[ad_1]
Among the numerous new coin launches this week, two on Solana and one on Base attracted significant attention.
PRAWN leads with a market cap of 25 million USD and 92K daily transactions. CHAOS maintains its $16 million valuation despite recent volatility. Meanwhile, TETSUO has increased its momentum with 12K owners and daily trading volume reaching 5.8 million USD. All three coins show promising growth potential based on technical indicators.
Pepe The King Prawn (PRAWN)
PRAWN, a newly launched Meme Coin on the Solana platform, quickly gained momentum in the cryptocurrency market, reaching a capitalization of 25 million USD in just under 48 hours.
The coin has shown significant engagement from the community, attracting over 10K investors and generating around 92K daily transactions.
PRAWN’s current RSI (Relative Strength Index) reads at 40, indicating that it is neither overbought nor oversold. This could open up space for upward mobility.
This neutral RSI position suggests that PRAWN can keep its momentum and potentially double its market capitalization to $50 million.
CHAOS
CHAOS, a new Meme Coin coin on Base, has quickly established a significant presence since its launch four days ago. It has attracted over 10K owners and maintains a steady flow of over 6,700 daily transactions.
Although the current market capitalization is $16 million, the coin has experienced a 13.5% price drop in the past 24 hours.
CHAOS’s RSI read at 56, which is in the average range, which, along with the recent price correction, suggests that CHAOS may be finding balance after the initial trading volatility.
This technical structure, coupled with the validation of its $30 million capitalization just two days ago, points to the potential for a recovery. The recent decline may be opening up opportunities for traders who missed out on the initial rally.
Tetsuo Coin (TETSUO)
TETSUO, one of many coins issued on Solana, has shown momentum in its first five days. It has attracted over 12K owners and maintains an impressive amount of daily transactions.
The coin’s current market capitalization stands at $12 million, along with strong daily trading volume at $5.8 million, pointing to significant market participation and liquidity.
With the RSI reading at 39.6, suggesting the coin is approaching the oversold zone, TETSUO could be preparing for a rally above.
Given the trading volume and established holder base, a rebound in buying pressure could push the token towards the $15 million capitalization resistance. If that happens, TETSUO has the potential to expand by up to $20 million if momentum builds.
General Bitcoin News
[ad_2]
