As the cryptocurrency market continues to show strength, these 3 altcoins have attracted attention. They managed to make their investors happy with their performance. Analysts are taking a look at these altcoins.
These 3 altcoins stood out among the top earners
As you follow from Kriptokoin.com, the global crypto market is on the rise. It also rose by 1.4% in 24 hours as Bitcoin dominated the market. The total crypto transaction volume recorded the previous day was $61.1 billion. Bitcoin has a market share of 49.7%, while Ethereum has a market share of 16.5%. Moving on to the top gainers, BEAM, LUNC, and STX topped the list among the 200 cryptos today. It is necessary to look at the story behind its recent fluctuations. From transaction volume influx to ecosystem development, BEAM, LUNC, and STX have eclipsed other altcoins. Analysts are closely monitoring the sudden growth of these tokens, which has sparked enthusiasm as well as speculation.
Beam (BEAM) price performance
Powered by Merit Circle DAO, BEAM is a gaming platform investing in the web3 gaming industry. The recent surge in Web3 games and NFTs has brought many projects out of the box. Beam was one of these altcoin projects. The sudden increase in BEAM price can be attributed to the recent launch of Havens Compass game on the Epic Games platform. Making a commitment to users, Beam announced that Free NFT minting will be available in the future, along with Token sales and on-chain connection to the game.
BEAM price chartThis caused investors to get excited and the price of BEAM to rise. BEAM broke a sloping formation in the last 24 hours and rose towards the $0.012 resistance. Meanwhile, the RSI is at 77. This indicates an overbought situation for the altcoin. Therefore, it increases the potential for a downward trend to lead to a decline in prices. At the time of writing, BEAM was trading at $0.01156259 with a 24-hour trading volume of $57.13 million. This marks a significant price increase of 20.68% in the last 24 hours. It also reflects an impressive rise of 34.53% over the last 7 days.
Terra Luna Classic (LUNC) price performance
LUNC has been experiencing major price fluctuations lately amidst a massive burning of its tokens. Recently, giant crypto exchange Binance burned nearly 4 billion tokens in the 16th batch of LUNC burn. This led to a 20% jump in the LUNC price, making investors happy.
LUNC price chartLUNC recently broke out of the falling flag formation and started a significant rise towards the $0.00014 level. The RSI at 82.73 places it in the overbought territory, indicating potential caution. The altcoin price was at $0.00013909 with a 24-hour trading volume of $359 million. This reflects a significant 20% price increase in the last 24 hours. It also represents an impressive 85.39% increase over the last 7 days.
Stacks (STX) price performance
According to crypto analyst Kaleo, Stacks (STX) is poised for a potential upside once it surpasses the $0.80 level. The analyst expects a potential pullback before a breakthrough in altcoin price. He sees any decline before breaking above this resistance as a buying opportunity. Meanwhile, the RSI stands at 66. This shows that it is approaching the overbought zone.
STX price chartAt the time of writing, STX price was at $0.784431. This reflects a significant price increase of 11.85% over the last 24 hours. Additionally, it shows an impressive rise of 20.02% over the last 7 days. Additionally, the altcoin reached a 24-hour trading volume of 90,134,775.80. Analysts recommend that investors closely monitor the $0.80 resistance level for potential buying signals. He also recommends keeping a careful eye on potential pullbacks.
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