8 altcoins to definitely keep an eye on this week

Layergg, a company that specializes in analyzing the cryptocurrency market, recently a list of altcoins released that you should keep an eye on in the coming week. In this article we examine these altcoin choices.

Athena (ENA)

Ethena, a new project focused on its synthetic dollar called USDe, has achieved the highest returns among major DApps, with $8 million in revenue in the last seven days. The project also significantly increases its Total Addressable Market (TAM) by accepting BTC collateral. However, the project is said to pose risks similar to Terra (LUNA).

Ordi (ORDI)

According to the analytics firm, ORDI is seen as the primary memecoin broker showing the effects of the BTC halving cycle. On April 4, Franklin published Templeton a report about ORDI. The coin is scheduled to list on Coinbase Futures on April 11, with the Stacks Nakamoto Upgrade starting on April 16.

Phantom (FTM)

According to the analytics firm, Fantom (FTM) may be able to indirectly benefit from the recent network congestion experienced by Solana (SOL), thanks to the “horizontal scalability” trend. Andre Cronje, the founder of Yearn Finance (YFI), noted that “the Sonic upgrade is still in its early stages and the next goal is something big.”

Sublayer (ALT)

Sublayer (ALT), based in an EigenLayer environment with an emerging “Restaked Rollup trend,” is said to be hosting an event for the creation of Eigenlayer tokens in mid-April, as suggested by Arthur Hayes. According to Layergg, there is a good chance that ALT strikers will receive OWN and XTER airdrops.

Dogecoin (DOGE)

Dogecoin (DOGE), according to analysts, has tended to maintain its upward momentum in recent years (2021, 2022, 2023) until the day before Doge Day (April 20).

Mantle

For Mantle, analysts highlight that it offers high returns for MNT stakers through Ethena/Pendle. Recently, a PUFF airdrop was performed for MNT stakers, resulting in an all-time high (ATH) for the PUFF price and withdrawing funds from retail investors. As a result, both Mantle’s Total Value Locked (TVL) and number of portfolios are reaching new ATHs every day, acting as a catalyst for further growth.

Anchor (ANKR)

Ankr (ANKR) is seeing a trend among investors to reconsider the use of the ANKR token, partly due to developments with Neura. A major announcement for this altcoin is expected on April 15 during the “Stability World AI” event.

Stargate Finance (STG)

According to a co-founder of Layerzero, the launch of Stargate V2 from Stargate Finance (STG) is imminent. Currently, it is the leading bridge in terms of volume and Daily Active Users (DAU).

Conclusion

All in all, Layergg indicates that the above altcoins have a lot of potential to rise in the coming week. However, it is important to do proper research into the coins and the specific developments, as each factor can have a different influence on the price of the coin.