ZRO,STRUMP,BIAO, Something is cooking?The larger crypto market witnessed a lack of volatility, and the price action of most assets, like ZRO, BIAO, and STRUMP, was largely depleted of any major moves. In a low-volatility crypto market, this article will take a look at the 3 top cryptocurrencies to watch out for this week.
Most of these assets have been oscillating around key price levels, and it would be interesting to look at where they go from the current price.
BIAO, ZRO, & STRUMP 1.D. Chart
In terms of age, as of June 22nd, Layer Zero (ZRO) is only three days old, BIAOQING (BIAO) is 5 days old, and Super Trump (STRUMP) is 78 days old. Out of all three, ZRO is the youngest asset, and STRUMp is the oldest.
1. LayerZero (ZRO), A New Player In The Landscape!
LayerZero (ZRO) newly launched token has recorded a 29% dip from peak to bottom in a matter of days. In the last three days, its peak registered was $3.9, and its low registered was $2.8.
The recent price action of ZRO highlights that the bulls are trying to rise, which formed a wick. As of now, only a wick has formed, and the span is too short to predict movements, it's uncertain. Thus, the price could recover also, and fall aswell.
At press time, the price has traded at $3.03 with an intraday decline of -5.09%. By market cap, it's under the top 100 list on CoinMarketCap with a total of $756.97 Million. In the past 24 hours trading volume showed $290.559 Million with a -55.95% decline.
According to the massive volume and market cap, it has been trending as number 1 on coinmarketcap.
Trending Crypto’s | Source: CoinMarketCap.com
2. Despite Its Rank, BIAOQING (BIAO) Trending!
Based on a panda with a human head, Biaoqing is one of Asia's most famous memes; its popularity in China has grown remarkably. Thus, it has already built a bond or a connection with potent traders, and BIAO has become a widely used meme.
This meme coin that debuted less than two weeks ago, BIAO, has already emerged as a strong player in the cryptocurrency landscape. In the top trending list on CMC, it's on the second of the list.
Despite an overall downturn in the market, the candles of June 18th and June 19th showed devastating 500%+ gains. Although it rose from $0.010100 to $0.06220, the price fell more than 50% in a mere 3 days, and at the time of writing, with an intraday dip of -13.19%, BIAO has traded at $0.02665.
Furthermore, to analyze more, the span happened to be too short of predicting price movements, and it looks uncertain from where it is now. Thus, the price could recover also, and fall aswell.
In addition, By market cap, it's shockingly ranked at 2578 position based on its market cap of $26.56 Million but ranked 2nd on CMC. In the past 24 hours trading volume showed $6.7 Million with a -10.77% decline.
3. 3. Super Trump (STRUMP) carries political significance & is trending; what Does It Signify?
For the curious, the 2024 US elections are up on November 5th, 2024, and out of the people who were running for president in 2024, Biden and Trump are the bigger names. Meanwhile, there are 4 more independent and third party faces, but TRUMP is among the most highlighted ones.
Presidential candidates of 2024 elections | Source: TheNewYorkTimes.com
Furthermore, Super Trump was created to support Donald Trump for the upcoming presidential election; it utilizes blockchain technology and has been garnering people's interest due to his positive statements regarding cryptocurrencies.
This Donald Trump-themed meme coin has a market cap of $23.165 Million and has been ranked 755th in terms of MC.
Looking at the price of STRUMP on the daily chart, it has been noticed that within a period of less than three months, this crypto has made some decent price structure. After a 53-day consolidation, STRUMP broke the range abruptly on May 28th, 2024, and peaked at $0.030846 by June 3rd from a low of $0.004150.
However, the gains were unsustainable and dropped to form a support at $0.011875; from this support, it spiked again but was contained due to a declining trendline. Now, this has led to the form of an interesting pattern called a descending triangle, and based on sentiment, it looks like bears are dominant, but if favored bulls step in, the tide could flip as well.
So, it would be interesting to watch out for this asset in the coming week.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
STRUMPUSDT trade ideas
the MAGA (TRUMPI has been riding on a upward trendlineAt press time, the MAGA (TRUMPI has been riding on a upward trendline from may 9th from price $4.00, and has been trading at $14.232 with an intraday loss at -5.66%.
Meanwhile, Super Trump has declined -18.07%, which has been trading at $0.01150. The MAGA has recovered after the dip in response to the conviction news, but STRUMP has continued to plunge.
