Unlike the last few weeks, altcoins have been moving sideways for the last few days. As a result, the trend is for all altcoins to increase in price today. This development is likely due to profit-taking, especially since prices have been rising exponentially for some time. Crypto analyst Victor Olanrewaju discusses today’s trending BABYDOGE Coin and two altcoins.
Bertram The Pomeranian (BERT)
BERT has been on the altcoins trend list several times due to speculation that the token may be listed on Binance. The price of the cryptocurrency is increasing at different points. The token was seen moving horizontally while trading at $ 0.081 in the last 24 hours. Despite the low price action, Solana meme coin remains a token with high market interest. On the technical front, the Moving Average Convergence Divergence (MACD) fell into negative territory. A drop in the MACD reading indicates bearish momentum around the token. Hence, the price of BERT is likely to fall. If this is the case, BERT is likely to fall to $0.063. However, if buying pressure comes into play, it is possible for the token to rise to $ 0.13.
Baby Doge Coin (BABYDOGE Coin)
BABYDOGE Coin is one of the few cryptos whose price has increased in the last 24 hours. The price increased by 40% in that time. It is trending due to the buzzing narrative around Dogecoin (DOGE) and Elon Musk’s constant mention of the D.O.G.E acronym. Looking at the daily chart, the Awesome Oscillator (AO) reading jumped into positive territory. This indicates increased buying pressure and bullish momentum around BABYDOGE Coin. If this situation remains the same, it is possible that the BABYDOGE Coin price could break above $0.0000000062, the highest point of the wick. On the other hand, if the momentum turns bearish, the trend reverses and the token is likely to fall as low as $0.0000000039.
Milady Cult Coin (CULT)
Last on the list of altcoins trending today is CULT, a meme created by Remilia Corporation, the developers of the Milday Non-Fungible Toke (NFT). The reason why CULT is trending is that Remilia decided to launch the token today. It is also distributing some to users in its ecosystem via airdrop. According to GeckoTerminal, the altcoin launched on Ethereum has surpassed a market capitalisation of $600 million. With a volume of $ 144.97 million, the price is trading at $ 0.0065. However, some market observers believe that Milady Cult Coin was launched at a fair price. Therefore, it is possible that its value could rise further in the short term as it has a strong community. The coming days will show whether this will happen or not.
The opinions and forecasts in the article belong to the analyst and are not investment advice. As Kriptokoin.com, we strongly recommend that you do your own research before investing.
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