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Binance lists $DEXE in futures.
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Will Peanut the Squirrel (PNUT) rise after a sharp decline? Solana-based memecoin Peanut the Squirrel ($PNUT ) has attracted attention in the crypto world by drawing inspiration from a squirrel. With a market cap of $683 million and a 24-hour trading volume of $1.1 billion, #PNUT has quickly become the focus of investors. Despite this early success, however, the memecoin has lost more than 50 percent in value in the last two weeks, making investors nervous. So what's the latest on the popular memecoin? PNUT experienced a strong rally during and after the 2024 US elections. However, interest in PNUT has waned since then as BTC and $ETH began to decline. The current correction in Bitcoin's price has affected all altcoins, with Bitcoin's market dominance rising above 58 percent. This overall decline has hit memecoins especially hard. There are currently more than 78,000 PNUT wallet holders. In addition, the token has more than $12 million in locked liquidity. Many crypto investors, especially memecoin enthusiasts, are still hopeful about PNUT. However, the project is facing serious legal problems. Mark Longo, known as the “squirrel dad,” has issued a warning to Binance and Coinbase for using his pet’s image without permission. Longo was accused of fraud with “rug pull” claims in previous memecoin projects and then launched a new project called Justice for Peanut (JFP). PNUT’s price has lost more than 71 percent since its peak of $2.40 last month. It is currently testing the 0.618 Fibonacci level, an important support level on the daily chart. A potential double bottom formation is forming on the short-term four-hour chart. The double bottom formation indicates that the price may rise. With the market recovering, the $1 band may be targeted for PNUT. However, factors such as the continuation of legal problems, the weakening of the memecoin trend or the negative trend of the market will push the price to even lower levels.
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Trending altcoins of the day: Intense interest from investors! As the crypto market begins the new week with signs of recovery, the trending altcoins list prepared by CoinGecko has drawn attention. MANTRA (OM) #Mantra ($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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