COTI

Mantle

Metis

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<p>The post <a href="https://coinpedia.org/news/these-altcoins-to-watch-as-ethereums-dencun-update-approaches-say-crypto-analyst/">Ethereum Dencun Upgrade: Add THESE Altcoins to Your Portfolio Now, Says Analyst!</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Renowned crypto analyst Miles Deutscher recently dived into the upcoming ‘Dencun’ upgrade for <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/">Ethereum</a>, foreseeing a substantial impact on the ETH ecosystem. Deutscher points out that this development is set to benefit various altcoins significantly.</p> 
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   <p lang="en" dir="ltr">Ethereum's ‘Dencun’ upgrade is going to have a massive impact on the ETH ecosystem.<br><br>There are a few altcoins which are set to benefit immensely.<br><br>But you have a limited window to capitalise.<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;">: Everything you need to know about Dencun (EIP-4844) + my top altcoin picks.</p>— Miles Deutscher (@milesdeutscher) <a href="https://twitter.com/milesdeutscher/status/1760353219740672439?ref_src=twsrc%5Etfw">February 21, 2024</a>
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<p>Read more about this below.</p> 
<h2 class="wp-block-heading" id="h-upcoming-ethereum-s-dencun-update">Upcoming Ethereum’s Dencun Update</h2> 
<p>On March 13, Ethereum, the world’s second-largest cryptocurrency, is poised for a significant transformation through the ‘<a href="https://coinpedia.org/news/ethereums-mainnet-set-for-much-anticipated-dencun-upgrade-on-march-13-heres-the-possible-eth-price-reaction/">Dencun’ hard fork</a> update. However, The Dencun update is part of ‘The Surge’, a series of updates in Ethereum’s strategic roadmap which is designed to enhance scalability, security, and usability within the network.</p> 
<p>The ‘Dencun’ update, featuring Ethereum Improvement Proposals (EIPs), aims to cut fees on Ethereum Layer-2s significantly. This move is strategic, making these chains more commercially viable for decentralized applications (dApps) and users.</p> 
<p>Also Read: <a href="https://coinpedia.org/news/ethereums-mainnet-set-for-much-anticipated-dencun-upgrade-on-march-13-heres-the-possible-eth-price-reaction/">Ethereum’s Mainnet Set For Much-Anticipated ‘Dencun’ Upgrade On March 13: Here’s The Possible ETH Price Reaction</a></p> 
<h2 class="wp-block-heading" id="h-top-6-altcoins-to-watch-nbsp">Top 6 Altcoins To Watch&nbsp;</h2> 
<p>Miles Deutscher has identified six altcoins poised to ride the wave of Ethereum’s upcoming Dencun upgrade:</p> 
<ul> 
 <li><strong>Optimism:</strong> As the second-largest Layer-2 by TVL, Optimism has demonstrated strength in transactions and <a href="https://coinpedia.org/price-prediction/optimism-op-price-prediction/">recently announced</a> its fourth airdrop.</li> 
 <li><strong>MATIC</strong>: Despite trailing other Layer-2 solutions, <a href="https://coinpedia.org/news/will-polygons-matic-skyrocket-to-1-after-big-buys-and-gemini-listing/">MATIC has invested</a> significantly in ZK technology.</li> 
 <li><strong>Metis: </strong>Positioned for growth, Metis benefits from strong support, including the $400 million Metis Ecosystem Fund, and plans to launch a decentralized sequencer alpha mainnet in March.</li> 
 <li><strong>Arbitrum: </strong>Recognized for its <a href="https://coinpedia.org/press-release/solanas-network-outage-is-great-news-for-this-eth-based-memecoin/">excellent metrics</a> and reputation as a preferred chain for new dApp launches, Arbitrum leads in Total Value Locked (TVL) and transaction volume.</li> 
 <li><strong>Mantle: </strong>Among the fastest-growing Layer-2s, Mantle boasts <a href="https://coinpedia.org/price-analysis/mantle-price-jumps-over-20-today-will-mnt-price-hold-its-gains/">over $1.5 billion</a> of ETH staked as mETH (Mantle Staked ETH), ranking as the third-largest Liquid Staking Derivative (LSD).</li> 
 <li><strong>COTI Network:</strong> Announcing its V2 release, COTI is a privacy-centric Ethereum Layer-2 introducing ‘Garbled Circuits’ to enhance privacy.</li> 
</ul> 
<p>Deutscher also highlights Manta Network, Starknet, zkSync, and Linea as projects worth keeping an eye on, emphasizing the broad impact of the Dencun upgrade.</p> 
<h2 class="wp-block-heading" id="h-ethereum-price-analysis">Ethereum Price Analysis</h2> 
<p>As of now, Ethereum’s price is at $2,992, showing a 2.07% increase in the last 24 hours, with a circulating supply of 120.16 million. This is the highest price since May 2022, bouncing back from a low of $1,000 in June 2022.</p> 
<p>Read More: <a href="https://coinpedia.org/news/altcoin-adventures-arthur-hayes-top-crypto-portfolio-picks-in-this-altcoin-season/">Altseason is Here! Here are Arthur Hayes’ Top 8 Crypto Picks</a></p> 
<p>Despite this positive trend, experts predict a potential correction or a price decrease around the <a href="https://coinpedia.org/news/ethers-potential-surge-to-5-2k-kraken-otcs-technical-analysis/">$3,200</a> mark. Projections suggest the price may fall within the range of $2,100 and $1,800, based on Fibonacci retracement levels. </p> 
<p>Investors are advised to stay alert in this dynamic market scenario.</p>

Ethereum Dencun Upgrade: Add THESE Altcoins to Your Portfolio Now, Says Analyst!

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