The post Investors Eye Altcoin Gains as Market Stabilizes appeared on BitcoinEthereumNews.com.

The anticipation for altcoins to outperform Bitcoin in the coming quarter is growing among investors, as experts highlight the potential for significant percentage increases. Despite a stagnant performance in the last two quarters, several altcoins have posted remarkable gains, with some tokens appreciating more than tenfold since the start of the year. This development is drawing attention to the price forecasts for TIA and SUI Coin, alongside recent projections for AVAX, sparking curiosity among market participants. Will Avalanche (AVAX) Overcome Current Challenges? According to Kyledoops, a noted evaluator, Avalanche‘s future seems promising despite current hurdles. The emphasis is on the blockchain’s on-chain activity rather than just its price, as it pivots towards corporate and gaming sectors. However, there’s been a concerning drop in active addresses on the C-Chain, marking a year-low and underlining broader market challenges. Nevertheless, influential players like JPMorgan show interest in asset tokenization on Avalanche, suggesting potential long-term gains. What’s Next for TIA and SUI Coin? While TIA and SUI Coin have seen diminished visibility on social platforms, they continue to hold ground in the crypto sphere. Analysts assert that the chaos in the market presents chances to capitalize on overlooked assets. Altcoin Sherpa, a market analyst, revealed charts for two undervalued altcoins, indicating, “I am watching TIA at $5.10 and SUI at $1.25-$1.30.” TIA is perceived as riskier due to its negative trend across longer time frames. – For AVAX, recent insights hint at its potential despite falling active addresses, signaling possible long-term growth. – TIA Coin needs to reclaim the $5.44 support level, with a recommended purchase point at $5.10. Bullish targets are set at $5.84 and $6.50. – SUI Coin, although undervalued, presents opportunities according to analyst observations. The altcoin market is witnessing increasing interest as market stability returns. Investors are closely watching for…

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Filed under: News - @ September 22, 2024 7:24 pm