"Altcoins Steal Crypto Show as Berachain, CAR Meme Coin Plummet"

Crypto Market Slows Down as Altcoins Gain Attention

The crypto market has witnessed a decline in activity over the past 24 hours, with trading volumes and investor interest showing signs of a slowdown. However, some altcoins have emerged as the most searched assets, drawing attention from investors and traders alike. Among the trending assets today are Berachain (BERA), Central African Republic Meme (CAR), and Bittensor (TAO).

Berachain (BERA)

Berachain’s native token, BERA, is one of the altcoins trending today. It currently trades at $5.03, noting a 60% drop since its launch price just four days ago. Since it surged to its post-airdrop high of $15 on February 6, BERA has been on a decline. With the waning buying pressure in the market, the new Layer-1 coin could extend this drop.

Its negative Chaikin Money Flow (CMF) confirms the strong selling activity among BERA holders. At press time, this indicator is below the zero line at -0.26. This indicator measures an asset’s buying and selling pressure over a set period by analyzing both price and volume to determine market strength. When CMF is below zero, it indicates that selling pressure is dominant, suggesting bearish momentum and a potential price decline.

If the dip continues, BERA’s value could plunge to $3.93. On the flip side, if demand soars, the coin’s price could break above resistance at $5.44 and rise to $8.11.

Central African Republic Meme (CAR)

Today, Central African Republic President Faustin-Archange Touadéra announced the launch of an official meme coin, CAR. Following the announcement, he released a video reaffirming the region’s pro-crypto stance. However, two out of four Deepware AI models have flagged the video as potentially fake, driving speculations about the token’s authenticity.

As doubts intensify, CAR’s value has continued to plunge. It currently trades at $0.13, having shed 83% of its value since it launched. If traders continue to sell their CAR holdings, the price of the meme coin could decline further to an all-time