- March 8, 2022
- Posted by: admin
- Category: Best Crypto
There have been wild price fluctuations in the digital currency ecosystem this week. In the seven days preceding this weekend, the global crypto market capitalization fell to $1.71 trillion.
As a result of the current market volatility, digital assets are reaching new highs, with the market capitalization crossing the legendary $2 trillion before the weekend correction set in.
Digital currencies have been losing ground over the last week. With most markets have recovered from the bear depression, price retests will be ambitious in the upcoming week. Those three coins are the ones to watch as they unravel with their own fundamentals this week.
Bitcoin (BTC)
The price of BTC hit a high of $45,077.58 this week after hitting a low of $37,268.98 last week. Cryptocurrency prices are currently trading at $39,024.00. On-chain data, however, indicates many Bitcoin whales do not intend to sell, and many more are likely to accumulate in the near future.
The performance of cryptocurrencies is assessed based on bitcoin’s performance, which is the industry’s benchmark. If these ambitious buy-ups occur during this week, BTC’s previous weekly high of nearly $45,000 will be surpassed.
Litecoin (LTC)
There are many currencies available today that can be used as digital currencies, such as Litecoin. To ensure Litecoin remains a coin for fast payments, it has a strong community and investor base. Even though LTC is trading at 74% below its All-Time High (ATH) of $412.96, investors view it as an asset that can manage extreme volatility. This recognition could cause the coin’s price to rise from its current price of $103.57 in the coming week.
Polkadot (DOT)
With its innovative blockchain protocol, Polkadot is currently developing a wide range of ecosystem activities. If you are hoping to pitch tents with an established digital currency, Polkadot is currently selling for $17.10, which is a discount. DOT tokens can see increased demand this week and in the weeks ahead, thanks to Polkadot and the host of para chain protocol-hosted systems.