Cryptocurrency stocks with the biggest gains this week

The crypto market experienced a correction last week, with major cryptocurrencies such as Bitcoin and Ethereum falling by 1.7% and 4% respectively.

While the weekend was relatively quiet, one meme coin stood out from the crowd – Dogecoin (DOGE) surged 16%, Better than most other meme coins.

Number of layersa cryptocurrency analyst with nearly 100,000 followers on X, shared his insights on the best altcoins this week.

Cryptocurrency Gainers with the Highest Gains

Top Cryptocurrency Gainers of the Past Week, Source – Layergg/X

Here’s a breakdown of his altcoin analysis:

Dogecoin (DOGE): Coinbase International will launch DOGE futures trading on April 1. Additionally, April 20 is known as “Governor’s Day,” and memecoin prices have historically shown sensitivity to such events.

Aptos (APT): Aptos is gearing up for a major RWA (real world asset) announcement in April, with rumors of potential tie-ups involving major asset managers such as BlackRock or Franklin Templeton. Details are expected to be announced at the “Aptos DeFi DAYS” event on April 2.

PENDLE: Arthur Hayes said the EigenLayer token could launch in mid-April. The successful launch of ETHFI brought more than double returns and reignited interest in Pendle Finance products. The Restake project’s upcoming token release may further boost Pendle Finance’s momentum.

Phantom (FTM): The Fantom Sonic mainnet is expected to be launched at the end of March or early April. CEO Andre Cronje is actively involved in promotions and his significant influence warrants strategic consideration.

Stack(STX): With Bitcoin’s halving approaching in less than a month, and the planned Satoshi upgrade scheduled for the end of April, Stacks continues to attract global asset managers like Franklin Templeton as the first SEC-compliant block chain of interest.

ONDO Financial (ONDO): BlackRock announced the launch of a $100 million tokenized asset fund. Ondo Finance is currently the RWA project most closely related to BlackRock. It was also listed as a key item in Bitwise’s “Crypto Use Cases 2024” report, indicating the potential for more institutional partnerships.

TON: Telegram has decided to exclusively use TON for advertising payments, which means an influx of 800 million active users every month. In addition, Telegram has a “potential IPO” catalyst, and the TON Foundation’s public league will begin on April 1 to distribute 30 million TON to projects and users in the TON ecosystem. TON has gained 44% this week.

XPLA (XPLA): There are rumors that zkSync will launch in April, and XPLA recently raised investment from Matter Labs, possibly for a zkSync beta. XPLA also launched the AAA game “MadWorld” and plans to launch two more AAA games soon.

Airport(AERO): The TVL of the Base chain has doubled in a month, and Aerodrome, as the leading DeFi on the Base chain, may act as a Base-beta version. Aerodrome plans to launch Slipstream in a few weeks, and Coinbase Ventures officially announced its acquisition and holding of AERO last February.

New altcoin ICO

electric tuk tuk is an environmentally friendly transportation project, especially the introduction of electric tuk-tuks in developing countries to reduce carbon emissions. TUK is currently in the ICO stage and has raised $2.5 million.

Dogecoin 20 is a new meme token that raised $10 million in an ICO, introducing a Stake-to-Earn mechanism and DOGE20 staking to reward the community while improving utility and sustainability.

#Dogecoin20 Reflects the lively spirit #Memecoins, sparking the imagination of the crypto world. 🪐

Combining memes with on-chain staking, #Dogecoin20 has charted its own unique course and attracted all kinds of people #cryptocurrency fan. 🔗🚀 pic.twitter.com/vizZbyFKKq

— DOGE_COIN20 (@DOGE_COIN20) March 23, 2024

Green Bitcoin is a utility project focused on prediction markets, offering gamification and passive staking where users can stake GBTC tokens to win potential rewards based on accurate Bitcoin price predictions. It has raised $9 million through an ICO.

All in all, the recent correction in the cryptocurrency market provides an opportunity to keep a close eye on altcoins due to upcoming catalysts and strong fundamentals. Additionally, if you participate in these cryptocurrency ICOs early, you may be able to reap potential gains in 2024.

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