CandleFocus

Why These Altcoins Are Trending Today — January 8

The crypto market has experienced a significant correction, with over $227 billion in value lost. Bitcoin's drop below $100,000 has triggered declines across altcoins. Three altcoins have captured attention amidst the market turmoil.

SONIC has gained attention due to its highly anticipated token generation event, positioning it as a trending topic in the altcoin space. Participants in its tap-to-earn game will receive airdropped tokens, incentivizing user engagement.

VIRTUAL's price has declined by 23% over the past week, raising concerns about its ability to regain momentum. Currently holding above $3.26, it has an opportunity to recover if investors resist selling.

SUI's price has mirrored VIRTUAL's trajectory, with a 14.6% decline after reaching a new all-time high. It is currently trading at $4.58 and investors remain cautious. Reclaiming $4.79 as support could enable the altcoin to regain upward momentum.

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