- 1 Cryptocurrencies are receiving social attention despite the slow price action that the market is seeing.
- 2 Beercoin experienced significant volatility, consolidating between significant price ranges.
- 3 The price of Beercoin surged by 6.08% to reach $0.000448, and at press time has the potential for both upward and downward price movements.
Recently, some cryptos are receiving more social attention than others even though the market seems slow in terms of price action.
The larger market has been rather calm in terms of volatility while top coins have noticed some losses like BTC performance this week was down by -7.80%, and ETH was down by -4.59%.
Despite the larger market sentiment down, lesser-known coins like Beercoin, Biaoqing, Niza Global, Artrade, and TARS Protocol, are gaining a lot of market traction.
Beercoin Beats Bitcoin in Terms of Most Searched
Bitcoin is consolidating in a range and trying hard to sustain gains. High volatility is likely to be seen running up the Fed rate announcement.
Some Altcoins like BEERCOIN and 4 other tokens have outsmarted the race and are the most searched and viewed cryptocurrencies based on real-time data on CoinMarketCap.
Most Viewed Crypto’s | Source: CoinMarketCap
Out of the 5 altcoins, BEERCOIN(BEER) stands out in terms of market cap, as it has the highest market capitalization and 24-hour trading volume. Its market value stands at $253.81 Million, and its trading volume is $118.8 Million (press time).
There are 549.76 Billion BEER in circulation, it has tremendous liquidity as the 24-hour volume–to–market ratio indicates a massive number that stands at 54.55%. The higher the ratio highlights, the more liquid the asset is, which could make it easier for it to be bought and sold by investors and traders.
BEER has become sideways after an astonishing nearly 900% gain from the start to June 5th, 2024, thereon the BEER had been in a battle between bulls and bears and looks like heavy volatility in the BEER making it consolidate between $0.000325, and $0.000570.
The price structure of BEERCOIN (BEER) shows that investors and traders have put a lot of liquid money into this altcoin, which can be confirmed by the CMC volume-to-market ratio.
BEERCOIN (BEER) Price Forecast!
At press time, BEER surged by 6.08% with the price traded at $0.000448. Therefore, if the bears take control, then on the downside the price has to breach $0.000325 first, then the price could fall.
However, if the price manages to sustain and rise, BEER has to jump out of the swing high it developed at the $0.000570 price level.
How Far Will These Cryptos Go?
Cryptocurrencies are receiving social attention despite slow market price action. Meanwhile, Bitcoin is down -7.80%, and Ethereum is down -4.59%.
Moreover, Lesser–known coins like Beercoin, Biaoqing, Niza Global, Artrade, and TARS Protocol are gaining market traction. Beercoin has the highest market capitalization and 24-hour trading volume among five altcoins, with $253.81 Million in market value and $118.8 Million in trading volume.
Beercoin experienced significant volatility, consolidating between specified price ranges. Over the technical part, the price of Beercoin surged by 6.08% to reach $0.000448, with potential for both upward and downward price movements based on breach levels.
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.
