The cryptocurrency market has evolved over the past few years, with newer tokens gaining more attention and adoption than other traditional altcoins. The top 10 cryptocurrencies have been growing slightly since the market turned around in the fourth quarter of 2023. Market trends have rebounded in the first few days of 2023, but some have failed to gain bullish momentum.
Meanwhile, some projects received attention for the first time in a long time, and some were acquired immediately upon release. As of early 2024, some of these altcoins have been making a lot of noise within the cryptocurrency space. Therefore, it is now believed that this token could have a major impact on the upcoming bull market. Some of the tokens that could trigger a strong uptrend in 2924 and maintain the trend for a long time are:
Manta Network (MANTA)
Manta Network, Web3’s modular ecosystem, has been making great strides recently. The price began its trading journey with a huge bullish candle rising from around $0.05 levels to a high of $3.33. The price is finding new highs as the current rally is hitting new ATHs every day. The token is maintaining an upward trend and may continue to do so, but a short-term decline may soon emerge as the RSI reaches high resistance in the near term.
Sui (SUI)
Sui is a layer 1 blockchain and smart contract platform that started its trading journey with a huge green candle. The price formed a new ATH at $1.72 on the first day of trading, and despite the price drop, the token underwent a parabolic recovery and gained levels close to $1.4. Technicals favor bullishness, and volume also supports an upward trend. Therefore, the SUI price is expected to maintain a good upward trend and reach the $2 level soon.
Polygon Ecosystem Token (POL)
The Polygon ecosystem token is a future upgrade token for the Polygon ecosystem and the MATIC token is expected to be upgraded to POL. Since MATIC is a layer 2 chain operating for Ethereum, the POL smart contract has been activated on the Ethereum mainnet. The migration could allow MATIC or POL to establish a new bullish trend and achieve new highs in the future. This could cause the price of POL to initially surge past $1 and later push towards new highs.
Celestia (TIA)
As the first modular blockchain, Celestia allows users to deploy blockchains with minimal overhead. TIA price is trading within a rising parallel channel and the price is trying hard to break out of the lower support level. RSI has triggered a bullish divergence, which may raise bullish hopes for the upcoming trend. The price may soon recover to $20 and continue to hit new highs every day.