Top Crypto Performers Today August 27 – Floki, Klayton, Maker
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
As major crypto prices subside ahead of key risk events later in the week including upcoming Nvidia earnings and US Core PCE inflation data, traders hunting for top crypto performers today are scouring the altcoin markets.
“The name of the company is NVIDIA. It's a cutting-edge high-tech company that’s bigger than Canada’s GDP. It's so massive that CNBC has a countdown for its earnings and Goldman Sachs says it’s the most important stock on the planet. Everyone and their grandma owns a piece of… pic.twitter.com/YUG7y351UZ
Indeed, its often the case that even then major cryptos are declining, some smaller altcoins are pushing higher.
That could be because of a bullish narrative/piece of news particular to one specific altcoin, or a positive technical development.
Either way, while Bitcoin (BTC) and Ether (ETH) are down 2-5% in the past 24 hours per CoinMarketCap, some coins are gaining.
Let’s take a look at these top crypto performers today, and assess whether they might be the best crypto to buy now.
Ethereum meme coin Floki (FLOKI) is one of the only cryptos in the green on Tuesday, making it one of the top crypto performers today.
Per CoinMarketCap, FLOKI was last up just under 4% and trading at $0.000157.
FLOKI’s gains co in wake of a promising technical development.
The FLOKI price just broke out of a three-month bearish trend channel and above its 50DMA.
Technical analysis suggests a quick retest of July highs at $0.00021 could be on the cards.
A more than 2x rally back to yearly highs in the $0.00035 area is also very possible.
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