Top 3 Altcoins to Keep an Eye on This Week: SOL, FTM, and LINK
Highlights:
- SOL, FTM, and LINK are the altcoins to watch in the coming week.
- These projects showcase strong technological advancements.
- They have also demonstrated significant gains over the past week.
While most market analysts concentrated on Bitcoin last week due to the spot BTC ETF disclosure trend, tokens such as Solana (SOL), Fantom (FTM), and Chainlink (LINK) have emerged as noteworthy. This article delves into their current price outlook and explains why these altcoins deserve a spot on your watchlist in the upcoming week.
Solana Stabilization Paving the Way for Growth
For much of this year, Solana struggled with network congestion, impacting its projects and community. However, with a recent mainnet fix implemented by the Solana Foundation and its ecosystem developers, the protocol has achieved greater stability. This improvement has helped Solana maintain its position among the top 5 most capitalized cryptocurrencies.
Currently, Solana is trading at $169.5, despite a 1.83% decline. Nevertheless, it has outperformed both Bitcoin and Ethereum over the past week, with a 17.32% increase compared to Bitcoin’s 7.98% and Ethereum’s 5.24%.
If Solana can sustain its current resilience and support the revival of projects in the coming week, it may experience significant growth.
Fantom Upgrades Create Bullish Potential
Fantom continues to innovate with its Directed Acyclic Graph (DAG) technology, yet remains undervalued. At present, Fantom is priced at $0.8564, down 4.19% over the past 24 hours. However, it has grown 20.55% over the past week.
Fantom recently announced new details about its Sonic Network migration, aimed at addressing scalability issues similar to those faced by Solana. With increased attention on Fantom in the coming days, its price could potentially retest the $1 resistance level.
Chainlink Utility to Start Bearing Fruit
In addition to Solana and Fantom, Chainlink plays a crucial role in the ecosystem as a decentralized oracle service provider, enhancing interoperability in ways unmatched by other protocols.
Chainlink’s appeal lies in its extensive ecosystem collaborations, including partnerships with various Layer-1 and Layer-2 networks. Currently trading at $16.63, Chainlink has risen by 22.97%, making it one of the top gainers among the top 100 cryptocurrencies.
By maintaining its market relevance, Chainlink’s price could continue to grow in the coming days.
Solana (SOL), Fantom (FTM), and Chainlink (LINK) are the altcoins to watch in the upcoming week. Each of these projects demonstrates strong technological advancements and has shown significant gains recently. While Bitcoin dominated analyst attention last week, these altcoins have emerged as noteworthy contenders. Solana’s network stabilization, Fantom’s innovative upgrades, and Chainlink’s growing utility highlight their potential for continued growth. Keep an eye on these tokens as they may offer promising opportunities in the near future.
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Disclaimer: Cryptocurrency investments are highly volatile and may result in substantial losses. Always conduct thorough research and consult a financial advisor before investing. Past performance is not indicative of future results.
