Ethena (ENA), Dogecoin (DOGE), Mantle (MNT), and These 5 Cryptos Are a Must-Watch This Week

Investors are keeping a close eye on several coins that have been making waves recently based on a post by @layerggofficial on X. Ethena (ENA), Dogecoin (DOGE), Mantle (MNT), and a handful of others are emerging as must-watch cryptocurrencies this week. Let’s delve into the latest developments surrounding these coins and the reasons behind their growing interest.

Ethena (ENA) has stolen the spotlight with its impressive performance. Described as a “new shiny + serious project” by Layergg, ENA has witnessed the highest returns among major decentralized applications (dApps) over the last seven days, amassing a staggering $8 million in earnings. Notably, its acceptance of Bitcoin (BTC) collateral has significantly expanded its Total Addressable Market (TAM).

Dogecoin (DOGE) known for its meme-inspired origins, DOGE has shown a consistent pattern of maintaining upward momentum leading up to Doge Day on April 20th in recent years. As the anticipated date approaches, investors are closely monitoring DOGE’s movements.

Mantle (MNT) is making waves by guaranteeing high returns for MNT stakers through its partnership with Ethena/Pendle. MNT stakers have been rewarded with an airdrop of the PUFF token, which has reached an all-time high (ATH) in price, attracting retail investors. Consequently, Mantle’s Total Value Locked (TVL) and its number of holders are reaching new ATHs daily, acting as a catalyst for further upward momentum.

ORDINANCE (ORDI) is gaining attention as it serves as the default memecoin proxy for the BTC Halving cycle. Recently, Franklin Templeton issued a report on Bitcoin Ordinals, adding to the coin’s credibility. Additionally, ORDI is scheduled for a Coinbase Futures listing on April 11th, with the Stacks Nakamoto Upgrade commencing on April 16th.

Fantom (FTM) is capturing interest due to a recent network congestion issue experienced by Solana. Fantom’s “horizontal scaling” narrative positions it as an indirect beneficiary of this problem, making it an attractive prospect for investors. Andre Cronje’s statement about an upcoming Sonic upgrade and the promise of something bigger in the summer further adds to the intrigue surrounding FTM.

Altlayer (ALT), a leading Eigen-beta with a “Restaked Rollup narrative,” has been the subject of rumors regarding an upcoming Eigenlayer Token Generation Event (TGE) in mid-April. Arthur Hayes’ hint has piqued the curiosity of investors, who are speculating about potential airdrops of EIGEN and XTER tokens for ALT stakers.

Ankr (ANKR) is undergoing a reevaluation of its token utility, thanks to a collaboration with Neura_io. The announcement of this partnership at the “Stability World AI” event on April 15th is expected to shed light on the new possibilities for ANKR.

Lastly, Stargate (STG) is on the verge of launching Stargate V2, as hinted by a Layerzero Co-Founder. With its leading volume and Daily Active Users (DAU), STG’s position as a bridge project is being reassessed. The launch of the Wormhole token (W) is causing the broader market to reassess the value of interoperability projects, further fueling interest in STG.

The swift evolution of cryptocurrencies can lead to the emergence of new opportunities. By keeping an eye on these coins, investors can gain valuable insights and identify potential investment opportunities. Stay tuned for further developments and announcements that may impact the market.