Top cryptocurrencies to watch this week: Conflux, Pi Network, Stellar

The crypto market was mixed last week, with Bitcoin price falling into a correction and top coins like Solana and Ethereum remaining in a tight range.

Cronos (CRO) was the best-performing top-100 coin after the creation of the Trump Media Cronos busines,s whose main business will be to accumulate CRO tokens. It has jumped by over 100% in the last 7 days.

Pyth Network (PYTH) price jumped by over 50% after partnering with the US government to have its data on its platform. Other top gainers were Story (IP), KuCoin Token (KCS), and Pump.fun (PUMP). 

Most cryptocurrencies, however, were in the red, with the top laggards being Aerodrome Finance (AERO), Pendle (PENDLE), Lido DAO (LDO), SPX6900 (SPX), and Fartcoin, all which plunged by over 15%. 

This article looks at some of the top cryptocurrencies to watch this week, including Pi Network (PI), Conflux (CFX), and Stellar Lumens (XLM).

Pi Network (PI)

Pi Network will be one of the top cryptocurrencies to watch this week for technical and fundamental reasons. Fundamentally, the network will execute a major upgrade as part of the upcoming Stellar’s transition to Protocol 23.

The other potential catalyst for the Pi Network price is that its institutional growth may continue. Last week, it was one of the few tokens that were listed by Valour, a $1 billion fund. The Valour Pi Fund will be traded in Sweden.

Most notably, as we wrote here, the token has formed bullish chart patterns that could activate this week. It has formed a tiny double-bottom pattern at $0.3302 and a neckline at $0.4646. It has also formed a falling wedge pattern and is in the accumulation phase of the Wyckoff Method. 

Conflux (CFX)

Conflux is another top cryptocurrency to watch this week. The most important catalyst for CFX price is that the developers will activate the V3 update. 

Conflux 3.0 upgrade, also known as tree-graph, will introduce more features to the network. Its most important one will be the introduction of parallel processing, which will supercharge its speed to 15,000 transactions per second. 

Conflux 3.0 will also have advanced AI features and those focused on the real-world asset (RWA) tokenization industry. With the new upgrade, it will be possible for developers to launch stablecoins on the network.

Conflux price has also formed a cup-and-handle and a falling wedge chart patterns, pointing to an eventual bullish comeback, potentially to the cup’s upper side at $0.2730.

Stellar Lumens (XLM)

Stellar is another top cryptocurrency to watch this week as it unveils one of the biggest upgrades. Protocol 23 will introduce eight Core Advancement Protocols designed to enhance Soroban, its smart contract platform. 

For example, the Live State Prioritization will separate the ledger into a live state bucketlist and a hot archive bucketlist, while the Soroban Token Interface Events will enable event emissions for all Stellar operations. It will also reduce Soroban costs and introduce parallel transaction execution.

The XLM price has plunged ahead of the upgrade. It plunged to a low of $0.3582, its lowest level since July 12, invalidating the forming bullish pennant pattern. Therefore, Stellar Lumens price will likely crash to the support at $0.3350 and then rebound.

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