The cryptocurrency market was lackluster at the beginning of the week and continued to trend sideways through the middle of the week. However, there are cryptocurrencies that have a lot of fun and can be profitable over the weekend. Here are the top big cryptocurrencies to watch today that could do well in a week.
Bitcoin (BTC)
Bitcoin (BTC) has not had a good week so far. In particular, news of high inflation is flying from all major economies. However, news from Iran could help push the top crypto within a week.The news shows the country has imported its first batch of goods in crypto. This is a big deal as it is a validation of Bitcoin as a means of payment. This could lead to some FOMO around Bitcoin, especially as Bitcoin continues to perform strongly above $20,000.
Ethereum (ETH)
Ethereum (ETH) is one of the cryptocurrencies that can make big moves in a week. This has a lot to do with news about a possible fork ahead of the Ethereum merger. If such a thing happens, investors may be rushing to buy Ethereum in hopes of getting free coins after the merger. There are many expectations that it could go up. This is due to many expectations about Ethereum’s scaling issues and a reduction in Ethereum’s overall gas prices. All of this, combined with the resilience of the Ethereum price over the past few days, could lead to record gains for Ethereum throughout his week.
Axie Infinity (AXS)
Axie Infinity (AXS) completes a list of top cryptocurrencies that could do well in a week. This is because AXS is currently trading 90% lower from its recent high. However, prices are improving, and most investors have seen price improvement recently. According to the data, only 22% of all his AXS investors are currently losing money. As more investors turn profitable, AXS may see his FOMO and turn profitable that week.