Why These Altcoins Are Trending Today — December 23

BE[IN]CRYPTO12-23 23:30

The top three trending altcoins today include Hyperliquid (HYPE), Pudgy Penguins (PENGU), and Virtuals Protocol (VIRTUAL). HYPE trends because of a suspected hack, which has driven the altcoin's price...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy These Altcoins Are Trending Today — December 23\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-23 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/why-these-altcoins-are-trending-today-december-23/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The top three trending altcoins today include Hyperliquid (HYPE), Pudgy Penguins (PENGU), and Virtuals Protocol (VIRTUAL).\nHYPE trends because of a suspected hack, which has driven the altcoin's price...</p>\n\n<a href=\"https://beincrypto.com/why-these-altcoins-are-trending-today-december-23/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4150","symbol_name":"赌场与赌博","start_time":0,"source_url":"https://beincrypto.com/why-these-altcoins-are-trending-today-december-23/","article_id":"2493344798","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/06/BIC_altcoins_pill_medicine-covers_neutral-850x478.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2493344798","pubTimestamp":1734967800,"columns":[],"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"HYPE trends because of a suspected hack, which has driven the altcoin's price to drop by 14.70% with further decline expected.PENGU continues to consolidate around $0.27 while VIRTUAL price increased by 6.90% and could rise toward the $3.32 mark.Unlike the first week of December, when crypto prices saw impressive surges, the last week has brought about a noticeable downturn across the market. This market-wide decline has resulted in no major pumps for two out of the top three trending altcoins in the past 24 hours.The decline can likely be attributed to a combination of bearish market sentiment and a significant drop in liquidity. According to CoinGecko, the top three trending altcoins for today, December 23, are Hyperliquid , Pudgy Penguins , and Virtuals Protocol .On several occasions, HYPE, the native token of the Hyperliquid decentralized exchange, has appeared on the trending altcoins list due to price surges. However, that is not the case today, as HYPE’s price has decreased by 1","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4150":"赌场与赌博","RSI":"Rush Street Interactive, Inc.","BBP":"Virtus LifeSci Biotech Products ETF"},"translate_title":"为什么这些山寨币今天很流行-12月23日","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BBP":1,"RSI":1},"content_text":"The top three trending altcoins today include Hyperliquid (HYPE), Pudgy Penguins (PENGU), and Virtuals Protocol (VIRTUAL).\nHYPE trends because of a suspected hack, which has driven the altcoin's price to drop by 14.70% with further decline expected.\nPENGU continues to consolidate around $0.27 while VIRTUAL price increased by 6.90% and could rise toward the $3.32 mark.\n\nUnlike the first week of December, when crypto prices saw impressive surges, the last week has brought about a noticeable downturn across the market. This market-wide decline has resulted in no major pumps for two out of the top three trending altcoins in the past 24 hours.\nThe decline can likely be attributed to a combination of bearish market sentiment and a significant drop in liquidity. According to CoinGecko, the top three trending altcoins for today, December 23, are Hyperliquid (HYPE), Pudgy Penguins (PENGU), and Virtuals Protocol (VIRTUAL). \nHyperliquid (HYPE)\nOn several occasions, HYPE, the native token of the Hyperliquid decentralized exchange, has appeared on the trending altcoins list due to price surges. However, that is not the case today, as HYPE’s price has decreased by 14.70% in the last 24 hours.\nThe decline in the altcoin’s value is not just due to increased sell-off. Instead, reports emerged that North Korean hackers might have breached the Hyperliquid ecosystem. Following this development, on-chain data shows that investors have pulled about $60 million from the platform. \nThis value represents about 3% of the total value of assets on it. From a technical perspective, the Bull Bear Power (BBP) has fallen to the negative region. The BBP compares the strength of buyers (bulls) to sellers (bears).\nWhen the reading is positive, it means bulls are dominant, and the price can increase. But in this case, it is the other way around. If this trend fails to change, HYPE’s price might drop to $22.39.\nHyperliquid 4-Hour Analysis. Source: TradingView \nHowever, if buying pressure increases around the altcoin, that might not happen.Instead., the value might surge to $35.76.\nPudgy Penguins (PENGU)\nAs mentioned above, PENGU’s price did not also record a price increase despite being one of the trending altcoins today. However, unlike the Hyperliquid token, the Pudgy Penguins price has been hovering around $0.027 since yesterday.\nAccording to the 1-hour chart, the Relative Strength Index (RSI) wobbles around the 50.00 neutral region. This indicates that the sentiment around the altcoin is neither bearish nor bullish.\nAs such, the altcoin’s value might keep hovering between $0.025 and $0.030. However, if bulls take charge, this might not be the case. Instead, the token could rise toward $0.050.\nPudgy Penguins 1-Hour Analysis. Source: TradingView  \nAt the same time, a rise in selling pressure could invalidate the bias. In that situation, PENGU’s price might decline below $0.020.\nVirtuals Protocol (VIRTUAL)\nVIRTUAL is the only one out of the top three trending altcoins with a price increase. Over the last 24 hours, VIRTUAL price has increased by 6.90%.\nOn the 4-hour chart, the altcoin experienced this rebound after bulls defended the support at $2.25. Due to this, the cryptocurrency’s value has increased to $2.67. However, VIRTUAL might have the resistance at $2.83 to contend with.\nVirtuals Protocol 4-Hour Analysis. Source: TradingView \nIf successfully breached, VIRTUAL might rise to $3.32. However, if the altcoin fails to rise above that resistance, this might not happen. On the flip side, the value could sink to $2.03.\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\n\neToro\nExplore\n                      \n\n\n\n\n\nCoinrule\nExplore\n                      \n\n\n\n\n\nUphold\nExplore\n                      \n\n\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\n3Commas\nExplore\n                      \n\n\n\n\n\n\n\n\n🎄Best crypto platforms in Europe | December 2024\n\n\neToro\n\n\n\n\n\n\n\n\nCoinrule\n\n\n\n\n\n\n\n\nUphold\n\n\n\n\n\n\n\n\nCoinbase\n\n\n\n\n\n\n\n\n3Commas","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2493344798"}