Analytics Company Reveals 8 Altcoins for Traders to Watch Out For This Week

Cryptocurrency analysis company Layergg has published the list of altcoins to watch next week.

Ethena (ENA)

Ethena, a new and serious project, has achieved the highest return among major dApps with $8 million in earnings in the last seven days. The project also accepts BTC collateral, significantly increasing its Total Addressable Market (TAM). However, it is said that the project carries risks similar to Terra (LUNA).

Ordi (ORDI)

According to the analytics firm, ORDI is seen as the primary memecoin broker showing the effects of the BTC Halving cycle. On April 4, Franklin Templeton wrote a report on ORDI. The coin is scheduled to be listed on Coinbase Futures on April 11, and the Stacks Nakamoto Upgrade is scheduled to begin on April 16.

Phantom (FTM)

According to the analytics company, Fantom may indirectly benefit from the recent network congestion experienced by Solana thanks to the “horizontal scaling” trend. Andre Cronje, founder of Yearn Finance, stated that “the Sonic upgrade is still in its infancy and its next goal is something bigger.”

Sublayer (ALT)

Located in an EigenLayer space with a “Restaked Rollup trend,” Altlayer is said to be holding an Eigenlayer token creation event in mid-April, as hinted by Arthur Hayes. According to Layergg, ALT stakers are likely to receive EIGEN and XTER airdrops.

Dogecoin (DOGE)

According to analysts, in recent years (2021, 2022, 2023) Dogecoin tended to maintain its upward momentum until the day before Doge Day (April 20).

Mantle

According to analysts, Mantle provides high returns for MNT stakers through Ethena/Pendle. A PUFF airdrop was conducted for MNT stakers and the PUFF price reached its all-time high (ATH), withdrawing retail investor money. As a result, Mantle’s Total Value Locked (TVL) and wallet count are reaching new ATHs every day, acting as a catalyst for upward momentum.

Ankr (ANKR)

A combination of AI, dePIN, BTC LST and RaaS trends, Ankr is seeing a trend of reconsidering the use of the ANKR token due to Neura. An important announcement is expected for the altcoin on April 15 at the “Stability World AI” event.

Stargate Finance (STG)

According to Layerzero Co-Founder, the launch of Stargate V2 is very close. It is currently the leading bridge in terms of volume and Daily Active Users (DAU).

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