The most popular cryptocurrencies today are different from the list of the past few days. Two altcoins have appeared before, but one is a new participant related to the Telegram messaging app.
It is important to recognize that the popularity status of these altcoins does not guarantee a price increase. They can gain popularity for various reasons. As of October 25, the top 3 most popular altcoins on CoinGecko are Goatseus Maximus (GOAT), Notcoin (NOT), and Scroll (SCR).
Goatseus Maximus (GOAT)
GOAT has remained on the list mainly due to the AI+ MEME coin story. However, it is now one of the popular cryptocurrencies for a completely different reason.
Specifically, Binance listed GOAT on its futures market yesterday, October 24. This caused the altcoin's price to reach an all-time high. However, the price of GOAT has fallen 24% in the last 24 hours, suggesting that MEME coin holders are starting to realize their profits.
After the Binance announcement, the cryptocurrency's value rose to $0.88. It has now fallen to $0.65. The Moving Average Convergence Divergence (MACD) on the 4-hour chart has fallen into negative territory.
MACD is a technical indicator that detects trends. A positive reading indicates a strong uptrend, while a negative reading indicates a downtrend.
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If the MACD remains in negative territory, the price of GOAT could drop to $0.58. However, if investors buy in bulk, the price of GOAT could rise to $0.90.
Notcoin (NOT)
Notcoin, a new entry in today's popular cryptocurrencies, is gaining attention due to its association with Telegram, similar to Ton coin that appeared on the list yesterday. Users are waiting in anticipation of additional airdrops.
However, the price of Notcoin has fallen 74% from its all-time high, indicating a decrease in buying pressure around it. On the daily chart, Notcoin has formed a head and shoulders pattern and fallen below the neckline.
This suggests that the downtrend may continue. Considering this situation, the price of Notcoin could drop to $0.0071. On the other hand, if the uptrend pushes the price above the neckline at $0.0077, the price could rebound. In that case, Notcoin could rise to $0.010 or a maximum of $0.012.
Scroll (SCR)
After being launched earlier this week, Scroll has appeared as the second most popular altcoin. According to BeIncrypto's research, the launch of the project, which has caused some controversy, is still popular.
SCR was launched at $1.45, but it has now fallen to $0.85, a decline of around 40% since its launch. Analysis of the 1-hour chart shows that the Awesome Oscillator (AO) has fallen into negative territory.
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This indicates that the upward momentum around SCR has weakened, and the price may fall below $0.85 in the short term. Conversely, if the market conditions improve or the altcoin season arrives, the price of Scroll could reverse this trend.
