Top 3 Altcoins Ready to Shine This Week

While most market analysts have concentrated on Bitcoin due to the recent spot BTC ETF disclosures, tokens like Solana (SOL), Fantom (FTM), and Chainlink (LINK) have also garnered significant attention. This article delves into their current price outlooks and why these altcoins should be on your watchlist for the upcoming week.

Solana’s Stabilization Signals Potential Growth

Throughout much of this year, Solana faced network congestion issues that hindered its projects and community. However, with the Solana Foundation and ecosystem developers implementing a fix on the mainnet, the protocol has achieved relative stability. This improvement has helped SOL remain among the top 5 most capitalized cryptocurrencies.

Currently trading at $169.5 with a 1.83% decline, Solana has outperformed both Bitcoin and Ethereum over the past week. During this period, SOL has surged by 17.32%, compared to Bitcoin’s 7.98% and Ethereum’s 5.24%.

If Solana can sustain its stability and revive its projects in the coming week, it could be poised for substantial growth.

Fantom’s Technological Advancements Signal Bullish Potential

Fantom continues to push technological boundaries with its Directed Acyclic Graph (DAG) technology. Despite its impressive tech capabilities, Fantom remains undervalued. As of the time of writing, Fantom is trading at $0.8564, marking a 4.19% decline in the past 24 hours. However, its growth over the past week stands at an impressive 20.55%.

Recently, Fantom unveiled new details about its Sonic Network migration. The Sonic Network aims to address scalability issues faced by protocols like Solana. With the spotlight on Fantom in the upcoming days, its price may potentially retest the $1 resistance level.

Related: Chainlink Completes Collaboration Pilot with U.S. Banks

Chainlink’s Utility Set to Yield Results

In addition to Solana and Fantom, Chainlink plays a crucial role in the ecosystem. As a decentralized oracle service provider, Chainlink is pioneering interoperability unlike any other protocol.

The appeal of Chainlink lies in its extensive ecosystem collaborations. Its partnerships in the Web3 world encompass a mix of Layer-1 and Layer-2 networks. Currently trading at $16.63, reflecting a 22.97% increase, Chainlink stands out as one of the top gainers in the top 100 cryptocurrencies.