Several cryptocurrencies have shown remarkable recovery, with some entering the list of currently trending altcoins and attracting attention. This upward trend may be attributed to positive investor sentiment and decreasing selling pressure.
Using CoinGecko data, BeInCrypto highlights popular altcoins, the reasons behind their popularity, and their future outlook. As of October 21, the top three most popular altcoins are KOALA AI (KOKO), KLAUS (KLAUS), and Goatseus Maximus (GOAT).
KOALA AI (KOKO)
KOALA AI, a project that combines the humor of meme coins and the power of artificial intelligence (AI), is currently at the top of the list of trending altcoins. Inspired by the frog-themed meme coin Pepe (PEPE), KOALA AI has gained popularity due to the bullish sentiment surrounding the AI + meme coin narrative that has dominated the market in recent weeks.
As a result, the price of KOKO has surged by 70% in the last 24 hours, currently trading at $0.0000055. The daily chart shows that the Relative Strength Index (RSI) has exceeded the overbought level of 70.00.
The Money Flow Index (MFI) has also crossed above 80.00, suggesting significant buying pressure, but also indicating that profit-taking may soon begin.
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If this situation occurs, KOKO may be removed from the list of today's trending altcoins, and its price could drop to $0.0000047. However, if the bullishness persists, the altcoin's value could rise above $0.0000060.
KLAUS (KLAUS)
Next, we have KLAUS, a cryptocurrency with a meme coin narrative. KLAUS has seen a 565% price increase over the past week, making it a currently trending altcoin.
KLAUS is currently priced at $0.040. On the 1-hour chart, this altcoin is facing a crucial resistance level at $0.045, which could be one reason why KLAUS may continue to struggle in the short term.
Considering the current technical setup, the price of this cryptocurrency is likely to drop to $0.030. However, traders interested in this altcoin should watch it closely, as if KLAUS manages to break through the resistance, this prediction may be invalidated, and the token could rise to $0.056.
Goatseus Maximus (GOAT)
Goatseus Maximus appears to be a frontrunner in the ongoing AI + meme coin narrative in the market, as it is one of the altcoins held by the recently minted AI billionaire, Truth Terminal.
However, the price of GOAT has recently dropped by 50% due to reports that Truth Terminal is operated by humans, leading to its inclusion in the list of today's trending altcoins.
Despite the initial drop and surrounding uncertainty, on-chain data analysis firm Lookonchain reported that a whale has added an additional $2 million worth of GOAT. The same whale now holds $21.39 million, having spent $7.14 million.
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As a result of these developments, the price of GOAT has rebounded and is currently trading at $0.40. However, if the large-scale buying continues, the value of this altcoin could rise to $0.58 in the short term.
Conversely, if cryptocurrency whales start to sell in large quantities, this prediction may not materialize. Instead, the price of GOAT could drop to $0.29.
