Analysts predict that the upcoming quarter will particularly benefit altcoins, which are expected to yield larger percentage gains compared to Bitcoin $90,602. Even during the dull last two quarters of this year, several altcoins have experienced significant increases, with some cryptocurrencies rising over tenfold since the beginning of the year. This raises questions about the price targets for TIA and SUI Coin, as well as recent predictions for AVAX.
Avalanche (AVAX)
Kyledoops recently shared a new evaluation regarding Avalanche, one of the largest competitors to Ethereum $3,143. Instead of focusing on price, he highlighted on-chain activity, providing signals about AVAX’s future and noted that “Avalanche, once preferred for faster and cost-effective alternatives to Ethereum, now targets the corporate and gaming sectors.” However, the active addresses on the C-Chain have dropped to their lowest levels in a year, reflecting the general distress in the cryptocurrency market. Nonetheless, moves by major players like JPMorgan towards asset tokenization on the platform offer long-term optimism.
Despite high annual inflation hindering the price of AVAX, the network is making significant progress towards long-term goals, as evidenced by Franklin’s announcement last month.
TIA and SUI Coin Commentary
Although TIA and SUI Coin have lost some popularity on social media recently, they remain significant players in the industry. Opportunities for substantial gains arise when potential assets are overlooked amid chaos, according to analysts. An analyst known as Altcoin Sherpa shared charts regarding two undervalued altcoins, stating, “I am watching TIA at $5.10 and SUI at $1.25-$1.30.” TIA appears riskier due to its downtrend in higher time frames.
For TIA Coin, reclaiming the $5.44 support level is crucial, and the analyst suggests that $5.10 presents a strong entry point. The target prices for a bullish scenario are set at $5.84 and $6.50.