Experts name 2 tokens that will grow significantly this week

The fall of the cryptocurrency market resulted in losses of $ 430 billion and liquidation of traders' positions worth $ 2 billion. Amid fear, uncertainty, and doubts about the escalation of the Iranian-Israeli conflict, the increase in long positions threatens to shorten the period of compression of leading assets.

Cryptocurrency analysts have identified 2 tokens that have a chance to grow this week. Thus, over the past 24 hours, the volume of derivatives on bitcoin (BTC) and Solana (SOL) has increased by 41% and 60%, respectively. The open interest in these two cryptocurrencies is $ 32.41 billion and $ 1.98 billion.

Experts emphasized that bitcoin has the highest potential for future growth. In addition to the rapid growth of volumes and the increase in open interest in BTC futures, this week’s BTC halving is expected. This could be a powerful impetus for short liquidations despite geopolitical uncertainty.

Solana has a similar landscape with a significant liquidity pool at $ 190 per token. Nevertheless, SOL needs a strong trigger to reverse the current downtrend and short to that target.

The Solana network is experiencing corresponding challenges, facing constant congestion and transaction failures. SOL’s developers are already testing solutions that will potentially improve network performance and may restore investor confidence in Solana.