Top 3 Cryptocurrencies To Watch This Week
The cryptocurrency market has lost considerable steam over the last few months. The markets have failed to move despite bullish developments in the US. Bitcoin (BTC) fell below $99,000 early on Monday, Jan. 27, 2025.
Also Read: Cardano (ADA) & Dogecoin (DOGE) Price Prediction For Early February 2025
Cryptocurrency Market Faces Major Correction
The crypto industry had a string of positive developments over the last few weeks. US President Donald Trump signed an executive order to establish a digital asset stockpile. Trump has also set up a crypto task force to set up a clear digital asset framework. Despite the bullish developments, the cryptocurrency market has failed to generate steam.
The current cryptocurrency market dip is likely due to larger macroeconomic trends. The US dollar is strengthening and investors are moving to safer assets. Inflation in the US rose to 2.7%. The Federal Reserve took a hawkish stance with its monetary policy to combat rising inflation.
Also Read: What is a Liquidity Pool?
Top 3 Cryptocurrencies To Watch This Week
1. Ripple (XRP)
Ripple’s XRP token had quite a strong phase recently. The cryptocurrency hit $3 for the first time in seven years. XRP has dipped below $3 in the latest market dip. It could prove to be a good time to buy the asset as it could rise in price over the next few months.
2. Solana (SOL)
SOL is another cryptocurrency that could rise over the next few months. The SOL network has witnessed incredible growth over the last year. The number of projects built on the SOL network is only expected to increase.
Also Read: Shiba Inu Has Bullish Signal Emerge: 18% Rally Ahead for SHIB?
3. Official Trump (TRUMP)
US President Donald Trump launched his official cryptocurrency, TRUMP, earlier this month. The asset has faced a steep correction recently but could pick up steam once the market gains traction.
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Solana Ends Week Up 6% as SOL ETF Takes Major Step Forward
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Top 3 Cryptocurrencies To Watch This Week
The cryptocurrency market has lost considerable steam over the last few months. The markets have failed to move despite bullish developments in the US. Bitcoin (BTC) fell below $99,000 early on Monday, Jan. 27, 2025.
Also Read: Cardano (ADA) & Dogecoin (DOGE) Price Prediction For Early February 2025
Cryptocurrency Market Faces Major Correction
The crypto industry had a string of positive developments over the last few weeks. US President Donald Trump signed an executive order to establish a digital asset stockpile. Trump has also set up a crypto task force to set up a clear digital asset framework. Despite the bullish developments, the cryptocurrency market has failed to generate steam.
The current cryptocurrency market dip is likely due to larger macroeconomic trends. The US dollar is strengthening and investors are moving to safer assets. Inflation in the US rose to 2.7%. The Federal Reserve took a hawkish stance with its monetary policy to combat rising inflation.
Also Read: What is a Liquidity Pool?
Top 3 Cryptocurrencies To Watch This Week
1. Ripple (XRP)
Ripple’s XRP token had quite a strong phase recently. The cryptocurrency hit $3 for the first time in seven years. XRP has dipped below $3 in the latest market dip. It could prove to be a good time to buy the asset as it could rise in price over the next few months.
2. Solana (SOL)
SOL is another cryptocurrency that could rise over the next few months. The SOL network has witnessed incredible growth over the last year. The number of projects built on the SOL network is only expected to increase.
Also Read: Shiba Inu Has Bullish Signal Emerge: 18% Rally Ahead for SHIB?
3. Official Trump (TRUMP)
US President Donald Trump launched his official cryptocurrency, TRUMP, earlier this month. The asset has faced a steep correction recently but could pick up steam once the market gains traction.
Read More
Solana Ends Week Up 6% as SOL ETF Takes Major Step Forward