Trending Cryptocurrencies for December 22, 2024: HIVE, USACOIN, PNUT, BTTC, and FTT

This week’s list of trending cryptocurrencies features some new entrants. This is occurring while the crypto market is experiencing turbulence, as Bitcoin crashed below the 100K threshold. This appears to be a contributing factor to the displacement of more prominent coins from this list. Let’s take a closer look at each of the featured cryptos below.

Hive (HIVE)

Major Bias: Bullish

Topping this week’s list of trending cryptocurrencies is the Hive coin. At the time of writing, the coin has seen a price increase of 44.33% in today’s trading activity, while it experienced an overall price increase of 12.54% over the past seven days. As of this writing, the coin has a market cap of $175.45M and a trading volume of $754.85M. This seems impressive based on the available metrics.

The price chart reveals that this market experienced a significant price surge in today’s trading activity. This pushed the price of the token to hit the $0.4000 threshold level. The market, however, contracted downwards later in the session. Yet, the token’s price remains above all the Moving Average (MA) lines and the Stochastic Relative Strength Index (RSI) lines. Consequently, this suggests some optimism that the market may progress towards the $0.4000 threshold level subsequently.

Current Price: $0.3558

Market Capitalization: $175.45M

Trading Volume: $754.85M 7-

Day Gain/Loss: 12.54%

USAcoin (USACOIN)

Major Bias: Bearish

Second on this week’s list of trending cryptocurrencies is USAcoin. This coin, at the time of writing, has experienced a price reduction of 39.13% and an overall price reduction of 39.13% over the past 7 days. In addition, it has a self-reported market cap of $2.90M and a trading volume of $15.42M.

The available price chart provides limited information about price movement as it is a line graph. Nevertheless, the trend can still be visualized through the graph to determine the direction of price action. The available line graph shows that price action is on a steady decline. The terminal part of the drawn graph now has a red color, indicating that downward forces are prevailing in this market. Therefore, traders should brace for impact at the $0.1250 threshold.

Current Price: $0.1300

Market Capitalization: $2.90M

Trading Volume: $15.42M

7-Day Gain/Loss: 39.13%

Peanut the Squirrel (PNUT)

Major Bias: Bullish

In the third position is the PNUT coin. This token has seen a price increase of 19.69% so far in today’s trading activity. Also, the coin saw a price decline of 36.70% over the past 7 days. Furthermore, the token boasts a market cap of $734.33M and a trading volume of $716.53M as of the time of writing.

The price chart indicates that price action here has been falling to lower supports in previous sessions. However, the last price candle has rebounded upwards while just above the $0.5000 psychological support level. Nevertheless, price action remains below the 21-day MA curve on the chart. However, the Stochastic RSI lines are lifting from the oversold region. Technically, this indicates that price action is gaining bullish momentum. Although price action remains at a considerable distance below the MA line, suggesting that upside forces are facing an uphill task, there isn’t a strong conviction that the market may soon hit the $1.00 mark shortly.

Current Price: $0.7434

Market Capitalization: $734.33M

Trading Volume: $716.53M

7-Day Gain/Loss: 19.69%

BitTorrent (BTTC)

Major Bias: Bullish

Moving on is the BTTC token, occupying the fourth spot on this week’s list of trending cryptocurrencies. This token today has so far seen a price increase of just 6.44% and a price decline of 14.37% over the past seven days. Be that as it may, this crypto has a market cap of $1.1B and a trading volume of $77.44M. This seems strange for a coin with such a large market cap.

The last price candle on the BTTC token’s chart reveals that price action had rebounded off the support at the 100-day MA lines. The rebound was considerable, which aided a downward rebound off the 50-day MA curve via a downward contraction in the session. As a result, the Stochastic RSI line can be seen retaining an upward trajectory from the oversold region of the indicator. Therefore, traders can remain optimistic towards the $0.000001200.

Current Price: $0.000001130

Market Capitalization: $1.1B

Trading Volume: $77.44M

7-Day Gain/Loss: 6.44%

FTX Token (FTT)

Major Bias: Bullish

And last but not least on this week’s list of trending cryptocurrencies is the FTX Token. The coin has recorded a price increase of 8.67%, while it only saw a price increase of just 7.25% over the past seven days. Also, it has a market cap of $960M and a trading volume of $49.90M.

The price action on the token’s daily price chart shows that the market has been on a steady upward path. The last price candle on the chart has its upper shadow piercing through the 20-day MA line. However, the last price candle places the price of the token just below the 20-day MA line. Likewise, the Stochastic RSI lines retain an upward trajectory. The lead line is already past the 20 level of the indicator. Technically, this is consistent with the appearance of the last price candle on the chart, suggesting that the market may progress through the $3.00 price level soon.

Current Price: $2.927

Market Capitalization: $960M

Trading Volume: $49.90M

7-Day Gain/Loss: 7.25%

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