The cryptocurrency market seems to be consolidating right now. Bitcoin (BTC) continues to stand below $58,000, and the global crypto market cap has fallen 1.4% in the last 24 hours to $2.13 trillion.
The lackluster performance could be due to low investor sentiment and a selloff from investors who purchased Bitcoin (BTC) at its peak in March. Given that inflation in the US fell 2.5% in August, lower than expected, the market could rebound soon.
The Federal Reserve has also announced an interest rate cut beginning this month. Both developments could trigger a cryptocurrency market rally.
With that said, let’s discuss three crypto assets you could watch this weekend.
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Top 3 Cryptocurrencies To Watch This Weekend
1. XRP
Ripple’s XRP seems to be defying the current market trend. While Bitcoin (BTC) is down 0.2% in the daily charts, XRP has rallied by 6.1% in the same time frame. The cryptocurrency is also up by 4.6% in the weekly charts and 1.2% in the 14-day charts.
The sudden spike could be due to Grayscale’s first US XRP trust. The development could lead to XRP continuing its rally over the weekend.
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CoinCodex data shows that XRP could hit $0.60 on Sunday, Sept. 15, 2024.
2. Toncoin (TON)
TON is another cryptocurrency that seems to be defying the trend. The asset is up by 2.3% in the daily charts, 14.4% in the weekly charts, and 2.1% in the 14-day charts. TON’s rally could be due to Telegram CEO and founder Pavel Durov speaking up earlier this month for the first time after arrest.
CoinCodex data shows the cryptocurrency will trade at $6.27 on Sunday, Sept. 15, 2024.
3. Avalanche (AVAX)
AVAX is the third cryptocurrency on our list. AVAX is also defying the market, rallying 1.3% in the daily charts, 10.6% in the weekly charts, 3.1% in the 14-day charts, and 11.4% over the previous month.
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CoinCodex analysts anticipate AVAX to hit $25.06 on Sunday, Sept. 15, 2024.
