Cryptocurrencies managed to rise despite strong US inflation data. Prices made a strong comeback on Thursday and Friday. Bitcoin, the leading digital asset, remains above $19,000. Thus, the crypto market cap was approximately $1 trillion. Now that we have entered the weekend, there are some altcoin projects that investors should watch out for. These cryptocurrencies may experience activity over the weekend. Read on to find out the analyst’s predictions.
“These 3 altcoins may experience activity over the weekend”
“Ethereum Name Service (ENS) has increased by 170% recently”
Ethereum Name Service (ENS) is a leading blockchain project disrupting the domain and NFT market. The project basically works as a decentralized domain name service for wallets and websites. In particular, it makes it possible for users to create websites, dApps, and wallets with the .eth domain. To date, the project has over 2.6 million domains and over 507 integrations. So what price action awaits ENS, the native token of this platform?
Ethereum Name Service price has rebounded strongly over the past few days. ENS rose to $20.41, the highest level seen since May 6th. Thus, it registered an increase of more than 170% from this year’s low. This growth has come at a difficult time when most altcoin assets have plummeted. This is why high volatility makes it a good crypto to trade over the weekend.
“Alchemy Pay (ACH) is ideal for trading this weekend”
As Cryptokoin.com reported, Alchemy Pay is a project that aims to bridge the gap between cryptocurrencies and fiat currencies. It helps companies accept crypto payments. Additionally, it supports direct consumer fiat to crypto exchanges on your platform. However, the project also provides a fiat payment platform. Currently accepted by some of the top Ecommerce companies such as Alchemy Pay, Shopify, Checkout.com, Nium and ePay.
Meanwhile, the Blockchain project hosts an altcoin asset called ACH. ACH, an ERC-20 token, works as the native cryptocurrency for Alchemy Pay. This is mainly used to lower Transaction fees, network usage rewards and transaction costs. The altcoin rallied after this week’s low. Thus, it gained more than 26% in value. Currently, the cryptocurrency has high volatility. Therefore, the token looks ideal for day-to-day transactions over the weekend.
“Reef (REEF) gained 81%, may continue to rise”
REEF is an acronym for Reliable, Extensible, Efficient and Fast. This project maintains full smart contract technology. However, it integrates features of the most widely used blockchains. REEF makes it possible to distribute Ethereum-based embedded ERC-20 tokens on Reef and transfer liquidity between Ethereum and Reef Chain.
The blockchain project has also received support from funds such as NGC, Kinetic Ventures, Krypital Group, and TRG Capital. The use cases of the project and the support received are also reflected in the price. Accordingly, the altcoin has performed well over the past few days. During this period, REEF increased more than 81% from its September low. This volatility is likely to continue throughout the weekend. Cryptocurrency has the potential to target higher levels.
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