What Are the Top Trending Altcoins Today? November 1
The post What Are the Top Trending Altcoins Today? November 1 appeared on BitcoinEthereumNews.com.
As November begins, many crypto investors are optimistic that the month will bring positive developments. Given this sentiment, it’s crucial to monitor the top trending altcoins in the market. According to CoinGecko, the leading altcoins trending today include Ethervista (VISTA), Grass (GRASS), and Goatseus Maximus (GOAT). This analysis also reveals why these three cryptos are at the top of the trend table. Ethervista (VISTA) VISTA, the native token of decentralized exchange on the Ethereum blockchain Ethervista, is one of the top trending altcoins due to its massive price increase. Over the last seven days, VISTA’s price has increased by 560%, driven by a surge in on-chain activity. According to Dune Analytics, this notable increase could also be linked to the surge in tokens burned and the increasing number of holders. For instance, in mid-October, the number of VISTA holders was less than 8,000. As of now, that figure has surpassed 10,000. Additionally, VISTA has burned 3.73% of its total supply, increasing its scarcity and potential value. Ethervista Holder Count and Burned Supply. Source: Dune Currently, VISTA’s price is $47.38. On the daily chart, the Relative Strength Index (RSI) reading has increased but is also overbought, having surpassed 70.00. However, the technical setup shows that despite the overbought status, VISTA’s price might not retrace as there is no major resistance ahead. If this remains the same, the altcoin’s value might climb to the highest point of the wick, which is $57.25. Read more: What Are Altcoins? A Guide to Alternative Cryptocurrencies Ethervista Daily Analysis. Source: TradingView On the flip side, if profit-taking rises, the crypto’s value might pull back. In that scenario, it could drop to $37.06. Grass (GRASS) For most of the week, the DePIN project Grass has consistently made the list of trending altcoins. Its strong performance since its launch…
Filed under: News - @ November 1, 2024 10:27 am