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Why These Altcoins Are Trending Today — October 21 Beincrypto 21 Oct 2024

Why These Altcoins Are Trending Today — October 21 📈

Several altcoins, including KOALA AI (KOKO), KLAUS, and Goatseus Maximus (GOAT), are experiencing a surge in popularity on October 21, as highlighted by BeInCrypto using CoinGecko data. The increased investor attention is attributed to improved sentiment and decreasing selling pressure.

KOALA AI, a combination of meme coin humor and Artificial Intelligence, has seen its price rise by 70% in the last 24 hours, influenced by bullish sentiment around the AI + meme coin narrative. However, with the RSI and MFI readings crossing overbought levels, profit-taking may soon follow.

KLAUS, another meme-based cryptocurrency, has seen a 565% increase in the past seven days. Despite facing overhead resistance at $0.045, the price may drop to $0.030 unless it breaks through, allowing it to rise to $0.056.

Goatseus Maximus has drawn attention within the AI + meme coin space. Although its price recently dipped by 50% due to reports of human operation in Truth Terminal, a whale’s purchase of $2 million worth of GOAT has driven a price increase, with potential further gains if accumulation continues.

Source: beincrypto.com ↗