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Top 3 Coins to Watch This Weekend
The fact that a large number of assets are trading in the green region on the daily charts suggests that the cryptocurrency market is gradually improving. Bitcoin is up 1% in the last day even though its price is still below $62,000.
As Q2 2024 comes to a close, we could see a shift in investor sentiment in the coming days. Let’s take a look at three cryptocurrencies to watch this weekend.
Top 3 cryptocurrencies to watch this weekend
ET:
According to a Reuters report, the US SEC may approve the launch of the highly anticipated ETH ETFs in early July. The financial watchdog also recently concluded its investigation into the project. Both developments could lead to a substantial price rally.
Read also: Cryptocurrency: 3 coins ready to give double returns in July
ETH has recovered 2.3% on the daily charts, but is still down nearly 11% from the previous month. The anticipation of the ETF launch could reverse the trend of the asset, making it a cryptocurrency worth keeping an eye on.
Avalanche (AVAX):
AVAX is currently the best performing cryptocurrency among the top 20 projects. The asset is up 10% in the last 24 hours.
Read also: Cryptocurrency: The 3 best coins under $1 to buy during the dip
CoinCodex suggests that AVAX’s rally will continue in July. The cryptocurrency is expected to surpass the $90 mark next month, reaching $94 on July 26.
Solana (SOL):
Solana also seems to be reversing the trend. Daily charts show a 7% increase in the cryptocurrency’s value, while weekly charts show an almost 9% increase. The rally is most likely a result of VanEck’s SOL ETF application.
Monetary code Researchers predict that SOL will continue to trade at current levels, with a recovery in mid-July.