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    Top 3 Coins to Watch – Week 43

    ByAndrew Turner

    The cryptocurrency market is booming as the prices of several top coins and tokens are still on the rise. The overall good market sentiment can partly be attributed to the fact that the first Bitcoin-linked exchange traded fund commenced trading on New York Stock Exchange on Tuesday, October 19. A day after that, Bitcoin, the first and largest crypto by market capitalization, set a new ATH price of $66,931. The second largest cryptocurrency, ETH, is also trading very close to its ATH price. Nevertheless, ETH failed to surge higher than $4,362, where it traded on May 12. It did, however, come very close to its ATH, as it traded just $2 below the abovementioned record valuation on October 21. You can imagine that two of the largest cryptocurrencies trading at or nearly at their respective ATH prices means that the total cryptocurrency market valuation was also at its ATH. The total cryptocurrency market valuation reached its new ATH valuation of $2.70 trillion on October 21. While the value has since dropped to $2.55 trillion at the end of Week 42, the cryptocurrency market is still hot and could surge higher anytime.

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    Top 3 Coins to Watch – Week 42

    ByAndrew Turner

    After another week of green numbers, the cryptocurrency market has climbed to a total valuation of $2.52 trillion. Most of the total market capitalization increase can be attributed to appreciation of the 3 largest cryptocurrencies – BTC, ETH and BNB, which gained 7%, 5% and 10% respectively last week. Bitcoin, which climbed as high as $62,500 during Week 41 is again in the centre of attention. However, the reason is not only its amazing price performance, but also the rumoured launch of a US Bitcoin futures-based ETF. We are very excited to see what Week 42 has to offer for the crypto investors and followers.

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    Top 3 Coins to Watch – Week 41

    ByAndrew Turner

    Last week Bitcoin broke the $55,000 resistance level and now seems to be headed to reclaim the $60,000 valuation. Along the way, Bitcoin’s total market capitalization also surpassed $1 trillion. Ethereum and many other altcoins largely followed the bullish trend, carrying the total market capitalization of the crypto sector above $2.3 trillion. Although we believe BTC and ETH are almost always a safe and sound investment, we went on the lookout for greater potential returns this week, which means that we had to venture in riskier and often also more speculative markets, such as meme tokens and blockchain gaming. However, be aware, that this article does not constitute financial advice and that you should always do your own research prior to investing.

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    Top 3 Coins to Watch – Week 40

    ByAndrew Turner

    Last week was marked by the China FUD – the fear, uncertainty and doubt that spread among crypto investors following the further crackdown on cryptocurrency transactions and trading by China’s central bank. While the total cryptocurrency market capitalization dropped by almost 5% to reach a low of $1.82 trillion in the day following the release of the news, cryptocurrencies and the blockchain technology once again proved that they cannot simply be banned. Although week 39 started with red numbers, at the end of the week the total market capitalization has already climbed to $2.18 trillion. It seems that China’s restrictive measures only led to further decentralization of the space as Chinese investors and traders simply switched to decentralized trading platforms that are not operated by centralized entities and do not implement know-your-customer (KYC) checks. It is therefore not surprising that this week’s selection consists of 3 DeFi protocols.

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    Top 3 Coins to Watch – Week 39

    ByAndrew Turner

    Week 38 was the last full week of Q3 2021, so it is time to take a quick look back on how the cryptocurrency market has performed this quarter. The total market capitalization at the beginning of the quarter was $1.4 trillion and it climbed up to above $1.9 trillion at the end of Week 38, which represents an almost 37% increase. While ETH and BTC led the rally in August, this changed in September, when altcoins, such as Polkadot, Avalanche, Solana, Fantom and Algorand, stepped into the limelight of the community’s attention. Non-fungible tokens (NFTs) representing digital art, collectibles, and in-game items were still very popular, and, for now, it does not look like the interest in these tokens is dying out. In fact, two of the three projects featured in this week’s Top Coins to Watch article are from the NFT sector. Although pushed a little bit more in the background of media attention, DeFi protocols are still evolving and expanding. The total value locked (TVL) in DeFi increased from below $70 billion to over $85 billion throughout Q3.

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    Top 3 Coins to Watch – Week 38

    ByAndrew Turner

    The total cryptocurrency market capitalization has again dropped by a few $100Bs and the crypto markets ended Week 37 with a total valuation of $2.15 trillion. Furthermore, as we approach the end of Q3 2021 the total crypto market valuation keeps on falling and it reached $1.95 trillion on September 20, the lowest total market capitalization in over a month. Nevertheless, there are a few cryptocurrencies that manage to defy the general downtrend and post green numbers even in such negative market conditions. We have hand-picked three such projects and their respective cryptocurrencies for this Week’s Top 3 Coins to Watch article.

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    Top 3 Coins to Watch – Week 37

    ByAndrew Turner

    Following the prolonged bullish trend that started in mid-July, which saw the total cryptocurrency market capitalization rapidly climb towards the previous peak valuation of $2.55 trillion reached in May 2021, last Tuesday’s flash crash left a considerable dent and put a halt on the upwards momentum. On the tailwind of the historical news of El Salvador being the first nation to officially adopt Bitcoin as a national currency on September 9, the price of Bitcoin reached a four-month high. It wasn’t for long, however, as the cascade of long position liquidations that occurred on the same day pushed the price of the world’s largest cryptocurrency below the $50,000 mark, and towards the $43,000 support level. Along with Bitcoin, the rest of the cryptocurrency market experienced heavy double-digit losses, which, in most cases, have yet to be recovered. As of now, Bitcoin’s dominance is at approximately 40% and continues to drop. The last time it was this low was in May of this year, and before that way back in June 2018. The market metrics show that altcoins are gaining ground. Solana personifies this trend. With more than a 300% monthly increase and over 100-fold YTD gains, the highly scalable decentralized blockchain has grown to become the 6th largest crypto by market cap. IOTA, which we’ve featured in our previous installment of Coins to Watch, scored a major win last week as the European Union decided to use IOTA’s technology to develop Europe’s blockchain infrastructure. With so much potential brewing in the blockchain sector, we went on the lookout to find the best projects.

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    Top 3 Coins to Watch – Week 36

    ByAndrew Turner

    The total cryptocurrency market capitalization is slowly climbing towards $2.4 trillion as we progress towards the end of Q3 2021. Week 35 has been all about smart contract blockchains since Ethereum (ETH), Solana (SOL), Polkadot (DOT) and even oracle provider ChainLink (LINK) all posted weekly gains of over 20%. Even though Bitcoin did climb up a few percent as well and is approaching a market cap of $1 billion, BTC dominance is still declining and will likely soon reach 40% if the downward trend continues. While it may not be enough to call it “altcoin season” just yet, the past month was, for sure, an “altcoin month”. It is therefore not surprising, that our Top 3 Coins to Watch article focuses on altcoins for the third week in a row.

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    Top 3 Coins to Watch – Week 35

    ByAndrew Turner

    Although the cryptocurrency market ended week 34 with roughly the same total market capitalization as it has started it several altcoins managed to post gains significantly above the sector’s average. Projects that posted high gains within past 7 days include Solana (SOL), Tezos (XTZ), Terra (LUNA), and Bitcoin Cash ABC (BCHA). Bitcoin and ETH, on the other hand, both lost a few percent. Since it seems that the altcoin is in full swing, we went on the lookout for new altcoins with rally potential in this week. Here is what we found out.