- After an intriguing market trend recorded thus far in May, Solana (SOL), Fantom (FTM) and Chainlink (LINK) are worth watching for the week.
- Despite the broader market’s focus on Bitcoin, these altcoins have shown significant technological strength and market gains.
- “With the latest upgrades and market movements, SOL, FTM, and LINK are setting the stage for potential bullish trends,” noted a market analyst.
Explore why Solana, Fantom, and Chainlink are the top altcoins to watch this week due to their recent performance and technological advancements.
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.
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.
Chainlink Utility to Start Bearing Fruits
Besides Solana and Fantom, Chainlink also occupies an important aspect of the ecosystem. As a decentralized oracle service provider, Chainlink is advancing interoperability in ways no protocol has managed to rival. Currently trading at $16.63, up by 22.97%, Chainlink comes off as one of the biggest gainers in the top 100.
Conclusion
This week, Solana, Fantom, and Chainlink are poised to be the top altcoins to watch. With their recent technological advancements and market performance, these coins offer promising opportunities for savvy investors looking for growth in the volatile crypto market.
