Top 3 Cryptocurrencies To Watch This Week

The cryptocurrency market is making another attempt at a recovery. Bitcoin (BTC) has climbed to the $86,000 mark. The global crypto market cap has risen to $2.95 trillion. Most assets in the top 100 projects by market cap are trading in the green zone on Monday morning.

Also Read: Ripple: XRP Price Prediction 1 Year From Now

Cryptocurrencies Rise As Tariffs Ease

The market resurgence could be due to the US wanting to ease tariffs. The crypto market took a plunge after the US announced tariffs against the European Union (EU). The US had also levied tariffs on Canada and Mexico. Market participants were most likely spooked by the move.

Also Read: How Much Bitcoin (BTC) Does North Korea Hold?

The Fed may also introduce an interest rate cut soon. A rate cut could lead to a rise in risky investments. The cryptocurrency market could see a rise in fund inflows under such conditions.

Top 3 Cryptocurrencies To Watch This Week

1. Ripple (XRP):

The SEC recently dropped its lawsuit against Ripple. The fintech company’s cryptocurrency, XRP, experienced quite a rally. There is also a possibility that XRP will get an ETF later this year. XRP could hit a new all-time high as a result of the ETF. The low price could be a good entry point for many investors.

2. Solana (SOL):

SOL is another cryptocurrency that has faced a substantial price correction over the last month. SOL hit an all-time high of $293.31 on Jan. 19. The asset’s price has fallen by nearly 53% from its January peak. SOL could experience a rally over the coming days.

3. Toncoin (TON):

Also Read: Shiba Inu: How Much Would $1,000 Turn Into If SHIB Reclaims All-Time High?

TON has experienced quite a rally after Telegram founder Pavel Durov was allowed to leave France for Dubai earlier this month. The cryptocurrency could continue its rally over the coming days.