Top Analyst Shares Altcoins to Watch In the Week Ahead Including $RNDR, $INJ and These Cryptos
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.
Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!
Show more +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.
You may also be interested in:
- Rollbit (RLB) Finally Shows Signs of Life With 20% Price Increase
- Why Is NEM (XEM) Surging? Price to Spike +200% if This Resistance Breaks
- Bonk Plunges 70%, Showcasing Memecoin Risks; Rising Prominence of Kaspa (KAS) and InQubeta in Crypto Market
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.
eToro offers staking for certain popular cryptocurrencies like ETH, ADA, XTZ etc.
