The cryptocurrency market appears to be on the verge of one other bull run. After hitting 2-year highs, the market confronted a steep correction after inflation within the US elevated to three.2%. Merchants have been anxious that the Federal Reserve might push again its plans for charge cuts in 2024. Nevertheless, the Fed is on track to usher in three charge cuts by the top of this 12 months. The choice might have boosted investor confidence, main to a different surge out there.
With that stated, let’s have a look at three property to look at this weekend.
Prime 3 cryptocurrencies to look at this weekend
Bitcoin (BTC):
Bitcoin (BTC) is the market chief and will dictate the actions of most different cryptocurrencies within the foreseeable future. With BTC’s halving simply across the nook, we might witness a sudden surge within the asset’s worth over the subsequent few weeks. Some analysts have even projected a goal of over $100,000 after the upcoming halving.
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BTC is at the moment down by 9.9% from its all-time excessive of $73.7k, which it attained on Mar. 14, 2024. If BTC reclaims its all-time excessive, different property might show comparable strikes.
Toncoin (TON):
TON is likely one of the few property that’s inexperienced throughout the board. The token is up by 13.3% within the weekly charts, 56.8% within the 14-day charts, and greater than 97% over the earlier month.
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In line with CoinCodex, TON might proceed surging over the subsequent few days. The platform anticipates the cryptocurrency to hit $5 by Mar. 25, 2024.
Dogecoin (DOGE):
Dogecoin (DOGE) has rallied 7% within the final 24 hours and almost 90% over the earlier month. Nevertheless, the asset has confronted a slight correction within the weekly charts. DOGE’s newest rally could possibly be attributable to two developments. Firstly, it could possibly be attributable to BTC’s run to a brand new all-time excessive, and secondly, it could possibly be attributable to Elon Musk saying that Tesla will quickly settle for DOGE for its automobiles.