How Arbitrum, Bitcoin-Beta Token ORDI, and These Altcoins Could Explode in 2024: Analyst Watchlist
Notable crypto analyst Layergg just shared his weekly token watchlist on X (Twitter), highlighting several promising projects and upcoming developments to keep an eye on in the new year. In his post, Layergg pointed to a handful of tokens that he believes are poised for growth in 2023 thanks to factors like staking incentives, ecosystem funding, partnership rumors, and more.
The tokens mentioned in Layergg’s latest watchlist include Arbitrum’s native token ARB, Ordinals Protocol’s ORDI, METIS Token, Astar, Ronin, Celo, GMX, Stader Labs’ SD token, Seigniorage Shares, and Mina Protocol’s MINA token. For each token listed, Layergg provided a brief explanation of the associated narratives and developments that make these projects worth watching this year.
Let’s take a closer look at each altcoin pick:
$ARB – Arbitrum’s native token stands to benefit from continued growth on the Arbitrum network. Layergg points to bullish factors like Arbitrum Orbits, STIPS, ARB staking incentives, EIP-4844, and a recent vote of confidence from Ethereum co-founder Vitalik Buterin.
$ORDI – As a BTC-beta asset, Ordinals Protocol’s ORDI token could see significant upside if a Bitcoin spot ETF is approved, making it the #1 Bitcoin leveraged token by sensitivity.
$METIS – The Metis blockchain has a $400 million ecosystem fund to support dApps and users. Meanwhile, Metis’s PoS Sequencer staking pool goes live January 3rd, and Layergg hints at more big news coming that could boost METIS.
$ASTR – Astar’s ASTR has upgrade announcements that could drive interest, including dApp staking version 3, Tokenomics 2.0 changes, and rumors of a Pokemon partnership. Regulatory moves in Japan regarding crypto taxes are also a plus for Astar.
$RON – The free-to-play Move-to-Earn game Pixel’s Play has significant airdrops for $RON holders scheduled across January 3rd and 4th.
$CELO – Layergg expects more details on Celo’s planned Layer 2 migration solutions to emerge in January, which would reduce fees and congestion.
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Show more +$GMX – As a top ARB-beta token, $GMX continues seeing steadily rising TVL now over $600 million. Cult-like support from ex-BitMEX CEO Arthur Hayes is also bullish.
$SD – Stader Labs liquid staking token offers generous yields and will soon add SD token lending/borrowing. As an Eigenlayer protocol, $SD also benefits from Arbitrum incentives.
$SEI $MINA – Privacy-focused tokens $SEI and $MINA are both technically sound and could feed off each other’s momentum as interest grows around private DeFi.
There you have it – Layergg’s top token picks to monitor as we kick off 2024. Multiple catalysts make these projects worth keeping on your radar over the coming year.
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