5 cryptocurrencies to keep an eye on today

The cryptocurrency market continues on an upward trend, with the total capitalization of crypto assets rising 1.8% this Wednesday (24).

Data from CoinGecko shows that around $35 billion was injected into the industry in the last 24 hours. As a result, the total capitalization of all cryptocurrencies is close to the $2.6 trillion mark today.

Below are five assets that traders and investors should keep an eye on throughout the day.

Bitcoin

Bitcoin has continued on an upward trend since it went through its fourth halving last Friday (19), despite not yet starting a strong bull run so far.

At the close of the article, BTC has defended the support of US$66,000 well, accumulating a weekly appreciation of 6%. As a result, its price is less than 10% away from reaching a new all-time high, something that would certainly drive a new bullish frenzy across the market.

On the other hand, suffering further drops below the support mentioned above could generate a price dump not only in the asset, but in several altcoins that have a strong correlation with BTC.

Solana

Solana draws attention not only for its daily appreciation, but for its weekly movement. This is because the price of its native token has risen more than 17% in the last seven days.

No cryptocurrency in the top 10 by market value has come close to this appreciation in this period.

SOL shows no signs of slowing down, having room for further jumps, as its price is still 40% below its historic high of US$260.

Hedera

Overall, Hedera leads the cryptocurrency market rally, with a valuation of more than 50% today. This upward trend has been observed throughout the week, with the altcoin’s price rising more than 70% in the period.

Although a correction is expected, due to the strong current appreciation, HBAR may eventually seek a new all-time high, which would indicate a new jump of 80% in relation to the current price.

Read more: 4 cryptocurrencies that could reach new highs in April

Bonk

Hot on the heels of HBAR comes BONK, which saw its price rise by more than 38% on the day. As a result, the altcoin reached a weekly appreciation of almost 100%.

The move is bullish not just for cryptocurrency holders, but memecoin enthusiasts in general, as BONK’s current trend could generate new interest across the industry.

Akash Network

Unlike the cryptocurrencies mentioned above, Akash Network operates in decline on the day. With a 10% devaluation, it lost part of the gains seen during the week, despite still accumulating an increase of 35% in the last seven days.

This movement draws attention, given that AKT was one of the cryptocurrencies that rose the most yesterday. Is the current drop just a passing correction or has the altcoin reversed its trend?