Solana, RNDR, OP, LBR Tokens on Analyst’s Watchlist for Week Ahead

A renowned crypto analyst using the pseudonym “The DeFi Investor” recently took to the X (formerly Twitter) to share a curated crypto watchlist highlighting tokens poised for significant gains in the weeks ahead.

First on the list was Solana (SOL), the seventh most prominent crypto project according to CoinMarketCap ranking. Notably, the analyst featured SOL in his crypto watchlist, given the Solana Breakpoint conference commencing tomorrow. According to him, the event is expected to be a potential catalyst for significant announcements from the Solana team.

The second item on the watchlist features “crypto AI tokens.” Similarly, he highlighted a conference by OpenAI, the project team behind ChatGPT, which is scheduled to kick off on November 6. The analyst underscored that the resurgence of the AI narrative has been drawing attention, making the conference an important event to watch.

Next up on the analyst’s watchlist was RNDR, the native token of Render Network, a decentralized GPU rendering ecosystem. The DeFi investor noted that the Render Network’s team is scheduled to speak at the Solana Breakpoint conference. Besides, he disclosed that the RNDR team is also anticipated to unveil Render 2.0 in the near future.

Furthermore, the watchlist included OP, the native asset of the Optimism network, a scaling solution for Ethereum. The analyst mentioned that approximately $34.8 million of OP will be unlocked on October 30, representing 2.7% of its circulating supply.

Lastly, he noted that LBR is on the radar, as the Lybra Grants Program is set to launch next week. He highlighted that the protocol’s Total Value Locked (TVL) has steadily increased.

Meanwhile, the watchlist included a reminder about the upcoming U.S. FOMC meeting on November 1, cautioning crypto enthusiasts to prepare for potential market volatility in response to the event.