Home » Journal » Here Are the Crypto Tokens to Watch This Week: $FTM, $MATIC, $ADA, and Other Top Altcoins

Journal

Here Are the Crypto Tokens to Watch This Week: $FTM, $MATIC, $ADA, and Other Top Altcoins

Petar Jovanović

September 1, 2024

A challenging week for the crypto market is drawing to a close, with Bitcoin and Ethereum shedding nearly 10% of their respective values. This means that the BTC price now dipped below $58k while the ETH price is below $2.5k.

With that in mind, traders are now hopeful that next week and September will be better for crypto. “The DeFi Investor”, as he usually does, posted tokens to watch this week.

Tokens to Watch

Let’s take a closer look at these potential movers and shakers:

$FTM (Fantom): The Sonic testnet, Fantom’s most significant upgrade to date, is slated to go live next week. This development could potentially impact the token’s performance.

$ARB (Arbitrum): September 3rd marks the launch of Arbitrum’s Stylus Upgrade. This enhancement will enable developers to write smart contracts using Rust, C, and C++, potentially expanding the ecosystem’s capabilities.

$MATIC (Polygon): On September 4th, Polygon’s MATIC token will undergo a rebranding to become the POL token. This change is expected to bring enhanced utility to the token.

$ADA (Cardano): The Chang hard fork upgrade for Cardano is set to go live today. This upgrade will introduce on-chain governance features to the Cardano network, potentially influencing its functionality and adoption.

$CLOUD (Cloud): Binance, Bybit, and BitGet are poised to launch their Solana liquid staking tokens built on top of Sanctum. This development could bring increased attention to the CLOUD token.

$IMX (Immutable X): On September 6th, $47 million worth of IMX tokens will be unlocked. It’s worth noting that these tokens are earmarked for ecosystem and project development.

Read also: Bitcoin Price Predictions if Trump Wins AND Loses US Elections in 2024

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more

Visit eToro Now

Active user community and social features like news feeds, chats for specific coins available for trading.
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.