Why This Altcoin Is Hot Today

Why This Altcoin Is Hot Today — January 2

As 2025 begins, investors are optimistic about a year of stronger profits. Notably, with few exceptions, most of the altcoins trending today have seen their pri...

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As 2025 begins, investors are optimistic about a year of stronger profits. Notably, with few exceptions, most of the altcoins trending today have seen their prices increase over the past 24 hours.

According to CoinGecko, two of the top three altcoins — Virtuals Protocol (VIRTUAL) and Kekius Maximus (KEKIUS) — recorded impressive double-digit growth, while ai16z (AI16Z) bucked the trend with a decline. reduce. Here are the details.

Virtuals Protocol (VIRTUAL)

Throughout the fourth quarter of last year, VIRTUAL was an altcoin that was a regular on trending lists with top performance. Today, January 2, it continues to attract attention, increasing by 23.60% in the past 24 hours.

VIRTUAL’s sustained growth can be blamed on the growing excitement around AI and gaming, which has pushed altcoins to new heights. After the price increase, VIRTUAL is now trading at $4.89.

On the daily chart, VIRTUAL continues to reach new highs, showing significant demand for the altcoin. The relative strength index (RSI) has also increased, giving a strong signal of an uptrend around the Token.

If this trend continues, the value of the altcoin could increase to $6. However, if demand for the Virtuals Protocol Token declines, it could face a correction. In that case, the value could drop to $2.90.

Kekius Maximus (KEKIUS)

Unlike VIRTUAL, Kekius Maximus price has decreased by 50% in the last 24 hours. However, that is not the main reason why it is on the list of trending altcoins today.

Previously, Meme Coin Coin developed on Ethereum achieved “overwhelming” growth after Elon Musk changed the name of his X account to Kekius Maximus. However, yesterday, Tesla’s CEO switched back to the old name, causing Meme Coin’s market capitalization to drop by $300 million within an hour.

However, on the 1-hour chart, the Token erased some of those losses. If sustained, KEKIUS value could increase to $0.28 in the short term. Conversely, if the bears take over, the price could drop to $0.10.

ai16z (AI16Z)

Ai16z, a token deployed by venture capital funds led by AI agents, has increased by 20% in the last 24 hours, which is why it is trending. Additionally, the sense of optimism surrounding AI agent cryptocurrencies is another reason it is on the list.

At the time of writing, AI16Z was trading at $2.27. On the 4-hour chart, the Bull Bear Power index (BBP) remains in the positive zone. This shows that buyers are in control of the altcoin’s direction.

If this trend sustains, the Token’s value could increase to $3.50. However, if the downtrend prevails, the price trend may change. In that case, AI16Z could drop to $1.73.