Why These Altcoins
Are Trending
Today —
November 27
In the past 24 hours, several cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта have made attempts to recover
from recent losses, driving renewed interest in certain altcoins. Among the
top trending altcoins today is a newly launched asset whose project recently
introduced its Mainnet altcoin and has quickly gained traction in the market
Notably, the other two, according to CoinGecko, include a popular altcoin with
a lot of market interest and a privacy-based cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта.
Vector Smart Gas (VSG)
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Vector Smart Gas is a recently launched layer-1 network on the Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum
blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн that focuses on decentralized Finance ( DeFi ) and Real-World Asset
(RWAs) tokenization . Its native token, VSG, is one of the altcoins trending
today, mainly because of its price increase.
In the last 24 hours, VSG’s price has increased by 49% and cumulatively 550%
in the last seven days. This development could also be linked to the notion
that the token is trending on TikTok— making demand higher.
At press time, VSG’s price is $0.0044. Furthermore, the daily chart shows that
the Moving Average Convergence Divergence (MACD) is positive, indicating that
the momentum around the altcoin has remained bullish. Vector Smart Gas Daily
Analysis. Source: TradingView
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Should this remain the case, then VSG’s price might climb much higher.
However, if momentum becomes bearish, that might not happen. Instead, the
altcoin’s value could decline to the $0.0018 support.
Tornado Cash (TORN)
As mentioned above, Tornado Cash is a privacy-focused cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта that is
part of the trending altcoins today. But besides that, Tornado Cash scored a
very huge victory after a US appeal court ruled against the Treasury
Department.
As a result, TORN’s price climbed by 396% in the last 24 hours. As of this
writing, it is $17.86. According to the daily chart, the volume around the
cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта has also surged, suggesting widespread interest in the token.
As long as the volume increases, the altcoin’s price could climb as high as
$39.41. However, if the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта holders take profits, this could
change, and the altcoin might drop to $12.24. Tornado Cash Daily Analysis.
Source: TradingView
Solana (SOL)
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Last on the list is Solana , one of the best-performing altcoins of the last
year. However, unlike TORN and VSG, SOL is not trending because its price has
increased. In fact, the token’s value has hovered around $235 within the last
24 hours.
On the daily chart, the Parabolic Stop And Reverse (SAR) indicator has risen
above SOL’s price. The Parabolic SAR is a technical indicator that spots
support and resistance.
When the price is above the indicators, there is strong support, and the price
can increase. But since it is below it, Solana’s price faces resistance.
Should that remain the case, then SOL could drop to $219.63. Solana Daily
Analysis. Source: TradingView
On the other hand, if the altcoin sees a rise in buying pressure, the trend
might reverse. In that case, SOL could rise to $264.33.
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