of the decentralized exchange Hyperliquid, has repeatedly made the list of popular altcoins due to price growth. However, today its price has fallen by 14.70% in the last 24 hours.
The decline is associated with unpleasant excitement surrounding the exchange.
📍 Reports have emerged that North Korean hackers may have hacked the Hyperliquid ecosystem. After this, panicked investors withdrew about $60 million from the platform. This amount accounts for about 3% of the total asset value on the platform.
From a technical standpoint, the Bull Bear Power (BBP) indicator has moved into the negative zone. The metric compares the strength of buyers (bulls) and sellers (bears). When the indicator is positive, bulls dominate, and the price may rise. But now it's the opposite. If this trend does not change, the price of HYPE could fall to $22.39.
If buyer interest in the token increases, it could change the situation. Then the coin's value could rise to $35.76.
Pudgy Penguins (PENGU)
As mentioned above, the price of PENGU is also not rising yet, although it is one of the trending altcoins. However, unlike Hyperliquid, the price of Pudgy Penguins has been hovering around $0.027 since yesterday.
📊 On the hourly chart, the Relative Strength Index (RSI) is around the neutral mark of 50.00. This indicates that market sentiment towards the altcoin is neither bearish nor bullish.
Thus, the price may remain between $0.025 and $0.030. If the bulls take over, the situation will change. Then the token could rise to $0.050.
At the same time, increased selling pressure could send PENGU below $0.020.
Virtuals Protocol (VIRTUAL)
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Which altcoins are trending today?
At the beginning of December, cryptocurrency prices were rising, but the last week brought a drop. This market decline prevented two of the three most popular altcoins in the last 24 hours from growing. According to CoinGecko, the three most popular altcoins today are Hyperliquid (HYPE), Pudgy Penguins (PENGU), and Virtuals Protocol (VIRTUAL).
Which altcoins are trending today?
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Hyperliquid (HYPE)
Which altcoins are trending today?
HYPE, the token of the decentralized exchange Hyperliquid, has repeatedly made the list of popular altcoins due to price growth. However, today its price has fallen by 14.70% in the last 24 hours.
The decline is associated with unpleasant excitement surrounding the exchange.
📍 Reports have emerged that North Korean hackers may have hacked the Hyperliquid ecosystem. After this, panicked investors withdrew about $60 million from the platform. This amount accounts for about 3% of the total asset value on the platform.
From a technical standpoint, the Bull Bear Power (BBP) indicator has moved into the negative zone. The metric compares the strength of buyers (bulls) and sellers (bears). When the indicator is positive, bulls dominate, and the price may rise. But now it's the opposite. If this trend does not change, the price of HYPE could fall to $22.39.
If buyer interest in the token increases, it could change the situation. Then the coin's value could rise to $35.76.
Pudgy Penguins (PENGU)
Which altcoins are trending today?
As mentioned above, the price of PENGU is also not rising yet, although it is one of the trending altcoins. However, unlike Hyperliquid, the price of Pudgy Penguins has been hovering around $0.027 since yesterday.
📊 On the hourly chart, the Relative Strength Index (RSI) is around the neutral mark of 50.00. This indicates that market sentiment towards the altcoin is neither bearish nor bullish.
Thus, the price may remain between $0.025 and $0.030. If the bulls take over, the situation will change. Then the token could rise to $0.050.
At the same time, increased selling pressure could send PENGU below $0.020.
Virtuals Protocol (VIRTUAL)
Which altcoins are trending today?
VIRTUAL is the only one of the three trending altcoins that is showing growth. In the last 24 hours, the price of VIRTUAL increased by 6.90%.
☝🏻 On the 4-hour chart, the altcoin bounced after the bulls defended the $2.25 level. Thanks to this, the cryptocurrency price rose to $2.67. However, VIRTUAL may encounter resistance at the $2.83 level.
In the case of a successful breakout of this resistance, VIRTUAL could rise to $3.32. However, if the altcoin cannot rise above, the scenario may shift to the opposite and the price risks falling to $2.03.