The cryptocurrency market is moving full steam ahead. Bitcoin (BTC) hit a new all-time high of $99,261.30 earlier today. The global crypto market cap has also risen by 4.6% in the last 24 hours to $3.43 trillion.
BTC has hit multiple all-time highs after Donald Trump emerged as the victor in the 2024 US Presidential election. The latest rally could be due to talks about Trump electing a “crypto czar.” It is unclear who would take up the position. There is speculation that former Commodity Futures Trading Commission (CFTC) head Chris Giancarlo, who served during Trump’s first term, is a likely candidate.
That said, let’s look at three crypto assets that you should watch over this weekend.
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Top 3 Cryptocurrencies To Watch This Weekend
1. Solana (SOL)
SOL follows BTC’s upward trajectory. The asset hit an all-time high of $262.85 earlier today. SOL was also among the best-performing cryptocurrencies of 2023. The asset could continue its rally over the next few weeks.
The SOL network has witnessed incredible growth over the last year. Many anticipate it eventually overtaking the Ethereum network as the largest blockchain for hosting crypto projects.
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2. Ripple’s XRP
Last week, XRP breached the $1 mark for the first time since November 2021. The cryptocurrency had a rough few years but has made quite a recovery of late.
XRP could continue its rally over the next few days if Bitcoin (BTC) maintains its momentum. The cryptocurrency is down by 59.3% from its all-time high of $3.40. While BTC and SOL have hit new peaks, XRP could take a while longer to reclaim its all-time high price level.
3. Dogecoin (DOGE)
DOGE is another cryptocurrency that has heavily benefitted from Donald Trump winning the US Presidential election. Elon Musk is one of Trump’s biggest endorsers and is also a big DOGE fan. Musk proposed the establishment of a Department Of Government Efficiency (D.O.G.E.) under Trump’s leadership, which the President-elect has agreed to.
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DOGE is one cryptocurrency every investor should watch over the next few weeks.
