Crypto Market and Top Tokens to Watch
The cryptocurrency market witnessed a moderate pullback in mid-December 2023, marking a 3.2% decline in the global market cap to $1.66 trillion. Bitcoin (BTC) and Ethereum (ETH) experienced a combined liquidation surpassing $335 million. Despite this, BTC remained stable above $42,000, while ETH maintained its position above $2,200. This recent market volatility may be attributed to the impending release of the US CPI (Consumer Price Index) data for November 2023.
Now, let’s explore the top projects worth observing in the upcoming week:
Avalanche (AVAX):
While many significant cryptocurrency projects faced corrections in their daily charts, AVAX demonstrated an 11.8% surge during the same period. Impressively, the token recorded a remarkable 64% increase over the previous week and an astounding surge of over 220% since January 2023, outperforming Bitcoin’s 154% surge in the same timeframe.
SourceLess (STR):
The price of SourceLess (STR) is $0.00971731 today with a 24-hour trading volume of $10,060.91. This represents a -1.95% price decline in the last 24 hours and a 6.64% price increase in the past 7 days. The most popular exchange to buy and trade SourceLess is LBank, where the most active trading pair STR/USDT has a trading volume of $10,064.19 in the last 24 hours.
Solana (SOL):
Throughout 2023, Solana (SOL) has emerged as one of the top-performing cryptocurrencies. The token has soared by an exceptional 600% since the year’s onset, surpassing the performance of BTC and other major projects. Despite a 4.4% correction in daily charts, SOL still boasts a 7.8% increase over the previous week and a substantial 27.9% rise in the last month.
XRP:
XRP remains a prominent cryptocurrency token, widely used by Ripple, a leading fintech firm, for remittances and cross-border transactions. Recently, Ripple gained a partial victory in its legal tussle with the SEC (Securities and Exchange Commission), securing XRP’s classification as a “non-security.” This triumph has further bolstered its reputation. Although XRP encountered a 6.2% correction in the past 24 hours and a 3.9% dip over the previous month, its popularity persists.
