The post Exploring Hottest New Coins: PRAWN, CHAOS, and TETSUO appeared on BitcoinEthereumNews.com.

Among the numerous coin launches this week, two on Solana and one on Base have captured notable attention. PRAWN leads with a $25 million market cap and 92,000 daily transactions. CHAOS sustains a $16 million valuation despite recent volatility. Meanwhile, TETSUO has gained momentum with 12,000 holders and $5.8 million in daily volume. All three coins demonstrate promising growth potential based on technical indicators. Pepe The King Prawn (PRAWN) PRAWN, a recently launched Solana-based meme coin, has quickly gained traction in the cryptocurrency market, achieving a $25 million market capitalization in less than 48 hours. The coin has demonstrated remarkable community engagement, attracting over 10,000 holders and generating approximately 92,000 daily transactions. PRAWN Price Chart and Market Data. Source: Dexscreener PRAWN current RSI (Relative Strength Index) reading of 40 indicates that it is neither overbought nor oversold. This could leave room for potential upward movement. This neutral RSI position suggests that PRAWN could maintain its momentum and potentially double its market capitalization to $50 million. CHAOS CHAOS, a new meme coin on Base, has quickly established a significant presence since its launch four days ago. It has accumulated over 10,000 holders and maintained a steady flow of more than 6,700 daily transactions. Despite its current market capitalization of $16 million, the coin has experienced a recent 13.5% decline in the last 24 hours. CHAOS Price Chart and Market Data. Source: Dexscreener CHAOS RSI reading of 56, positioned in the middle range, combined with the recent price correction, suggests that CHAOS may be finding its equilibrium after initial trading volatility. This technical setup, along with its proven ability to reach a $30 million market cap just two days ago, indicates potential for a recovery. The recent pullback could be providing an entry opportunity for traders who missed the initial surge. Tetsuo…

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Filed under: News - @ December 6, 2024 9:18 pm