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3 New Cryptos Launched This Week to Keep an Eye On

3 New Cryptos Launched This Week to Keep an Eye On

BeInCryptoBeInCrypto2024/12/20 12:00
By:Tiago Amaral

UFD, TURBO, and MVRS are gaining momentum. Price dips and overbought RSI levels signal potential entry points.

Unicorn Fart Dust (UFD), Based Turbo (TURBO), and Magaverse (MVRS) are three newly launched coins gaining traction in the crypto market. UFD, with over 35,000 holders and 162,000 daily transactions, has dropped 30% in the last 24 hours, presenting a potential buying opportunity with an RSI of 63.

TURBO, on the other hand, has quickly amassed 166,000 holders and $2 million in daily volume, but high bot activity raises caution despite its strong launch. MVRS, tied to a political narrative surrounding Donald Trump’s presidency, has $11 million in daily volume and an RSI of 67, suggesting a possible correction that could serve as an entry point.

Unicorn Fart Dust (UFD)

UFD launched on Pump.fun three days ago before graduating to Raydium. It quickly gained traction, with over 35,000 holders and 162,000 daily transactions. These figures highlight strong community interest and active engagement in the token’s ecosystem.

3 New Cryptos Launched This Week to Keep an Eye On image 0UFD Price Chart and Market Data. Source: Dexscreener

Despite a daily trading volume of $177 million, UFD is down nearly 30% in the last 24 hours, likely due to profit-taking after its rapid rise. This correction introduces volatility but could attract new buyers looking for an entry point.

With an RSI of 63, UFD is nearing overbought territory but remains below critical levels. The recent dip may provide a good opportunity for entry, as the selling pressure could stabilize and pave the way for a recovery.

Based Turbo (TURBO)

Based Turbo (TURBO) was launched on Base nearly five days ago and has quickly amassed over 166,000 holders. This rapid growth reflects strong initial interest in the token within Base chain.

3 New Cryptos Launched This Week to Keep an Eye On image 1TURBO Price Chart and Market Data. Source: Dexscreener

Its daily volume is approaching $2 million, supported by over 110,000 transactions. However, a significant number of these transactions have been identified as bot activity, raising concerns about the sustainability of its surge.

With an RSI of 61, TURBO is nearing overbought territory but remains below critical levels. While the token’s activity may signal short-term opportunities, users should proceed with caution due to the high bot activity, which could lead to sudden price volatility or manipulation.

Magaverse (MVRS)

MVRS was launched on Solana over five days ago and has gained over 7,000 holders. Its daily volume is nearing $11 million, and there are over 75,000 transactions per day. While these metrics indicate solid activity, the number of holders is modest for Solana coins.

3 New Cryptos Launched This Week to Keep an Eye On image 2MVRS Price Chart and Market Data. Source: Dexscreener

MVRS could potentially capitalize on the upcoming political momentum when Donald Trump assumes the presidency of the United States. As with other political coins, MVRS has potential appeal during key events.

With an RSI of 67, MVRS is approaching overbought levels and has risen 30% in the last 24 hours. If a correction occurs, it could provide a favorable entry point for those looking to capitalize on its political narrative and growing market interest.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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