Over the next seven days, there are several intriguing stories and events unfolding in the crypto world that could significantly impact market trends. Two well-known cryptocurrency experts, Miles Deutscher and Layergg, have shared their insights on which tokens and topics may gain widespread attention. Let’s explore their perspectives in more detail:
Bitcoin: On the Verge Of Breaking New Ground
Miles Deutscher highlights the robustness and surging growth of Bitcoin (BTC), which is approaching its record-breaking peak. According to him, “Bitcoin’s bounce back after the dip has been remarkable, and fundamentally, it appears primed for substantial increases. The previous peak at $73,800 stands as the significant hurdle to overcome.” This perspective underscores the burgeoning belief among investors in Bitcoin’s ability to withstand market turbulence.
Solana: Overcoming Challenges
Recently, Solana (SOL) has come under criticism due to network congestion problems, raising questions about its capacity to handle heavy traffic and maintain stability. Nevertheless, Deutscher is optimistic that these hurdles are short-lived. “Much like past challenges for SOL,” he asserts, “I don’t anticipate this will leave a lasting mark. Solana, the leading gambling establishment in the crypto realm, remains primed to carry on its reign.”
ORDI: Bullish On The BRC-20/BTC Narrative Ecosystem
According to Deutscher’s perspective, ORDI takes the front seat in the BRC-20/BTC storyline. With the upcoming halving event just around the corner, a 12-day countdown, he finds the market narrative unusually subdued. This silence goes against the typical hype surrounding such rare and momentous occurrences. “Nonetheless, I remain optimistic about BRC investments leading up to the halving. ORDI stands out as a key player,” Deutscher emphasizes. The potential for substantial market fluctuations is noticeable despite the current calmness.
ALT: Anticipation Builds Around EigenLayer Airdrop
The crypto world is buzzing with anticipation over the upcoming EigenLayer airdrop, with ALT being the focus of much excitement due to its connection to Eigen. Rumors suggest that the airdrop could be imminent, and as such, the market is eagerly awaiting beta releases in preparation. I personally find ALT an intriguing choice given its ties to Eigen itself, and the fact that it fits within the broader context of staking, which is likely to experience further growth following the airdrop.
More recently, Arthur Hayes, the founder of BitMEX, has hinted towards an impending Eigenlayer Token Generation Event (TGE). According to Layergg, Alterra, which is a top contender in the Eigen-beta category, could potentially distribute airdrops of EIGEN and XTER tokens to its stakers. This emphasizes the potential benefits for early supporters.
Orion (ORN): Pioneering Exposure To EigenLayer
Orion, which is currently known as $LUMIA, has piqued Deutscher’s interest as the initial staking rollup on EigenLayer. He shares, “Exposure to EigenLayer prior to its launch is limited, making Orion noteworthy. Additionally, they are rebranding to $LUMIA, and recent crypto market trends suggest that rebrands have significant impact.”
Dogecoin (DOGE): Speculative Surge Ahead Of Doge Day
Leading up to April 20th, known as Doge Day, Dogecoin‘s past performance has become a topic of great interest among traders and investors. According to Deutscher, DOGE has shown promising results in the recent years, fueling anticipation that Elon Musk might tweet about it. This speculation creates an opportunity for potential trades as people search for signs of strength in the market.
Lesser-Known Crypto Altcoins To Watch
Additionally, Layergg offers valuable perspectives on this week’s crypto token trends and potential market-shaping stories.
Ethena (ENA): According to Layergg, ENA stands out for its exceptional results and strategic growth. “Not only has ENA generated the highest earnings among leading dApps in the past week, bringing in $8M, but it has also broadened its market reach by accepting BTC as collateral.”
Fantom (FTM): According to Layergg, Fantom’s focus on “scaling horizontally” positions it well to capitalize on Solana’s recent problems. Furthermore, Andre Cronje’s remarks about the forthcoming “Sonic upgrade” and a larger goal for the summer highlight Fantom’s ambitious plans.
The allure of substantial rewards for $MNT investors, coupled with an all-time high in the value of $PUFF after an airdrop, underscores Mantle’s increasing popularity. According to the crypto expert, Mantle’s total value locked and number of holders are hitting new records each day, fueling continued price growth.
ANKR: The upcoming announcement at “Stability World AI” has brought increased attention to ANKR in the cryptocurrency world. According to Layergg, the value of the $ANKR token is being reconsidered due to Neura’s unique integration of AI, dePIN, BTC LST, and RaaS technologies.
Stargate (STG): The upcoming launch of Stargate V2 and its role as the front-runner in bridge technology is prompting a reassessment of the significance of interoperability initiatives. According to Layergg, “The fierce competition with Wormhole’s $W is causing a reevaluation of the worth of interoperability projects, and STG is taking the helm.”
At press time, BTC traded at $71,713.
Read More
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- USD COP PREDICTION
- Ethereum (ETH) Crashes Dramatically, What’s Next? Solana (SOL) Can Still Reach $200, XRP Struggling Before $0.63 Test
- Profit from the Dip: Hong Kong To Debut Asia’s First Inverse Bitcoin ETF — Here’s When
- US Govt Dumps $4M In Bitcoin Again, Another BTC Selloff Ahead?
- Bitwise Ether ETF Reveals 10% Profit Donation To Ethereum Developers
- Breaking: Spot Ethereum ETF Trading Affirmed by US SEC
- Dogecoin (DOGE) on Rise? All You Need to Know This Week
2024-04-08 21:11