Three altcoins to keep an eye on this week

Most eyes are on Bitcoin right now, especially given its latest surge above $70,000. However, tokens such as Solana (SOL), Fantom (FTM) and Chainlink (LINK) stood out. This article examines the current price prospects and why these altcoins are worth keeping an eye on in the week ahead.

Solana stabilization: Basis for growth

For most of this year, Solana has been dealing with network congestion that has hampered his projects and community. However, since the Solana Foundation and developers within the ecosystem launched a solution on the mainnet, the protocol has remained relatively stable. This has led to an upward trend that has kept the coin among the top 5 most capitalized cryptocurrencies.

Although Solana is trading at $186.5 with an upside of about 10% at the time of writing, it has outperformed Bitcoin this week. If Solana can maintain its resilience and the revival of projects continues in the coming week, it could see significant growth.

Fantom Upgrade Offers Bullish Potential

Fantom continues to improve and innovate its technology like a Directed Acyclic Graph (DAG). Despite this technological power, Fantom is still seen as undervalued. Currently, Fantom is trading at $0.92, up 8.5% in the last 24 hours.

Fantom recently released new details about the migration to the Sonic Network. Sonic Network is Fantom’s solution to the many scalability issues that protocols like Solana often face. With the increasing attention on Fantom in the coming days, the price could potentially retest the $1 resistance level.

Chainlink utility value blossoms

In addition to Solana and Fantom, Chainlink also plays a crucial role in the ecosystem. As a decentralized oracle service provider, Chainlink strengthens interoperability in unique ways that no other protocol can match.

Chainlink’s appeal lies in its extensive collaborations within the ecosystem. Chainlink’s partnerships in the Web3 world include both Layer-1 and Layer-2 networks. Currently, Chainlink is trading at $17.30, up 3.4%. If Chainlink manages to maintain its market relevance, the price could increase further in the coming days.