The cryptocurrency market has yet to get over the impact of FTX’s dramatic collapse and fallout. However, cryptocurrencies have not given up. Analysts have shared some altcoin projects to keep an eye on over the next week. These altcoins include Chainlink (LINK), Algorand (ALGO), Solana (SOL), Cardano (ADA) and Hedera (HBAR).
The first altcoin on the list is Chainlink (LINK)
cryptocoin.comAs you can follow, the crypto market is following quite a bumpy course. However, the oracle network Chainlink (LINK) price has advanced 3.92% in the green during the day. LINK is currently trading at $7.11. Altcoin is also in the green more than 13% compared to last week. However, LINK is 86.6% off the all-time high of $52.88 it saw in May last year.
In second place is Algorand (ALGO)
Algorand (ALGO) reached $0.2467 after a price increase of 0.70% in the last 24 hours and in the same time frame. The altcoin, which later regressed a little, is currently trading at $0.2457. ALGO also managed to strengthen by around 0.74% and 0.51% against BTC and ETH, respectively.
Solana (SOL) enters the list at number three
Solana (SOL), who had a hard time with the FTX collapse, continues to struggle. While SOL was among the top 10 cryptocurrencies in the market, it fell out of this league with the effect of FTX. It currently stands at 14th place. However, it has been making recovery moves in recent days. That’s why it earned a spot on CoinMarketCap’s trending list. The altcoin is currently green by 0.63% and is trading at $14.38. SOL also posted an increase of more than 10% compared to last week.
Ethereum killer Cardano quadruple altcoin
Cardano (ADA) is another altcoin to watch out for. However, ADA is currently down 0.05%. Meanwhile, the Ethereum killer is still in the red, more than 3% compared to last week. Also, ADA’s 24-hour trading volume is currently at $176,412,030 after falling more than 18% from the last day.
Last lined project Hedera (HBAR)
Also in the green is Hedera (HBAR), which is currently trading at $0.04978 after a price increase of 0.28% in the last 24 hours. HBAR also managed to strengthen 0.35% and 0.03% against BTC and ETH, respectively. However, the altcoin’s 24-hour trading volume is currently down 22.61% at $9,378,946.
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