Have the Classical Tokens Lost Their Glory?

reportcryptos.com
4 Min Read

The crypto markets have evolved in the past few years as the latest tokens are gaining more attention and adoption than the other traditional altcoins. The top 10 cryptos have been growing marginally ever since the markets flipped during the last quarter of 2023. Although market trends rebounded in the first few days of 2023, some of them failed to gain bullish momentum.

In the meantime, some projects received attention after a long time, while others were acquired soon after their launch. Since the beginning of 2024, some of these altcoins have been making huge noise within the crypto space. Therefore, it is now believed that these tokens may have a huge impact on the upcoming bull run. Here are some of the tokens that have ignited a strong upswing and may sustain the trend for a long time in 2924.

Manta Network (MANTA) 

Manta Network, the modular ecosystem for Web3, has displayed some spectacular moves in recent times. The price initiated the trading journey with a huge bullish candle, rising from the levels around $0.05 to the high of $3.33. Currently, the price is discovering new highs as the rally is achieving new ATH every new day. The token is maintaining an elevated trend and may continue to do so, but a short-term pullback could be on the horizon as the RSI in the short term has hit the upper resistance.

Sui (SUI)

Sui is a layer-1 blockchain and smart contract platform that also began its trading journey with a massive green candle. The price formed the new ATH at $1.72 on the very first day of its trade, and despite a pullback, the token underwent a parabolic recovery to gain levels close to $1.4. The technicals are in favour of the bulls, and the volume is also underpinning the rising trend. Therefore, the SUI price is believed to maintain a fine upswing and eventually achieve the $2 milestone shortly.

Polygon Ecosystem Token (POL)

The Polygon Ecosystem Token is an upcoming upgrade token for the Polygon ecosystem, and the MATIC token is expected to get upgraded to POL. The POL smart contracts have gone live on the Ethereum mainnet, as MATIC is a layer-2 chain working for Ethereum. With the migration, the MATIC or POL could set up a fresh bullish trend and achieve new highs in the coming days. With this, the POL price may surge beyond $1 initially and later head towards new highs.

Celestia (TIA)

The very first modular blockchain, Celestia, allows users to deploy their blockchain with minimal overhead. The TIA price is trading within an ascending parallel channel, with the price trying hard to bounce off the lower support. The RSI has triggered a bullish divergence, which may induce bullish hopes for the upcoming trend. The price may soon regain $20 and continue to mark new highs every day.

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