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Sei’s (SEI) new “parallelized” EVM and a recent spot-ETF filing by 21Shares
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Cardano, Chainlink and the US government have signed a contract
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Newcomers WLFI & Pyth Network gain traction after a high-profile launch & a new data agreement
September began with a market-wide decline, but smart money understands that dips can be used to buy strength. While the overall market is weak, there are a few altcoins that have distinct, major catalysts which could allow them outperform.
Here are five projects that traders are looking at for a possible September rebound – Sei Cardano Chainlink WLFI Pyth.
Sei (SEI), the “Parallelized EVM”, and an ETF filing
Sei is positioning itself to be one of the fastest L1s. Two major catalysts have put it in the spotlight.
What is the latest tech upgrade?
Sei has just launched its mainnet Beta v2, which introduces the first “parallelized EVM.” The team claims that it will be able to handle 100,000 complex transactions every second.
Is there a institutional interest?
Yes. 21Shares has just filed for a Sei spot ETF with SEC. A filing for an ETF is a huge signal of mainstream interest, and could be a catalyst for a major price increase.
Investors see the current pullback at $0.2785, with a market cap of $1.67 billion.
Related Weekly Token Unlocks : ARB APT SEI Prices Rally Despite New Supply of $120 Million
Cardano (ADA), Chainlink (LINK) – The Real-World Adoption Plays
Cardano and Chainlink, while other projects are focused on speculation, they are serious about real-world infrastructure and government infrastructure.
What is the catalyst for Cardano?
Charles Hoskinson, the founder of DeFi, is pushing for a deeper integration with DeFi. He teases potential collaborations and the introduction to the USD1 stablecoin. These moves are intended to boost on-chain activities and close the gap between larger rivals.
Related to Bitcoin ETH and XRP Slide as Cardano Breaks Through
What is the relationship between Chainlink and the government?
Chainlink has already secured a major contract with the U.S. Department of Commerce to provide macroeconomic data feeds. This validates LINK’s role as a key piece of public-sector technology
The token, currently trading at $22.77 is one of the most closely watched assets. Forecasts point to a significant increase.
WLFI & Pyth: New Launches & New Data
Two other tokens are making waves, one of which has a high-profile debut and the second with a significant government partnership.
What’s new on WLFI?
The WLFI token, backed by Trump, is now live. However, the launch was extremely volatile. The token is currently trading for $0.2377 and has fallen over 15% in the past 24 hours.
Early investors can sell up to 20 percent of their holdings. While the Trump family is estimated to have reaped $500 million in profits from the venture, these price swings show the risks and speculative appeal associated with the token’s high profile backing.
What has Pyth Network achieved?
Pyth has joined Chainlink to serve as an official oracle for the U.S. Department of Commerce. The network has just launched its first GDP data feeds on-chain, a major milestone which significantly boosts the credibility and institutional relevance of the network.
PYTH has risen nearly 40% over the past week, despite today’s decline. At $0.1651, it is still closely followed by traders.
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