Top 5 Cryptocurrencies To Watch Out This Week For Potential Gains
Release: 2024/07/21 13:22 Reading: 267
Surge in Crypto Market as German Government Sells Bitcoin Holdings
Last week, the cryptocurrency market witnessed a significant increase as the German government divested its Bitcoin (BTC) reserves. This move resulted in a sharp rise in BTC prices, which gained further traction with the Bitcoin conference this week featuring prominent figures like former U.S. President Donald Trump. These positive developments have continued to bolster BTC and Ethereum (ETH) prices, positively impacting the overall cryptocurrency market.
Top 5 Cryptocurrencies to Watch This Week:
Render (RNDR)
- Render token has embarked on a positive rally, surging by 15% over the past week.
- Currently trading at $7.09 with a market cap of $2.78 billion, RNDR has found support at the $5.74 trendline and exhibits potential for further gains.
Avalanche (AVAX)
- Avalanche (AVAX) recently surged past the $25.77 resistance level and currently trades at $29.13.
- If AVAX breaches the next resistance level at $30.25, it could experience a significant price increase.
Dogecoin (DOGE)
- Dogecoin has formed a descending triangle pattern and is poised for a breakout from its current price of $0.1329.
- Keep an eye on DOGE this week for potential gains.
LayerZero (ZRO)
- LayerZero (ZRO) has broken out from the channel at $4.92 and has reached its current price of $5.24.
- The ZRO token has surged by 42% in the past week and may continue to trend upward this week.
zkSync (ZK)
- The zkSync (ZK) token has commenced a rally, showing a 27% gain in the past week.
- This upward momentum is expected to persist, making ZK a cryptocurrency to watch for potential gains this week.
Stay informed and monitor these cryptocurrencies, as they have the potential for strong performance in the coming days.
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