A respected cryptocurrency market analyst has highlighted five altcoins that are gaining traction and deserve investors’ attention in the coming days. Here are what they are and what is driving their performance:
Fantom (FTM): Fantom has seen a 20% surge in the past week, outperforming major players such as Bitcoin and Ethereum. This growth has been fueled by expectations surrounding upcoming updates, such as the highly anticipated launch of Sonic. The cryptocurrency currently has a market cap of $1.59 billion and a 24-hour trading volume of $265 million.
Mantra (OM): Seeing a recent 27% gain, Mantra continues to stand out in the DeFi space. The altcoin has shown resilience in the face of macroeconomic factors, including the possibility of interest rate cuts. Mantra currently has a market cap of $886 million and a daily trading volume of $10.24 million.
Sundog (SUNDOG): With a 30% increase in the last week, Sundog has consolidated itself as one of the main altcoins in the analyst's portfolio. The asset shows potential to surpass its all-time high, becoming an interesting option for investors. Its market value is currently US$322 million, with a daily volume of US$100 million.
LayerZero (ZRO): Considered one of the best choices in the interoperability segment, LayerZero draws attention for its strategic distribution of tokens, with no unlocks scheduled until July 2025. This factor ensures greater price stability. ZRO's market capitalization is US$447 million, with a trading volume of US$121.05 million in the last 24 hours.
Foxy (FOXY): Although its growth has been more modest, Foxy has strong potential for appreciation, especially with the Linea airdrop approaching. The asset, whose next resistance is 54% above the current price, promises to hold up during possible market corrections.
These altcoins reflect a growing trend in the crypto market, offering interesting opportunities for investors who are aware of new movements.
Stay tuned for the full analysis to be published later today.
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