Miles Detcher, a popular crypto community analyst, named the most promising altcoins this week.
Among the altcoins to watch, there are leaders in capitalization and very young projects. The analyst explained the reasons for including each coin on the altcoin list.
The analyst noticed a slight correction in Bitcoin (BTC). He explained the growth prospects for BTC by the likelihood of the soon approval of the first spot Bitcoin ETF in U.S. history.
What are the best-performing altcoins this week?
THORChain (RUNE), according to the expert, has not yet realized its growth potential. At the same time, the Solana (SOL) rally will soon end.
He explained the demand for Polygon (MATIC) by the demand for the technical solutions of the project and the likely influx of new investments against the backdrop of its rebranding.
The positive dynamics of Sei Network (SEI) indicate the interest of market participants in cryptocurrency and open up prospects for further growth. The same goes for Celestia (TIA) — the potential of the crypto project can take the coin to new heights.
The analyst also advised investors to keep an eye on Dusk (DUSK), Loopring (LRC), Mina (MINA), GMX (GMX), dYdX (DYDX), Gains Network Price (GNS), Yield Guild Games (YGG) and STEPN (GMT). Each of the coins, according to his observations, has growth prospects.
Crypto market state
Over the past month, the cryptocurrency market has experienced a new wave of growth. The first cryptocurrency, Bitcoin, rose in price by 35% over the month, trading at $36,300 at the time of writing.
Following BTC, the altcoin market also entered the green zone. The largest altcoins by market capitalization are showing significant growth.