5 Altcoins to Watch as Crypto Market Rebounds: TAO, W, ETHW, APT, PYTH

The crypto market rebounded in the past 24 hours, with Bitcoin (BTC) recapturing the $62,000 price level. BTC surged 0.83% over the past day, while Ether (ETH) reclaimed $2,400, jumping 1.09%. The total digital asset market cap also rose to $2.16 trillion.

Some of the top-performing altcoins included Bittensor (TAO), Wormhole (W), EthereumPoW (ETHW), Aptos (APT), and Pyth Network (PYTH). These five altcoins show strong potential for continued short-term gains.

CoinMarketCap data shows TAO is up 12.03%, trading at $588.16, with its trading volume increasing 21.00% to $213 million. TAO’s market cap stands at $4.33 billion, making Bittensor the 23rd-largest digital asset.

Wormhole (W) also rallied, surging 9.26% to $0.3523, with a 61.55% increase in trading volume to $247 million. The cryptocurrency’s market cap stands at $908 million, ranking 73rd on CoinMarketCap. ETHW jumped 7.14% to $3.23, with a 14.70% rise in trading volume and a market cap of $348 million.

Aptos (APT) rose 0.84% to $9.03 but remains 54.45% below its all-time high of $19.90, reached in January 2023. However, APT is up around 12.06% in the past week and 54.46% in the last 30 days.

Read also: Aptos and SUI: Outperforming the Crypto Market

PYTH Towards $0.4 Mark

According to CoinMarketCap data, the PYTH token is currently struggling to break above the $0.4 price level, which is a major resistance zone for the altcoin. Since June this year, PYTH has been unable to retain price action above $0.4 and is currently consolidating between $0.4 and 0.24 price levels.

In the past 24 hours, PYTH has skyrocketed 5.83% and is trading at $0.3354 while nosediving 5.76% in the last seven days. In the past 30 days, PYTH has surged by a massive 24.80% but is down a substantial 48.79% since October 2023.