The cryptocurrency market has experienced a significant decline over the past 24 hours, losing a staggering $8 billion in total market capitalization. Despite this broad market correction, several altcoins broke the trend and surged to new all-time highs (ATH) today.
TinTucBitcoin analyzed three Tokens that reached new ATHs today, led by Just a Chill Guy (CHILLGUY)
Just a Chill Guy (CHILLGUY)
Based on a famous internet character, the meme coin Just a Chill Guy (CHILLGUY) has seen a massive surge in value since its launch on November 15. The altcoin climbed to an all-time high was just 0.58 USD in the Asian session last night. However, it is currently trading at $0.47, down 18% from its peak.
In a November 25 post on X, Blockchain analytics data provider Nansen noted that the meme coin had attracted $108,450 in net flows from smart investors in the previous 24 hours. Smart investors refer to institutional or large-scale investors. This suggests that large-scale holders are increasing their holdings of CHILLGUY.
If this trend continues, the meme coin price could recover to its all-time high. Conversely, CHILLGUY price could fall below $0.40 if selling activity increases.
Virtuals Protocol (VIRTUAL)
VIRTUAL, the native token of the decentralized platform for creating and monetizing AI agents Virtuals Protocol, rose to an all-time high of $0.71 today. Currently, it is trading at $0.65, down 8% from that price high.
VIRTUAL’s price increase is supported by real demand for the altcoin, as shown by the rising Strength Index (RSI). At press time, this index is at 69.48.
The RSI indicator tracks overbought and oversold conditions of an asset in the market. It ranges from 0 to 100, with values above 70 indicating the asset is overbought and could undergo a correction. Conversely, values below 30 indicate oversold conditions and imply a possible price recovery.
At 69.48, VIRTUAL’s RSI shows buying activity overwhelming selling pressure from market participants. If this trend continues, the altcoin could reclaim its ATH of $0.71 and attempt to move higher. However, if profit taking begins, VIRTUAL price could fall to $0.57, invalidating this bullish outlook.
aixbt by Virtuals (AIXBT)
AIXBT is currently trading at $0.08. It recorded a 75% increase on the day and reached an ATH of $0.09 today. In the past 24 hours, its trading volume totaled $6.05 million, a jump of 487%.
When the price of an asset increases along with its trading volume, this indicates strong interest and participation from the market, suggesting the price increase is supported by active buying action. This signals confidence in the asset’s value and may suggest that the rise could be sustainable.
If this bullish momentum is maintained, AIXBT will restore its all-time high. However, its price could drop to $0.07 if the sale takes place.