The total cryptocurrency market capitalization remains steady above $3 trillion, but the list of trending altcoins continues to evolve. According to CoinGecko, today’s standout cryptocurrencies owe their place to significant price movements and, in some cases, major exchange listings. Crypto analyst Victor Olanrewaju takes a closer look at three trending altcoin projects.
1. Mode (MODE): A Promising Layer-2 Token
Mode is a Layer-2 project built using Optimism’s OP Stack. Its native token, MODE, entered the market in January and has recently garnered significant attention. Over the past 24 hours, its trading volume surged to $700,000, while its price stabilized at $0.13.
Despite this plateau, MODE’s daily chart indicates that it has broken out of a descending triangle, signaling a reduction in bearish sentiment. If this trend continues, MODE’s value could climb to $0.27. However, if it drops below the triangle’s support line, its value could decline to $0.0090.
2. Chill Guy (CHILLGUY): The Meme Coin Making Waves
Chill Guy (CHILLGUY) has risen in popularity, thanks to its significant price movements. This meme coin saw a 70% increase in a single day, pushing its market capitalization beyond $400 million. At the time of writing, CHILLGUY is trading at $0.40. Its trading volume indicates potential for further upward movement, possibly reaching $0.50. However, if holders decide to take profits, the token might experience a sharp correction.
3. Slerf (SLERF): Binance’s Latest Listing
Slerf, a Solana-based meme coin, is trending due to Binance’s announcement of its inclusion in the futures market. Following this news, SLERF’s price surged by 40%, now trading around $0.41. With the Money Flow Index (MFI) showing strong momentum, the token could climb to its recent peak of $0.48. However, if holders take profits, the price may retreat to $0.30.
