The crypto market skilled a correction final week, with main cryptocurrencies like Bitcoin and Ethereum declining by 1.7% and 4% respectively.
While the weekend was comparatively flat, one meme coin stood out – Dogecoin (DOGE) surged by 16%, outperforming most different meme cash.
Layergg, an crypto analyst with nearly 100k followers on X, shared his insights on the perfect altcoins to your watchlist this week.
Top Crypto Gainers
Biggest crypto gainers prior to now week, supply – Layergg/X
Here’s a breakdown of his altcoin evaluation:
Dogecoin (DOGE): Coinbase International is ready to launch DOGE futures buying and selling on April 1st. Additionally, April twentieth is called ‘Doge Day,’ and meme coin costs have traditionally proven sensitivity to such occasions.
Aptos (APT): Aptos is poised for a major RWA (real-world asset) announcement in April, with potential partnership rumors involving main asset managers like BlackRock or Franklin Templeton. Details are anticipated to be revealed on the ‘Aptos DeFi DAYS’ occasion on April 2nd.
Pendle (PENDLE): Mid-April may even see the launch of the EigenLayer token, in accordance with Arthur Hayes. The profitable launch of ETHFI, yielding returns of greater than twice, has renewed curiosity in Pendle Finance’s merchandise. Upcoming token releases from Restaking tasks might additional increase Pendle Finance’s momentum.
Fantom (FTM): The Fantom Sonic Mainnet launch is anticipated in late March or early April. CEO Andre Cronje is actively partaking in promotional actions, and his important affect warrants strategic consideration.
Stacks (STX): With the Bitcoin halving approaching in lower than a month and the Nakamoto improve scheduled for late April, Stacks continues to attract curiosity from world asset managers like Franklin Templeton as the primary SEC-compliant blockchain.
Ondo Finance (ONDO): BlackRock has introduced a $100M tokenized asset fund, and Ondo Finance is at present the RWA undertaking most related to BlackRock. It was additionally talked about as a key undertaking in Bitwise’s “Crypto Use Case 2024” Report, indicating potential for extra institutional partnerships.
Toncoin (TON): Telegram has determined to solely use TON for advert funds, which implies an inflow of 800 million month-to-month energetic customers. Additionally, Telegram holds a “potential IPO” catalyst, and the TON Foundation’s Open League begins on April 1st, distributing 30M TON to tasks and customers within the TON ecosystem. TON is up 44% this week already.
XPLA (XPLA): Rumors recommend that zkSync will probably be launched in April, and XPLA has just lately raised funding from Matter Labs, probably for a zkSync beta. XPLA has additionally onboarded the AAA sport ‘MadWorld’ and plans to onboard two extra AAA video games quickly.
Aerodrome (AERO): The base chain’s TVL doubled in a month, and Aerodrome, being the main DeFi on the Base chain, might probably act as a Base-beta. Aerodrome plans to launch Slipstream inside weeks, and Coinbase Ventures formally introduced its buy and holding of AERO final February.
New Altcoin ICOs
eTukTuk is an eco-friendly transportation undertaking introducing electrical TukTuks, particularly in growing nations, to fight carbon emissions. TUK is at present within the ICO part and has raised $2.5 million.
Dogecoin20 is a brand new meme coin that has raised $10M in its ICO, introducing a Stake-to-Earn mechanism and DOGE20 staking to reward the group whereas enhancing utility and sustainability.
#Dogecoin20 embodies the vigorous spirit of #Memecoins, fascinating the creativeness of the crypto world. 🪐
Marrying memes with on-chain staking, #Dogecoin20 charts its personal distinctive course, attracting a various array of #Crypto followers. 🔗🚀 pic.twitter.com/vizZbyFKKq
— Dogecoin20 (@DOGE_COIN20) March 23, 2024
Green Bitcoin is a utility-rich undertaking targeted on prediction markets, providing gamified and passive staking the place customers can stake GBTC tokens to probably win rewards primarily based on correct Bitcoin value predictions. It has raised $9M in its ICO.
To sum it up, the crypto market’s latest correction presents alternatives to intently monitor altcoins with upcoming catalysts and robust fundamentals. Also, you would possibly be capable of place your self for potential positive factors in 2024 when you get in early on these crypto ICOs.