Why These Altcoins Are Trending Today — May 1

2025-5-2 17:07

As more traders adopt a “wait and see” approach, the total cryptocurrency market capitalization has managed to edge higher, recording a $12 billion increase over the past 24 hours. 

Amid this, select altcoins are drawing trader attention. Among the top trending tokens today are Worldcoin (WLD), Akash Network (AKT), and MANTRA (OM).

Worldcoin (WLD)

The Sam Altman-linked token WLD is among today’s top-trending altcoins, driven by renewed interest following major rollout updates. 

World (formerly Worldcoin) has officially launched operations in six U.S. cities: Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco. Adding to the momentum, the company has partnered with payments giant Visa to offer a World-branded card, further signaling its push toward mainstream integration.

Interestingly, WLD’s performance remains slightly lackluster. It currently trades at $1.08, noting a 1% price dip over the past day. On the daily chart, its negative Balance of  Power (BoP) confirms the selling pressure among WLD’s spot market participants.

As of this writing, the indicator is at -0.29. A negative BOP reading like this indicates sellers dominate the market, suggesting increased bearish control over price action. If this continues, WLD’s price could fall to $0.97.

WLD Price Analysis. Source: TradingView

Conversely, if buying activity spikes, the token’s price could rally to $1.18

Akash Network (AKT)

AKT is another altcoin trending today. It exchanges hands at $1.71 and is up by 24% over the past 24 hours. During the review period, its trading volume has climbed 291%, totaling $251 million at press time. 

When an asset’s price and daily trading volume surge, it signals strong market interest and heightened investor activity. This combination suggests a bullish trend for AKT and hints at a potential rally continuation if demand remains high. 

In this scenario, AKT could extend its rally to reach $1.75. 

AKT Price Analysis. Source: TradingView

On the other hand, if trading activity reduces, AKT’s price could drop toward $1.46. 

MANTRA (OM)

Mantra’s OM is also among today’s trending altcoins. It has struggled under significant bearish pressure since plunging to a 13-month low of $0.37 on April 13. 

On the daily chart, its Relative Strength Index (RSI) remains in the oversold territory. Notably, the momentum indicator has remained flat since the price dip of April 13. This trend signals persistent bearish momentum with no clear sign of recovery or renewed buying pressure for OM.

If selling pressure intensifies, OM could fall to $0.37.

OM Price Analysis. Source: TradingView

However, its value could reach $0.60 if demand trickles into the market.

The post Why These Altcoins Are Trending Today — May 1 appeared first on BeInCrypto.

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trending today altcoins may these reversals potential

Источник: beincrypto.com

trending today → Результатов: 126


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