The crypto market experienced a correction last week, with major cryptocurrencies like Bitcoin and Ethereum declining by 1.7% and 4% respectively.
While the weekend was relatively flat, one meme coin stood out – Dogecoin (DOGE) surged by 16%, outperforming most other meme coins.
Layergg, an crypto analyst with almost 100k followers on X, shared his insights on the best altcoins for your watchlist this week.
Top Crypto Gainers
Biggest crypto gainers in the past week, source – Layergg/X
Here’s a breakdown of his altcoin analysis:
Dogecoin (DOGE): Coinbase International is set to launch DOGE futures trading on April 1st. Additionally, April 20th is known as ‘Doge Day,’ and meme coin prices have historically shown sensitivity to such events.
Aptos (APT): Aptos is poised for a significant RWA (real-world asset) announcement in April, with potential partnership rumors involving major asset managers like BlackRock or Franklin Templeton. Details are expected to be revealed at the ‘Aptos DeFi DAYS’ event on April 2nd.
Fantom (FTM): The Fantom Sonic Mainnet launch is anticipated in late March or early April. CEO Andre Cronje is actively engaging in promotional activities, and his significant influence warrants strategic consideration.
Stacks (STX): With the Bitcoin halving approaching in less than a month and the Nakamoto upgrade scheduled for late April, Stacks continues to draw interest from global asset managers like Franklin Templeton as the first SEC-compliant blockchain.
The $STX Nakamoto upgrade will be massive for its ecosystem.
Currently, you're still bound by the 10 minute #Bitcoin block times. This will be reduced to 5 seconds.
There's already an ecosystem being built on top of stacks. After this upgrade they can finally flourish.
— Daan Crypto Trades (@DaanCrypto) March 23, 2024
Ondo Finance (ONDO): BlackRock has announced a $100M tokenized asset fund, and Ondo Finance is currently the RWA project most associated with BlackRock. It was also mentioned as a key project in Bitwise’s “Crypto Use Case 2024” Report, indicating potential for additional institutional partnerships.
Pendle (PENDLE): Mid-April may see the launch of the EigenLayer token, according to Arthur Hayes. The successful launch of ETHFI, yielding returns of more than twice, has renewed interest in Pendle Finance’s products. Upcoming token releases from Restaking projects could further boost Pendle Finance’s momentum.
Toncoin (TON): Telegram has decided to exclusively use TON for ad payments, which means an influx of 800 million monthly active users. Additionally, Telegram holds a “potential IPO” catalyst, and the TON Foundation’s Open League starts on April 1st, distributing 30M TON to projects and users in the TON ecosystem. TON is up 44% this week already.
XPLA (XPLA): Rumors suggest that zkSync will be launched in April, and XPLA has recently raised investment from Matter Labs, potentially for a zkSync beta. XPLA has also onboarded the AAA game ‘MadWorld’ and plans to onboard two more AAA games soon.
Aerodrome (AERO): The base chain’s TVL doubled in a month, and Aerodrome, being the leading DeFi on the Base chain, could potentially act as a Base-beta. Aerodrome plans to launch Slipstream within weeks, and Coinbase Ventures officially announced its purchase and holding of AERO last February.
New Altcoin ICOs
eTukTuk is an eco-friendly transportation project introducing electric TukTuks, especially in developing countries, to combat carbon emissions. TUK is currently in the ICO phase and has raised $2.5 million.
Dogecoin20 is a new meme coin that has raised $10M in its ICO, introducing a Stake-to-Earn mechanism and DOGE20 staking to reward the community while enhancing utility and sustainability.
To sum it up, the crypto market’s recent correction presents opportunities to closely monitor altcoins with upcoming catalysts and strong fundamentals. Also, you might be able to position yourself for potential gains in 2024 if you get in early on new crypto ICOs.
