The crypto market is currently bullish, with growing anticipation around when bitcoin will surpass the $70,000 mark. And coming tech earnings reports could further boost the overall market sentiment.
Let’s take a closer look at the cryptocurrencies that are poised to make significant moves this week.
Dogecoin, which is among the most popular memecoins, is soaring these days. Although there are no recent developments or announcements related to the Dogecoin ecosystem, the growing interest in memecoins may have pushed the cryptocurrency upward.
Currently, Dogecoin is trading at $0.14, a 27% growth in a week.
Solana (SOL) is one of the fastest-growing major cryptocurrencies. A key competitor to Ethereum, the Solana blockchain has emerged as a strong contender for hosting hundreds of decentralized applications (dApps). The number of daily active users and new addresses on Solana has increased over the past week.
Solana is currently trading at $165, an 8% increase since last week.
ApeCoin is the native token designed to govern and enhance the APE ecosystem, which originated from the success of the Bored Ape Yacht Club (BAYC). BAYC is one of the most prominent and influential NFT collections, featuring 10,000 unique, hand-drawn images of cartoon apes.
ApeCoin gives holders voting rights on key decisions within the ecosystem, fostering a decentralized approach. In the past few days, ApeCoin has surged due to the launch of ApeChain, the project’s blockchain.
ApeCoin is trading at $1.59, a 110% growth since last week.
Bitcoin Cash (BCH) was created in 2017 after the bitcoin “hard fork,” a term for what happens when the community makes major changes to the blockchain network and alters the rules.
The resulting Bitcoin Cash featured faster transaction speeds. With its history tied to bitcoin, Bitcoin Cash’s price often fluctuates with that of the top cryptocurrency.
As bitcoin nears the $70,000 mark, Bitcoin Cash is also surging. With over 11% growth in the past week, Bitcoin Cash is currently trading at $368.
Founded in 2021, Jupiter is a decentralized cryptocurrency exchange platform built on the Solana blockchain that serves as a bridge for asset transfers to Solana. Recently, Jupiter announced a staking rewards program for its active users — users who participate in staking will receive token rewards.
Staking involves locking up digital assets in a contract to support the blockchain’s network by validating transactions. In return, users earn additional tokens as rewards as they contribute to the security and functionality of the blockchain.
Currently, Jupiter is trading at $0.96 with over a 15% jump in a week.
