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The DeFi Investor, a leading cryptocurrency analyst, has highlighted several altcoins to watch as major developments unfold this week.
With conferences, token launches, and major announcements on the horizon, these altcoins are expected to see significant movement. Here’s a breakdown of what to expect:
Cosmos (ATOM)
Cosmos is gearing up for its biggest annual conference yet, which kicks off on October 21st. This event is a pivotal moment for the Cosmos ecosystem, with several major announcements expected. Investors and enthusiasts should keep an eye out for any updates that could impact ATOM’s valuation and future developments.
Mantle (MNT)
Mantle’s ecosystem is abuzz with anticipation as the launch of the cmETH retaking token approaches. In addition, rumors are circulating about the COOK token creation event (TGE) expected to take place on October 23. These events could provide momentum for MNT and are recommended for investors to keep a close eye on.
Thorchain (RUNE)
The founder of Thorchain has announced that he will be making a major announcement next week. RUNE holders are eagerly awaiting this announcement as it could catalyze new developments or partnerships that could impact the token’s performance.
zkSync (ZKS)
A proposal for zkSync to launch a $40 million ecosystem incentive program will be rolled out next week.
Cardano (ADA)
The Cardano Summit is scheduled to begin on October 23, and speculations are growing around a major announcement from former Binance CEO Changpeng Zhao (CZ).
Instadapp (INST)
Instadapp is set to launch its highly anticipated Fluid DEX product next week.
Contango (TANGO)
Contango, a prominent DeFi ring layer, is set to launch its token TANGO via Fjord Foundry on October 21. This event could generate significant interest and trading volume as the project is starting to gain traction in the DeFi space.
*This is not investment advice.