Why These Altcoins Are Trending Today — December 31

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.

FTT Price Analysis. Source: TradingView

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.

PEPE Price Analysis. Source: TradingView

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.

VIRTUAL Price Analysis. Source: TradingView

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.