The majority of market analysts placed focus on Bitcoin in the past week on spot BTC ETF disclosure trend, however, tokens like Solana (SOL), Fantom (FTM), and Chainlink (LINK) stood out. This article explores the current price outlook and why these altcoins are worth placing on watchlists in the coming week.
Solana Stabilization Paving the Way For Growth
For the better part of this year, Solana battled with network congestion that impaired its projects and community. However, with the Solana Foundation and its ecosystem developers launching a fix on mainnet, the protocol has remained relatively stable. This has created an upside that has kept the coin in the top 5 of the most capitalized cryptocurrencies.
While Solana is changing hands for $169.5 at the time of writing with a 1.83% slump, it has outranked Bitcoin and Ethereum (ETH) for the week. In this time span, it has soared by 17.32% compared to Bitcoin’s 7.98% and Ethereum’s 5.24% respectively.
Should Solana be able to maintain its resilience, with the revival of projects in the coming week, it might pick a resounding growth.
Fantom Upgrades Creates Bullish Potential
Fantom has continued to push boundaries with its technology as a Directed Acyclic Graph (DAG). Despite this technological strength, Fantom is considered undervalued. At the time of writing, Fantom is changing hands for $0.8564, down 4.19% in 24 hours. Its growth in the past week, however, is pegged at 20.55% to date.
Recently, Fantom unveils new details on its Sonic Network migration. Sonic Network is Fantom’s response to address the many scalability issued that protocols like Solana are generally struggling with. With focus on Fantom in the coming days, its price might finally retest the $1 resistance level.
Chainlink Utility to Start Bearing Fruits
Besides Solana and Fantom, Chainlink also occupy an important aspect of the ecosystem. As a decentralized oracle service provider, Chainlink is advancing interoperability in ways no protocol has managed to rival.
The Chainlink attraction hinges on its broad-ecosystem collaboration. Chainlink’s partnerships in the Web3 world features a mix of Layer-1 and Layer-2 networks respectively. Currently trading $16.63, up by 22.97%, Chainlink comes off as one of the biggest gainers in the top 100.
By maintaining its market relevance, its price may pick additional growth in the coming days.
Read More: Crypto Market Analysis 19/5: Altcoins Recovery Stalls as BTC Stabilizes at $67k
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