The cryptocurrency market seems to be on the verge of another bull run. After hitting 2-year highs, the market faced a steep correction after inflation in the US increased to 3.2%. Traders were worried that the Federal Reserve may push back its plans for rate cuts in 2024. However, the Fed is on target to bring in three rate cuts by the end of this year. The decision may have boosted investor confidence, leading to another surge in the market.
With that said, let’s look at three assets to watch this weekend.
Top 3 cryptocurrencies to watch this weekend
Bitcoin (BTC):
Bitcoin (BTC) is the market leader and may dictate the movements of most other cryptocurrencies in the foreseeable future. With BTC’s halving just around the corner, we may witness a sudden surge in the asset’s price over the next few weeks. Some analysts have even projected a target of over $100,000 after the upcoming halving.
Also Read: Cryptocurrency: Top 3 Coins That Could Grow 10X in 2024
BTC is currently down by 9.9% from its all-time high of $73.7k, which it attained on Mar. 14, 2024. If BTC reclaims its all-time high, other assets may display similar moves.
Toncoin (TON):
TON is one of the few assets that is green across the board. The token is up by 13.3% in the weekly charts, 56.8% in the 14-day charts, and more than 97% over the previous month.
Also Read: Cryptocurrency: Top 3 Coins To Watch For March-End 2024
According to CoinCodex, TON may continue surging over the next few days. The platform anticipates the cryptocurrency to hit $5 by Mar. 25, 2024.
Dogecoin (DOGE):
Dogecoin (DOGE) has rallied 7% in the last 24 hours and nearly 90% over the previous month. However, the asset has faced a slight correction in the weekly charts. DOGE’s latest rally could be due to two developments. Firstly, it could be due to BTC’s run to a new all-time high, and secondly, it could be due to Elon Musk announcing that Tesla will soon accept DOGE for its vehicles.