The post Altcoins Trending Today: XYO, MOVE, and JUP appeared on BitcoinEthereumNews.com.

The cryptocurrency market has extended its decline, with the total market capitalization dropping by another 1% today.  Amid this decline, certain altcoins — XYO Network (XYO), Movement (MOVE), and Jupiter (JUP) — have managed to attract attention for various reasons. Here is a look at these top trending cryptocurrencies today. XYO Network (XYO) XYO powers XYO Network, a decentralized location data network. The 33% spike in value has made it a trending asset today. At press time, it trades at $0.021. XYO’s double-digit rally over the past 24 hours is driven by Tuesday’s launch of its XYO Layer One blockchain network. The hype around blockchain’s launch has led to a surge in the demand for XYO, evidenced by the 1138% hike in its trading volume. XYO Price Analysis. Source: TradingView If demand gains more momentum, it could drive XYO’s price past the resistance at $0.024 and toward $0.029. On the other hand, if selling activity resumes, the token’s price could fall to $0.019. Movement (MOVE) MOVE is another altcoin trending today. It currently trades at $0.81, up 12% over the past 24 hours. This surge comes after the Trump family-backed DeFi platform, World Liberty Financial, purchased $2 million worth of MOVE tokens on Tuesday. Additionally, market speculation has intensified following a now-disclaimed rumor suggesting that Movement was among the blockchain networks in talks with the Elon Musk-led Department of Government Efficiency (DOGE). MOVE Price Analysis. Source: TradingView If this uptrend persists, MOVE’s price could break above $0.87 to trade at $1.08. However, a resurgence in profit-taking activity would drive MOVE’s value down to $0.71. Jupiter (JUP) JUP trades at $1.11 at press time, recording a 7% decline over the past 24 hours. Its negative Balance of Power (BoP) of -0.14 confirms the surge in selling pressure.  This indicator measures the…

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Filed under: News - @ January 29, 2025 12:25 pm