What Are the Most Talked-About Altcoins Today, November 29?
Altcoins have been hinting at potential breakouts for weeks, with signs that they could soon overtake Bitcoin (BTC), which has dominated the market for much of this year. However, not all of today’s most talked-about altcoin trends saw price increases in the past 24 hours.
While some companies are performing strongly, others are lagging. According to CoinGecko, the most popular altcoins today include Hyperliquid (HYPE), (VIRTUAL), and Vector Smart Gas (VSG).
Hyperliquid (HYPE)
Hyperliquid is a Layer-1 blockchain that facilitates trading on its decentralized perpetual exchange and has a native token with the ticker “HYPE”. HYPE is one of the hottest altcoins today. Basically, it has a token generation event (TGE) today, Airdropped Offer some tokens to its early users.
According to the project, the airdropped tokens account for 31% of its total supply, equivalent to 310 million tokens. As of press time, HYPE is trading at approximately $3.81 and is not yet listed on any centralized exchange.
However, there is speculation that HYPE may soon be listed on the primary and secondary levels comminicate. If this happens, trading volume may increase and prices may rise.
Virtual protocol (VIRTUAL)
Virtuals Protcol is a project running on the Base network focused on artificial intelligence (AI) and Metaverse storytelling. VIRTUAL, its native cryptocurrency, is one of the The most talked about altcoin trend today as its price increased by 50% in the past 24 hours.
This development is similar to recent increases in Metaverse token prices, including sandbox (sand) and Decentralization (Mana). As of this writing, VIRTUAL is priced at $1.36.
The daily chart shows an increase in the Moving Average Convergence Divergence (MACD) reading, indicating bullish momentum for the cryptocurrency. If this continues, the price may rise above $1.56.
On the other hand, this may not happen if the hype surrounding Metaverse tokens subsides and selling pressure increases. Conversely, VIRTUAL’s value could drop to $0.52.
Vector Smart Gas (VSG)
Like Hyperliquid, Vector Smart Gas (VSG) is not listed on any centralized exchange. The token is built on Ethereum, is among them Trending Altcoins November 27th. Its reappearance on the list shows that interest in the coin is still there.
However, unlike last time, the price of VSG did not rise in the past 24 hours and instead fell by 13.50%. This decline may be related to rising selling pressure, with trading volume on the daily chart showing increased trading volume.
If this situation continues, then the price of VSG may drop from $0.0057 to $0.0037. However, this may not be the case if buying pressure increases. In this case, the altcoin may rally towards $0.0071.
Disclaimer
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