AAVE’s TVL is rising, but its price remains lagging behind.
JTO and AERO show strong growth in TVL and trading volume, with potential risks from upcoming token unlocks.
Altcoins like RAY and BANANA see increased user activity, but price action has yet to fully reflect these gains.
The altcoin market is seeing renewed interest as Q4 approaches, with several tokens showing promising signs of growth across Total Value Locked (TVL), trading volume, and revenue. Crypto enthusiasts have taken notice, including analyst Crypto Stream, who highlighted a few top-performing tokens, raising speculation about whether this momentum can be sustained.
On Altcoins with Growing Metrics:
* $AAVE – Price is lagging, Fees are constant and TVL is up. Is the TVL increase driven by the price increase of the underlying assets?$JTO – TVL, Revenue – everything is growing. SOL unlocks are probably bullish for JTO. Careful large JTO…
— Crypto Stream (@CryptoStreamHub) September 30, 2024
Price Lagging Behind TVL Growth
One of the standout altcoins, AAVE, is showing mixed signals. Its TVL continues to rise, but its price lags. AAVE is down 8% over the past week, trading at $156.
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