$JASMY, $SUI, $POL Trend as Bitcoin Slows Below $100K

itcoin recently pulled back from above $103,900 to below $100,000. This move has prompted investor attention to shift away from Bitcoin towards altcoins, fueling rising trading volumes in obscure tokens. This indicates a temporary stop of Bitcoin’s momentum thus, market participants are looking for more attractive returns elsewhere.

JasmyCoin & SUI Dominate Altcoin Momentum

JasmyCoin (JASMY) has become one of the hottest cryptocurrencies over the past few days. JASMY is up 20.61% in the past 24 hours from $0.04668 to a high of $0.05868 with a total market cap of $2.5 billion. At press time, JASMY is trading at $0.05251 and up by 104% in the past week. JASMY is also gaining momentum on social media with many also sharing speculation of its further potential.

Likewise, SUI has been making some gains. It has been trending higher in mentions on social media platforms, suggesting that there's growing interest from retail and institutional investors alike. SUI's price action is stable and its expanding online presence makes it one to watch over the next few weeks.

Breakouts Set For ADA, XRP; POL Nears $1

Two of the top ten crypto giants— Cardano (ADA) and Ripple (XRP), are still waiting for their much-expected breakouts. That delay has come at a time when analysts were predicting that these tokens would continue to new all-time highs, with the focus moving to altcoins.

At the same time, Polygon’s $POL token is speeding to the $1 mark. With a current price of $0.669, the token has gathered considerable interest from traders, further contributing to the narrative of altcoin dominance in the ongoing market cycle.

As altcoins see renewed interest, they may also do so along a risk-as-asset/diversification theme that has otherwise kept flowing through the crypto space in recent months. As Bitcoin also shows signs of price stabilization, investors have a growing appetite for alternatives with growth potential. The altcoin market is a gesture revolving around shares, with tokens such as POL eyeing key targets, giving traders expectations of new possibilities.