These 5 altcoins are feeling the heat of the market:
1. **dogwifhat (WIF):** The Solana ecosystem's memecoin #WIF has seen a sharp 12 percent drop in the last 24 hours, sparking concern among investors and impacting the memecoin trend in Solana. If the decline in WIF persists, interest in memecoins within the Solana ecosystem may dwindle.
2. **Helium (HNT):** HNT, favored by miners, has dipped by 9.60 percent in the last 24 hours, unable to resist the broader Bitcoin downturn. Investors in #HNTUSDT are anxiously awaiting signs of stabilization.
3. **Injective (INJ):** After an impressive start in early 2024, INJ is now facing selling pressure, with an 8.50 percent decrease in the last 24 hours. The attention of crypto investors has shifted towards new trends and projects, pushing #INJ into the background. Without positive developments from the ecosystem, the decline in INJ may persist.
4. **Jupiter (JUP):** Solana's largest decentralized exchange, #JUP, has seen an 8.20 percent decline in the last 24 hours. Despite Solana's relative strength, the drop in JUP's value is puzzling.
5. **Akash Network (AKT):** AKT, a popular altcoin in cloud service provision, has dropped by 7.80 percent in the last 24 hours. Despite recent upward momentum, #AKT seems to have lost steam with this decline. The $4.50 mark for AKT may prove crucial in the short to medium term.