Altcoin Winners and Losers in Latest Bull Run: A Comparative Analysis

• 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.

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.

Also, network fees remain constant, indicating steady platform usage, but investors are questioning whether new capital inflows or just the rise in asset prices are behind the TVL increase.

The Jito (JTO) token also demonstrated consistent growth in TVL and revenue but has dipped by 2.3% today. The altcoin is also expected to benefit from upcoming Solana (SOL) unlocks, which could further boost its value. However, Crypto Stream sounded a note of caution, pointing to large JTO token unlocks scheduled for December.

AERO: Retail Hype Fuels Price Surge

AERO has been one of the biggest success stories of late, with trading volume reaching one of its best weeks in recent history. This month, the price has surged by 100%, rallying from $0.53 to above $1.2.

The analyst observed that retail interest is rapidly increasing amid the ongoing surge. With the altcoin gaining hype among smaller investors, AERO could continue its upward trend.

Solid Metrics but Mixed Price Action

RAY has also seen a sharp increase in trading volume, fees, and revenue toward the end of September, with the added boost of a token buy-back program. This type of buy-back usually supports the token price by reducing circulating supply, but its long-term impact remains to be seen.

Meanwhile, BANANA has recorded five consecutive weeks of volume growth, attracting new users. Despite this solid user activity, the token’s price has not reflected these gains.

LVL is another altcoin that’s experiencing fast-paced volume growth. However, with team token unlocks approaching, there’s some concern that this could lead to selling pressure in the near future. 

SUI has also enjoyed a rise in TVL, driven by not just price appreciation but also an inflow of stablecoins and increased on-chain activity. This diversified growth could provide a strong foundation for SUI heading into Q4, positioning it as a key player to watch.