US President Donald Trump’s newly launched cryptocurrency, TRUMP, has shown flawless performance since its inception. The price of the memecoin skyrocketed, allowing it to reach an all-time high of over $73.
However, it fell victim to a correction during the past 24 hours, as its price fell by 44%. While Trump faces major volatility, a few cryptocurrencies show growth potential. So, let’s take a look at Best cryptocurrencies to buy In the current market situation.
As the market situation turns bearish, Solana price It was also affected as it dropped by almost 10% in just the last 24 hours. Although this may seem alarming at first glance, there is more to the story. At the time of writing, SOL is testing a critical support level. If the bulls can make a successful test, SOL could turn bullish again and move towards the $260 mark. However, given the unpredictability of the market, if the downward movement continues to take hold, the value of SOL could fall to $212.
While cryptocurrencies like TRUMP are in the spotlight, many other utility-based cryptocurrencies are preparing their foundations. One of them is picamon (pica)— It is an emerging alternative currency, which has huge potential in terms of its price growth in the future. This was the case due to the features and benefits that the platform provides to its users and investors.
To give background, one of the most advanced GameFi metaverses in the world is created by Pikamoon. The platform prioritizes 3D graphics, artwork, and gameplay in order to achieve this. Pikamoon also offers several benefits within its NFT ecosystem. Pikamoon NFT holders have exclusive access to custom Dreva Metaverse experiences and competitive esports venues.
In fact, the token has already gained upward momentum as its price has risen by 9% in the past 24 hours. After this pump, the token was trading at $0.0003927 with a market capitalization of over $6.8 million.
In addition, PIKA’s Chaikin Money Flow (CMF) registered a slight increase – a sign of rising buying pressure. Whenever buying activity rises, it indicates a potential price rise, which could push PIKA towards $0.0004 in the short term.
It was interesting to note that unlike Trump, TRON bulls continued to maintain an upper hand in the market. To be precise, TRX was the only cryptocurrency in the top 10 list, which had a green daily chart.
Moreover, the technical indicator MACD showed the possibility of a golden crossover, which also indicates that investors may see the price of TRX moving upward. In the near term, Tron price It may have a local high and low of $2.9 and $2.1 respectively. If this turns out to be true, MTL could surprise investors with massive gains in the future.
Mantle (MTL) is another cryptocurrency that is showing promise through its bullish price action. To be precise, Mantle’s price has risen by 5% in the past 24 hours. The good news is that the token’s buy/sell ratio has started to increase again after a decline in the 4-hour time frame, according to Coinglass. Data. The rise in the metric meant that long positions were increasing in the market – reflecting rising bullish sentiment.
To sum things up
The cryptocurrency market is known for its high volatility and unpredictable nature. This was proven once again by Trump’s recent meteoric correction, which was mostly driven by market sentiment.
While memecoin has become a hot topic of discussion in the community, cryptocurrencies like Pikamoon (PIKA) are slowly paving the way to disrupt the market. Hence, investors should keep an eye on the price of PIKA, as it is likely to rise soon.
To learn more about Pikamoon (PIKA), visit the official website.
Dipayan Mitra
Dipayan is a full-time journalist and editor working in the Web3 space. He has more than 4 years of experience in the media field. Dipayan, a journalism graduate, has a keen interest in keeping up with the latest developments in the cryptocurrency space. Technical analysis and evaluating market trends is what he specializes in. His work has been featured on popular cryptocurrency platforms such as AMBCrypto.
Disclaimer: The provided content may include the personal opinion of the author and is subject to the market situation. Conduct market research before investing in cryptocurrencies. The author or publication does not accept any responsibility for your personal financial loss.
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