Why These Altcoins
Are Trending
Today — January 8
The crypto market experienced its first significant correction, shedding over
$227 billion in value. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s drop below the $100,000 mark triggered
declines across several altcoins, adding to the bearish momentum.
BeInCrypto has analyzed three altcoins that have captured attention and are
trending today, trending for unique reasons amidst the market turmoil.
SonicSVM (SONIC)
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SONIC gained significant attention in the crypto market over the last 24 hours
due to its highly anticipated token generation event on Tuesday. This event
has positioned SONIC as a trending topic within the altcoin space,
highlighting its growing presence in the blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн gaming ecosystem.
As part of the layer-2 gaming chain’s development on Solana , SONIC announced
that participants in its TikTok-inspired tap-to-earn game would receive
airdropped tokens based on their in-app progress. This strategic move aims to
incentivize user engagement while enhancing the token’s utility within the
platform. SONIC Price Analysis. Source: TradingView
After its launch, SONIC experienced a notable price surge from its initial
listing, currently trading at $0.93. The token is attempting to secure the
$1.00 level as support. However, bearish market conditions might challenge its
ability to sustain this critical level, potentially affecting its short-term
outlook.
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Virtuals Protocol (VIRTUAL)
VIRTUALS price has been under scrutiny following a significant 23% decline
over the past week. This drop marked a sharp reversal from its previously
bullish trajectory, raising concerns among investors about the altcoin’s
ability to regain momentum in the near term.
The loss was particularly notable as VIRTUAL had surged by 155% just a month
prior, reaching a new all-time high of $5.25. This rapid rise showcased strong
market confidence at the time, but the subsequent correction has left
investors reevaluating their positions. VIRTUAL Price Analysis. Source:
TradingView
Currently holding above $3.26, VIRTUAL has an opportunity to recover, provided
investors resist the urge to sell. A breach below $3.26, however, could
invalidate any chances of recovery, leaving the altcoin vulnerable to further
declines.
Sui (SUI)
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SUI’s price mirrored VIRTUAL’s trajectory, recording a 14.6% decline within 72
hours after reaching a new all-time high (ATH) of $5.36. The sudden drop
highlighted increasing selling pressure in the market.
The 28% year-to-date gains partially reversed as SUI slipped through $4.79
support, currently trading at $4.58. Bouncing off $4.05 support kept further
losses at bay, but investors remain cautious. SUI Price Analysis. Source:
TradingView
A continued drawdown could see SUI retesting the critical $4.05 support level.
However, reclaiming $4.79 as support might invalidate the bearish sentiment,
enabling the altcoin to regain its upward momentum.
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