- Thorchain burns 1M $RUNE, Polygon gears for zk Season, and Avalanche’s undervalued potential surfaces.
- From Fantom’s turning tide to SSV Network’s steady rise, Layergg decodes this week’s crypto scene.
- Render Network’s Solana buzz, Combo’s BNB prospects, and Maker’s wait-and-watch scenario take centre stage.
Layergg, an esteemed exchange and venture capital metric provider on the X platform, recently shared their insights on several promising tokens in the cryptocurrency world. Their detailed watchlist sheds light on the potential trajectory of these tokens, offering investors a glimpse into the future of the crypto market.
RUNE is undoubtedly making waves. Drawing inspiration from Luna, its lending module successfully burned 1M RUNE within a month. This achievement, combined with the burgeoning interest in Thorchain’s innovative technology, suggests that RUNE might soon be a focal point for the crypto community.
In contrast, MKR’s journey is experiencing some turbulence. While the Dai Savings Rate (DSR) has successfully integrated with MKR by tying up with US Treasury Bonds, there needs to be more short-term catalysts. This lack might cause a temporary dip in its price until DSR realises its full potential.
Polygon’s MATIC is gearing up for its 2.0 release in the fourth quarter. This rollout promises to bolster the utility of the freshly minted POL token. With EIP-4844 almost completed, many believe that the stage is set for Polygon to lead during the ZK season.
Recent statements by the Fantom Foundation regarding Multichain successfully curbed the short-term downtrend of FTM. The community is eagerly awaiting more announcements from CEO Andre Cronje, anticipating a considerable price surge.
Per the analysis, October promises to be a big month for RNDR. The Render Network’s participation in the Solana Breakpoint conference has sparked rumors. The community anticipates the announcement of the long-discussed Solana chain migration during the event.
The nearing mainnet launch of COMBO and the recent announcement of opBNB’s mainnet in September hints that COMBO might soon be a significant player in the BNB ecosystem. On the other hand, AVAX, often cited as an undervalued major coin, made significant commitments towards Tokenization and RWA, launching the “Avalanche Vista” initiative with a whopping $50M in July. Observers suggest that its real value might be realized later in the RWA cycle.
SSV Network’s steady growth is also noteworthy. Having crossed 10,000 staked ETH in just three weeks post-mainnet, any future partnership with liquidity projects could catapult its price. Lastly, Binance’s recent Launchpad, ARKM, on July 18 might hint at a subsequent announcement having a considerable impact on BNB’s price. With Bitcoin’s dominance on the rise, Layergg advises caution. Altcoins might face a relative weakening, signaling potential shifts in investment strategies.
