Top 3 Cryptocurrencies to Watch This Week

Paigambar Mohan Raj
Cryptocurrency: 3 Altcoins That Could Outshine Bitcoin in February

The cryptocurrency market has faced a slight correction entering mid-December 2023. The global market cap fell by 3.2% in the last 24 hours, currently at $1.66 trillion. Bitcoin (BTC) and Ethereum (ETH) saw a combined liquidation of over $335 million. However, BTC is steady above $42k, while ETH remains above $2.2k. The recent volatility could be due to the upcoming US CPI (Consumer Price Index) data for November 2023.

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

Top 3 cryptocurrencies to watch this week

Avalanche (AVAX):

The crypto market has faced a correction entering December. The global market cap fell by 3.2% in the last 24 hours, including top crypto.

While most significant cryptocurrency projects have faced a correction in the daily charts, AVAX has surged by 11.8% in the same time frame. Moreover, the token is up by 64% over the previous week. Since January 2023, AVAX has surged by over 220%, beating the likes of Bitcoin (BTC), which has surged by around 154% in the same time frame.

Also Read: Top 3 Cryptocurrencies to Watch Under $0.50: Mid-December 2023

Source: CoinGecko

Solana (SOL):

Solana Price Prediction For The Weekend, Can SOL Hit $70?
Source: YouTube

Solana (SOL) is among the best-performing cryptocurrencies in 2023. Since the beginning of the year, SOL has surged by over 600%, far outshining BTC and other big projects. Although SOL has faced a 4.4% correction in the daily charts, the token is still up by 7.8% over the previous week and 27.9% in the last month.

Also Read: Senator Elizabeth Warren: Crypto is the “New Threat Out There”

There is a chance that SOL could face further corrections this week, given its massive rally in the last few months.


Source – The Coin Republic

Also Read: What Will Ripple XRP Price Be If Bitcoin Hits $500,000?

XRP is among the most popular cryptocurrency tokens in the market. Ripple, a known fintech company, utilizes the token for remittance and cross-border transactions. Ripple was recently partially victorious in its legal battle with the SEC (Securities and Exchange Commission). As a result of its victory, XRP was legally called “non-security,” further propelling its popularity. The token has faced a 6.2% correction in the last 24 hours and is down 3.9% over the previous month.