3 Altcoins to Consider as the Crypto Market Turns Bullish
- Arbitrum records strong network growth despite continued token dilution and price weakness.
- Ethena gains institutional backing with potential revenue-sharing benefits for ENA holders.
- Ethereum tests critical support while oversold conditions hint at a possible recovery.
The crypto market has started showing stronger signs of recovery after weeks of uncertainty. Improving sentiment often shifts attention toward projects with solid fundamentals and growing adoption. Strong network activity and institutional interest can provide valuable clues during this stage. Some tokens continue expanding despite recent price weakness. Others hold important technical levels before a potential rebound. Arbitrum, Ethena, and Ethereum each offer different opportunities as bullish momentum gradually returns.
Arbitrum (ARB)
Arbitrum continues proving that strong network growth does not always translate into immediate price gains. Activity across the ecosystem remains healthy despite heavy selling pressure on ARB. Robinhood Chain launched on Arbitrum technology during early July and quickly delivered impressive numbers. Daily trading volume climbed above $500 million at peak activity. More than 17 million transactions arrived during the first week. User adoption also accelerated with over 350,000 active addresses joining the network. Network expansion continued across decentralized finance. Arbitrum climbed to eighth place among all blockchain networks by total value locked, reaching roughly $1.2 billion. The platform also leads every Layer 2 network in Aave v3 borrowing and lending activity with about $728 million locked.
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