Top 3 Altcoins to Watch This Week as Bitcoin Struggles to Gain Momentum

With Bitcoin trading below $57,000 and upcoming macroeconomic data releases and the U.S. presidential debate

Bitcoin price is finally showing some signs of life after a dull September. The world’s leading cryptocurrency began the last trading day of the week with another slight gain. BTC price is now hovering around the $56,800 level as both bulls and bears await the upcoming U.S. presidential debate and macroeconomic data.

Both Donald Trump and Kamala Harris have brought crypto into the spotlight. Trump made bullish comments about Bitcoin in the past, while Harris mentioned her openness to exploring digital assets and the potential benefits they may bring.

Meanwhile, several altcoins are also posting notable gains. Three altcoins, in particular, are showcasing impressive price movements and developments.

Coin 1: ADA gearing up for a major price move?

After rising above $2.20 earlier this week, ADA price encountered some resistance and dropped to around $2.13. However, the token is still up more than 5% over the last 24 hours.

This price movement comes amid rising open interest and increased activity on the Cardano network. As more developers and projects migrate to the platform, it could be gearing up for a major price movement.

Coin 2: Stacks smart contracts hit new all-time high

Stacks reached a new all-time high of over 1,400 smart contracts deployed just before the highly anticipated Nakamoto upgrade. This upgrade, which started rolling out in late August, is expected to revolutionize Bitcoin-based decentralized finance (Bitcoin DeFi) by enabling faster transactions and improving security.

Coin 3: Quant token rallies 23% from last week’s low

The Quant token price is finally showing some signs of recovery after hitting a low of $307 last week. At the time of writing, QNT is trading at $378, up more than 23% from its lowest point.

This price increase is partly driven by the staking announcement and long-term investor confidence. However, the token still remains 54% below its all-time high this year.

With staking now available, QNT is becoming more attractive to both investors and developers, which could lead to a supply squeeze and further price appreciation.