Altcoins Trending Today, December 9: CULT, BERT, BABYDOGE
Contrary to the past few weeks, altcoins have been trading sideways over the past few days. Therefore, not all popular altcoins saw price increases today (December 9).
This development can be attributed to profit-taking, especially if prices rise exponentially over a period of time. According to CoinGecko, the most popular altcoins today are Bertram The Pomeranian (BERT), Baby Doge Coin (BABYDOGE), and Milady Cult Coin (CULT).
Pomeranian Bertram (BERT)
BERT has appeared many times The coin appeared on the altcoin trending list amid speculation that it might be listed on Binance. While the price of the cryptocurrency has increased at different points in time, over the past 24 hours, its price has been trading sideways at $0.081.
Despite lackluster price action, Solana Meme coin continues to be a coin with a lot of market interest. From a technical perspective, the Moving Average Convergence Divergence (MACD) has fallen into negative territory.
The decline in MACD readings indicates the bearish momentum surrounding the coin. Therefore, the price of BERT is likely to drop. If this is the case, BERT will likely drop to $0.063. However, if buying pressure play a rolethis may not happen, and The coin may rise to $0.13.
BABYDOGE
BABYDOGE is one of the few cryptocurrencies to see price increases over the past 24 hours. During this period, prices increased by 40%. Dogecoin (DOGE) is trending due to the heated discussion surrounding it Elon Musk keeps mentioning DOGE abbreviation.
Looking at the daily chart, the Momentum Oscillator (AO) reading has jumped into positive territory. This indicates rising buying pressure and bullish momentum surrounding the altcoin. If this situation holds, BABYDOGE’s price could climb above the candle’s high of $0.0000000062.
On the other hand, if momentum turns bearish, the trend could reverse. In this case, the coin may slip to $0.0000000039.
Milady Worship Coin (CULT)
Last on the list of popular altcoins today is CULT, a meme created by Remilia Corporation, the developer of the Milday non-fungible token (NFT). CULT is trending because Remilia decided to launch the token today and airdrop some tokens to users of its ecosystem.
According to GeckoTerminal, AltcoinsThe market cap launched on Ethereum has exceeded $600 million. Volume was $144.97 million and the price was $0.0065.
However, some market observers believe that the launch of Milady Cult Coin is reasonably priced. Therefore, its value is likely to go higher in the short term due to its strong community. The next few days will tell us whether this happens.
Disclaimer
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