The crypto market did not respond positively to the Fed interest rate cut. Although at the time of reporting, the market was slightly up, the overall performance did not meet expectations. In the US, some trending coins stood out among hundreds of thousands of other coins. Today, let’s dive into the price performances of the top three cryptocurrencies that are trending in the US, according to CoinMarketCap: Dash (DASH), Starknet (STRK), and Hemi (HEMI).
Dash (DASH)
Current price: $47.5
Market cap: $592.85 million
Dash is currently going through a descending triangle, which means the price would go down steeply and then surge. The cryptocurrency has been trading at lows until September, and then made a dramatic move to skyrocket to $61.20 on October 13. Dash’s current price, $46.8, has crossed its shortest resistance of $45.2. However, it should at least climb by 34.51% to reach its last year’s all-time high, which is $71.5.
At the time of reporting, DASH was hovering at a 9.54% high in the past 24 hours and 19.94% in the past week. Bullish sentiment toward the coin shows green at 84%, while bearish sentiment sits at 16%.
Starknet (STRK)
Current price: $0.109
Market Cap: $470.9 million
Starknet (STRK) is a Layer-2 scaling solution on Ethereum designed to process transactions faster and reduce fees. The coin is slightly up (0.17%) in the past 24 hours and is currently below $0.11 support level. The overall trading structure of STRK shows lower highs and lower lows, a typical downtrend channel. For a long time, it has been moving between $0.10–$0.19 range, and has no signals of breaking this zone in the near future, unless favorable situations arise.
Community sentiment toward Starknet is 69% bullish and 31% bearish, according to CoinMarketCap.
Hemi (HEMI)
Current price: $0.041
Market cap: $40.89 million
Hemi has exhibited a typical blow-off top pattern, meaning its price surged gradually before going down in a similar fashion. It reached a maximum $0.19, and cascaded to the current price — $0.041. In other words, the coin was going through a parabolic curve due to rapid price rise fueled by momentum, which then led to a sharp correction (price drop).
The US crypto market remained cautious following the Fed’s interest rate cut; however, the wait proved largely fruitless, as most coins did not react as expected. Whatsoever, Dash, Hemi, and Starknet continued to capture investor attention with different trading patterns and varying community sentiment. These three coins highlighted diverse momentum, correction, and persistence across the growing crypto landscape.
