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Bitcoin is exhibiting strong bullish momentum, recently surpassing the $65,000 mark, which could signal the beginning of a new bull market. After dipping to a low of $59,800 last week, the cryptocurrency has rebounded and is steadily climbing. Traders are paying close attention to the $65,000 level, viewing it as a crucial point that may shape the market’s future direction.
Current market data shows growing confidence among investors. Following nearly eight months of consolidation, Bitcoin seems to be gaining momentum. Analysts highlight increased buyer activity as a possible indication of an upcoming breakout. At the time of writing, Bitcoin reached $65,186 before settling around $64,990. Meanwhile, tokens within the Base network also rallied. InsideBitcoins curates the most trending cryptocurrencies on Base Chain now.
Most Trending Cryptocurrencies on Base Chain Now
The BRATT token is currently valued at $0.000544, reflecting a modest increase of 0.56%. Meanwhile, Pacato (PACATO) trades at $0.000000208 and has a market capitalization of $83.09K. The Based Chad (CHAD) token is priced at $0.00019, boasting a market cap of $12.87 million and a 24-hour trading volume of $1.20 million, representing a notable rise of 135.52% in the past day.
Additionally, Pepe Unchained (PEPU), a recently launched meme coin, is gaining popularity, with its presale exceeding $19.4 million. In related news, MicroStrategy is experiencing gains as a stimulus from China boosts Bitcoin’s value.
1. BRATT (BRATT)
The BRATT token is priced at $0.000544, reflecting a 0.56% increase. It has a market cap of $519.38K and a 24-hour trading volume of $32.57K, which has risen by 174.61% in the past day. The total circulating supply is 955.13 million BRATT coins out of a maximum of 955.13 million.
The price action reveals a noticeable shift in momentum. Initially, there was a sharp decline, as large red candlesticks indicated significant selling pressure. This sell-off pushed the price down from around $0.0005700 to a low of nearly $0.0004700. The market consolidated between 08:00 and 10:00, with limited price movement and low volatility. This phase suggests the market was attempting to stabilize after the steep drop.
Around 10:00, the price began to recover as larger green candles formed, signaling increased buying activity. The price steadily rose, breaking through the $0.0005000 level, and continued its upward trend to the current level of $0.0005444. However, after 13:00, the pace of growth slowed, with alternating small green and red candles appearing, suggesting a more balanced market between buyers and sellers.
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Moreover, a significant spike in trading volume during the initial sell-off reflected strong selling activity, driving the price downward. As the price began recovering, volume increased again around 10:00 and 12:00, indicating that more traders entered the market. However, as the price stabilized post-13:00, the trading volume gradually decreased, reflecting a slowdown in activity as the market settled into its current range.
2. Pacato (PACAT)
Pacato (PACATO) trades at $0.000000208 with a market capitalization of $83.09K. The coin has experienced a notable 24-hour trading volume of $7.37K, reflecting a significant 113.15% increase over the past day. It has a circulating supply of 420.69 billion coins, which matches its maximum supply.
Regarding price action, the current price stands at 0.062087, marking a modest increase of 3.15%. Earlier in the session, between 06:00 and 10:00, the price showed minimal movement, with low volatility and small candlesticks. This lack of activity likely indicates low trading volume and limited market engagement during this period.
Regarding trading volume, it was initially very low, reflecting the lack of price movement in the early hours. However, as the price surged around 11:00, there was a notable increase in volume, suggesting a higher level of market participation as traders reacted to the sudden price movement. Although the price continued to rise steadily, the volume decreased following the spike, indicating fewer active traders despite the higher price.
Candlestick patterns further support this analysis. The large green candle at 11:00 indicates a bullish breakout from the previous consolidation, driven by strong buyer interest. Following this, a few red candles suggested minor profit-taking or selling pressure. However, subsequent green candles show buyers quickly regained control, leading to continued upward price movement.
3. Based Chad (CHAD)
The Based Chad (CHAD) token is currently priced at $0.00019, with a market capitalization of $12.87 million and a 24-hour trading volume of $1.20 million, marking a significant 135.52% increase in the last day. The circulating supply is 69.41 billion CHAD coins, matching the maximum supply.
Regarding price action, the most recent value is $0.0001899, reflecting a slight -0.28% decline from the previous session. Early in the day, from 06:00 to 08:00, the price experienced a sharp decline, dropping from around $0.00001900 to a low of $0.00001300. However, by 09:00, the price began recovering, with a steady rise seen in the afternoon. A sharp upward spike occurred around 15:00, pushing the price to $0.0001907, followed by a minor pullback to $0.0001899.
Volume analysis reveals a notable surge in trading volume during the early morning sell-off, suggesting heavy selling pressure. After this drop, the volume tapered off but remained active during the recovery, with intermittent bursts aligning with price gains. A strong increase in volume accompanied the sharp price rise at 15:00, indicating heightened buying interest.
$CHAD Hodlers are Accumulating More $CHAD Holders https://t.co/qHaW4GPrUQ
— Based Chad (@BasedChad6969) October 13, 2024
Regarding candlestick patterns, the early red candles point to strong selling pressure, possibly driven by panic or profit-taking. The recovery phase, marked by green candles, showed upward movement despite brief corrections. The most significant movement occurred at 15:00, with a large green candle signaling strong bullish momentum, although a small pullback followed.
What Might Be The Next Top Trending Crypto?
Pepe Unchained (PEPU), a new meme coin, has been gaining traction, with its presale surpassing $19.4 million. Notable investments include contributions from a whale investor, who recently purchased $50,000, $16,000, and $15,000 worth of PEPU tokens. These tokens were also staked, indicating a long-term interest in the project.
YouTuber Austin Hilton, known for his channel with over 275,000 subscribers, mentioned in a recent video that he has more than doubled his initial $10,000 investment in PEPU.
A key factor driving the excitement around Pepe Unchained is its connection to Pepe Chain, a Layer 2 blockchain designed to solve some of Ethereum’s ongoing limitations. Pepe Chain aims to provide faster and more cost-efficient transactions, claiming to be up to 100 times quicker while reducing gas fees. The network also remains fully compatible with Ethereum’s decentralized applications (dApps).
In addition to its blockchain goals and successful presale, Pepe Unchained has launched a developer grant program called “Frens with Benefits.” This initiative aims to attract talent and encourage the development of new dApps on the Pepe Chain.
Building. Growing. Reaching new people everyday.
$19M! Let's go PEPU! 🐸 pic.twitter.com/l95XkoNm3j
— Pepe Unchained (@pepe_unchained) October 12, 2024
A unique feature of the presale is the option to stake PEPU tokens immediately, offering an annual return of 113%. So far, over 1.4 billion tokens have been staked. Tokens are available for $0.00998; buyers can use ETH, USDT, BNB, or a bank card to make purchases. However, the price is set to increase soon, so potential investors may want to act promptly.
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