Goat, Klaus, KOALA AI Lead
A number of noteworthy cryptocurrencies are getting a significant boost in today's trending altcoins list. This increase can be attributed to improved investor sentiment and reduced selling pressure.
Using data from CoinGecko, BeInCrypto highlights the top trending altcoins, factors influencing their popularity and what might come next. The three top trending altcoins on October 21st are KOALA AI (KOKO), KLAUS (KLAUS) and Goatseus Maximus (GOAT).
koala (blood)
KOALA AI, a project that combines the humor of meme coins with the power of artificial intelligence (AI), is the forerunner of today's trending altcoins. Inspired by the frog-themed meme coin Pepe (PEPE), KOALA AI has become increasingly bullish around the narrative of an AI + meme coin that has been dominating the market since last week.
As a result, KOKO's price has increased by 70% in the last 24 hours, currently trading at $0.0000055. According to the daily chart, the Relative Strength Index (RSI) reading has crossed the overbought level, which is usually above 70.00.
It is also the same as the Money Flow Index (MFI), the reading of which is above 80.00. While these positions indicate strong buying pressure, they also indicate that profitability may begin soon.
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If that happens, KOKO may lose its place as one of the trending altcoins today. If so, the price may drop to $0.0000047. However, if the bulls continue the push, the price of the altcoin may rise and break above $0.0000060.
Klaus
Next on the list is KLAUS, which is a cryptocurrency with a meme coin narrative behind it. KLAUS is a trending altcoin today as its price has increased by 565% in the last seven days.
As of this writing, the price of KLAUS is $0.040. On the hourly chart, the altcoin is facing profit resistance at $0.045, which is one reason why KLAUS price may continue to struggle in the short term.
Given the current technical setup, the price of the cryptocurrency may drop to $0.030. But traders interested in this altcoin should be careful. If KLAUS breaks through the above resistance, this forecast may be rejected, and the token may rise to $0.056.
Gothes Maximus (Goth)
Goatseus Maximus appears to be the frontrunner for the AI + meme coin narrative taking place in the market. This is because Truth Terminal is one of the altcoins that recently made millionaire AI to reach that level.
However, the price of GOAT recently dropped by 50%. This follows reports that the truth terminal is manned, leading to its inclusion in today's trending altcoins.
Despite the initial drop and the FUD surrounding it, Lookonchain reports that a whaler has amassed another $2 million worth of goats. Currently, the same whale that was found using 7.14 million dollars will fetch 21.39 million.
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Following this development, the price of GOAT increased again and currently sits at $0.40. However, if large accumulation continues, the price of the altcoin may increase to $0.58 in a short period of time.
On the contrary, if Crypto Wells starts to sell as much as one, this prediction may not come true. Instead, the price of GOAT could drop to $0.29.
Disclaimer
In accordance with Trust Project guidelines, this price analysis article is for informational purposes only and should not be construed as financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always do your own research and consult with a professional before making any financial decisions. Please note that our terms and conditions, privacy policies and disclaimers have been updated.
