The cryptocurrency market has experienced a significant decline in the last 24 hours. In the process, it lost a staggering $8 billion in total market capitalization. Despite this broad market correction, some altcoins have defied the trend. In fact, some of them reached new all-time highs today. Crypto analyst Abiodun Oladokun discusses 3 altcoin projects that stand out from the pack.
The first ranked altcoin: Just a Chill Guy (CHILLGUY)
Just a Chill Guy (CHILLGUY), a meme coin based on a popular internet character, has seen a massive increase in value since its launch on November 15. The altcoin’s price hit an all-time high of $0.58 on Tuesday. However, it is currently trading at $0.47, down 18% from its price peak. In a November 25 post on X, on-chain analytics data provider Nansen noted that the meme coin had seen $108,450 in smart money net flows in the previous 24 hours. Smart money refers to institutional or large-scale investors. This suggests that large-scale hodlers are increasing their holdings of CHILLGUY.
If this trend continues, it is possible that the meme coin could push the price back to its all-time high. On the other hand, CHILLGUY is likely to fall below $0.40 if selling activity resurfaces.

In second place is Virtuals Protocol (VIRTUAL)
VIRTUAL, the native token of Virtuals Protocol, rose to an all-time high of $0.71 today. The altcoin was trading at $0.65 at the time of writing. This means that it has lost 8% of its value from the daily peak price. VIRTUAL’s price surge is backed by real demand, reflected in its rising Rising Strength Index (RSI). At the time of writing, this index is at 69.48.
At 69.48, VIRTUAL’s RSI indicates that buying activity in the market is outweighing selling pressure. If this trend continues, the altcoin price will reclaim the ATH level of $0.71 and try to move beyond it. However, if profit-taking starts, VIRTUAL is likely to fall to $0.57. Also, this would invalidate the bullish outlook.

Last altcoin in last place: aixbt by Virtuals (AIXBT)
AIXBT was trading at $0.08 at the time of writing. The altcoin price recorded a 75% increase during the day. Thus, it reached an all-time high of $0.09 today. In the last 24 hours, trading volume increased 487% to $6.05 million. When the price of an asset rises along with the trading volume, it indicates strong market interest and participation and shows that the price increase is supported by active buying. It also indicates confidence in the asset’s value. Moreover, it indicates a continuation of the upward movement. If this bullish momentum continues, AIXBT will regain the ATH level. However, if the selling activity starts, its value may drop as low as $0.07.

The opinions and forecasts in the article are those of 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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