- Injective: Altria Upgrade enhances EVM compatibility, transaction speed, and DeFi functionality.
- Lido DAO: Token-holder update may introduce governance or tokenomics changes, impacting Ethereum staking ecosystem.
- Ripple: Spot ETF progress boosts institutional access and on-chain activity, signaling wider adoption potential.
This week, several promising altcoins are attracting attention with updates that could significantly influence the crypto market. Investors are closely watching protocols preparing network upgrades, governance announcements, and ETF developments. Among the projects making headlines are Injective, Lido DAO, and Ripple, all of which could experience notable changes impacting both short-term trading and long-term adoption.
Injective (INJ)
Injective Protocol is preparing for its Altria Upgrade on November 11, following community approval of Proposal IIP-583. The upgrade aims to deliver faster transaction speeds, improved EVM compatibility, and instant finality. These improvements specifically target DeFi applications, derivatives, and tokenization, positioning Injective as a highly efficient and scalable layer-one solution. Investors have already shown confidence, driving INJ’s price up by 8% over the past week in anticipation of the upgrade.
Traders are particularly excited about the potential for more seamless interactions across decentralized exchanges and cross-chain protocols. With enhanced network performance, Injective could attract more users and developers, increasing liquidity and overall activity on the platform. Analysts suggest that the Altria Upgrade could be a turning point for INJ, especially for investors seeking projects with clear growth catalysts.
Lido DAO (LDO)
Lido DAO plans a token-holder update on November 11. While the session is officially routine, market observers note the potential for governance adjustments or tokenomics changes. Lido holds a central role in Ethereum liquid staking, with a Total Value Locked of around $31.24 billion. Any substantial announcement could influence LDO’s price and create ripple effects across the DeFi ecosystem.
Investors are particularly focused on potential changes to staking yields or governance voting structures, which could affect long-term token value. This session may also provide insights into Lido’s broader strategic direction and upcoming initiatives. Analysts believe that even small adjustments in Lido’s governance could shift market sentiment and attract new participants to the protocol.
Ripple (XRP)
Ripple Labs continues to gain attention as several asset managers update their S-1 filings for spot XRP ETFs. Firms including Canary Capital, Bitwise, Franklin Templeton, and 21Shares standardized their filings to streamline SEC approval. All five proposed spot XRP ETFs are now listed on the DTCC, reinforcing XRP’s status as a non-security asset. Approval of these ETFs could expand institutional access to XRP.
The market has already responded positively, reflecting optimism about increased adoption. Analysts expect that, once approved, these ETFs may encourage broader participation from traditional financial institutions. Investors are closely monitoring SEC decisions, as approval could trigger a surge in demand and potentially elevate XRP’s price.
Injective’s Altria Upgrade promises faster transactions and improved DeFi capabilities, potentially attracting more users. Lido DAO’s token-holder session could introduce significant governance or tokenomics updates, affecting investor sentiment and staking strategies. Ripple’s progress on spot ETFs strengthens institutional access and could boost on-chain activity and liquidity.
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