Bitcoin, the most popular cryptocurrency, struggled to hold around $95,000 on Thursday.
While some sellers warned of continued declines, Ripple, Moon Deng, PENGU and Ripple XRP provided optimistic updates to their respective communities. Find out more.
MOODENG on the rise in dark markets
Today, digital assets are trading in red as the cryptocurrency market capitalization has dropped 3.10% over the last 24 hours. It now stands at $3.33 trillion.
MOODENG reached new heights, while altcoins suffered the worst. Ethereum, Solana and DOGE lost up to 7 percent on their charts.
After a few brief drops from its peak, the hippo themed digital coin was trading at $0.0002088.
MOODENG has seen its trading volume increase by more than 1000%, surpassing $50 million. This is a reflection of the massive interest from traders that drives MOODENG’s performance.
The news that the co-founder of Ethereum donated approximately $300K for the care of a baby hippo triggered a surge in gains.
PENGU surpasses Dogwifhat as a market leader
Pudgy Penguins is a meme token that has been performing well recently, and it’s now one of the most popular ones on the Solana eco-system.
In the past 24 hours, PENGU has seen its price reach new peaks.
Dogwifhat, with a market capitalization of $2.01 billion, was surpassed by Dogcoin due to its bullish performance.
PENGU is trading at $0.3730. The slight drop from the daily highs indicates buyer fatigue after strong gains.
This rise is a testament to PENGU’s growing popularity in the meme-crypto world.
This is due to new investors who have joined Pudgy Penguins, or trading speculatively.
Notably, PENGU’s recent performance demonstrates enthusiasm for its future potential use cases and adoption.
These trends may encourage further growth of prices in future sessions.
Technically, PENGU is expected to continue on its upward trend.
After a breakout of a triangle descending, it shows a bullish tendency.
This formation could lead to PENGU reaching new heights.
The bullish move will aim for $0.044 and then soar towards the resistance of $0.0541. This would be a 45 percent increase over current prices.
PENGU will continue to perform well in future times, but the broad sentiment of the market is still important.
XRP has the strongest Q4 since 2007.
CryptoRank’s historical data shows that the fourth quarter of 2024 will be XRP’s most successful quarter over the last seven years.
In the last three months, remittances tokens have gained 255%. This is an incredible performance that has not been seen since 2017.
Further information shows that XRP has soared by over 1,000% in this year. The majority of the gains were made during December.
Alt traded at $2.18 reflecting the current selling pressure on the crypto market.
XRP has lost almost 5% of its value on the daily chart, and this indicates more short-term problems before a recovery.
XRP has gained in recent weeks due to the broad market rallys that followed Trump’s victory.
The new US administration is expected to adopt friendly crypto-currency regulations.
Donald Trump, unlike the Biden Administration, has pledged to support cryptocurrency.
This narrative confirms the speculation that Ripple and SEC could be at a standoff until early next year.
This post Altcoins Wrap: MOODENG Bulls Dominate, PENGU Flips WIF and XRP’s Best Q4 In 7 Years may change as new information becomes available.
