8 Altcoins to Watch This Week; Says Analytics Firm

Altcoins altcoin Alt Coin

Cryptocurrency analysis company Layergg has unveiled the altcoins that traders should keep a close eye on this week.

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Alternative cryptocurrencies provide opportunities for profit in a changing market. This article explores successful altcoins. However, investing carries high risks, with potential loss of all funds and no guaranteed protection. Fully understand these risks before investing.



Layergg Identifies Top Altcoins for the Week Ahead

Cryptocurrency analysis firm Layergg has released its list of altcoins to closely monitor in the upcoming week. Here are the highlighted projects:

1. Ethena (ENA)

Ethena, a promising new project, has demonstrated significant returns among major decentralized applications (dApps), generating $8 million in earnings over the past seven days. The project’s acceptance of BTC collateral has notably expanded its Total Addressable Market (TAM), although it’s noted to carry similar risks to Terra (LUNA).

2. Ordi (ORDI)

Layergg views ORDI as a primary memecoin broker, influenced by the BTC Halving cycle. Franklin Templeton issued a report on ORDI on April 4. The coin is set to be listed on Coinbase Futures on April 11, with the Stacks Nakamoto Upgrade scheduled for April 16.

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3. Phantom (FTM)

Fantom is expected to indirectly benefit from Solana’s recent network congestion due to the “horizontal scaling” trend. Founder of Yearn Finance, Andre Cronje, hinted at the ongoing Sonic upgrade and its future goals.

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4. Sublayer (ALT)

Operating within an EigenLayer space with a “Restaked Rollup trend,” Altlayer is reportedly hosting an Eigenlayer token creation event in mid-April. ALT stakers may receive EIGEN and XTER airdrops.

5. Dogecoin (DOGE)

Analysts note Dogecoin’s historical trend of maintaining upward momentum leading up to Doge Day (April 20) in recent years (2021, 2022, 2023).

6. Mantle

Mantle offers lucrative returns for MNT stakers through Ethena/Pendle. The PUFF airdrop for MNT stakers resulted in a price surge to its all-time high (ATH), contributing to Mantle’s increasing Total Value Locked (TVL) and wallet count.

7. Ankr (ANKR)

Ankr is experiencing a trend of reevaluating the use of the ANKR token due to Neura, incorporating AI, dePIN, BTC LST, and RaaS trends. An important announcement is anticipated for ANKR on April 15 during the “Stability World AI” event.

8. Stargate Finance (STG)

The imminent launch of Stargate V2 is highlighted, with Stargate Finance currently leading in bridge volume and Daily Active Users (DAU), according to Layerzero Co-Founder.


Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

 

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  • SHBAZ

    A crypto enthusiast, Loves to write, Loves to explore and stay up-to-date about the latest developments in the crypto world. #Btc #Crypto #NFT

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