For crypto enthusiasts, excitement is on the rise. Given the remarkable performance in the previous weeks, this new week isn’t expected to be different. With momentum building, we will cover seven altcoins to watch this week, according to a prominent analyst, including Solana (SOL), Injective (INJ), Ripple (XRP), Fantom (FTM), Polygon (MATIC), Chainlink, and InQubeta (QUBE).
This insightful post will explain why these are the best coins to invest in. Let’s begin.
InQubeta (QUBE): The Best ICO
InQubeta (QUBE) has been hailed as 2023’s best ICO. To date, a whopping $6.7 million has been raised. Meanwhile, according to a top expert, it will reach the $7 million fundraising milestone before the end of the week.
Its innovation and staggering growth potential are the key reasons behind the surge in its presale participation. It aims to solve the fundraising problem in the AI sector by becoming the first crowdfunding platform for AI startups through cryptocurrency. The presale is in the sixth stage, and a token costs only $0.01925. According to a prominent analyst, it will rise by 50x after launch, positioning it as the best new crypto to invest in.
Solana (SOL): A Leading Blockchain Platform
Solana (SOL) is a prominent blockchain platform that provides decentralized finance (DeFi) solutions. While it isn’t as popular as Ethereum, Solana is nonetheless a top pick for projects and developers seeking innovative DeFi solutions.
In light of its performance this year—400% growth year-to-date—Solana was one of the biggest stars in 2023. That isn’t all. Solana has significant upside potential, putting it among the best coins to invest in and one to watch this week.
Injective (INJ): Maintaining Upward Trajectory
Injective (INJ) is a blockchain platform that powers DeFi applications, exchanges, prediction markets, and lending protocols. Thanks to its critical use cases, it skyrocketed this year. With immense room for adoption and growth, Injective is a good crypto to buy.
Further, its momentum doesn’t appear to be slowing down. Starting the week with a strong footing, Injective is one of the top altcoins to keep an eye on this week. If you are seeking to hold long positions, Injective is a strong option to consider.
Ripple (XRP): Impending Price Bounceback
Ripple (XRP) was tagged as the most undervalued token by a reputable analyst. According to forecasts, it will skyrocket in the coming days or weeks. This makes XRP a coin not to overlook.
While it is currently seeing a slight dip in price, XRP is expected to stage a comeback soon. So, if you wish to ride this week’s bullish wave, a compelling option is XRP. Moreover, it plays a crucial role in the crypto space: cross-border transactions, making it an excellent investment for both the near and long term.
Fantom (FTM): Innovative DeFi Solutions
Fantom (FTM) was designed to be the Ethereum killer, and it has been living up to the hype. The blockchain and smart contract platform has been seeing steady adoption and growth. At the moment, Fantom is a popular destination for innovative DeFi solutions.
It recently entered the $0.3 price zone, and according to an analyst forecast, it will end the year trading at $0.5. Given its upside potential, Fantom is a coin to keep an eye on. So, if you will be holding a long position this week, you might want to consider Fantom.
Polygon (MATIC): A Potential Top Winner this Week
Polygon (MATIC) is renowned for its scaling solution and the facilitation of the creation of decentralized applications (dApps). In the layer-2 ecosystem, Polygon stands out as a favorite.
The cryptocurrency is aiming to reach $1 before the end of 2023. At its current valuation of $0.8, Polygon presents a good entry point. Investors are currently in a frenzy and accumulating Polygon, positioning it as one of the best cryptos to buy now.
Chainlink (LINK): Set for Explosive Growth
In the blockchain ecosystem, Chainlink (LINK) distinguishes itself for its innovative solution. It aims to bring all the world’s data to the blockchain and allow communication between off-chain data and smart contracts.
Given the above, Chainlink is set to experience a tidal wave of adoption. The price has been gaining momentum, and this week might be when it explodes. To not miss out on massive gains, you might want to check out Chainlink.
Conclusion
The seven altcoins to keep an eye on this week, according to a top analyst, are Solana, Injective, XRP, Fantom, Polygon, Chainlink, and InQubeta. If you wish to position yourself for significant gains, these are the cryptocurrencies to consider.