Potential Downtrend in These 5 Altcoins: Deepening Decline Possible!

• Bitcoin’s recent bearish trend has had a significant impact on the altcoin market.
• Several altcoins have experienced notable declines in the past 24 hours.
• Among the most affected are Sui (SUI), Worldcoin (WLD), Bittensor (TAO), Lido DAO (LDO), and SingularityNET (AGIX).

Bitcoin’s recent downturn has sent ripples through the altcoin market, with several coins experiencing significant losses. This article delves into the five altcoins that have been most affected in the past 24 hours.

1- Sui (SUI)

Having made a strong start to 2024, SUI has since lost momentum. The shift in trends and Bitcoin’s downward trajectory have led to a decline in this popular altcoin, which lost 6.50% in value in the last 24 hours, placing it at the top of the list. Investors and the ecosystem are watching the developments in SUI with surprise.

2- Worldcoin (WLD)

WLD, one of the first altcoins that comes to mind when artificial intelligence is mentioned, has experienced a 5.80% decline in the last 24 hours. WLD, which has occasionally capitalized on the AI trend, has started to cause concern with this development. Currently trading at $5.50, WLD could see larger sell-offs if it fails to maintain this level as support.

3- Bittensor (TAO)

TAO, another popular name in the AI category, has lost 5.50% in value in the last 24 hours. The altcoin, which frequently makes headlines with its high market value and advanced technology, has unsettled many crypto investors with this price move.

4- Lido DAO (LDO)

LDO, which usually mirrors Ethereum’s price structure, has diverged this time, drawing attention. The altcoin, which pulled back 5.30% with the BTC decline, entered the list in fourth place. If ETH recovers, volatile price movements could start in LDO.

5- SingularityNET (AGIX)

AGIX, one of the standout altcoins in the AI field, recorded a 4.60% decline in the last 24 hours. With this decline, AGIX, which took the fifth place on the list, disappointed its investor community. The demand shown to the AI trend will be decisive in AGIX’s price movements.

Conclusion

The recent downturn in Bitcoin has had a significant impact on the altcoin market, with several coins experiencing notable declines. Investors should conduct their own research before making any investment or trading decisions.