The cryptocurrency market seems to be consolidating right now. Bitcoin (BTC) continues to stand below $58,000, and the global crypto market cap has fallen 1.4% in the last 24 hours to $2.13 trillion.
The lackluster performance could be due to low investor sentiment and a selloff from investors who purchased Bitcoin (BTC) at its peak in March. Given that inflation in the US fell 2.5% in August, lower than expected, the market could rebound soon.
The Federal Reserve has also announced an interest rate cut beginning this month. Both developments could trigger a cryptocurrency market rally.
With that said, let’s discuss three crypto assets you could watch this weekend.
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Top 3 Cryptocurrencies To Watch This Weekend
1. XRP
Source – Coinpedia
Ripple’s XRP seems to be defying the current market trend. While Bitcoin (BTC) is down 0.2% in the daily charts, XRP has rallied by 6.1% in the same time frame. The cryptocurrency is also up by 4.6% in the weekly charts and 1.2% in the 14-day charts.
Source: CoinGecko
The sudden spike could be due to Grayscale’s first US XRP trust. The development could lead to XRP continuing its rally over the weekend.
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CoinCodex data shows that XRP could hit $0.60 on Sunday, Sept. 15, 2024.
Source: CoinCodex
2. Toncoin (TON)
Source – MakeUseOf
TON is another cryptocurrency that seems to be defying the trend. The asset is up by 2.3% in the daily charts, 14.4% in the weekly charts, and 2.1% in the 14-day charts. TON’s rally could be due to Telegram CEO and founder Pavel Durov speaking up earlier this month for the first time after arrest.
Source: CoinGecko
CoinCodex data shows the cryptocurrency will trade at $6.27 on Sunday, Sept. 15, 2024.
Source: CoinCodex
3. Avalanche (AVAX)
AVAX is the third cryptocurrency on our list. AVAX is also defying the market, rallying 1.3% in the daily charts, 10.6% in the weekly charts, 3.1% in the 14-day charts, and 11.4% over the previous month.
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Source: CoinGecko
CoinCodex analysts anticipate AVAX to hit $25.06 on Sunday, Sept. 15, 2024.
Source: CoinCodex
