Expert Says Solana (SOL), Polkadot (DOT), and These 4 Cryptos Deserve More Attention This Week
The cryptocurrency market is always shifting, with new developments and events impacting token prices each week. According to expert crypto investor TheDeFiInvestor, this week warrants close attention on six cryptocurrencies in particular – Solana, Polkadot, Fantom, dYdX, Bitcoin-related coins, and Secret Network.
What you'll learn 👉
Major Events Driving Potential Price Action
TheDeFiInvestor shared a watchlist for the week ahead and the key events that could drive increased interest and upside for each token:
- Fantom (FTM): The testnet launch of Sonic, a major Fantom upgrade, occurs on October 24th. Sonic will increase Fantom’s throughput by 4X.
- Solana (SOL): Solana has been gaining momentum already, and now its Breakpoint conference starts in less than 10 days.
- Polkadot (DOT): $400M worth of DOT will be unlocked on October 24th. The tokens will go to parachain auction participants who locked up their DOT approximately 2 years ago.
- $dYdX – The dYdX team stated its V4 version will launch in October. This brings a new revenue-sharing mechanism.
- BTC-related coins ($STX, $BSV, $BITCOIN): These tokens tend to outperform Bitcoin when it breaks key resistance levels, acting as leveraged beta plays.
- Secret (SCRT): Secret Network’s much-anticipated new roadmap will be revealed on October 26th.
Conclusion
With major upgrades, conferences, token unlocks, platform launches, and roadmap reveals all happening this week, TheDeFiInvestor believes Solana, Polkadot, Fantom, dYdX, Bitcoin-related coins, and Secret Network deserve extra attention. Savvy crypto investors will keep a close eye on developments for potential opportunities.
We recommend eToro
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
