Which Are the Trending Altcoins Today? November 27
Over the past 24 hours, multiple cryptocurrencies have attempted to recover from recent losses, leading to renewed interest in certain altcoins. One of the hottest altcoins today is a newly launched asset whose project recently launched its mainnet altcoin and is quickly gaining traction in the market
Notably, the other two include a popular altcoin with significant market interest and a privacy-based cryptocurrency, according to CoinGecko.
Vector Smart Gas (VSG)
Vector Smart Gas is a recently launched first-layer network on the Ethereum blockchain focused on decentralized finance (Decentralized Finance) and Real World Assets (RWA) Tokenization. Its native token VSG is one of the popular altcoins today, mainly due to its rising price.
The price of VSG has increased by 49% in the past 24 hours, and has increased by 550% in the past 7 days. This development can also be linked The notion that the token is popular on TikTok — makes demand even higher.
At press time, the price of VSG was $0.0044. Additionally, the daily chart shows that the Moving Average Convergence Divergence (MACD) is positive, indicating that the momentum surrounding the altcoin remains bullish.
If this continues, the price of VSG could rise significantly. However, this may not happen if momentum turns bearish. Conversely, the altcoin’s value may drop towards the $0.0018 support level.
Tornado Cash (TORN)
As mentioned above, Tornado Cash is a privacy-focused cryptocurrency that is part of today’s popular altcoins. But other than that, Tornado Cash scores very high huge victory after a U.S. appeals court ruled against the Treasury Department.
As a result, the price of TORN increased by 396% in the past 24 hours. As of this writing, the price is $17.86. The cryptocurrency’s trading volume has also surged, according to the daily chart, indicating widespread interest in the coin.
As long as the volume increases, Altcoin Prices It could climb to $39.41. However, this could change if cryptocurrency holders take profits and the altcoin could drop to $12.24.
Solana(Sun)
The last one in the list is Solanaone of the best-performing altcoins last year. However, with tear and VSG, Sol It has not become a trend because its price has increased. In fact, The value of the token hovers About $235 in the last 24 hours.
On the daily chart, the Parabolic Stop Reversal (SAR) indicator has moved above SOL price. Parabolic SAR is a technical indicator that indicates support and resistance levels.
When the price is higher than the indicator, there is strong support and the price can rise. But below that level, Solana’s price faces resistance. If this continues, SOL could drop to $219.63.
On the other hand, if altcoin buying pressure increases, the trend may reverse. In that case, SOL may rise to $264.33.
Disclaimer
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