The post Top Altcoins to Watch This Week : Potential Gainers in the Spotlight appeared first on Coinpedia Fintech News
The altcoin market is buzzing with activity as several key players show promise in the current market. From Solana’s rise to the developments surrounding Ripple’s XRP, there’s much to keep an eye on. Here’s a look at some of the altcoins currently in the spotlight, based on the latest analysis from CryptosRus.
Solana (SOL)
Solana had a significant 9% price pump recently, reaching the low $230 range. While it has not yet touched its March high of around $250, its movement remains noteworthy. Solana’s strong momentum continues, especially with other decentralized applications (dApps) and protocols like Jupiter and Pith showing price movements when Solana gains. Given the strong whale interest, Solana is a coin to watch for further potential rallies.
XRP
XRP saw a surge to $1.20, though it pulled back to around $1.00. The XRP Army, especially with the potential exit of Gensler from the SEC, could drive further upside momentum. Despite the recent pullback, XRP’s prospects for breaking its 2018 all-time high of $3 seem viable. While the CryptosRus does not hold XRP at the moment, they’re eyeing long entries as the coin could see renewed strength.
Cardano (ADA)
Cardano’s development has cooled off a bit, but the blockchain remains in the spotlight due to its connection with government efficiency departments. If Charles Hoskinson releases any new updates regarding the project or his discussions with high-profile figures like Elon Musk, the ADA price could see a positive reaction. Cardano’s relationship-building could add fuel to its price, especially if more governmental partnerships come to light.
Near Protocol (NEAR)
Near Protocol has been gaining attention, particularly due to its AI-focused developments and momentum. If Nvidia reports strong earnings—something the market is expecting—NEAR’s AI-related activities could benefit from increased interest. Other projects like Render (RNDR) could also ride this wave, showing strength in anticipation of Nvidia’s earnings.
Sui (SUI)
Sui continues to perform well, hovering above the $3 mark. Its consistent upward trend suggests that it’s gaining strength in the broader market. The network’s steady growth and adoption make it a solid contender for further bullish movement.
Cosmos (ATOM)
Cosmos and its related chains have struggled with momentum recently. However, with whales looking to diversify their holdings, Cosmos could make a comeback. The platform’s interoperability remains a key selling point, and a return to strength could push its price higher.
Polygon (MATIC)
Polygon has not had much recent movement, but it remains a great Layer-2 solution. It’s expected that, as whales continue to diversify, Polygon could see renewed interest. Given its strong ecosystem and utility, a bounce-back could be on the horizon, especially if Ethereum’s dominance continues.
Fantom (FTM)
Fantom has been quiet recently, but there’s potential for a resurgence. As a highly efficient Layer-1 chain, Fantom could benefit from broader market movements or a resurgence in decentralized finance (DeFi) projects. A return to higher activity would likely lift its price.
Lastly, Bitcoin (BTC) continues to hold its ground, maintaining a strong position above $90k. Despite concerns about future accumulation, BTC remains a dominant force in the market, influencing altcoin movements and setting the overall market tone. It will be interesting to see these coins explode, we are excited, are you?
