The cryptocurrency market seems to be stabilizing for now, with Bitcoin (BTC) remaining below $58,000 and the global crypto market capitalization falling 1.4% in the past 24 hours to $2.13 trillion.
The poor performance could be attributed to weak investor sentiment and selling by investors who bought Bitcoin (BTC) at the peak in March. The market could recover soon, given that U.S. inflation fell by a weaker-than-expected 2.5% in August.
The Federal Reserve also announced that it will cut interest rates starting this month, two moves that could spark a surge in the cryptocurrency market.
So, let’s discuss three crypto assets to watch this weekend.
Top 3 cryptocurrencies to watch this weekend
1. Ripple
Ripple Ripple It appears to be bucking the current market trend: Bitcoin (BTC) is down 0.2% on the daily chart, while XRP is up 6.1% over the same period. The cryptocurrency is also up 4.6% on the weekly chart and 1.2% on the 14-day chart.
The surge could be due to Grayscale’s first XRP trust in the U.S. This development could allow XRP to continue to rise over the weekend.
According to data from CoinCodex, XRP could hit $0.60 on Sunday, September 15, 2024.
2. Toncoin (TON)
Ton TON is another cryptocurrency that appears to be bucking the trend. The asset is up 2.3% on the daily chart, 14.4% on the weekly chart, and 2.1% on the 14-day chart. TON’s rise may be due to Telegram CEO and founder Pavel Durov speaking out earlier this month for the first time since his arrest.
According to data from CoinCodex, the cryptocurrency is expected to trade at $6.27 on Sunday, September 15, 2024.
3. Avalanche (AVAX)
Abacs is the third cryptocurrency on our list. AVAX has also bucked the market, rising 1.3% on the daily chart, 10.6% on the weekly chart, 3.1% on the 14-day chart, and 11.4% month-on-month.
Analysts at CoinCodex expect AVAX to reach $25.06 on Sunday, September 15, 2024.
