Date: Sun, July 21, 2024, 04:31 AM GMT
Last week, the cryptocurrency market experienced a notable surge as the German government sold off all of its Bitcoin (BTC) holdings, causing BTC prices to rise sharply. Adding to the momentum, the Bitcoin conference this week features influential speakers, including former U.S. President Donald Trump. These positive developments have driven continued increases in BTC and Ethereum (ETH) prices, positively impacting the entire cryptocurrency market.
Here are the top 5 cryptocurrencies to watch out for this week:
1. Render (RNDR)
Render token has been on a positive rally, surging by 15% in the last 7 days. Currently trading at $7.09 with a market cap of $2.78 billion, RNDR has taken support from the $5.74 trendline and is poised for potential gains.
2. Avalanche (AVAX)
Avalanche (AVAX) recently broke out at $25.77 and is currently trading at $29.13. If AVAX crosses the next resistance level of $30.25, we could see a significant surge in its price.
3. Dogecoin (DOGE)
Dogecoin has formed a descending triangle pattern and is almost ready for a major breakout from its current price of $0.1329. Keep an eye on DOGE this week for potential gains.
4. LayerZero (ZRO)
LayerZero (ZRO) broke 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 last 7 days and could record more gains this week.
5. zkSync (ZK)
The zkSync (ZK) token rally has started, showing a 27% gain in the last 7 days. This upward momentum is expected to continue, making ZK a cryptocurrency to watch for potential gains this week.
Stay tuned and keep an eye on these cryptocurrencies as they have the potential to perform well in the coming days. Happy trading!
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are highly volatile and carry significant risk. Always conduct your own research and consult with a professional financial advisor before making any investment decisions.