The cryptocurrency market continues its bearish outlook, with Bitcoin (BTC) falling 2% in 24 hours. BTC had briefly reclaimed the $59,000 level yesterday, but the price did not hold. The German government continues its BTC selling spree, which has caused a lot of panic among investors.
With that said, let’s discuss three crypto assets you could watch this weekend.
Top 3 cryptocurrencies to watch this weekend
Ethereum:
Ethereum (ETH) seems to be consolidating around $3100. The asset is up by 0.6% in the daily charts but is down 2.8% in the weekly charts, 7.6% in the 14-day charts, and 11.9% over the previous month.
Also Read: Top 3 Cryptocurrencies That Could Hit ATH Post Ethereum ETF
Many prominent analysts, including Bloomberg ETF analyst Eric Balchunas, have predicted that an Ethereum ETF could launch sometime in mid-July. An ETH ETF could trigger a substantial rally for the second-largest cryptocurrency. BTC hit a new all-time high earlier this year following the launch of the BTC ETFs. A similar pattern could emerge for ETH as well.
Shiba Inu:
Shiba Inu (SHIB) is an extremely popular memecoin that witnessed significant traction in March, following BTC’s rise to a new peak. SHIB’s price has since struggled to regain the same momentum. SHIB saw a decoupling from other altcoins yesterday and broke into a rally. The asset is still up by 5.5% over the previous week.
Also Read: Top 3 Cryptocurrencies To Watch This Week That Are Under $1
SHIB is an Ethereum-based cryptocurrency. If ETH breaks out into a rally, there is a possibility that other ETH-based assets will follow suit.
Solana:
Solana (SOL) is ETH’s closest rival, and there is a lot of talk about an SOL ETF after the ETH ETF. VanEck has already applied for an SOL ETF, which is currently pending approval. If approved, Solana may surge to new highs.