The week has kicked off on an interesting note for a handful of cryptocurrencies; most notably, a select few altcoins have emerged as trending tokens this Friday.
Market participants appear to have centered these altcoins in conversations with other community members for a myriad of bullish reasons.
According to Santiment’s top trending token dashboard, leading meme coin DOGE, Polkadot’s native token DOT, and Tether’s USDT are some of the most notable altcoins and ecosystems on the list.
Dogecoin is in the public eye this weekend, with conversations centered around its unlimited supply and community-backed influence. Market participants are also raising concerns about the asset’s volatility while assessing mining profitability.
This week, DOGE stayed above the $0.16 price mark, although bullish pressure must increase to avoid a drop to lower lows.
While $0.14 marks a critical support level for the memecoin, the memecoin could target $0.26 if a breakout above the 20-EMA is recorded. At press time, DOGE is valued at $0.15 per coin.
Additionally, market players are discussing the possibility of the memecoin and XRP potentially integrating with Elon Musk’s X, formerly known as Twitter.
The debates follow the news that Elon Musk is considering restructuring the X platform to become an “everything app” designed to facilitate extensive financial transactions for its users. Whether Musk, a longtime Dogecoin proponent, will integrate the asset into the microblogging platform remains to be seen.
Market players take a closer look at Polkadot’s DOT and stablecoin issuer Tether
Like DOGE, DOT is a highly talked-about asset this weekend, with conversations ranging from price movements to community sentiments and possible growth opportunities.
DOT users have highlighted the asset’s reliance amidst market turbulence. As DOT bulls sought to validate these sentiments, the altcoin sustained a 4% bounce after making a bullish reversal, resulting in a triple bottom level formation at the $3.47 support level.
Heightened focus on stablecoins has pulled Tether (USDT) to the center of ongoing conversations among community members. Recently recorded large trading volumes, new exchange listings, airdrops, and futures trading challenges are some of the many talking points. The USDT stablecoin, pegged to the U.S. dollar on a 1:1 ratio is valued at $1 per coin.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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