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Why These Altcoins Are Trending Today — December 4

Why These Altcoins Are Trending Today — December 4

Be In Cryptoby Be In Crypto
4 December 2024
It’s altcoin season, and as expected, many non-Bitcoin cryptocurrencies will be on the radar of several traders. Due to this shift in momentum, the altcoin trending today’s list comprises tokens whose prices have all surged in the last 24 hours. These surges could be linked to rising demand and significant trading volumes. According to CoinGecko, the top three trending…

It’s altcoin season, and as expected, many non-Bitcoin cryptocurrencies will be on the radar of several traders. Due to this shift in momentum, the altcoin trending today’s list comprises tokens whose prices have all surged in the last 24 hours.

These surges could be linked to rising demand and significant trading volumes. According to CoinGecko, the top three trending altcoins include Bertram The Pomeranian (BERT), Koma Inu (KOMA), and Hyperliquid (HYPE).

Bertram The Pomeranian (BERT)

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On Monday, BERT was part of the trending altcoins. During that period, the token saw notable market interest as ex-Binance CEO Changpeng Zhao interacted with the project’s handle on X (formerly Twitter).

Today, BERT is trending because its price has significantly increased. In the last 24 hours, the meme coin’s value has increased by 35% and trades at $0.12. From a technical point of view, the 4-hour chart shows an increase in the Bull Bear Power (BBP).

When this BBP falls, it means bears are dominant, and the price might decrease. But since the indicator is in the positive region, it means the Solana meme coin could experience a continued upswing.

BERT price analysis
Bertram The Pomeranian 4-Hour Analysis. Source: TradingView
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If that is the case, the altcoin’s value could rise to $0.18 in the short term. However, if selling pressure rises, this might not happen. Instead, BERT could decline to $0.072.

Koma Inu (KOMA)

Another token on the list of altcoins trending today is Koma Inu, a meme coin built on the BNB Chain. KOMA is trending because its price has increased 71% in the last 24 hours, coincidentally with the day BNB’s price broke its previous all-time high.

On the 4-hour chart, Koma Inu has formed a golden cross. A golden cross happens when the shorter Exponential Moving Average (EMA) rises above the longer one. As seen below, the 20 EMA (blue) has crossed over the 50 EMA (yellow).

As such, KOMA’s price could climb to $0.086 as long as it breaks above the overhead resistance at $0.073. On the other hand, if the token fails to rise past the hurdle, the price might tumble to $0.063.

KOMA price analysis
Koma Inu 4-Hour Analysis. Source: TradingView
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Hyperliquid (HYPE)

Since its launch, Hyperliquid has appeared on the altcoins trending today list several times, mainly due to its price. Today, it is no different, as HYPE’s price has continued to climb since the Token Generation Event (TGE).

Over the last 24 hours, HYPE’s price has increased 43.40% to $12.95. Its 24-hour trading volume has also surpassed $270 million, indicating notable interest in the token.

HYPE price performance
Hyperliquid Price Chart. Source: CoinGecko

Should the volume and price continue to rise, HYPE could get closer to $15. On the flip side, if selling pressure rises, this might not happen, and the altcoin might decline.

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Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

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Victor Olanrewaju is a technical and on-chain analyst at BeInCrypto, where he monitors the activities of mid- and large-scale investors, commonly known as crypto whales, to detect investment trends across diverse cryptocurrencies, including Bitcoin, altcoins such as Solana, XRP, Cardano, and Toncoin, as well as meme coins like Dogecoin, Shiba Inu, and Pepe. Additionally, he covers emerging trends including Tap-to-Earn games, AI tokens, and real-world assets (RWA). Before joining BeInCrypto…

Victor Olanrewaju is a technical and on-chain analyst at BeInCrypto, where he monitors the activities of mid- and large-scale investors, commonly known as crypto whales, to detect investment trends across diverse cryptocurrencies, including Bitcoin, altcoins such as Solana, XRP, Cardano, and Toncoin, as well as meme coins like Dogecoin, Shiba Inu, and Pepe. Additionally, he covers emerging trends including Tap-to-Earn games, AI tokens, and real-world assets (RWA). Before joining BeInCrypto…


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