As the total cryptocurrency market value remains above $3 trillion, the list of trending altcoins continues to change. According to CoinGecko, the notable cryptocurrencies of today have taken their place due to significant price movements and major exchange listings.
The trending altcoins in the spotlight today are MODE, CHILLGUY, and SLERF, each gaining attention recently and capturing market interest.
MODE
MODE is a layer-2 project built using the Optimism's OP stack. The native token of this project, launched in January, has gained traction and become a trending altcoin.
For instance, the trading volume has increased to $700,000 in the past 24 hours. However, the price has remained at $0.13. The daily chart shows that the price of MODE has broken out of a descending triangle.
This breakout suggests that the bearish sentiment on the token is weakening, indicating the potential for MODE's value to rise. In this case, the altcoin's value could reach $0.027.
However, if MODE falls below the support line of the triangle, it may be excluded from today's trending altcoins. In this case, the price could drop to $0.0090.
CHILLGUY
As was the case yesterday, CHILLGUY is on the list of trending altcoins primarily due to its price movements. This meme coin, which has recently captured market attention, has increased by 70% in the past 24 hours.
Additionally, its market capitalization has risen to over $400 million, which is another reason it has become a trending altcoin. Currently, the price of CHILLGUY has reached $0.40, and the trading volume suggests the potential for further increase.
In this case, the price of CHILLGUY could rise to $0.50. However, if meme coin holders realize their profits, this may not occur. In this scenario, the token could undergo significant correction.
SLERF
SLERF is one of the trending Solana meme coins today. Unlike the other coins, SLERF has become a trending altcoin after Binance announced that it will list the cryptocurrency in its futures market. Within minutes of the announcement, the price of SLERF surged by 40%.
Currently, this cryptocurrency is trading at $0.41. Considering the increase in the Money Flow Index (MFI), the price of SLERF is likely to continue rising. In this case, the altcoin's value could reach a high of $0.48.
However, if SLERF holders realize their gains from the recent surge, the token could drop to $0.30.
