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Top cryptocurrencies expected to rally this week

The cryptocurrency market began the week with little momentum and is still trending sideways in mid-week. There are some cryptos that offer a lot of potential and could see gains towards the end. Here are some of the most important cryptocurrencies to watch today. Bitcoin (BTC) Bitcoin has had a rough week, particularly with all…

The cryptocurrency market began the week with little momentum and is still trending sideways in mid-week. There are some cryptos that offer a lot of potential and could see gains towards the end. Here are some of the most important cryptocurrencies to watch today.

Bitcoin (BTC)

Bitcoin has had a rough week, particularly with all the news about high inflation from all major economies. The news from Iran could boost the crypto’s top spot within the next week. According to the news, Iran has now imported its first crypto-related goods. This is significant because it validates Bitcoin as a payment method. This is likely to create FOMO around Bitcoin, especially now that Bitcoin is holding strong above $20k.

Ethereum (ETH)

Ethereum is one of many cryptocurrencies that has the potential to make huge moves during the week. This is due to news about an upcoming fork in the Ethereum merger. Investors could rush to buy Ethereum to get free coins after the merger, if this happens. There is also a lot of expectation that Ethereum’s value will rise after the merger. It comes with high expectations about a reduction of Ethereum scaling issues as well as overall Ethereum gas fees. This, combined with Ethereum price resilience over the last few days could lead to ETH record gains throughout this week.

Axie Infinity [AXS )

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Axie Infinity is the final list of top cryptocurrencies that could perform well over the next week. AXS currently trades at a 90% low, which is a significant drop from its previous highs. The price is rising and many investors have noticed an increase in the price. Only 22% investors in AXS are currently at a loss, according to data. AXS could experience FOMO as more investors become profitable. AXS could even turn profitable within the week.

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