Altcoins Chainlink, Avalanche, Sui, Sei Show Growth Potential This Fall
As the crypto market enters a typically bearish fall season, several altcoins are showing potential for growth through unique catalysts.
- Chainlink: Trading at $21.74 after a 7% weekly decline, Chainlink has surged 90% due to record-high exchange reserves and significant whale accumulation. Grayscale's filing to convert its Chainlink Trust into a spot ETF could attract institutional investment.
- Avalanche: Priced at $34.44, Avalanche is supported by AgriFORCE Growing Systems' rebranding as AVAX One, aiming to raise $550 million for AVAX tokens. The Avalanche Foundation is backing digital asset treasuries targeting $1 billion in AVAX purchases, indicating potential for a price rally.
- Sui Network: Trading above $3.50, Sui is now a launch partner for Google's Agentic Payments Protocol, enhancing its position in machine-based finance. Nasdaq-listed Mill City Ventures has committed $450 million to hold SUI.
- Sei: At $0.2924, Sei partnered with Crypto.com for institutional-grade custody and integrated Chainlink’s Data Streams for improved market data. Chosen by Wyoming for a blockchain pilot, Sei is gaining traction with regulatory and institutional investors.
These developments suggest these projects may offer promising opportunities in the crypto market this fall.