Internet Computer

Filecoin

Polkadot

Polygon

Celestia

<p>Most top crypto assets saw a significant price drop within the past 24 hours. As of press time, some had crashed by as much as 15%.</p>
<p>Market intelligence platform Santiment revealed a glimmer of hope amid the bearish trend. The platform mentioned seven altcoins that saw the worst hit in a tweet, adding that they could see “a swift rebound” if retailers begin selling their holdings.</p>
<blockquote class="twitter-tweet">
 <p dir="ltr" lang="en">Altcoins, particularly those that have surged significantly during this 2-month bull rally, have plummeted today. If retail traders react with fear and begin selling off their bags, expect a swift rebound to assets like TRX, AVAX, DOT, ICP, POL, FIL, and TIA. <a href="https://t.co/tW8AzzGLjc" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/tW8AzzGLjc</a></p>
 <p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1866234486717091865?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 9, 2024</a></p>
</blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<h2 id="altcoins-face-bearish-trend">Altcoins Face Bearish Trend</h2>
<p>The seven altcoins on Santiment’s list include TRON (TRX), Avalanche (AVAX), Polkadot (DOT), Internet Computer (ICP), <a href="https://cryptopotato.com/polygon-begins-transition-from-matic-to-pol-heres-what-you-need-to-know/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Polygon (POL)</a>, Filecoin (FIL), and Celestia (TIA).</p>
<p>These crypto assets have seen significant price gains within the past two months. For example, TRX <a href="https://cryptopotato.com/is-tron-trx-the-next-ripple-xrp/" data-wpel-link="internal" rel="noopener noreferrer nofollow">recently surged</a> from $0.23 to $0.43, surpassing its 2018 price high. This rapid uptrend made the crypto project’s founder, Justin Sun, call TRX the next XRP (another altcoin that saw a massive surge within a few days).</p>
<p>AVAX has also seen massive gains recently, soaring from $28 to $54 within the past month. DOT also <a href="https://cryptopotato.com/bitcoin-reclaims-68k-level-dogecoin-and-polkadot-register-impressive-gains-market-watch/" data-wpel-link="internal" rel="noopener noreferrer nofollow">jumped</a> from $4.35 to $11.1 in the same time frame. The other altcoins also recorded significant price surges. These assets’ values have now dropped significantly, sparking fear and uncertainty among token holders.</p>
<p>Due to the latest price tumble, Santiment hinted that retail traders might sell their holdings out of fear.</p>
<h2 id="what-could-drive-the-rebound">What Could Drive the Rebound?</h2>
<p>The market intelligence platform believes these assets could experience an impressive bounce-back if retailers offload their altcoin holdings.</p>
<p>The firm had explained in <a href="https://cryptopotato.com/bitcoin-will-hit-new-ath-only-after-this-changes-santiment/" data-wpel-link="internal" rel="noopener noreferrer nofollow">a previous report</a> that crypto assets often go in the opposite direction from traders’ expectations. A bearish outlook towards these assets can prepare them for a bullish uptick. In other words, a bearish trend can drive the altcoin family’s rebound if this trend happens.</p>
<p>The post <a href="https://cryptopotato.com/these-crashed-altcoins-have-the-best-chance-to-bounce-back-santiment/" rel="noopener noreferrer nofollow">These Crashed Altcoins Have The Best Chance to Bounce Back: Santiment</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.</p>

These Crashed Altcoins Have The Best Chance to Bounce Back: Santiment

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