5 Altcoins to Watch as Bitcoin Recovers in Q4 2024

The cryptocurrency market in general and the altcoins in particular, is showing interesting price movements, and five altcoins—NEAR Protocol (NEAR), Render (RENDER), Polygon (POL), Injective ($INJ), and Internet Computer (ICP)—have captured the attention of traders and investors.

Cryptocurrency prices are showing some resilience to the broader market trend, with five altcoins, in particular, grabbing the attention of traders and investors.

These tokens are currently seeing their prices move against the grain, despite the broader market, which has been experiencing moderate declines. Given their unique positions in the ecosystem, these assets are being closely watched by investors.

Here’s a closer look at these altcoins and their recent price performance.

NEAR Protocol, currently priced at $5.42, saw a 5.26% dip over the last 24 hours, with a trading volume of $531.4 million. The NEAR ecosystem is expanding, with new projects joining the network.

Render (RENDER) is priced at $7.19, with a trading volume of $987 million, showing a 9.33% decrease in the past 24 hours. Render provides decentralized 3D rendering services, catering to various industries, from video gaming to architecture.

POL, formerly known as MATIC, is trading at $0.43, with a 24-hour trading volume of $412.8 million, showing a 2.14% decrease. The token is closely tied to the Polygon ecosystem, which aims to enhance Ethereum’s scalability.

Injective (INJ) is currently priced at $23.25, with a 24-hour trading volume of $203.3 million, reflecting a 3.61% drop. As a Layer-2 blockchain solution, Injective powers decentralized exchanges (DEXs) and derivatives markets, offering a fast and low-cost alternative for decentralized trading platforms.

Despite the current downturn, Injective’s innovative approach to trading could lead to greater adoption down the line. The decentralized derivatives market is poised for growth, and Injective stands to benefit in the coming months.

Internet Computer (ICP) is trading at $8.87, with a 24-hour trading volume of $203.4 million, down by 3.04%.

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