The post What Are the Top Trending Cryptocurrencies Today? appeared on BitcoinEthereumNews.com.

This month started on a quiet note for the crypto market, as Bitcoin (BTC) and several altcoins continued to move sideways. As of this writing, some of these altcoins are among the trending cryptocurrencies today. According to CoinGecko, two of the top three trending altcoins registered notable upticks. However, the other one fell by double digits in the last 24 hours. They include Grass (GRASS), Ethervista (VISTA), and MAGA (TRUMP). Grass (GRASS) Grass is among the top trending cryptocurrencies today, largely due to its price performance. Over the last 24 hours, GRASS’s price has increased by 17.80% and currently trades at $1.61. This is contrary to yesterday’s price action, which saw it drop by 24%. On the 4-hour chart, the Balance of Power (BoP) reading has significantly increased. This price-based indicator evaluates the overall strength of buyers and sellers in the market. When the reading falls, it means sellers are dominant. But in this case, the BoP surged, indicating that buyers’ strength has outpaced those selling. Should this continue, then GRASS’ price could climb as high as $1.96.  Read more: What Are Altcoins? A Guide to Alternative Cryptocurrencies Grass 4-Hour Analysis. Source: TradingView On the flip side, a rise in selling pressure could invalidate this thesis. In that scenario, GRASS could drop to 1.17. Ethervista (VISTA) Unlike GRASS, VISTA is not trending because of a notable hike like it did last week. Instead, the token of the token deployment platform Ethevista is part of the trending altcoins today due to a notable sell-off. Within the last 24 hours, VISTA’s price has decreased by 22%, bringing the performance within the last two days to a 43.30% drop. Besides the sell-off, the decline of altcoin could be attributed to the waning user activity on the platform.  Ethervista Daily Analysis. Source: TradingView Despite the price…

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Filed under: News - @ November 4, 2024 11:27 am