Analysis

4 Top Altcoins To Watch This Weekend: Crypto Watch

Altcoin Ethereum, despite a recent 4% dip, remains stable above $2,500 and shows bullish potential.

Jim Haastrup

Key Insights

  • Altcoin Ethereum, despite a recent 4% dip, remains stable above $2,500 and shows bullish potential.
  • Ethereum Name Service Token (ENS) surged 163% in a month and ranked as the best performer last week.
  • SUI emerged as a top gainer across timeframes with 45% weekly and 13.3% daily increases.
  • SEI, up 185% on the monthly chart, is consolidating above $0.5 and poised for further gains.
  • Celestia, consistently bullish, shows strong price prospects with 5.3% daily, 14% weekly, and 45% monthly increases.

This week witnessed the birth of several Bitcoin ETFs, paving the way for a new kind of financial investment.

The new ETFs have been received with open arms so far, with Bitcoin nearly hitting $48,000 at one point. However, the issue with the ETF market is that it remains closed for the weekend, and trading is expected to return on Monday.

This means that investors have only one obvious place to put their investments in—the altcoins.

In this article, we will be going over some of the best altcoins to consider looking into today and over the rest of the weekend.

Ethereum

Ethereum, being the largest altcoin by market cap, is the most obvious alternative to Bitcoin.

Ethereum developed a kind of inverse correlation with Bitcoin this week, in the initial dip that came with the ETF approvals.

While Bitcoin declined by around 1%, Ethereum rallied by up to 7% to about $2,700.

Ethereum's price | Source: CoinMarketCap

Ethereum has turned out to be an active partaker in Bitcoin's dip over the last day and is down by about 4% from an intra-day perspective.

However, the silver lining is that the cryptocurrency is still up by about 13% from a weekly perspective, and appears to be holding the $2,500 line pretty well.

Ethereum's price chart

This indicates that the Ethereum bulls have successfully converted $2,500 into support, and presents a bullish case for ETH.

Ethereum Name Service Token (ENS)

Only last week, Ethereum co-founder, Vitalik Buterin publicly endorsed the ENS token.

Buterin endorses ENS

ENS has been soaring strongly ever since and has gone up by 163% over the last month alone, according to CoinMarketCap.

ENS' rankings

CoinMarketCap also ranks this cryptocurrency as the best-performing cryptocurrency over the last week, making it worthy of this list.

SUI

Starting from the fact that Sui is currently the 4th top trending cryptocurrency on Santiment's social trend, SUI has established itself as one of the biggest gainers on all timeframes.

SUI is trending

SUI is also the third largest gainer over the last week, according to CoinMarketCap, as shown below.

SUI's rankings

CoinMarketCap data also shows that the cryptocurrency is up by a whopping 45% over the last week, and by 13.3% over the last day.

This establishes Sui as one of the top gainers over multiple timeframes and makes it absolutely worth looking into this weekend.

Altcoin: SEI

SEI is one of the best performers over the last week and the last month, according to CoinMarketCap.

SEI's price

It is currently up by about 185% over the last month, and appears to be doing very well for itself above the $0.5 support, as shown below:

SEI's price chart

SEI is consolidating above $0.5 and could be poised to travel further upwards this weekend and beyond, with only a small amount of momentum.

Celestia

Celestia has been one of the most consistently bullish cryptocurrencies in the crypto market, for a long time.

One look at Celestia's price chart, and one already knows what it has in store for the future.

Celestia's price action

According to CoinMarketCap, Celestia is up by around 5.3% over the last day, by 14% over the last week, and by 45% over the last month.

Celestia's price performance

This shows strong price prospects for the cryptocurrency, as well as a possibility of strong bullishness this week and beyond.

Disclaimer: Voice of Crypto aims to deliver accurate and up-to-date information, but it will not be responsible for any missing facts or inaccurate information. Cryptocurrencies are highly volatile financial assets, so research and make your own financial decisions.