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>\n
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 \u201ca swift rebound\u201d if retailers begin selling their holdings.<\/p>\n
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. pic.twitter.com\/tW8AzzGLjc<\/a><\/p>\n \u2014 Santiment (@santimentfeed) December 9, 2024<\/a><\/p>\n\n The seven altcoins on Santiment\u2019s list include TRON (TRX), Avalanche (AVAX), Polkadot (DOT), Internet Computer (ICP), Polygon (POL)<\/a>, Filecoin (FIL), and Celestia (TIA).<\/p>\n These crypto assets have seen significant price gains within the past two months. For example, TRX recently surged<\/a> from $0.23 to $0.43, surpassing its 2018 price high. This rapid uptrend made the crypto project\u2019s founder, Justin Sun, call TRX the next XRP (another altcoin that saw a massive surge within a few days).<\/p>\n AVAX has also seen massive gains recently, soaring from $28 to $54 within the past month. DOT also jumped<\/a> from $4.35 to $11.1 in the same time frame. The other altcoins also recorded significant price surges. These assets\u2019 values have now dropped significantly, sparking fear and uncertainty among token holders.<\/p>\n Due to the latest price tumble, Santiment hinted that retail traders might sell their holdings out of fear.<\/p>\n The market intelligence platform believes these assets could experience an impressive bounce-back if retailers offload their altcoin holdings.<\/p>\n The firm had explained in a previous report<\/a> that crypto assets often go in the opposite direction from traders\u2019 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\u2019s rebound if this trend happens.<\/p>\n The post These Crashed Altcoins Have The Best Chance to Bounce Back: Santiment<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" 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%. 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 […]<\/p>\n","protected":false},"author":0,"featured_media":27205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-27204","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27204"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=27204"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/27204\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/27205"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=27204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=27204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=27204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Altcoins Face Bearish Trend<\/h2>\n
What Could Drive the Rebound?<\/h2>\n