Today’s trending altcoins feature two meme coins connected to Artificial Intelligence (AI) and a recently launched cryptocurrency that’s gaining significant market attention.
However, only one of these three has experienced a notable price increase, while the others have seen their values decline in the last 24 hours. Based on CoinGecko data, the top three trending altcoins are Goatseus Maximus (GOAT), Scroll (SCR), and KOALA AI (KOKO).
Goatseus Maximus (GOAT)
GOAT leads today’s trending altcoins thanks to a significant price surge. In the past 24 hours, GOAT’s price has soared by 55%, recovering losses incurred just days ago. This surge has propelled the cryptocurrency, which benefits from the popular AI and meme coin narrative to a new all-time high of $0.68.
Further, BeInCrypto’s analysis reveals that this impressive gain is linked to a surge in whale purchases. Earlier today, Lookonchain reported that a wallet acquired $3.39 million worth of GOAT, likely exerting upward pressure on the price
From a technical perspective, the Accumulation/Distribution (A/D) line shows that the market has continued to buy more of the GOAT. If this continues, the altcoin’s value might rise above $0.70 and move closer to the $1 mark.
However, that will only be the case if the Bulls continue to receive $0.42 support. On the other hand, the price might sink to $0.26 if holders of the token book profit in large volumes.
Scroll (SCR)
On Tuesday, October 22, Scroll
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Author: Victor Olanrewaju
