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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 drive a short-term upward trend.
The analyst also highlights that Injective (INJ) has demonstrated resilience over the past month, performing well amid market volatility. INJ saw a notable surge in early October, rising by almost 30% before experiencing a correction. Despite this pullback, the analyst maintains a positive outlook on INJ. Meanwhile, tokens across other chains are printing gains. This article curates the most trending cryptocurrencies on Ethereum.
Most Trending Cryptocurrencies on Ethereum
The Microsoft 6900 (MSFT) token has a current price of $0.0000978, with a market capitalization 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, boasting 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 in its presale. Ripple’s Chris Larsen is reportedly investing substantial funds to support the Harris campaign.
1. Microsoft 6900 (MSFT)
Microsoft 6900 (MSFT) token 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 has surged 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 increased trading volume. This early activity suggests strong buying momentum, peaking around 14:00. However, this uptrend soon reverses into a downtrend, indicated by a series of red candles. This shift reflects a clear increase in selling pressure, with trading volume remaining high as sellers dominate.
Following this period of decline, the price movement enters a consolidation phase. Here, the candlesticks shrink in size, and trading volume falls, suggesting a temporary balance where neither buyers nor sellers hold a decisive advantage. Early in the session, high green volume bars aligned with the buying surge during the uptrend. However, as the downtrend set in, red volume bars became more frequent, signaling intensified selling interest. The lower volume in the consolidation phase further underscores a decrease in market activity.
20M of $MSFT is burnt 🔥
Another burn 20M at 500k mchttps://t.co/G9ospGv9HN pic.twitter.com/LF7n2K2NOV
— MSFT6900 (@Microsoft6900) October 26, 2024
Several observations stand out from the chart analysis. First, there is a notable spike in volatility, with large candles showing price fluctuations in both directions. Secondly, the most recent price of $0.00009198 positions MSFT near the lower end of its observed range, which may indicate it is approaching a support level or possibly a rebound zone. Finally, the ongoing downtrend, combined with frequent red volume bars, suggests a prevailing bearish sentiment in this timeframe.
2. Homestar Runner (RUNNER)
The Homestar Runner (RUNNER) token currently trades 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 sparked interest due to its sharp volatility and fluctuating price patterns.
The 15-minute interval chart for the RUNNER/USD pair on DEXTools.io reveals a high degree of volatility alongside relatively low trading volume. At first, price movement remains stable with minimal activity. However, shortly after 13:00, the chart shows a sudden surge as the price reaches a high of $0.00008643.
This upward spike appears in a sharp green candlestick, signaling rapid buying activity. Immediately afterwards, a swift reversal follows, with multiple red candles representing a steep drop in price. This decline suggests traders may be taking quick profits after the surge, temporarily driving the price downward.
Following this sharp drop, the price enters a consolidation phase with reduced volatility and smaller candles. This calmer phase eventually transitions into a gradual upward trend, showing signs of recovery as more green candles appear, hinting at a possible resurgence of buying interest. Trading volume, although still modest, shows a slight increase during this period, reflecting a growing engagement among traders.
Overall, trading volume remains low, with brief spikes in activity aligning with key price movements, such as the initial surge and subsequent recovery. This low volume indicates liquidity limitations, suggesting that even small trades may impact price shifts more than they would 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 1,982.38% increase in 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 full price cycle in just a few hours. Initially, TKB experienced a gradual upward trend, marked by consecutive green candles and steady volume, eventually leading to a peak price of $0.001900 shortly after 13:00. This surge aligns with a noticeable spike in volume, suggesting a heightened interest in buying during this period.
After reaching this high, a reversal pattern emerged, characterized by red candles as sellers gained control, causing the price to decline from its peak. The decline began slowly but soon accelerated, with larger red candles and increased trading volume, driving the price down to its current level of $0.001191. The latest green candle at this point hints at a possible support level, though further confirmation from subsequent candles would be necessary.
The trading volume closely mirrors these price movements. During the initial upward phase, volume spikes coincide with the price peak, indicating a surge in buying activity, likely driven by speculative trading. As the price retraced, volume remained elevated, showing continued selling interest and suggesting that some investors were capitalizing on earlier gains.
What Might Be The Next Top Trending Crypto?
Pepe Unchained ($PEPU) recently made waves in the crypto world by raising $22 million in its presale. This rapid influx is partly attributed to early investments from large backers, which likely encouraged further interest from newer buyers. At a presale price of $0.01178 and a competitive annual percentage yield (APY) of 101%, the project has garnered endorsements from prominent crypto figures who foresee growth upon its upcoming listing on exchanges.
While Pepe Unchained started as a meme-inspired coin, it signals ambitions to evolve into a broader blockchain ecosystem, specifically an Ethereum-based layer-2 solution. The development team has introduced 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, more than 150 million $PEPU tokens are staked, indicating notable community interest and confidence in the project.
$22M!!!
Just wait until you see what's cooking 😉 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 by Coinsult and SolidProof add a layer of credibility to $PEPU, helping it stand apart from other speculative meme tokens by focusing on blockchain-based functionality and development.
With a structured approach to funding and ecosystem-building, Pepe Unchained appears to be taking steps toward establishing a sustainable presence in the crypto space. However, its long-term potential will likely depend on how well it can attract developers and maintain engagement within its ecosystem post-launch.
Read More
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $10+ Million Raised at ICO - Ends Soon
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