A crypto analyst revealed his watchlist for this week. The analyst’s list includes FTM, SOL, DOT, DYDX, and BTC-related altcoins. Meanwhile, the analyst suggests that Solana is gaining momentum ahead of the Breakpoint conference. Meanwhile, next week Polkadot will unlock $400 million worth of DOT for coin-chain auctions. The other cryptocurrency on the list, dYdX, will introduce its V4 version.
Fantom and Solana are at the top of the list.
A crypto analyst named “The DeFi Investor” shared a crypto watchlist for the coming weeks on the X platform. According to the analyst, the list includes altcoins that have the potential to make significant gains in the coming weeks. First on the list is crypto project Fantom (FTM), which ranks seventh in the market according to CoinMarketCap. The spotlight for FTM is on test-net for Sonic, a major upgrade scheduled for release on October 24th. The crypto analyst says the major development will quadruple Fantom’s yield. He also notes that it will potentially impact the value of the cryptocurrency.
Second on the list was Solana (SOL), a crypto project worth more than $12 billion. According to the analyst, Solana is steadily gaining momentum. In parallel, Solana mentioned that the Breakpoint conference will start in less than ten days. The analyst claims that the event has the potential to impact the value of the SOL token.
Other altcoins on the list: DOT, DYDX and others…
Additionally, Polkadot (DOT) was also on the list. cryptokoin.com As we reported, the altcoin will unlock $400 million worth of DOT tokens on October 24. The analyst also draws attention to this situation. According to him, these tokens were reserved for coin-chain auction participants who pledged their tokens about two years ago. The fourth among the altcoins is DYDX, the native token of the decentralized exchange. The analyst also includes this project on his crypto watch list. He notes that the DEX team will launch a fourth version of the dYdX protocol this month. Specifically, dYdX V4 will introduce a revenue sharing mechanism.
Meanwhile, the analyst sees potential in BTC-related tokens such as STX, BSV, and BITCOIN. According to him, if/when BTC breaks the $30k resistance, these tokens will likely outperform as they act as beta plays. The last token on the list is SCRT, which is associated with the Secret Network. By the way, it should be noted that the altcoin project will announce its new development road map on October 26.
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