The altcoin market has been quite volatile lately and this trend will likely continue into the next week. In this article, we list altcoin projects that can stand out with positive technical developments and important news in volatile market conditions.
5 altcoins to watch in the week of March 27
XRP
Ranking 6th by market cap, XRP has been the top earner in daily and weekly timeframes. He keeps his last 24-hour earnings at 18% and his weekly earnings at 25%.
The price increase was likely due to investors’ increasing confidence that Ripple would win its lawsuit against the SEC. The SEC claimed in the lawsuit that XRP is a security and Ripple has conducted an unregistered security offering in the form of an ICO. Ripple has disputed the SEC’s claims and is reportedly confident it will win. cryptocoin.com In this article, we have included the latest developments from the litigation process extending to 2023.
Nexo (NEXO)
Nexo (NEXO) was one of the top earners of the week, up almost 17%. This increase is likely the result of Nexo Pro’s partnership with enterprise crypto data platform The Tie. The partnership will see enterprise-level tools available to expert traders.
Nexo also saw a noticeable increase in development activity towards the second half of the week, another positive sign. At the time of writing, it is trading above $0.7, up 4.30% from the last 24 hours.
Flare Network (FLR)
Flare Network (FLR) is up 15%, possibly as a result of the release of Songbird Test Proposal 02 on the network. This proposal focuses on increasing the decentralization of Flare Time Series Oracle (FTSO) by offering a secondary reward band.
In other words, this band increases the number of data providers that can be rewarded, and these providers are organizations that deliver reliable data to dApps through a mechanism that is the FTSO itself. Another possible reason for the price increase is that MathWallet now supports Flare. FLR is currently changing hands at $0.04119, holding steady on the daily timeframe.
XDC Network (XDC)
XDC (XDC) saw a 14% price increase last week. This may be due to the increased development of the network.
Deploying smart contracts that allow the creation of DApps is now easier. Pythonic smart contract language Vyper is used for this purpose.
At the time of writing, XDC is trading at $0.04202, up around 5% from the last 24 hours.
Litecoin (LTC)
Litecoin (LTC) has experienced a 13% price increase, possibly as its value generally follows Bitcoin. BTC has had a good few weeks, and the assets that follow it are generally strongly correlated with its movement.
Additionally, whales who are big holders of a particular cryptocurrency have reportedly been accumulating LTC this month, which may be the reason behind the price spike. LTC is currently worth around $92.06 and last week it was worth $82.
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