The altcoin market is showing a largely unexpected level of optimism this week. Interest rates are rising in Europe and many of the major economies are on the verge of recession. If the current momentum continues, investors seeking profits in increasingly volatile markets are likely to turn to the cryptocurrency market. One of the developments that will trigger this is the week of Ethereum merge and rise.
3 altcoins to watch in Ethereum merge week
With the news around the rise, it may be the right time to start looking at altcoins. These will likely rally the most if the current momentum continues next week. If you’re not sure which one to pick when all is green, here are the top cryptocurrencies to consider next week. Analyst Motiur Rahman selects XRP, SOL and RVN tokens for the Ethereum merge week.
XRP
The first of the cryptos with the potential to become parabolic in the next few weeks is XRP (XRP). This is because on September 19, Ripple and the SEC will go public with the information they have about the case. In short, the public will have a sense of who has the potential to win the case between the two.
However, if things turn out in Ripple’s favour, it could cause FOMO around XRP. Because this is the main reason why the price of XRP has outstripped the rest of the market since 2020. Add to this the fact that this will likely happen when the market is in the middle of an Ethereum-focused rally. It’s not hard to see why XRP’s short-term prospects are so good.
Left (LEFT)
Like other top cryptos, Solana (SOL) has taken a hit in recent weeks. Solana has dealt with challenges fairly, including attacks that have shaken users’ trust in the network. However, things are looking for Solana as the number of transactions continues to increase.
For example, Solana recently completed 96 million transactions at an average speed of 3,044 TPS. This is an indication that Solana is still one of the most popular networks despite everything she’s been through. This will also attract investors, especially as Solana is trading at record lows compared to its prices at the end of 2021.
RavenCoin (RVN)
RavenCoin (RVN) is another 100 cryptocurrencies that every profit-seeking investor should consider next week. This is because it is one of the cryptocurrencies that is expected to benefit greatly from an influx of miners after the Ethereum merger.
If the performance of other cryptocurrencies to gain miners is to continue, RavenCoin will be successful next week. As you follow on Kriptokoin.com, the Ethereum merge will take place between 12 and 19 September. That means RavenCoin could easily double or triple in value over the next few weeks.
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