Crypto's Post-Correction Surge: Dogecoin Spikes While Altcoins Shine

Last week's crypto market correction saw major currencies decline, but Dogecoin bucked the trend with a 16% surge. Analyst Layergg highlights promising altcoins for watchlists, including Dogecoin with its Coinbase futures launch and "Doge Day," Aptos with an anticipated RWA announcement, Pendle with potential EigenLayer token launch, and Stacks gaining attention ahead of Bitcoin halving.

Crypto Market Experiences Correction, Dogecoin Soars Amidst Altcoin Surge

The cryptocurrency market endured a downward correction last week, with prominent cryptocurrencies like Bitcoin and Ethereum suffering declines of 1.7% and 4%, respectively. However, the weekend witnessed a lull in market activity, with one notable exception: Dogecoin (DOGE), which surged by an impressive 16%, outshining most other meme coins.

Analyst Highlights Promising Altcoins for Watchlist

Layergg, a highly regarded crypto analyst with a substantial following of nearly 100,000 on X, shared his insights on some of the most promising altcoins to keep an eye on this week.

1. Dogecoin (DOGE):

Coinbase International is poised to launch DOGE futures trading on April 1st. Additionally, April 20th is widely recognized as 'Doge Day,' and historical patterns suggest that meme coin prices may respond positively to such events.

2. Aptos (APT):

Aptos is expected to make a significant real-world asset (RWA) announcement in April, sparking speculation of potential partnerships with major asset managers like BlackRock or Franklin Templeton. Details are anticipated to be unveiled at the 'Aptos DeFi DAYS' event on April 2nd.

3. Pendle (PENDLE):

Mid-April may witness the launch of the EigenLayer token, according to Arthur Hayes. Buoyed by the success of ETHFI, which yielded returns exceeding 200%, interest in Pendle Finance's offerings has been reignited. Upcoming token releases from Restaking projects could further propel Pendle Finance's momentum.

4. Fantom (FTM):

The Fantom Sonic Mainnet launch is scheduled for late March or early April. CEO Andre Cronje has been actively engaged in promotional efforts, and his considerable influence warrants strategic consideration for investors.

5. Stacks (STX):

With the Bitcoin halving less than a month away and the Nakamoto upgrade slated for late April, Stacks continues to attract attention from global asset managers like Franklin Templeton as the first SEC-compliant blockchain.

6. Ondo Finance (ONDO):

BlackRock's announcement of a $100M tokenized asset fund has positioned Ondo Finance as the RWA project most closely associated with BlackRock. Its inclusion as a key project in Bitwise's "Crypto Use Case 2024" Report further suggests potential for additional institutional partnerships.

7. Toncoin (TON):

Telegram has decided to exclusively utilize TON for ad payments, effectively bringing 800 million monthly active users into the fold. Moreover, Telegram's potential IPO serves as a catalyst, while the TON Foundation's Open League, commencing on April 1st, will distribute 30M TON to projects and users within the TON ecosystem. TON has already surged by 44% this week.

8. XPLA (XPLA):

Rumors suggest that zkSync will launch in April, and XPLA recently secured investment from Matter Labs, potentially for a zkSync beta. XPLA has also onboarded the AAA game 'MadWorld' and plans to integrate two more AAA games shortly.

9. Aerodrome (AERO):

The base chain's TVL doubled within a month, and Aerodrome, as the leading DeFi on the Base chain, could potentially act as a Base-beta. Aerodrome plans to launch Slipstream within weeks, and Coinbase Ventures officially announced its purchase and holding of AERO last February.

New Altcoin ICOs Attracting Attention

1. TukTuk (TUK):

TukTuk is an eco-friendly transportation project introducing electric TukTuks, particularly in developing countries, to combat carbon emissions. TUK is currently undergoing its ICO phase and has raised $2.5 million.

2. Dogecoin20 (DOGE20):

Dogecoin20 is a new meme coin that has garnered $10M in its ICO. It introduces a Stake-to-Earn mechanism and DOGE20 staking to reward the community while enhancing utility and sustainability.

3. Green Bitcoin (GBTC):

Green Bitcoin is a utility-rich project centered around prediction markets. It offers gamified and passive staking, allowing users to stake GBTC tokens to potentially earn rewards based on accurate Bitcoin price predictions. It has raised $9M in its ICO.

Conclusion

The recent market correction offers opportunities for investors to meticulously monitor altcoins with upcoming catalysts and robust fundamentals. Moreover, by investing early in these crypto ICOs, you position yourself for potential gains in 2024.