Analytics Firm Unveils 8 Altcoins to Monitor This Week
Cryptocurrency analysis company Layergg has released its latest list of altcoins to keep an eye on in the coming week. Here are the highlights:
1. Ethena (ENA): Ethena, a promising new project, has recorded impressive earnings of $8 million from major decentralized applications (dApps) in the past week. Its acceptance of BTC as collateral expands its market potential, although risks similar to Terra (LUNA) have been noted.
2. Ordi (ORDI): ORDI is recognized as a memecoin broker that reflects the effects of BTC’s Halving cycle. On April 11, it is expected to be listed on Coinbase Futures, and the Stacks Nakamoto Upgrade is scheduled for April 16.
3. Phantom (FTM): Fantom could potentially benefit from recent network congestion on Solana due to the “horizontal scaling” trend. Founder of Yearn Finance, Andre Cronje, hinted at more significant developments for the Sonic upgrade.
4. Sublayer (ALT): Positioned in an EigenLayer space within the “Restaked Rollup trend,” Altlayer is expected to hold a token creation event in mid-April. ALT stakers may receive EIGEN and XTER airdrops.
5. Dogecoin (DOGE): Analysts observe that Dogecoin historically tends to maintain its upward momentum leading up to Doge Day (April 20).
6. Mantle: Mantle offers generous returns for MNT stakers through the Ethena/Pendle ecosystem. Recent activities, such as the PUFF airdrop and subsequent ATH for the PUFF price, have attracted retail investors, propelling Mantle’s Total Value Locked (TVL) and wallet count to new ATHs.
7. Ankr (ANKR): With AI, dePIN, BTC LST, and RaaS trends in play, Ankr is experiencing renewed interest in the ANKR token due to Neura. An important announcement is anticipated at the “Stability World AI” event on April 15.
8. Stargate Finance (STG): Stargate’s highly anticipated V2 launch is imminent. The bridge currently leads in terms of volume and Daily Active Users (DAU), according to Layerzero Co-Founder.
Traders are advised to keep a close watch on these altcoins as they could provide rewarding opportunities in the week ahead.