Top Trending Coins Today 13 October – XRP, USTC, TAMA, IMPT
Cryptocurrency traders have been anxious over the last 24 hours as the market reels from the Consumer Price Index data. During the past 24 hours, the overall cryptocurrency market has dropped by around 2% to $943 billion at the time of writing.
As the prices continue to retreat because of the impact of the CPI data release, four cryptocurrencies stand out, and they could create notable gains soon. These cryptos include Ripple (XRP), Terra USD Classic (USTC), Tamadoge (TAMA), and the Impact Project (IMPT).
XRP has plunged by 6.6% over the last 24 hours to trade at $0.456 at the time of writing, according to CoinGecko. XRP's current pullback is erasing the coin's gains over the last few weeks. XRP's recent rally has gained 26% over the past month.
XRP's trading volumes during the past 24 hours stand at $1.69 billion, showing high investor interest in the token. The bearish sentiment across the broader market could see XRP record a selloff that will drop prices to $0.42. The bearish thesis will be invalidated if XRP can gain past $0.53.
The release of the US CPI data is expected to see a price breakdown, and the price is more likely to retrace. Nevertheless, the news could ignite a rally if the data is positive.
Terra USD Classic (USTC)
USTC seems to be losing the bullish momentum that it has commanded over the past few days. CoinGecko shows that USTC has increased by around 65% over the past week. The coin's recent rally fuelled speculation about whether USTC will repeg back to the dollar.
At the time of writing, USTC was trading at $0.0495 after a 3.7% decline over the last 24 hours. The decline reflects the trend across the broader cryptocurrency market. The rally witnessed over the past week saw USTC reach $0.062, but it is now retracing from these levels.
USTC seems to be losing the support of buyers, and the selling pressure could see the coin dropping to $0.038 while bulls could push prices to $0.060. Over the last 24 hours, USTC has reported trading volumes of $275 million.
While the rest of the market is recording declines, TAMA has defied the odds and is among the few coins trading in the green zone over the past 24 hours. At the time of writing, TAMA was trading at $0.0431 after an 0.187% gain in 24 hours.
TAMA has registered a bullish sentiment over the past few weeks after a 98% gain in two weeks. TAMA has traded between $0.0343 to $0.0446, indicating mild volatility. If the upswing can continue, TAMA could break out past $0.050.
The recent explosion in TAMA's price could be triggered by the ultra-rare non-fungible tokens (NFTs) sale, which is about to draw to a close soon. These NFTs will form the center of one of the best play-to-earn games in the Tamaverse.
The Impact Project (IMPT)
IMPT is a green crypto that is ideal for ESG-conscious investors. The high interest in the presale could see it ending sooner than anticipated. The Impact Project has solid fundamentals revolving around carbon credits and green shopping.