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Bitcoin is currently consolidating near its all-time high, with more than 320,000 active addresses interacting around the $68,761 price point, based on data from IntoTheBlock. This indicates strong investor interest as Bitcoin remains near record levels.
Furthermore, the XRP Ledger has experienced increased activity, coinciding with Ripple’s ongoing legal battle with the U.S. Securities and Exchange Commission (SEC). Data from blockchain analytics firm Santiment shows a notable rise in active wallets on the XRPL, reflecting the growing usage of the network. Meanwhile, tokens across several blockchains are posting price increases. This article focuses on the top trending cryptos on Solana Chain today.
Top Trending Cryptos on Solana Chain Today
SHHHH is currently valued at $0.0115, with a market cap of $11.66 million and a 24-hour trading volume of $5.97 million. Moo Deng Hunter (MDHUNTER) is trading at $0.0226, holding a market capitalization of $8.80 million, and has seen a 24-hour trading volume of $12.93 million. SimpCard (SCARD) is priced at $0.0076, with a market cap of $3.21 million.
Meanwhile, Pepe Unchained ($PEPU) has made notable progress in its presale, securing $21 million as the overall meme coin market reached a combined value of $60 billion. The potential for a Trump election victory has also bolstered optimism around Bitcoin and other cryptocurrencies.
1. SHHHH (SHHHH)
SHHHH is currently priced at $0.0115, with a market cap of $11.66 million and a 24-hour trading volume of $5.97 million. Over the past 24 hours, the price has surged by 17,272.80%, with a circulating supply of 1 billion coins out of a maximum supply of 1 billion.
In terms of price movement, the coin initially experienced a significant upward trend between 06:00 and 09:00, rising from $0.009903 to a peak of $0.02000. This sharp increase points to strong buying activity during this period. However, following this peak, a downward correction occurred between 09:00 and 10:00, where the price fell to $0.01069, likely due to profit-taking or a reaction to market resistance. After this correction, the price appeared to stabilize around $0.01069, with less aggressive movements, indicating a balance between buyers and sellers.
At the same time, trading volume played a key role in understanding the market dynamics. During the initial price increase, volume was notably high, signaling strong buying momentum. As the price dropped, the volume remained relatively high, suggesting active selling pressure. However, as the market transitioned into a stabilization phase, volume started to decrease, implying that traders might have been waiting for clearer market signals before committing to further trades.
In terms of market sentiment, the initial bullish rally was followed by a sharp reversal, signaling a shift in market behavior. As sellers entered the market, the sentiment became more cautious, with the price eventually stabilizing around $0.01069. This stabilization suggests that traders may be waiting for additional market signals before making their next moves.
2. Moo Deng Hunter (MDHUNTER)
Moo Deng Hunter (MDHUNTER) is currently trading at $0.0226, with a market capitalization of $8.80 million and a 24-hour trading volume of $12.93 million. Over the past 24 hours, the coin has experienced a significant 7,185.19% increase in price. It has a circulating supply of 420.69 million tokens, which matches the total supply.
In a trading session on October 22, 2024, the price movement of MDHUNTER displayed considerable volatility. At the beginning of the session, between 02:00 and 03:00, the price surged sharply from $0.02271 to $0.02366. This increase was likely driven by strong buying interest, possibly spurred by positive market sentiment or favorable news.
However, this bullish momentum did not last long. By 03:00, the price started to decline steadily, dropping to $0.02166 by 04:00. This downward trend suggests that sellers took advantage of the early gains, leading to profit-taking and increased selling pressure.
After this decline, the price entered a consolidation phase between 04:00 and 09:00. During this period, it fluctuated between $0.02166 and $0.02243, indicating market indecision. Buyers and sellers were evenly matched, and no clear direction emerged. Nevertheless, by 09:00, there was an attempt at recovery. The price began to rise once more, reaching $0.02243. However, the smaller size of the green candles during this period implied that the momentum was weakening, and traders were still cautious.
In terms of volume, trading activity was high during the initial price surge, which reflected significant market participation and interest in the coin. Even as the price declined, volume remained elevated, indicating sustained selling pressure. Yet, as the market entered the consolidation phase, trading volume began to drop.
3. SimpCard (SCARD)
SimpCard (SCARD) is currently priced at $0.0076, with a market cap of $3.21 million. Additionally, its 24-hour trading volume stands at $11.79 million, reflecting a sharp 2,309.75% rise in activity. Moreover, the circulating supply is 420.69 million, which matches its maximum supply.
The session opened with a clear downtrend as the price dropped from $0.0080 to $0.0072. This decline was driven by strong selling pressure. Following this, some volatility appeared around 04:00, with a brief recovery pushing the price back to $0.0078. However, the recovery was short-lived, and the price soon fell again to around $0.0074. This indicated market indecision, as both buyers and sellers struggled for control.
Afterward, the price entered a consolidation phase, fluctuating between $0.0072 and $0.0076. This suggests that traders were waiting for clearer signals before making any major moves. Furthermore, the trading volume was high during the initial drop, reflecting strong selling interest. Yet, as the price consolidated, the volume decreased, indicating less active trading.
Key resistance is at $0.0078, where several attempts to break through have failed. On the other hand, support sits at $0.0072, a level that has consistently prevented further declines.
What Might Be The Next Top Trending Crypto?
Pepe Unchained ($PEPU) has made significant strides in its presale, raising over $21 million as the meme coin market reached a collective value of $60 billion. Following its recent $20 million milestone, the project attracted an additional $1.2 million in contributions over just four days. With this momentum, reaching $22 million this week seems achievable, particularly after announcing grant applications for its upcoming Layer 2 blockchain.
The cryptocurrency market has rebounded after a slow start this month, and Pepe Unchained is capitalizing on this renewed interest. Currently, investors can purchase $PEPU tokens for $0.0115, but with less than 24 hours before the next funding stage, the price is set to increase. Since the presale launch, the token price has increased by 40%, with an additional rise of about 3.75% expected soon.
Whale purchases are becoming common; one whale recently acquired 5 million $PEPU tokens for around $50,000. Such activity often indicates informed investment decisions. The growing community is also notable, with the token gaining 51,100 followers on X.
Pepe keeps on BUILDING!
$21M raised. Momentum increasing! 🐸🐸🐸 pic.twitter.com/3c8pvDEsvU
— Pepe Unchained (@pepe_unchained) October 20, 2024
Additionally, the developer grant program encourages innovative projects leveraging the Pepe Unchained blockchain. Interested developers can apply through the project’s website, allowing selected projects to receive funding. Overall, Pepe Unchained demonstrates a blend of strong investor interest and community engagement, suggesting a promising future in the competitive cryptocurrency landscape.
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