Why These Altcoins Are Trending Today — December 31

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As a seasoned researcher with over two decades of experience in the dynamic world of cryptocurrencies, I must say that the last day of 2024 has been nothing short of exhilarating. The performances of altcoins like FTX Token (FTT), PEPE, and Virtuals Protocol (VIRTUAL) have caught my attention and left me intrigued.

FTX Token’s resurgence, driven by the news surrounding its former CEO Sam Bankman-Fried, is reminiscent of the wild west days of crypto, where a single figure can shape an entire market. The potential for pardons and reduced sentences for key figures always adds an interesting twist to the narrative.

PEPE’s meteoric rise over the past year has been nothing short of astonishing. I remember when meme coins were just a blip on the radar, and now they have become a significant force in the market. The potential for PEPE to reach new highs before the year-end is quite exciting, especially considering its humble beginnings as a joke coin.

Virtuals Protocol’s impressive rally, becoming the largest AI-focused cryptocurrency, underscores the growing importance of artificial intelligence in the crypto space. As someone who has witnessed the evolution of AI from a distant observer to a central player, it’s fascinating to see how it’s shaping the future of digital assets.

However, as always, I must remind myself and others that the world of cryptocurrencies is unpredictable. Just when you think you have it all figured out, the market can turn on its head in an instant. As I sit here, closing another year in this exciting industry, I can’t help but wonder what surprises 2025 will bring.

To lighten the mood, let me leave you with a little joke: Why don’t cryptocurrencies ever get lost? Because they always find their way back to the blockchain! Happy New Year!

On New Year’s Eve in 2024, digital currencies such as FTX Token (FTT), PEPE, and Virtuals Protocol (VIRTUAL) are generating buzz. The surge of FTT is over 7% within the past day, fueled by recent developments concerning its previous CEO, Sam Bankman-Fried.

Currently, PEPE has experienced a staggering growth of approximately 1400% over the past year, with investors anticipating a closing price above $0.00002 by the end of this year. On the other hand, VIRTUAL, the leading cryptocurrency in AI technology, is maintaining its upward momentum, having increased by around 150% over the last month, as it takes advantage of the ongoing surge in AI agent popularity.

FTX Token (FTT)

Over the last few days, FTX has once again grabbed attention due to some major updates. There are rumors that Sam Bankman-Fried, the ex-CEO and founder of FTX, might be in line for a presidential pardon. At the same time, Ryan Salame, a former executive at FTX, has seen his prison term shortened by a year.

At present, FTX has seen a rise of more than 7% in the past 24 hours, indicating optimistic feelings sparked by recent news. If the token successfully surpasses its current resistance at $3.87, it might open up opportunities for an additional surge towards $4.18.

Based on my trading journey spanning over a decade, I have learned to always stay vigilant and adaptable when it comes to market movements. In this particular scenario, if I see the current uptrend starting to falter, I would carefully watch for potential support at $3.55. If that level fails to hold, it might signal a drop towards $3.32 – a price point I’ve learned from past experiences can be quite influential in shaping future trends. It’s crucial to keep an eye on such key levels when navigating the volatile world of trading.

PEPE

PEPE has seen an unprecedented surge in value, increasing by almost 14 times its price over the last year. It currently ranks as the third-largest meme-based cryptocurrency on the market. With a market capitalization of around $8 billion, PEPE is second only to Shiba Inu and Dogecoin in terms of popularity within the meme coin sector.

As a seasoned cryptocurrency trader with over a decade of experience under my belt, I have learned to read market trends like a book. In my eyes, PEPE has shown promising signs of growth in the past 24 hours, surging more than 7%. With my keen insight and understanding of the crypto world, I believe that this token could potentially close the year above $0.00002 if the current momentum holds.

If we delve deeper into the charts, we can see possible resistance levels at $0.0000216 and $0.0000226. If PEPE manages to break through these levels, it could test even higher resistances at $0.0000247. As someone who has seen numerous cryptocurrencies rise and fall throughout the years, I must admit that this token’s potential is quite intriguing.

However, as with any investment, there are always risks involved. It is essential to conduct thorough research and make informed decisions when investing in PEPE or any other cryptocurrency. Keep a close eye on market trends, news, and developments related to the project, and never invest more than you’re willing to lose. Happy trading!

If the upward trend weakens and PEPE falls below its crucial support at $0.00001955, it might drop down to approximately $0.000017. These significant points are expected to shape the direction of PEPE’s price movement as we approach the end of 2024.

Virtuals Protocol (VIRTUAL)

In simpler terms, Virtual is soaring even higher, hitting unprecedented peaks and increasing more than 8% within the last day. This digital currency now holds the title of being the biggest cryptocurrency focused on artificial intelligence, outranking Render in market value.

The coin has benefited significantly from the expanding story about AI-based cryptocurrencies, leading to a 150% increase over the past month.

If the upward trend continues for VIRTUAL, it could reach important levels such as $3.85 or even $4, signifying significant steps in its upward trajectory. But if interest in AI or AI-based cryptocurrencies decreases, the token’s price might dip, possibly touching the support level of $3.33.

If the price falls below its current support level, it might trigger a continued descent, potentially reaching levels as low as $2.85, or in some cases, even dipping down to $2.23.

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2024-12-31 16:26