The cryptocurrency market entered a certain horizontal trend after experiencing a downward wave accompanied by the LUNA and UST crisis and has been continuing in this way for a while. In this respect, when compared to traditional markets, its volatility seems to have decreased. So what are the 5 cryptocurrencies to follow this week in such a market?
5 Cryptocurrencies to Watch This Week: Should A Rise be Expected?
1 – Bitcoin (BTC)
Since the leading crypto money is the locomotive of the industry, it would not be wrong to say that it is impossible not to follow it at some point. Bitcoin, which is traded at around $ 29 thousand as of the writing, has been hovering between $ 28 thousand and $ 31 thousand for a long time, and the data confirms that whale purchases are intensified at these levels. Finally, according to a technical analyst named Jindal, BTC must surpass the $31,300 resistance level to start a decent uptrend.
2 – Ethereum (ETH)
As the pioneer of altcoins, Ethereum still remains one of the determining factors for the market at this point. Future movements in the leading altcoin in the coming days may affect the market in general. In addition, in previous bullish periods, major altcoins exhibited similar movements to Ether.
3 – Phantom (FTM)
Phantom has recently been under the spotlight by investors and has achieved a volume increase in this context. You may want to follow the crypto asset, which has increased by about 17% in the last week, due to its movements this week. As the first crypto-asset based on the CryptoNode algorithm, it has its own ecosystem.
4 – Loopring (LRC)
Loopring – short for LRC – which is loved and followed by domestic investors, has been using its social networks very successfully lately and a significant increase in its communities has been observed. LRC was on the rise with the news of GameStop launching its own wallet on Loopring L2.
5 – Tron (TRX)
After the LUNA crisis in the past days, Tron founder Justin Sun shared a tweet saying that they might be next, and this situation also affects the price. was reflected. However, with the cessation of these events, Tron, which has increased by 17% in the last week, seems to be another crypto currency worth following this week.
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