Top 3 Cryptocurrencies To Watch This Weekend

The cryptocurrency market seems to be gearing up for a Christmas rally. The global crypto market cap has surged 2% in the last 24 hours, currently at $1.74 trillion. Bitcoin (BTC), the original crypto, hovers just below the $44k mark, rallying 2.7% in the weekly charts. The market rally may continue through Christmas and into the new year.

With that said, let’s look at the top 3 cryptocurrency projects to watch this weekend.

Top 3 cryptocurrencies to watch this weekend

Solana (SOL):

Solana
Source – Coin Culture

Solana (SOL) is currently the best-performing cryptocurrency among the top 10 projects. The asset has risen by over 880% since January and is inching closer to the $100 mark. The token might breach the $100 by Christmas and continue its rally into the new year.

Also Read: Solana: How to Be a Millionaire When SOL Hits $100

SOL is currently up by 16.1% in the daily charts, 31.2% in the weekly charts, and over 81% in the last month.

Source: CoinGecko

SOL is currently down by over 62% from its all-time high of $259.96, which it attained in November 2021, almost two years ago.

Avalanche (AVAX):

Avalanche
Source: cryptopolitan

AVAX is another top cryptocurrency that has given impressive results in 2023. Since January, the token’s price has surged by over 340%. AVAX began to rally in November after struggling for most of 2023. The token’s latest rally could be due to its recent token unlock and its partnership with JPMorgan and Citi.

Also Read: How to Be a Millionaire When Avalanche (AVAX) Hits $50

The crypto market seems to be gearing up for a Christmas rally. Therefore, let's look at the top 3 crypto projects to watch this weekend.
Source: CoinGecko

AVAX is up 6.3% in the last 24 hours, 22.5% in the weekly charts, and over 140% in the previous month. At this rate, the token may hit $50 by Christmas.

Near Protocol (NEAR):
The crypto market seems to be gearing up for a Christmas rally. Therefore, let's look at the top 3 crypto projects to watch this weekend.
Source: CoinGecko

NEAR is among the best-performing cryptocurrencies right now. The token has hit a new yearly high of $3.56, surging 24.6% in the last 24 hours. Moreover, the asset is up by 57.9% in the last seven days and 94% over the previous week. Since January, NEAR’s price has risen by over 180%.

  • cryptocurrency

Comments

Post a Comment

Popular posts from this blog

FTX seeks $175M settlement with Genesis entities to resolve dispute

However, FTX creditors express discontent and urge the Official Committee of Unsecured Creditors of FTX (UCC) to contest the agreement. FTX, the troubled cryptocurrency exchange, and its CEO John J. Ray III have filed a motion seeking to reach a settlement of $176 million with Genesis entities.  As per a legal document, FTX Trading and related debtors have formally requested a court mandate to resolve their disagreement with Genesis entities , aiming to settle claims amounting to nearly $176 million. The claims put forth by Genesis entities involve around $176 million in customer claims against FTX Trading and its affiliates. However, FTX creditors expressed discontent and have urged the Official Committee of Unsecured Creditors of FTX (UCC) to contest the agreement. They point to Alameda's transfer of significant FTX customer funds to Genesis in 2022 as a concern. FTX asks court to settle Genesis dispute for a $175 million Genesis claim, the release of a $175 million customer
Read more

JPMorgan debuts tokenization platform TCN with BlackRock among key clients: Report

The platform enables the conversion of traditional assets into digital assets and makes way for faster and more secure settlements on-chain. American banking giant JP Morgan debuted its in-house blockchain collateralization platform called Tokenized Collateral Network (TCN) on Oct. 11, reported Bloomberg. TCN settled its first trade for asset management giant BlackRock. Tokenized Collateral Network is an application that allow investors to utilize assets as collateral. Using blockchain technology they can transfer collateral ownership without moving assets in underlying ledgers. The TCN network in its first public collateralized trade between JP Morgan and BlackRock turned shares of one money market fund into digital tokens, which were then transferred to Barclays Plc as security for an over-the-counter derivatives exchange between the two companies. The first internal test of TCN was conducted by JPMorgan in May 2022 and has a pipeline of other clients and transactions now that T
Read more

OpenSea ex-manager retracts bail request amid ongoing appeal

Nathaniel Chastain, a former product manager at NFT marketplace OpenSea, has opted to begin his three-month prison term for insider trading. On Sept. 6, the legal representatives of Nathaniel Chastain submitted a letter to a New York District Court, notifying the judge that Chastain has chosen to retract his bail application while the appeal is ongoing . As per the court’s earlier verdict, he will willingly surrender himself by Nov. 2 to start serving his sentence while the appeal is being reviewed. Earlier in May, Chastain was convicted of wire fraud and money laundering, marking the first insider trading case in the NFT sector. The former OpenSea executive was charged with exploiting confidential data to earn substantial profits by purchasing NFTs shortly before they were featured on OpenSea’s homepage, where their value would surge instantly. Chastain allegedly capitalized on this inside information, selling the NFTs at a higher price once their value escalated, breaching
Read more