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Trending altcoins of the day: Intense interest from investors! As the crypto market begins the new week with signs of recovery, the trending altcoins list prepared by CoinGecko has drawn attention. MANTRA (OM) #Mantra ($OM ), a layer-1 blockchain that aims to solve regulatory compliance and focuses on real-world assets (RWA), ranked first on the trending altcoins list. OM has decreased by 6.7 percent in the last 24 hours. The popular altcoin has a market value of $ 3.361 billion. Hyperliquid (HYPE) #Hyperliquid (HYPE), a new generation blockchain solution, is climbing to the top with its strong community and increasing transaction volume. The layer-1 blockchain has become one of the most popular altcoins in recent weeks. HYPE has decreased by 21.5 percent in the last 24 hours. The popular altcoin has a market value of $ 9.028 billion. Pudgy Penguins (PENGU) #PudgyPenguins (PENGU), a reflection of NFT culture, made a sensational debut last week by being listed on exchanges. Pudgy Penguins, which is at the top with its strong community and valuable NFTs, has also made a name for itself in the crypto market after tokenization. You may be interested in: “Bitcoin can reach $168,000” $PENGU has decreased by 1 percent in the last 24 hours. The popular altcoin has a market value of $1.687 billion Virtuals Protocol (VIRTUAL) One of the most popular trends of 2024, AI Agents (artificial intelligence assistants), is hosting new investors day by day. The most popular altcoin in the field was Virtuals Protocol (VIRTUAL). VIRTUAL allows users to create artificial intelligence assistants. #VIRTUAL has increased by 5.9 percent in the last 24 hours. The popular altcoin has a market value of $2.625 billion. Sui (SUI) Sui ($SUI ), one of the layer-1 blockchains that will mark 2024, has shown a sensational performance. #SUI has become one of the best-growing altcoins of the year. Thousands of investors have flocked to the blockchain created with the Move language. SUI has fallen by 4.8 percent in the last 24 hours. The popular altcoin has a market value of $12.587 billion.
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“Bitcoin could reach $168,000” Mayer Multiple, a common price indicator, shows that the Bitcoin ($BTC ) price will continue its upward movement. BTC, which rose above $100,000 for the first time on December 5, has not been able to achieve stability since that date. BTC, which has not been able to maintain above $100,000 for weeks, has started to exhibit a negative outlook with the increase in selling pressure. Crypto analyst Ali Martinez made a striking comment for Bitcoin. In the analysis, it was stated that Mayer Multiple (MM), a potential bullish indicator, points to $168,000. MM calculates potential market tops and bottoms by dividing BTC's current price by its 200-day moving average. In the MM metric, the potential top of the market is shown as 2.4 MM (red line). The level in question touches $168,494. The bottom level of the indicator was defined as 0.8 MM (green line) or $ 56,141. The analysis included the following statements: “The MM indicator, which is currently at 1.3, indicates a potential recovery for BTC. However, it should be remembered that the indicator does not directly determine the market direction.” #Bitcoin (BTC) continues to attract market demand despite the recent declines. Crypto analysts predict that BTC will return to above $ 100,000. Institutional and large-scale investors play an important role in BTC's progress. According to the latest data, institutional investors have increased their risk appetite as BTC regains popularity. AMBCrypto noted the following: “This buying trend could further strengthen BTC's position in mainstream financial markets and positively affect its trajectory.” According to AMBCrypto's analysis, a possible drop to the $ 90,000 region could allow BTC to reach higher levels.
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The excitement of the new season has begun in Hamster Kombat (HMSTR). Hamster Kombat ($HMSTR ), which has swept through a period, has created excitement with its developments regarding season 2. Hamster Kombat, (HMSTR), one of the pioneers of the touch-to-win trend, published a post about season 2 on December 22. With this post, the popular project of a period that attracted attention excited the players again. Hamster Kombat, which could not meet the expectations with its airdrop and HMSTR price, seems more ambitious this time. The #HamsterKombat season 2 announcement temporarily increased the token price. However, despite the excitement for season 2, the price faced great selling pressure and interest in the game weakened. Hamster Kombat, which once had 300 million active users, now has only 27 million players. This major decrease in the number of users came due to the HMSTR airdrop and price performance. This decline in player numbers has become one of the biggest challenges for the project. Hamster Kombat, a Telegram-based minigame, gained immense popularity with its tap-to-win mechanics. However, the number of users and the price of HMSTR have been decreasing day by day. Despite this, the game developers are hopeful that Hamster Kombat Season 2 can rekindle this interest. With Season 2 of Hamster Kombat approaching, it could be a turning point for HMSTR. Season 2 will introduce new games and establish a foundation for the HamsterVerse. These moves could rekindle interest in the game and attract new players.
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What are the expectations for Cardano (ADA)? #Cardano (ADA), which has made major declines on daily charts, is giving signals of a potential rise. ADA has been struggling to maintain its upward momentum since reaching $ 1.3. ADA, which has experienced strong selling pressure throughout the week, retreated to $ 0.77 during these declines. AMBCrypto suggested that major altcoins, especially ADA, could recover from recent market declines. Crypto analyst Ali Martinez claimed that $ADA could reach $ 6, referring to previous bull cycles. During the 2020 rally, the price of ADA rose from $ 0.088 to $ 0.19. After this rise, ADA fell to $ 0.12 and settled at $ 1.02 two months later. According to Martinez, a similar scenario may occur in ADA. ADA, which has lost nearly 8 percent in value in the last 24 hours, is expected to rise in the coming days. AMBCrypto said: “If history repeats itself, Cardano could host a major rally after the current correction.” While Martinez’s historical cycle gives investors hope, market indicators reflect a different outlook. AMBCrypto stated that the ADA price was not supported by the growth in on-chain activity. In addition, Cardano’s trading volume and buying appetite did not reach a sufficient level. The analysis mentioned the following: “Despite the recent decline, ADA’s market value still appears to be growing faster than on-chain transactions. This trend suggests that there is speculative price growth rather than increased usage in Cardano.” According to the price analysis, ADA needs to recover the $1 resistance. If this resistance is overcome, the resistance levels of $1.2, $1.6, $1.8 and $2.4 can be targeted, respectively.
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Large Chainlink (LINK) transfer scares: What are whales planning? The large transfers of #Chainlink (LINK) whales in a short period of time have worried investors. Chainlink ($LINK ) continues to attract attention in the crypto market. In just 48 hours, nine new wallets withdrew a total of 362,380 LINK (worth $8.19 million) from the cryptocurrency exchange Binance. This movement among Chainlink whales reveals that interest in LINK is increasing. As of the writing of the news, LINK is trading at $21.87 and has fallen by 4.62 percent in the last 24 hours. Although the price has fallen due to the negative trend of BTC and ETH, investors seem hopeful about Chainlink. According to technical analysis, Chainlink is at a critical turning point. The popular altcoin, which rose to $32 in November, has declined from this level and is currently trading around $21. If this support level is maintained, we can see the price move towards $32 again. However, if #LINK cannot maintain this level, it may test lower levels. In the last 24 hours, Chainlink's transaction count increased by 0.76 percent, reaching 10,000. This transaction increase reveals that the network is becoming more active. Network activity is generally interpreted as a positive development. Active addresses also increased by 0.83 percent in the last 24 hours, reaching 5,700. This increase indicates that interactions on the Chainlink network are strengthening, in line with the accumulation of whales. Increasing active addresses generally indicate ecosystem growth and strengthen bullish expectations.
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