The cryptocurrency market entered a certain horizontal trend after experiencing a downward wave accompanied by the LUNA and UST crisis and has been continuing 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 cryptocurrency is the locomotive of the industry, it would not be wrong to say that it is impossible not to follow it at some point. As of writing, Bitcoin , which is traded at around $ 29 thousand, has been hovering between $ 28 thousand and $ 31 thousand for a long time, and the data confirms that whale purchases at these levels are intensified. 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 overall market. Also, in previous bullish periods, major altcoins exhibited similar movements to Ether.
3 – Phantom (FTM)
Phantom has been scrutinized by investors recently and has achieved a volume increase in this context. You may want to follow the crypto asset, which has increased by approximately 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 – in short, LRC – has been using its social networks very successfully lately and has been using its social networks seriously. an increase is noticeable. LRC was on the rise with the news of GameStop launching its own wallet on Loopring L2.
5 – Tron (TRX)
After the recent LUNA crisis, Tron founder Justin Sun said it might be their turn. He shared a tweet saying, and this was also reflected in the price. 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.
