The cryptocurrency market is bouncing back from its recent dip. The global crypto market cap has surged to $1.83 trillion, up 2.7% in the last 24 hours. Many analysts anticipate the latest market rally to kick off a new bull run for the crypto sector.
Let’s look at three crypto projects that investors should watch over this weekend.
Top 3 cryptocurrencies to watch this weekend
Bitcoin (BTC):
Bitcoin (BTC) is currently leading the market, and other assets will likely follow its trajectory. BTC reclaimed the $46k level but is still short of its January high of almost $49k. The recent cryptocurrency market rebound is likely due to positive investor sentiment for BTC.
Also Read: Top 3 Cryptocurrencies That Could Surge After Bitcoin Halving
Moreover, the original crypto will undergo its next halving cycle in April. Many consider halving cycles as bullish events as they reduce supply. BTC’s halving in April may jump-start a new bull run for the crypto market. The sentiment around BTC is already positive, fuelled by the SEC’s (Securities and Exchange Commission) historic approval of 11 spot BTC ETFs (Exchange Traded Funds).
Solana (SOL):
Solana (SOL) was among the best-performing cryptocurrencies of 2023, outperforming even BTC by a large margin. However, the asset has faced a significant correction since its 2023 highs.
Also Read: Top 3 Cryptocurrencies Under $0.10 That Could Surge in 2024
If BTC continues its rally, SOL may follow suit. The Solana network had a blackout recently, but the asset seems to have recovered from the setback. Changelly anticipates SOL to reach $108 by the end of this month.
XRP:
Ripple’s XRP token is another popular cryptocurrency to keep your eyes on. Recently, the SEC got the court’s permission to look at Ripple’s financial documents as part of its lawsuit against the company. The development could have implications for XRP’s price. Hence, investors should keep their eyes open for any further developments.