The U.S. President Donald Trump’s newly launched crypto, TRUMP, has showcased impeccable performance since its inception. The meme coin’s price skyrocketed, allowing it to reach an all-time high of over $73.
However, it fell victim to a correction in the last 24 hours as its price dropped by 44%. While TRUMP experiences major volatility, a few of the cryptos are showing growth potential. Ergo, let’s take a look at the best cryptos to buy in the current market condition.
Solana (SOL)
As the market condition turned bearish, Solana price also was affected as it fell by nearly 10% in just the last 24 hours. Though this might look concerning at first glacé, there is more to the story. At the time of writing, SOL was testing a critical support level. If bulls manages a successful test, then SOL might turn bullish again and move towards the $260 mark. However, considering the unpredictability of the market, if bears continue to dominate then SOL’s value might plummet to $212.
Pikamoon (PIKA)
At a time when meme coins like TRUMP are getting in the spotlight, several other utility-based cryptos prepare their groundwork. One of them is Pikamoon (PIKA)—an emerging altcoin, bags immense potential in terms of its future price growth. This was the case because of the features and advantages the platform provides to its users and investors.
To give a background, one of the world’s most sophisticated GameFi metaverses are being built by Pikamoon. The platform prioritizes immersive 3D graphics, artwork, and gameplay in order to achieve this. Pikamoon also offers several advantages within its NFT ecosystem. Pikamoon NFT holders have exclusive access to Dreva Metaverse custom experiences and competitive esports venues.
In fact, the token has already gained bullish momentum as its price rose by 9% in the last 24 hours. After this pump, the token was trading at $0.0003927 with a market capitalization of over $6.8 million.
Additionally, PIKA’s Chaikin Money Flow (CMF) registered an uptick—a sign of rising buying pressure. Whenever buying activity rises, it hints at a possible price hike, which can push PIKA towards $0.0004 in the short term.
TRON (TRX)
It was interesting to note that unlike TRUMP, TRON bulls continued to keep their upper hand in the market. To be precise, TRX was the only crypto on the top 10 list, which had a green daily chart.
On top of that, the technical indicator MACD displayed the possibility of a golden crossover, further indicating that investors might see TRX’s price moving upward. In the near-term, TRON price might have a local high and bottom at $2.9 and $2.1, respectively. If that turns out to be true, then MTL might surprise investors with massive gains going forward.
Mantle (MTL)
Mantle (MTL) is yet another crypto that is showing promise with its bullish price action. To be precise, the Mantle price surged by 5% in the last 24 hours. The good news is that the token’s long/short ratio started to increase again after a decline in the 4-hour timeframe, as per Coinglass’ data. A hike in the metric means that long positions were increasing in the market—reflecting rising bullish sentiment.
To sum things up
The crypto market is infamous for it high volatility and unpredictable nature. This was yet again proven by TRUMP’s meteoric and recent correction, which were mostly fueled by market sentiment.
While the meme coin has become a hot topic of discussion in the community, cryptos like Pikamoon (PIKA) are slowly paving way to disturb the market. Ergo, investors should keep a watch on PIKA’s price, as it has the potential to explode soon.
To know more about Pikamoon (PIKA), visit the official website.
The post TRUMP Drops 44%, But These 4 Coins Show Growth Potential! appeared first on CoinGape.
