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Bitcoin is exhibiting strong bullish momentum, recently surpassing the $65,000 mark, which could signal the start of a new bull market. After dropping to $59,800 last week, the cryptocurrency has rebounded and continues to rise. Traders are paying close attention to the $65,000 level, seeing it as a crucial point that could shape the future direction of the market.
Current market data shows growing confidence among investors. After nearly eight months of consolidation, Bitcoin appears to be gaining momentum. Analysts point to increased buyer activity as a possible indication of an upcoming breakout. At the time of writing, Bitcoin reached $65,186 before settling around $64,990. Meanwhile, basenet tokens have also recovered. InsideBitcoins is organizing the the most trending cryptocurrencies on Base Chain currently.
Top Trending Cryptocurrencies on Base Chain Right Now
The BRATT token is currently valued at $0.000544, reflecting a modest increase of 0.56%. Meanwhile, Pacato (PACATO) is trading at $0.000000208 and has a market cap of $83.09K. The Based Chad (CHAD) token is priced at $0.00019, with a market cap of $12.87 million and a 24-hour trading volume of $1.20 million, representing a notable increase of 135.52% over the last day.
Additionally, Pepe Unchained (PEPU), a recently launched coin, is gaining popularity, with its presale exceeding $19.4 million. Along the same lines, MicroStrategy is seeing gains on China’s stimulus measures. The value of Bitcoin.
1. BRATT (BRATT)
The BRATT token is priced at $0.000544, reflecting an increase of 0.56%. It has a market capitalization of $519.38K and a 24-hour trading volume of $32.57K, which increased by 174.61% over the past day. The total circulating supply is 955.13 million BRATT coins out of a maximum of 955.13 million.
The price action reveals a notable change in dynamics. Initially, there was a sharp decline as the large red candlesticks indicated significant selling pressure. This massive sell-off brought the price down from around $0.0005700 to a low near $0.0004700. The market consolidated between 8:00 a.m. and 10:00 a.m., with limited price movements and low volatility. This phase suggests that the market was trying to stabilize after the sharp decline.
Around 10:00 a.m., price began to recover as larger green candles formed, signaling increased buying activity. The price increased steadily, crossing the $0.0005000 level and continued its upward trend to the current level of $0.0005444. However, after 1:00 p.m., the pace of growth slowed, with alternating small green and red candles appearing, suggesting a more balanced market between buyers and sellers.
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Additionally, a significant increase in trading volume during the initial sale reflects strong selling activity, driving prices down. As the price began to recover, volume increased again around 10:00 a.m. and 12:00 p.m., indicating that more traders entered the market. However, as the price stabilized after 1:00 p.m., trading volume gradually declined, reflecting a slowdown in activity as the market settled into its current range.
2. Pacato (PACAT)
Pacato (PACATO) is trading at $0.000000208 with a market cap of $83.09K. The coin saw a notable 24-hour trading volume of $7.37K, reflecting a significant increase of 113.15% over the past day. It has a circulating supply of 420.69 billion coins, which is its maximum supply.
Turning to price action, the current price stands at 0.062087, representing a modest increase of 3.15%. Earlier in the session, between 6:00 a.m. and 10:00 a.m., the price showed minimal movement, with low volatility and small candlesticks. This lack of activity likely indicates low trading volume and limited market engagement during this period.
Regarding trading volume, it was initially very low, reflecting the lack of price movement in the early morning hours. However, when the price spiked around 11:00 a.m., there was a notable increase in volume, suggesting a higher level of market participation as traders reacted to the sudden price movement. Although the price continued to rise steadily, the volume decreased after the peak, indicating that there are fewer active traders despite the higher price.
Candlestick patterns further support this analysis. The large green candle at 11:00 indicates a bullish breakout from the previous consolidation, driven by strong buyer interest. Following this, a few red candles suggested minor profit taking or selling pressure. However, the green candles that followed show that buyers quickly regained control, causing prices to continue to rise.
3. Based in Chad (CHAD)
The Based Chad (CHAD) token is currently priced at $0.00019, with a market cap of $12.87 million and a 24-hour trading volume of $1.20 million, a significant increase of 135 .52% over the last day. The circulating supply is 69.41 billion CHAD coins, which is the maximum supply.
As for the price action, the most recent value is $0.0001899, reflecting a slight decline of -0.28% from the previous session. Early today, from 6:00 a.m. to 8:00 a.m., the price saw a sharp decline from around $0.00001900 to a low of $0.00001300. However, around 9:00 a.m., the price began to recover, with a steady rise observed in the afternoon. A sharp rise occurred around 3:00 p.m., pushing the price to $0.0001907, followed by a slight pullback to $0.0001899.
Volume analysis reveals a notable increase in trading volume during the early morning sell-off, suggesting strong selling pressure. After this decline, volume declined but remained active during the recovery, with intermittent surges aligning with price gains. A sharp increase in volume accompanied the sharp price rise at 3:00 p.m., indicating increased buyer interest.
$CHAD Hodlers accumulate more $CHAD Holders
– Based in Chad (@BasedChad6969) October 13, 2024
Looking at the candlestick pattern, the first red candles indicate strong selling pressure, likely driven by panic or profit-taking. The recovery phase, marked by green candles, showed upward movement despite brief corrections. The largest move occurred at 3:00 p.m., with a large green candle signaling strong bullish momentum, although a slight pullback followed.
What could be the next hottest cryptocurrency?
Pepe unleashed (PEPU), a new coin, has been gaining traction, with its presale exceeding $19.4 million. Notable investments include contributions from a whale investor, who recently purchased $50,000, $16,000, and $15,000 worth of PEPU tokens. These tokens have also been staked, indicating long-term interest in the project.
YouTuber Austin Hilton, known for his channel with over 275,000 subscribers, mentioned in a recent video that he more than doubled his initial $10,000 investment in PEPU.
A key factor driving the excitement around Pepe Unchained is its connection to Pepe Chain, a layer 2 blockchain designed to address some of Ethereum’s current limitations. Pepe Chain aims to provide faster and more cost-effective transactions, claiming to be up to 100 times faster while reducing gas fees. The network also remains fully compatible with Ethereum decentralized applications (dApps).
In addition to its blockchain goals and successful presale, Pepe Unchained launched a developer grant program called “Frens with Benefits.” This initiative aims to attract talent and encourage the development of new dApps on the Pepe Chain.
Building. Growth. Reach new people every day.
19 million dollars! Let’s PEPU! 🐸 pic.twitter.com/l95XkoNm3j
– Pepe Unchained (@pepe_unchained) October 12, 2024
A unique feature of the presale is the possibility of bidding PEPU tokens immediately, offering an annual return of 113%. So far, over 1.4 billion tokens have been staked. Tokens are available for $0.00998; buyers can use ETH, USDT, BNB, or a bank card to make purchases. However, the price is expected to rise soon, so potential investors may want to act quickly.
Visit the Pepe Unchained presale
Learn more
Most Wanted Crypto Launch – Pepe Unchained
- Layer 2 Coin Ecosystem
- Featured in Cointelegraph
- SolidProof and Coinsult audited
- Faceoff Rewards – pepeunchained.com
- Over $10M Raised at ICO – Ending Soon
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