WIF
This digital currency, which combines the SOL chain with meme culture, is shining in the market with its unique charm. As a leader in the SOL ecosystem, WIF has always maintained a high transaction volume and an active community atmosphere, which is backed by a strong main force and a solid mass base.
Imagine that WIF, a meme coin whose market value has climbed to the third in the industry (following DOGE and SHIB), has created a miracle of a market value of about 4 billion US dollars in just four months. This is not just a numerical increase, but also the market's recognition of its strength and potential. It originated from a Shiba Inu meme wearing a hat, but it has long surpassed the meme itself and has become a force that cannot be ignored in the cryptocurrency market.
WIF, based on the Solana blockchain, perfectly combines the speculative fun of meme coins with the stability and reliability of blockchain technology. It is like an explorer wearing a mysterious hat, freely galloping in the vast world of the crypto world, enjoying the joy brought by high returns and bravely facing the market fluctuations and challenges. Buy in batches and invest steadily, and WIF will bring a miracle of 5 to 10 times the increase in the future!
FTM
Fantom will launch its much-anticipated Sonic testnet next week, its most ambitious upgrade to date. The upgrade introduces a new high-throughput Layer 1 blockchain with a native Layer 2 bridge to Ethereum [ETH]. Fantom seeks to optimize performance and provide a more seamless user experience by testing new features before major releases. Sonic plans to offer the low cost, scalability, and speed of Layer 2 with the security of Layer 1, targeting 10,000 TPS and already reaching 2,000 TPS on the testnet. Full release is expected in late Q4 2024.
FTM is priced at $0.38, down 16% over the past week and up 10% last week, with a market cap of $1.85 billion. Fantom has been in a downtrend over the past week but broke out of a falling wedge pattern on the daily chart. It reached the $0.50 price level before falling back to around $0.40, which is a critical support area. The $0.4 price level had previously driven the price up 37.48%, which suggests that traders may have an opportunity to enter the market and target the first target of $0.50 again. Once market conditions are favorable, Fantom may reach the $1 mark in 2024.
As the Sonic upgrade approaches, FTM prices could go parabolic either immediately or once more fundamentals kick in. Combining the OI-weighted funding rate with recent social dominance and volume associated with the Sonic upgrade suggests FTM could be poised to rise.
ARB
Ethereum L2 scaling solution Arbitrum (ARB) is preparing for the Stylus upgrade on September 3, which is a major advancement for developers. This makes it possible to create smart contracts using programming languages such as Rust, C, and C++, expanding the range of languages that can be used for smart contract development. The goal is to simplify building on Arbitrum, attract more developers, and encourage innovation on the platform. Other advantages include multi-virtual machines (multiVM), cheaper execution, full interoperability, and providing cheap reentrancy detection.
ARB price is currently trading at $0.48, down 10% from last week, with a market cap of $1.79 billion. Despite the recent market decline, ARB is showing signs of strong potential, similar to the 2023 pattern. Once it breaks above $0.61 and forms a weekly bullish pattern, ARB could hit the $1 mark above the key levels of $0.73 and $0.825.
