16 hours ago
11
Cryptocurrencies exhibited mixed signals on Thursday as Bitcoin struggled around the $95,000 mark.
While sellers threatened continued dips, MOON DENG, PENGU, and Ripple’s XRP had optimistic updates for their communities. Let us find out more.
MOODENG explodes in gloomy markets
Digital assets traded in red today as the global cryptocurrency market cap plummeted 3.10% in the past 24 hours to $3.33 trillion.
While altcoins appeared to suffer the most, with Ethereum, Solana, and DOGE losing up to 7% on their daily charts, MOODENG exploded to record peaks.
The hippo-themed digital coin traded at $0.0002088 after brief dips from its daily peak.
Chart by CoinmarketcapIts trading volume has jumped by over 1000% to surpass $50 million, reflecting massive trader interest driving MOODENG’s performance.
Meanwhile, the staggering gains followed news of Ethereum co-founder donating approximately $300K to nurture baby hippo.
PENGU overtakes Dogwifhat in market capitalization
Pudgy Penguins has displayed impressive performance lately, establishing itself among the top meme tokens on the Solana ecosystem.
The past 24 hours saw PENGU’s price hitting new peaks.
The bullish performance propelled the altcoin’s market cap to $2.35 billion, Dogwifhat’s $2.01 billion.
Chart by CoinmarketcapPENGU trades at $0.3730, with slight declines from daily highs demonstrating buyer exhaustion after robust gains.
The rise in ranks demonstrates PENGU’s surging popularity within the meme crypto world.
That reflects new investors joining Pudgy Penguins or speculative trading.
Notably, PENGU’s recent performance displays enthusiasm about its future potential in use cases and adoption.
Such trends could welcome further price growth in the upcoming sessions.
A technical outlook supports more uptrends for PENGU.
It exhibits a bullish bias after a descending triangle breakout.
The formation signals possible uptrends after consolidation, which could propel PENGU to further highs.
Bullish moves will target $0.044 before soaring toward the resistance at $0.0541. That would mean a 45% increase from current prices.
However, broad market sentiments remain vital in determining PENGU’s performance in the upcoming times.
XRP presents the best Q4 in 7 years
Historical data from CryptoRank shows that Q4 2024 is officially XRP’s best quarter in the past seven years.
The remittance token gained 255% within the past three months, an impressive performance not seen since 2017.
Source – CryptorankFurther details show XRP surged over 1,000% this year, with December witnessing most of these gains.
The alt traded at $2.18, reflecting the prevailing selling pressure in the crypto space.
XRP lost nearly 5% on its daily chart and signals more near-term struggles before recoveries.
Broad market rallies following Trump’s election victory triggered XRP’s gains over the past few weeks.
Experts anticipate friendly regulations from the incoming pro-cryptocurrency US leadership.
Unlike the Biden administration, Donald Trump has promised to support crypto.
The narrative supports speculations that the Ripple vs. SEC battle could end in early next year.
The post Altcoins wrap: MOODENG bulls dominate, PENGU flips WIF, XRP’s best Q4 in 7 years appeared first on Invezz
English (US) ·