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FTX Token (FTT) sees a 7% surge amid speculation regarding a potential presidential pardon for its founder, with critical resistance at $3.87.
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PEPE has skyrocketed by 1400% in the past year, approaching $0.00002 as traders eye higher targets at $0.0000216 and $0.0000247.
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Virtuals Protocol (VIRTUAL) emerges as the leading AI-focused cryptocurrency, increasing by 150% in 30 days, with a resistance level of $4 looming ahead.
Key altcoins are experiencing dramatic movements as the year closes, with FTT, PEPE, and VIRTUAL making significant headlines in the crypto market.
FTX Token (FTT) Sees Renewed Interest
After a tumultuous period, FTX Token (FTT) has once again gained traction, primarily due to evolving circumstances surrounding its founder Sam Bankman-Fried. Recent media reports indicate that he may be eligible for a presidential pardon, a development that has undoubtedly stirred interest and speculation within the market.
Currently, FTT is trading with an uptick of over 7% in the last 24 hours, fueled by optimistic sentiment. The critical resistance level remains at $3.87; overcoming this could set the stage for subsequent gains, pushing toward a target of $4.18. Conversely, should this momentum falter, expect the price of FTT to test the support level around $3.55, with further declines possible down to $3.32 if bearish pressures intensify.
PEPE: A Meme Coin Resurgence
In the burgeoning landscape of meme coins, PEPE stands out with an incredible annual growth of nearly 1400%, cementing its position as the third-largest meme token globally. With a current market capitalization hovering around $8 billion, PEPE trails only behind Shiba Inu and Dogecoin in the meme coin arena.
In recent trading sessions, PEPE has gained over 7%, with traders aiming for a year-end close above the key psychological mark of $0.00002. If bullish momentum continues, the cryptocurrency could test resistances at $0.0000216 and potentially $0.0000226. However, should the tide turn against it and support at $0.00001955 fail, a retreat to levels around $0.000017 is likely.
Virtuals Protocol (VIRTUAL): The AI Cryptocurrency Leader
Virtuals Protocol (VIRTUAL) has carved a niche for itself as the leading AI-focused cryptocurrency, recently eclipsing RENDER in market capitalization. The coin’s dramatic rise, surpassing 8% in the past 24 hours, is a clear indicator of the growing interest in AI applications within the crypto space.
This trend is reflected in its 150% surge over the past month, propelled by enthusiasm for crypto AI agents and related technologies.
If VIRTUAL maintains its current trajectory, it may encounter significant resistance levels at $3.85 and even $4, marking pivotal milestones in its bullish ascent. Conversely, should the broader interest in AI wane, the token could face corrections, testing pivotal support levels at around $3.33, which, if breached, may see prices further retreat toward $2.85 or $2.23.
Conclusion
As 2024 draws to a close, the movements we are witnessing in cryptocurrencies such as FTX Token, PEPE, and Virtuals Protocol highlight the dynamic nature of the market. With notable gains and critical technical levels to watch, it’s crucial for investors to remain informed and adapt strategies accordingly. The final days of the year may yet yield surprising results, and vigilance is key for anyone involved in these rapidly evolving assets.
