Top Five Cryptocurrecies to Watch This Week (Mar 6)
There is a mix of top gainers and losers among the top five cryptocurrencies to watch this week. Nonetheless, let’s discuss their chances and potential outcomes over the next six days.
Let’s review how they did over the previous seven days before getting into them. It is noteworthy to observe that the majority of assets, including the global market cap, are down and there were many bearish activities.
The value of the cryptocurrency market cap peaked at $1.08T and began the week at $1.07T. As the week progressed, it fell to a low of $1.01 before recovering just a little. It ended the session at $1.02; depicting no significant increase and losses of almost 5%.
With regards to fundamentals, there were none that could affect prices. However, so many announcements made the rounds.
For example, the renowned non-fungible token (NFT) company Yuga Labs announced on Tuesday that it intended to launch the TwelveFold NFT collection on the Bitcoin blockchain.
In other news, despite large unrealized losses, Australian SMSF pensioners are undaunted by the bear market and are still investing in cryptocurrencies.
A look at the global cryptocurrency market cap says that prices are fairly stable. Let’s see how some assets will perform.