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This week, market experts spotlight Solana (SOL), Fantom (FTM), and Chainlink (LINK) as top altcoins to watch, highlighting their unique strengths and recent performance amid unusual market patterns.
Solana Overcomes Network Issues, Outperforms Bitcoin and Ethereum with 17.32% Weekly Increase
Despite grappling with network congestion earlier this year, Solana has showcased its resilience. With the release of a fix on the mainnet by the Solana Foundation and its ecosystem developers, the protocol has proven its reliability, instilling confidence in its potential.
According to CoinGape, Solana is trading at $169.5 when writing, down 1.83%, but it has outperformed Bitcoin and Ethereum (ETH) this week. During this period, it has increased by 17.32%, compared to 7.98% for Bitcoin and 5.24% for Ethereum.
If Solana can retain its resilience, with projects resuming in the coming week, it might experience significant growth.
Fantom's DAG Technology Drives 20.55% Weekly Rise Amid Sonic Network Migration Announcements
Fantom has continued to push the envelope with its Directed Acyclic Graph (DAG) technology, a type of data structure used in cryptocurrencies that allows for faster transactions and scalability. Despite its technological prowess, Fantom is deemed undervalued. At the time of writing, Fantom is trading at $0.8564, down 4.19% in 24 hours. However, its rise during the last week has been estimated at 20.55%. Like Solana and Fantom, Chainlink is a vital part of the ecosystem. As a decentralized Oracle service provider, a platform that provides real-world data to smart contracts on the blockchain, Chainlink is advancing interoperability in ways that no other protocol can match.
Fantom just announced additional details about its Sonic Network migration, a significant development that aims to address the numerous scalability issues that protocols like Solana are currently dealing with. With the spotlight on Fantom in the coming days, its price may eventually test the $1 resistance level.
Chainlink Advances Interoperability, Rises 22.97% with Strong Web3 Partnerships and Ecosystem Integration
Like Solana and Fantom, Chainlink is a vital part of the ecosystem. As a decentralized Oracle service provider, Chainlink is advancing interoperability in ways that no other protocol can match.
Chainlink's appeal stems from its ability to collaborate across the entire ecosystem. Chainlink's Web3 relationships, which refer to its partnerships and integrations with various blockchain platforms, combine Layer 1 and Layer 2 networks. Chainlink is currently trading at $16.63, up 22.97%, and appears among the top 100 gainers.
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