Jakarta, Pintu News – The cryptocurrency market is always full of interesting dynamics to follow. This weekend, several altcoins showed significant potential to make big moves. Here are three altcoins that investors and market watchers should keep an eye on.
1Inch Network has shown an impressive recovery in recent months. From holding just 32% of the DEX aggregator market in March, it has now jumped to 60% in May. Key to this resurgence was their smart expansion into the Solana ecosystem in late April, which coincided with a surge in memecoin trading activity on the platform.
This expansion has brought the volume of the DEX 1Inch Network (1INCH) aggregator to a new record of $52 billion. With the 1IP-78 update underway, market expectations are even higher. Currently, 1Inch Network (1INCH) is trading at $0.2049 with analysts predicting it could reach $0.30.
Also Read: Ripple (XRP) Shakes Dollar’s Dominance in Global Markets, Will XRP Price Rise in the Near Future?
Hyperliquid (HYPE) has emerged as a rising star in the DeFi world since its launch last year. Although trading volume decreased by 40.5% to $128 million, the altcoin still managed to attract attention.
Hyperliquid (HYPE) price has risen 49.9% in the past month, reaching a new peak of $39.93. Hyperliquid (HYPE) is now holding at key support levels of $36 and $33. If the bullish momentum continues, the price could break $40 and possibly reach $43. DPool analysts even called Hyperliquid (HYPE) a “foundation shift in the DeFi derivatives market.”
Quant is further establishing its position within the real asset tokenization (RWA) sector. More than $23 billion of assets have been tokenized, indicating a growing interest in the sector. The number of asset holders has also increased by 13% in the past month, to 113,794. Overledger Quant’s (QNT) operating system consisting of three core layers is key to this growth.
The transaction layer stores verified transactions, the message layer filters and sorts messages to ensure compliance, and the application layer allows developers to build multi-chain applications. Quant (QNT) recently introduced Quant Flow, a tool that streamlines financial operations by automating programming for traditional currencies and digital assets.
This weekend, 1Inch Network (1INCH), Hyperliquid (HYPE), and Quant (QNT) are three altcoins that deserve more attention. With various innovations and expansions underway, these three altcoins offer exciting opportunities for investors looking for big moves in the cryptocurrency market.
Also Read: Big Companies Investing in Bitcoin, a Sign of Long-Term Adoption?
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.