By The crypto market started the week well, with Bitcoin price soaring to $112,000 and the market capitalization of all coins jumping to $3.84 trillion. This article highlights some of the top cryptocurrencies to watch this week, including the likes of Keeta (KTA), Linea (LINEA), and Polkadot (DOT).
Linea (LINEA)
Linea will be one of the top cryptocurrencies to watch this week as it launches its airdrop, a move that will birth a token valued at over $1 billion.
Started by Consensys, Linea has become a major player in the Ethereum scaling industry. It mainly focuses on zero-knowledge scaling, which analysts believe is the future because of its privacy features.
Linea has become one of the fastest-growing players in the layer-2 industry. Data shows that the total value locked (TVL) in its platform has jumped to $1.67 billion, much higher than the year-to-date low of $186 million.
Most of this growth came from Aave, the biggest player in the decentralized finance (DeFi) industry, whose assets in the platform has jumped by 3500% in the last 30 days to $809 million. The other top dApps in the network are Renzo, Etherex, and Euler.
Linea’s airdrop could create a token worth over $1 billion because of its strong growth and market share. For example, Arbitrum, the biggest listed layer-2 network has a market capitalization of over $2.6 billion.
The most likely scenario is where the Linea price jumps sharply after the airdrop as many retail investors buy. It will then pull back as some snipers and insiders sell their tokens.
Five weeks ago, Ethereum celebrated 10 years of zero downtime. Next week, LINEA becomes the most significant token to enter the ecosystem since ETH itself.
The eligibility checker is now live ahead of the September 10 TGE.
Check yours at linea.build/hub
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Keeta (KTA)
Keeta is another top cryptocurrency to watch this week as its token recovery continues. KTA token rose from a low of $0.7100 on September 2nd to the current $1.02.
Keeta price jumped as investors reacted to its addition to Coinbase’s platform. Analysts expect that other popular exchanges like OKX and Bybit will list it soon.
Most importantly, the founder has hinted that Keeta’s mainnet launch will happen this month, which likely explains why it has been one of the most bought tokens by smart money investors since August this year.
These catalysts may help to propel the Keeta token price much higher in the coming days. If this happens, it will likely jump to the key resistance level at $1.50.
Five weeks ago, Ethereum celebrated 10 years of zero downtime. Next week, LINEA becomes the most significant token to enter the ecosystem since ETH itself.
The eligibility checker is now live ahead of the September 10 TGE.
Check yours at linea.build/hub
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2.5K
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Polkadot (DOT)
Polkadot, one of the top cryptocurrencies to watch this week, has seen its price jump in the past two consecutive days.
The main reason it will be in the spotlight is that the developers hinted of a major launch to be announced today in a now-deleted X post.
It is not clear what the new announcement will be, which explains why the token may be highly volatile after the announcement happens.
This announcement comes as the community members votes on its tokenomics. Most members are supportive of a hard cap that will reduce its supply to 2.1 billion.
Polkadot is also about to implement elastic scaling to its network as part of the Polkadot 2.0 upgrade. After this, the network will move to the JAM upgrade that will replace the relay chain.
The other top cryptocurrencies to watch this week are Pi Network, Ethereum, Solana, and Bitcoin.
Read more: Top crypto tokens to watch this week: Keeta, Linea, MYX Finance
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