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Keep an eye on these eight altcoins as Bitcoin recovers from its recent slump: LayerZero (ZRO), Bittensor (TAO), Render (RENDER), Hedera (HBAR), Injective (INJ), Io.net (IO), Sui (SUI), and Celestia (TIA). Historically, the fourth quarter of the year is bullish for Bitcoin and the crypto market, and these altcoins could be poised for significant gains.
Despite the overall positive outlook for the crypto market in Q4, these altcoins have experienced some recent price drops. ZRO fell 6.30% to $3.38, TAO dropped 4.50% to 506.39, RENDER plummeted 6.56% to $4.77, and HBAR fell 5% to $0.04784 in the past 24 hours. This recent volatility highlights the importance of closely monitoring price action and market trends, especially as Bitcoin navigates a critical resistance level.
INJ, IO, SUI, and TIA: Poised for Gains?
INJ is down a massive 7.09% in the past 24 hours and is trading at $18.64. In the past seven days, the altcoin crashed 15.06% and is up around 52% since October 2023. Meanwhile SUI has plummeted 7.51% and trades at $1.75. The altcoin is down 15.07% in the past week but is up a whopping 297.60% in the past year.
Read also: Celestia’s $1B Token Unlock: Will It Trigger a TIA Sell-Off?
TIA and IO have fallen 11.61% and 8.99% respectively in the past 24 hours and the two are trading at $5.27 and $1.72 at the time of writing. IO is trading at a loss of 73.29% from its all-time high while TIA is down 74.76% from the ATH.
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