The cryptocurrency market shows signs of recovery after facing a slight correction last week. Bitcoin (BTC) has climbed above the $68k mark after falling below $65k on Sunday. With BTC’s next halving cycle approaching next month, there is a possibility that we may witness another rally in the crypto markets.
With that said, let’s look at three assets to watch for the end of this month.
Top 3 cryptocurrencies to watch for March-end
Ethereum (ETH):
Ethereum (ETH) had surpassed the $4k mark last week. However, the asset has faced a significant correction since then. The cryptocurrency is currently down by about 25% from its all-time high of $4,878.26, which it attained in November 2021. During the last bull run, ETH and BTC had attained their all-time highs around the same time. Given that BTC recently hit a new high, there is a possibility that ETH may follow suit.
Also Read: Top 3 Cryptocurrencies to Watch Before Bitcoin Halving
Moreover, there is a lot of talk about a potential spot ETH ETF (Exchange Traded Fund) being approved by the SEC (Securities and Exchange Commission) later this year. If the SEC agrees to a spot ETH ETF, we may see a surge in ETH’s price.
XRP:
Ripple’s XRP token is one of the most popular cryptocurrencies in the market. However, the asset is facing significant resistance at around $0.62. Moreover, XRP’s growth over the last few weeks has been slow despite a market-wide rally. XRP’s lackluster performance could be due to Ripple’s ongoing lawsuit with the SEC. The suit has entered the high court while investors await a verdict. If the high court rules favorably for Ripple, we may see a surge in XRP’s price.
dogwifhat (WIF):
dogwifhat (WIF) has been one of the best-performing cryptocurrencies over the last few weeks. The asset climbed into the top 50 cryptocurrencies by market cap, rallying nearly 683% over the previous month.
Also Read: Cryptocurrency: Top 3 Memecoins To Watch This Weekend
Memecoins, in general, have performed well in the recent market upswing, and the momentum may continue till the end of the month if not more.