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Last week, crypto- Although the majority of analysts focused on Bitcoin, altcoins such as Solana (SOL), Fantom (FTM), and Chainlink (LINK) attracted attention. This article examines the current price outlook for these altcoins and why they should be on watchlists next week.
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For much of this year, Solana has struggled with network congestion, negatively impacting projects and the community on the network. However, the protocol has remained relatively stable, with the Solana Foundation and ecosystem developers launching a solution on the mainnet. This created a rise that kept Solana among the top 5 cryptocurrencies with the highest market capitalization. At the time of writing, Solana is trading at $169.5 and is down 1.83%. Despite this, it has surged 17.32%, outpacing Bitcoin and Ethereum in weekly performance. Bitcoin’s weekly increase remained at 7.98% and Ethereum’s at 5.24%. If Solana can maintain this resilience and with the revival of projects, it may experience significant growth next week. -
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Fantom continues to push the boundaries with Directed Acyclic Graph (DAG) technology. Despite this technological innovation, the Phantom is still considered undervalued. As of the moment of writing, Fantom is trading at $0.8564 and has fallen 4.19% in the last 24 hours. However, its weekly growth was recorded as 20.55%. Recently, Phantom revealed new details about the Sonic Network crossover. Sonic Network was developed with the aim of solving scalability issues that protocols like Solana often struggle with. With increased interest in Fantom in the coming days, the cryptocurrency price may finally retest the $1 resistance level. -
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In addition to Solana and Fantom, Chainlink also holds an important place in the ecosystem. As a decentralized oracle service provider, Chainlink improves interoperability in a way that no other protocol has achieved. Chainlink’s appeal is based on its broad ecosystem collaborations. Chainlink’s partnerships in the Web3 world include both Layer-1 and Layer-2 networks. Currently trading at $16.63, Chainlink stands out as one of the biggest gainers, up 22.97%. If the market continues to maintain its significance, its price may show additional growth in the coming days.
