beincrypto.com
Altcoins like FTX Token ($FTT), $PEPE, and Virtuals Protocol ($VIRTUAL) are making headlines on the last day of 2024. $FTT is up over 7% in the past 24 hours, driven by news surrounding its former CEO Sam Bankman-Fried.
Meanwhile, $PEPE has gained nearly 1400% over the past year, with traders eyeing a year-end close above $0.00002. $VIRTUAL, now the largest AI-focused cryptocurrency, continues its impressive rally, up 150% in the last 30 days, as it capitalizes on the rising trend of AI agents.
FTX Token ($FTT)
FTX has returned to the spotlight with several significant developments over the past few days. Reports suggest that Sam Bankman-Fried, its former CEO and founder, is potentially under consideration for a presidential pardon, while former FTX executive Ryan Salame has had his prison sentence reduced by one year.
Currently, FTX is up over 7% in the last 24 hours, reflecting the positive sentiment driven by recent news. If the token manages to break through the resistance at $3.87, it could pave the way for a further rally toward $4.18.
However, if the current uptrend weakens, the price might test support at $3.55, and failing to hold that level could push it down to $3.32.
$PEPE
$PEPE has experienced an extraordinary rise, gaining nearly 1400% over the past year to continue as the third-largest meme coin in the market. With a market cap of approximately $8 billion, $PEPE trails only Shiba Inu and Dogecoin in the meme coin category.
In the last 24 hours, $PEPE has gained more than 7%, with traders eyeing a potential year-end close above $0.00002. If the current momentum holds, the token could test resistances at $0.0000216 and $0.0000226, with the possibility of reaching $0.0000247 if those levels are broken.
However, if the uptrend falters and $PEPE loses the critical support at $0.00001955, it could decline toward $0.000017. These key levels will likely define $PEPE price trajectory as 2024 draws to a close.
Virtuals Protocol ($VIRTUAL)
$VIRTUAL continues its impressive rally, reaching new all-time highs and climbing over 8% in the past 24 hours. It has now become the largest AI-focused crypto, surpassing RENDER in market cap.
The coin has capitalized on the growing narrative around crypto AI agents, which has driven its 150% surge in the last 30 days.
If the current uptrend persists, $VIRTUAL could test key thresholds at $3.85 or even $4, marking significant milestones in its ongoing ascent. However, should the enthusiasm around AI or crypto AI agents wane, the token’s price might face a pullback, potentially testing the support level at $3.33.
A break below that support could lead to further declines, with prices dropping as low as $2.85 or even $2.23.