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Fetch.AI (FET), a blockchain-based artificial intelligence (AI) protocol, has recently generated optimistic signals within its community and among investors. According to a crypto analyst featured on the Altcoin Buzz podcast, this momentum could potentially lead to a short-term uptrend.
The analyst also points out that Injective (INJ) has shown resilience over the past month, performing well amid market volatility. The INJ saw a notable rise in early October, increasing by almost 30% before experiencing a correction. Despite this decline, the analyst maintains a positive outlook on INJ. Meanwhile, tokens from other chains generate earnings. This article organizes the trending cryptocurrencies on Ethereum.
Top Trending Cryptocurrencies on Ethereum
The Microsoft 6900 token (MSFT) has a current price of $0.0000978, with a market cap of $105,090 and a 24-hour trading volume reaching $791,800. The Homestar Runner (RUNNER) token, on the other hand, is valued at $0.0000815 with a market cap of $86,430 and a daily trading volume of $62,700.
Meanwhile, TokenBrain.ai (TKB) is trading at $0.00119, with a market cap of $119,200 and a 24-hour trading volume of $216,260. In recent crypto news, Pepe Unchained ($PEPU) attracted significant attention by raising $22 million during its presale. Chris Larsen of Ripple reportedly invested substantial funds to support the Harris campaign.
1. Microsoft 6900 (MSFT)
The Microsoft 6900 token (MSFT) is currently priced at $0.0000978, with a market cap of 105,090 and a 24-hour trading volume of 791,800. Over the past 24 hours, trading activity jumped by 4,575.02%. With a circulating supply of 980 million coins, MSFT has reached its maximum issuance.
In terms of price movement, the 15-minute candlestick chart for the MSFT/USD pair shows substantial volatility. The chart initially reveals an upward trend, marked by consecutive green candles and an increase in trading volume. This early activity suggests strong buying momentum, peaking around 2:00 p.m. However, this upward trend quickly reverses into a downward trend, indicated by a series of red candles. This change reflects a marked increase in selling pressure, with trading volume remaining high as sellers dominate.
After this period of decline, the price movement enters a consolidation phase. Here, candlestick sizes decrease and trading volume decreases, suggesting a temporary equilibrium in which neither buyers nor sellers hold a decisive advantage. Early in the session, high green volume bars aligned with increased buying during the uptrend. However, as the downtrend took hold, red volume bars became more frequent, signaling increased selling interest. The drop in volume during the consolidation phase also highlights a decrease in market activity.
20M of $MSFT is burned 🔥
Another burns 20 million at 500,000 mc pic.twitter.com/LF7n2K2NOV
-MSFT6900 (@Microsoft6900) October 26, 2024
Several observations emerge from the graphical analysis. First, there is a notable spike in volatility, with large candles showing price swings in both directions. Second, the most recent price of $0.00009198 positions MSFT near the lower end of its observed range, which may indicate that it is approaching a support level or possibly a rebound zone. Finally, the current downtrend, combined with frequent red volume bars, suggests a dominant bearish sentiment over this time frame.
2. Homestar Runner (RUNNER)
The Homestar Runner (RUNNER) token is currently trading at $0.0000815 with a market cap of $86,430 and a 24-hour trading volume of $62,700. This activity marks a significant 3,247.22% increase in trading over the past day. RUNNER has a circulating supply of one billion tokens, reaching its maximum cap, which has attracted interest due to its high volatility and price fluctuations.
The 15-minute interval chart for the RUNNER/USD pair on DEXTools.io reveals a high degree of volatility as well as relatively low trading volume. Initially, price action remains stable with minimal activity. However, shortly after 1:00 p.m., the chart shows a sudden rise as the price reaches a high of $0.00008643.
This upward spike appears in a sharp green candlestick, signaling rapid buying activity. Immediately afterward, a rapid reversal ensues, with several red candles representing a sharp price decline. This drop suggests that traders could make quick profits after the rise, temporarily pushing prices lower.
Following this sharp decline, the price enters a consolidation phase with reduced volatility and smaller candles. This calmer phase eventually turns into a gradual upward trend, showing signs of recovery as more green candles appear, hinting at a possible resurgence in buying interest. Trading volume, while still modest, shows a slight increase during this period, reflecting growing engagement from traders.
Overall, trading volume remains low, with brief spikes in activity aligning with major price movements, such as the initial rise and subsequent recovery. This low volume indicates liquidity limits, suggesting that even small transactions can have a greater impact on price changes than in a more liquid market.
3. TokenBrain.ai (TKB)
TokenBrain.ai (TKB) is currently trading at $0.00119 with a market cap of $119,200 and a 24-hour trading volume of $216,260. This high trading volume marks a sharp increase of 1,982.38% over the past 24 hours. The circulating supply has reached its maximum of 100 million TKB coins.
The TKB/USD 15-minute candlestick chart on DEXTools.io illustrates a complete price cycle in just a few hours. Initially, TKB experienced a gradual uptrend, marked by consecutive green candles and stable volume, eventually leading to an all-time high price of $0.001900 shortly after 1:00 p.m. This rise aligns with a notable increase in volume, suggesting increased buying interest during this period.
After reaching this high, a reversal trend emerged, characterized by red candles as sellers took control, causing the price to fall from its high. The decline started slowly but quickly accelerated, with larger red candles and increased trading volume pushing the price down to its current level of $0.001191. The final green candle at this point hints at a possible support level, although further confirmation from subsequent candles would be needed.
Trading volume accurately reflects these price movements. During the initial bullish phase, volume spikes coincide with peak prices, indicating an increase in buying activity, likely driven by speculative trading. As the price retreated, volume remained high, demonstrating continued selling interest and suggesting that some investors were capitalizing on earlier gains.
What could be the next hottest cryptocurrency?
Pepe unleashed ($PEPU) recently made waves in the crypto world by raising $22 million during its presale. This rapid influx is partly attributed to early investments from large lenders, which likely encouraged increased interest from new buyers. At a pre-sale price of $0.01178 and a competitive annual percentage yield (APY) of 101%, the project has garnered support from prominent crypto figures who anticipate growth in its upcoming stock market listing.
Although Pepe Unchained started as a meme-inspired coin, it signals ambition to evolve into a broader blockchain ecosystem, specifically a layer 2 solution based on Ethereum. The development team has launched initiatives like the “Pepe Frens with Benefits” grant program to incentivize developers to build projects within its network, potentially adding tangible utility beyond meme status. Currently, over 150 million $PEPU tokens are staked, indicating notable community interest and trust in the project.
22 million dollars!!!
Wait until you see what’s coming 😉 pic.twitter.com/4Wuhy2bfyL
– Pepe Unchained (@pepe_unchained) October 23, 2024
The token’s growing visibility is evident in its high ranking on CoinSniper.net. Additionally, audits conducted by Coinsult and SolidProof add a layer of credibility to $PEPU, helping it stand out from other speculative tokens by focusing on blockchain-based features and development.
With a structured approach to financing and ecosystem creation, Pepe unleashed appears to be taking steps to establish a lasting presence in the crypto space. However, its long-term potential will likely depend on its ability to attract developers and maintain engagement within its ecosystem post-launch.
Visit the Pepe Unchained presale
Learn more
Most Wanted Crypto Launch – Pepe Unchained
- Layer 2 Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Faceoff Rewards – pepeunchained.com
- Over $10M Raised at ICO – Ending Soon
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