Surviving the Storm: Top Altcoins That May Resurrect Post-Market Crash

In the wake of the crypto market’s most dramatic crash in recent history, one might wonder, which altcoins managed to keep their heads above water while the rest of the world seemed to fall into chaos?

On August 5, the crypto market cap plummeted to $1.81 trillion due to a global market crash, with Bitcoin suffering a staggering 25% drop over the past week alone. In the midst of such turmoil, where most altcoins have been beaten with declines of 40-50%, there are some that have shown remarkable resilience and even surged against the tide.

Curiosity peaks as we examine how these altcoins not only survived but thrived during one of the darkest moments in crypto space. As if these tokens had a secret recipe for staying floated despite the storm.

Let’s delve into the standout performers: AAVE, ORN, TAO, SUI, WIF, TON, and NOT. Each of these coins has a unique story of how they navigated the market crash and emerged with promising prospects for the future.

1. AAVE

AAVE, a decentralized finance (DeFi) ecosystem, has shown impressive fortitude despite the market chaos. While the broader crypto market was reeling, AAVE managed a 35% rebound after testing its support range. This resilience is driven by several bullish factors: over 800 days of accumulation, a substantial $6.5 billion in borrowed assets, and a newly proposed fee switch activation to enhance token value.
                   

With the DeFi sector expected to grow, AAVE’s sustained performance suggests it might target $350 or beyond in the coming months. Despite the massacre, AAVE just retested support for this macro range and bounced back 35%. AAVE’s all-time high was $661.69 on May 18, 2021, a level that may be reached again in a bull run.

2. Orion (ORN)

Orion Protocol (ORN) has also emerged as a hope of strength. Despite the severe market downturn, ORN saw a 14.65% increase in price, a stark contrast to the overall market trend. Even with a significant drop in trading volume, ORN’s potential for substantial upside remains intact, with targets around $3.2. This indicates a fundamental strength that could lead to significant gains as the market stabilizes. 

ORN’s all-time high was $29.29 on March 22, 2021, and despite the recent market action, its target remains unchanged with a potential 2,142% upside.

3. TAO & SUI

TAO and SUI have garnered attention following their inclusion in Grayscale’s new investment trusts. The Grayscale Bittensor Trust focuses on TAO, while the Grayscale Sui Trust invests in SUI. 

TAO has demonstrated resilience by validating its support level and moving towards a target of $348, with an impressive 11x gain in the past.

SUI, gradually establishing itself as a leading layer-1 blockchain, has shown promising trends that appeal to both retail and institutional investors. Despite recent downturns, SUI’s potential for growth remains strong, making it a noteworthy investment.

TAO’s all-time high was $767.68 on April 11, 2024, and its all-time low was $30.40 on May 14, 2023, reflecting a significant gain of 772.96%. SUI’s all-time high was $2.18 on March 27, 2024, and its all-time low was $0.3643 on October 19, 2023, showcasing a 75.08% gain. 

4. Dogwifhat (WIF)

Memecoins, often underestimated, have proven their worth in the current market turmoil. Dogwifhat (WIF) is one such token that has shown significant promise. With a price surge lifting its RSI from an oversold 26 to a neutral 42 within a day, WIF’s performance mirrors the broader trend of memecoins gaining traction.

This highlights the growing significance of memecoins in the crypto landscape, with WIF positioned to deliver impressive returns as the market recovers. WIF’s all-time high was $4.85 on March 31, 2024, and its all-time low was $0.0677 on January 8, 2024, reflecting a remarkable 2,489.79% gain.

5. TON

The TON blockchain has seen explosive growth in gaming, Recent clicker games have attracted significant attention, with Telegram’s gaming user base soaring from 1% to 20% of its 950 million users. Games like Notcoin and Hamster Kombat are drawing newcomers by offering token rewards. 

The TON token (TON) reflects this trend, reaching an all-time high of $8.24 in June 2024, though it’s currently down 31.94% from its peak. Despite this, it has surged 1335.53% since its all-time low of $0.3906 in September 2021, showing strong support and growth potential.

TON Foundation’s Inal Kardan highlights that while current games focus on community building and traffic monetization, future strategies will shift post-Token Generation Event (TGE). Games such as Catizen and Yescoin are set to boost engagement with token airdrops.

6. Notcoin (NOT)

Notcoin (NOT), which started as a viral Telegram game, has evolved into a comprehensive community token. Its innovative approach, combining gamification with web3 functionality, has created a vibrant ecosystem. Despite the market downturn, NOT has shown resilience with a rebound from recent lows. The token’s unique model and strong community engagement position it as a compelling candidate for future growth, offering exciting opportunities in the web3 space. NOT’s all-time high was $0.02896 on June 2, 2024, and its all-time low was $0.004605 on May 24, 2024, showcasing a gain of 145.86%.

Conclusion

In summary, while the recent crypto market crash has undoubtedly shaken investor confidence, AAVE, ORN, TAO, SUI, WIF, TON, and NOT have emerged as bright spots. These altcoins have demonstrated remarkable performance amidst the chaos, making them prime candidates for those looking to invest in tokens with strong future prospects. 

As the market stabilizes and sentiment shifts, these tokens are set to play a significant role in the next phase of the crypto market’s evolution. Investors and enthusiasts should keep a close watch on these standout performers as they navigate the post-crash landscape and uncover new opportunities for growth.

Also Read: Crypto Free Fall: Any chance for a Bitcoin Bull Run in 2024?