This Week's 5 Altcoins to Watch: ADA, LINK, XRP

Doors Opening with a Busy Agenda: Altcoin Week

This week in the crypto market will be filled with important updates and events. Especially altcoins like ADA, INJ, LINK, LDO, and XRP may attract investors' attention with developments unique to their ecosystems.

Chainlink Rewards Season 1 Begins

Announced on November 3, Chainlink Rewards Season 1 will start on November 11. Users staking LINK will be rewarded with this airdrop. It is expected to create new opportunities for LINK stakers with the support of nine Build projects. Notable names among these projects include Dolomite (DOLO), Space and Time (SXT), and Brickken (BKN).

Injective's Important Update

Injective's INJ token may see movement with the Altria Update to be held on November 11. This update will include one of the network’s major innovations and is expected to attract investors’ interest. Those staking INJ are focused on this update, which will enable the network to achieve advanced transaction speeds and performance.

Cardano Summit and ADA's Rise

The ADA community is eagerly anticipating the Cardano Summit to be held in Berlin on November 12. This two-day event is expected to feature nearly 75 speakers and significant announcements. Consequently, ahead of the event, ADA's price has risen to $0.59, increasing by 6% in the last 24 hours.

Lido Finance and LDO Updates

On November 11, Lido Finance will implement an update that could cause fluctuations in LDO's price. Although details have not yet been revealed, governance changes and protocol adjustments may be involved. Lido's strong position in the liquid staking market for Ethereum could amplify the impacts of such updates.

XRP and ETF Developments

XRP continues to stay in the spotlight this week with excitement over ETF approval. While Nasdaq's approval is awaited, Canary Capital has updated its application for a spot XRP ETF. These changes allow for control over the effective date of the SEC's registration statement.

In summary, this week may witness notable developments in altcoins. Investors should consider all these opportunities and risks during this process.