For weeks, altcoins have shown signs of a potential breakthrough, promising to soon surpass Bitcoin (BTC), which has dominated the market for much of this year. However, not all of today’s most talked about altcoins have recorded price increases in the past 24 hours.
While some showed strong performance, others lagged. According to CoinGecko, the most popular altcoins today include Hyperliquid (HYPE), (VIRTUAL), and Vector Smart Gas (VSG).
Hyperliquid (HYPE)
Hyperliquid is a Layer-1 blockchain that enables transactions on a permanent decentralized exchange and has a token primarily with the symbol “HYPE.” HYPE is one of the most discussed altcoins today. Basically, today is the Token Generation Event (TGE) and already distributed for free Some Tokens for first users.
According to the project, free tokens account for 31% of the total supply, equivalent to 310 million tokens. At press time, HYPE’s price is around $3.81 and is not yet listed on any centralized exchange.
However, there is speculation that HYPE may soon be listed on first- and second-tier exchanges. If this happens, trading volume could increase, and prices could potentially jump.
Virtuals Protocol (VIRTUAL)
Virtuals Protocol is a project operating on the Base network, focusing on Artificial Intelligence (AI) and the Metaverse story. VIRTUAL, its native cryptocurrency, is one of the most talked about altcoins today as the price has increased by 50% in the last 24 hours.
This development is similar to the recent increase in the prices of Metaverse tokens, including The Sandbox (SAND) and Decentraland (MANA). As of this moment, VIRTUAL’s price is 1.36 USD.
The daily chart shows that the Moving Average Convergence (MACD) index has increased, pointing to a bullish trend surrounding the cryptocurrency. If this continues, the price could surpass $1.56.
On the other hand, if the excitement around Metaverse Tokens decreases and selling pressure increases, this may not happen. Instead, VIRTUAL’s value could drop to $0.52.
Vector Smart Gas (VSG)
Like Hyperliquid, Vector Smart Gas (VSG) is not listed on any centralized exchange. This token, built on Ethereum, was one of the featured altcoins on November 27. Its appearance on the list again shows that interest in the token persists.
However, unlike last time, VSG price did not increase but decreased by 13.50% in the past 24 hours. This decline may be related to increased selling pressure, which volume on the daily chart shows has increased.
If this continues, VSG’s price could drop from $0.0057 to $0.0037. However, if buying pressure increases, this may not happen. In that case, the altcoin could rebound to $0.0071.
