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Cryptocurrency News Articles

MANA, PEPU, and ARC Are Attracting Significant Attention as Newly Launched Tokens With Strong Activity

Dec 14, 2024 at 04:30 am

Raydium, has over 13,000 holders and 44,000 daily transactions, despite its market cap dropping to $21.6 million from a $44 million peak.

MANA, PEPU, and ARC Are Attracting Significant Attention as Newly Launched Tokens With Strong Activity

Recently launched tokens, MANA, PEPU, and ARC, are quickly gaining attention with strong activity.

After its initial launch on Pump.fun and subsequent graduation to Raydium, Meme Anarchic Numismatic Asset (MANA) has amassed over 13,000 holders and 44,000 daily transactions. Despite a drop in its market cap to $21.6 million from a peak of nearly $44 million, the token continues to see strong activity.

With an RSI of 51 and a drop in price of 8% in the last 24 hours, some may find this to be a potential entry point.

PEPU, a meme coin in the Ethereum ecosystem, has quickly risen through the ranks with over 60,000 holders and $52 million in daily volume. Launched just three and a half days ago, its market cap is currently at $248 million, down from a peak of nearly $500 million.

Its RSI is at 30, indicating that the token is in oversold territory. This metric, combined with its rapid adoption and substantial trading volume, suggests that a rebound could be on the horizon.

If PEPU manages to capitalize on this momentum, it could continue to rise as one of the leading new coins in the next few days.

Finally, AI Rig Complex (ARC) has also seen a quick ascent with over 40,000 daily transactions and 11,600 holders. Its market cap is $93 million, and its daily trading volume of $42 million highlights strong market interest in ARC.

With an RSI of 69.75, the coin is approaching the overbought zone but remains just below it. Historically, its RSI has crossed above 70 before a correction, yet its momentum continued for a time before retracing.

Given its high transaction activity and substantial trading volume relative to its market cap, ARC may still have room to rise. The strong market engagement suggests the coin’s current trajectory could push it further upward before any significant pullback.

Original source:beincrypto

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