DeFi Investor, a popular crypto analyst, just shared his watchlist for altcoins that could see notable moves in the coming week. Several developments and launches appear poised to impact these cryptocurrencies in the days ahead.
According to the analyst, Render Token (RNDR) looks attractive heading into the Apple Vision Pro launch on February 2nd. RNDR spiked sharply last year during Apple’s initial announcement of the Vision Pro, so anticipation is building ahead of the actual product release.
Additionally, Frax Share (FXS) may benefit as Frax rolls out its Layer 2 solution in early February. By moving to L2, Frax aims to bolster scalability and reduce fees for its stablecoin platform. The protocol upgrade could renew interest in its governance token FXS.
The analyst also flagged the upcoming launch of the AltLayer token, which powers the AltLayer decentralized exchange. The DEX plans to airdrop the new token to existing stakers and users next week.
Injective Protocol’s INJ may also be one to watch after its last major token unlock occurred. With the Injective team’s allocated tokens now fully distributed, the circulating supply is more stabilized.
Meanwhile both Optimism (OP) and Drift Protocol were noted as launching key features soon – Optimism with a token unlock and Drift with its new Drift Points rewards program.
Rounding out the list, Ribbon Finance (RBN) made the cut as speculation builds around a possible token conversion to Aevo Protocol’s AEVO ahead of its mainnet launch.
With product launches, protocol upgrades, and changing token dynamics, it could be an action-packed week for these altcoins on the analyst’s radar. Traders may want to take notes for opportunities ahead.
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