This week, the cryptocurrency landscape has seen a mix of fluctuations, with leading digital currencies such as Bitcoin and Ethereum experiencing downturns of 1.7% and 4% respectively. Despite a generally subdued weekend for the market, Dogecoin (DOGE) emerged as a notable outlier, achieving a remarkable 16% increase and leading the meme coin category.
Biggest Crypto Gainers
Layergg, a cryptocurrency analyst with a substantial following of nearly 100k on X, recently offered his perspective on the altcoins that should be on everyone's radar this week. Here's an overview of his analysis:
Dogecoin (DOGE): Ahead of its futures trading debut on Coinbase International on April 1st, DOGE is generating buzz, especially with the approaching 'Doge Day' on April 20th, an event historically known to impact meme coin valuations positively.
Aptos (APT): This April, Aptos is expected to announce a significant development related to real-world assets (RWA), with speculation about potential collaborations with top asset management firms such as BlackRock or Franklin Templeton. The announcement is likely to coincide with the 'Aptos DeFi DAYS' event on April 2nd.
Fantom (FTM): The community eagerly anticipates the Fantom Sonic Mainnet launch, expected late March or early April. CEO Andre Cronje's promotional endeavors are adding to the anticipation, highlighting the strategic importance of his influence.
Stacks (STX): As the Bitcoin halving draws near, and with the Nakamoto upgrade slated for late April, Stacks is gaining attention, especially from Franklin Templeton, for being the first SEC-compliant blockchain.
Ondo Finance (ONDO): Following BlackRock's announcement of a $100M tokenized asset fund, Ondo Finance has emerged as a closely associated RWA project. It's also featured in Bitwise's "Crypto Use Case 2024" Report, signaling its potential for further institutional collaborations.
Pendle (PENDLE): With the EigenLayer token expected to launch mid-April and following the success of ETHFI, Pendle Finance is witnessing renewed interest. The forthcoming token releases from Restaking projects could propel Pendle Finance's growth.
Toncoin (TON): Telegram's decision to adopt TON exclusively for ad payments introduces its 800 million monthly users to the coin. Coupled with the TON Foundation's Open League commencing April 1st, TON has already seen a 44% rise this week.
XPLA (XPLA): April might see the launch of zkSync, with XPLA securing funding from Matter Labs for a potential zkSync beta. XPLA's engagement with the AAA game 'MadWorld' and plans to introduce more AAA titles positions it for growth.
Aerodrome (AERO): As the leading DeFi platform on the Base chain, which has seen its TVL double in a month, Aerodrome is set to launch Slipstream. With Coinbase Ventures announcing its investment in AERO last February, its future looks promising.
New Altcoin ICOs to Watch:
eTukTuk aims to revolutionize transportation in developing countries with its eco-friendly electric TukTuks, currently in the ICO phase with $2.5 million raised.
Dogecoin20 introduces a Stake-to-Earn model and has secured $10M in ICO funding, promising enhanced utility and sustainability for the meme coin sector.
Green Bitcoin – focuses on prediction markets and passive staking, with $9M raised in its ICO, offering users rewards based on accurate Bitcoin price predictions.
InsanityBets – this has emerged as the top altcoin ICO investment thanks to its revolutionary revenue sharing, real world utility and concrete roadmap. Whilst the above projects seem all-talk, with no action – InsanityBets seem like they're letting their actions do the talking. We expect this team to deliver you huge gains in 2024.
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