It is very important to stay one step ahead in the fast pace of the cryptocurrency world. The DeFi Investor, a famous cryptocurrency analysis account, revealed the list of altcoins to watch this week and the compelling reasons behind their choices. Here is a list of important cryptocurrencies on your radar…
The first altcoin projects on the analyst’s list: Cosmos, RDNT and SUI
The Cosmos ecosystem is set to attract attention when the Cosmoverse conference kicks off on October 2. Crypto enthusiasts and investors are eagerly awaiting important announcements regarding the future of Cosmos during this event. As a pioneer among interoperable Blockchains, Cosmos’ developments are closely monitored by the community. Second, we have Radiant (RDNT) on the analyst’s list. Radiant Capital is preparing to make a significant move as its mainnet is scheduled to launch on the Ethereum network on October 3.
https://twitter.com/TheDeFinvestor/status/1708476105504550963
This landmark event has the potential to usher in a new era for Radiant. Because it can potentially affect market dynamics and attract the attention of both traders and investors. On the other hand, on October 3, approximately $16.6 million worth of SUI tokens will be unlocked, representing approximately 4% of the circulating supply. This event could bring volatility to the SUI market as traders react to the influx of tokens. It may be fruitful to follow SUI’s price movement closely in the coming days.
FTX, Arbitrum and more…
As we reported as Kriptokoin.com, the hearing of the Sam Bankman-Fried case will begin on October 3. Therefore, the crypto world will be on guard. The outcome of this legal battle could have far-reaching implications for the cryptocurrency market, especially regarding decentralized finance (DeFi) and decentralized exchanges (DEXs). On the other hand, following the approval of the $50 million incentive program for the ARB ecosystem, various Arbitrum tokens experienced significant price increases. Network activity increased last week, underscoring the growing interest in the Arbitrum ecosystem.
Chainlink enthusiasts, on the other hand, have something to look forward to as the highly anticipated Smartcon conference kicks off on October 2. Market-moving announcements regarding Chainlink’s future plans are expected during this event, making LINK a cryptocurrency to watch next week. Finally, there is speculation about dYdX V4 since it is built on the Cosmos chain. It is possible that the dYdX team will announce the launch date of dYdX V4 during the Cosmosverse event on October 2-3. This announcement could create a ripple effect in the DeFi landscape. In a market where information flows rapidly and developments occur at lightning speed, The DeFi Investor’s insights provide valuable guidance for traders and enthusiasts.
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