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Today, December 18, the Cryptocurrency market is fluctuating sideways, as many altcoins still have no clear direction. Due to this volatility, today’s prominent altcoins are in a similar situation.
However, the good point is that not all have reduced prices. According to CoinGecko, featured altcoins today include Pudgy Penguins (PENGU), Hyperliquid (HYPE), and Happy Cat (HAPPY).
Pudgy Penguins (PENGU)
PENGU, the Token launched by the Pudgy Penguins NFT collection, tops the list of featured altcoins today, mainly due to yesterday’s launch and airdrop program. As TinTucBitcoin previously reported, PENGU’s airdrop caused a significant drop in the altcoin’s value.
However, while some hoped that prices would recover, that did not happen. As of the time of writing, the Pudgy Penguins Token price is 0.35 USD, down 50% in the past 24 hours.
Despite the drop, the one-hour chart shows that the token appears to be on the road to recovery. As seen below, trading volume has increased, and if this continues, the value of the altcoin could increase to around 0.055 USD.
But if selling pressure continues, that may not happen. In that situation, PENGU could drop below $0.025.
Hyperliquid (HYPE)
Over the past several weeks, HYPE has continued to hold its position as a prominent top altcoin. However, unlike previous times, the value of this altcoin has not increased significantly in the past 24 hours. Instead, the value decreased slightly by 3.40%.
The price drop may be related to low demand for Hyperliquid’s native token. Previously, demand was strong, with predictions circulating that the altcoin could reach $50 in the short term. However, as of the time of writing, the price is $27.15. If demand continues to decline, HYPE’s price could drop to $20. But if buying pressure increases and trading volume in the Hyperliquid market increases, the trend could change and prices could increase.
Happy Cat (HAPPY)
At the bottom of today’s list of featured altcoins is Happy Cat, a Meme Coin built on Solana. HAPPY is gaining attention as one of the few cat-themed Meme Coins whose price has increased within the past 24 hours.
On the 4-hour chart, HAPPY is struggling to hold these gains. As a result, the price is trending below the 20 and 50 period Exponential Moving Averages (EMA). If this is confirmed, the value of the altcoin could drop to $0.010 USD.
But if the demand for this Meme Coin increases again, this prediction may not be confirmed. In that case, HAPPY price could increase to 0.018 USD.
General Bitcoin News
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