Trending Coins for February 8, 2025: BTC, $YE, UXLINK, ETH, and XRP

A new mix of coins has emerged in the spotlight within the cryptocurrency world. Consequently, this week’s list of trending coins features a completely different set from last week’s. King BTC leads the pack, securing the top spot in this week’s ranking of trending cryptocurrencies. Meanwhile, in the third position is the Kanye West token. Without further delay, let’s examine each of these tokens sequentially.

Bitcoin (BTC)

Major Bias: Bearish

Despite the ongoing dip in BTC’s price action, it has maintained its rightful spot on this week’s list of trending coins. Bitcoin has recorded a 1.60% price decline over the past 24 hours and a 5.9% decline over the past seven days. It also has a market capitalization of $1.91 trillion and a trading volume of $50.84 billion.

On the BTC daily chart, price action has recorded a minimal downward retracement today, as portrayed by the last price candle on the chart. However, BTC is still standing above the $96,000 threshold.

As a result, price activity remains above the longer-term Moving Average (MA) lines, providing some buoyancy above key price levels. Meanwhile, the Stochastic Relative Strength Index (RSI) lines are already in the oversold region. Additionally, the RSI curves are converging for a crossover, hinting at a potential upside rebound from the $96,000 price level toward the $98,000 mark.

Current Price: $96,161

Market Capitalization: $1.91T

Trading Volume: $50.84B

7-Day Gain/Loss: -5.9%

Kanye West ($YE)

Major Bias: Bearish

The Kanye West token takes the second spot on this week’s list of trending coins. This is justified, as the token has surged by 186% in the past 24 hours and by the same magnitude over the past seven days. Meanwhile, the token has a self-reported market cap of $552,512 and a trading volume of $436,282.

The line graph chart for this token indicates strong bullish momentum, as reflected in the indicator’s color. However, the latter part of the chart shows a sharp dip, with the line turning red to indicate a price decline. Despite this, given the ongoing battle between buyers and sellers, the price may fall lower to the $0.0000000000001700 level.

Current Price: $0.0000000000001882

Market Capitalization: $552,512

Trading Volume: $436,282

7-Day Gain/Loss: +186%

UXLINK

Major Bias: Bearish

The third token on this list of trending coins is UXLINK. As of this writing, the token has recorded a 13.85% price increase over the past 24 hours but has declined by 2.75% over the past seven days. Additionally, it has a market capitalization of $258.75 million and a trading volume of $449.06 million.

The last two price candles on the chart indicate that this market has been rebounding. The corresponding price candle for the ongoing session has just placed the token above the 20-day and 200-day MA lines.

Furthermore, since the market has been moving upward since the previous session, the Stochastic RSI lines confirm this trend, continuing to rise. Additionally, the behavior of the indicator lines suggests that volatility is significant and may propel the market further. Therefore, price action here seems poised to breach the $1.00 price level.

Current Price: $1.095

Market Capitalization: $258.75M

Trading Volume: $449.06M

7-Day Gain/Loss: -2.75%

Ethereum (ETH)

Major Bias: Bearish

In the fourth position on this week’s list of trending coins is Ethereum. Despite its popularity, ETH remains bearish, as it has recorded a 4.94% price decline in the past 24 hours and a 20.24% decline over the past seven days. It has a market capitalization of $314.37 billion and a trading volume of $29.14 billion.

Bearish momentum remains intact in this market. Although Ethereum has gained enough attention to make it onto this week’s list of trending coins, price action on the daily chart has fallen below all the MA curves. Furthermore, the ongoing session is positioned just above the 71.60 Fibonacci retracement level. While the last price candle appears significantly compressed, it is still green. However, both the MA and Stochastic RSI lines suggest that headwinds favor bearish momentum. Nonetheless, traders may anticipate an upward rebound of the $2,600 or $2,500 price levels.

Current Price: $2,625

Market Capitalization: $314.37B

Trading Volume: $29.14B

7-Day Gain/Loss: -20.24%

XRP

Major Bias: Bullish

Last but not least on this week’s list of trending coins is XRP. In recent times, this token has attracted significant attention as traders speculate about a potential price surge. Nevertheless, XRP has seen only a minimal 0.50% price increase in the past 24 hours, alongside a 19.76% decline over the past seven days. It has a market capitalization of $138.05 billion and a trading volume of $8.04 billion.

The XRP daily chart reveals a sudden market explosion. However, recent price candles have shown only minimal gains, even during the ongoing session. Price action remains below the 20-day and 50-day MA lines but above the 100-day and 200-day MA lines. Likewise, the Stochastic RSI lines are in the oversold region but are steadily rising. Technically, this suggests that price action may soon breach the $2.50 mark, potentially followed by a breakout above the $3.00 level.

Current Price: $2.50

Market Capitalization: $138.05B

Trading Volume: $8.04B

7-Day Gain/Loss: -19.76%

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