Weekend Watchlist: Top 3 Cryptocurrencies to Keep an Eye On

• Crypto Market Showing Promising Signs of Christmas Rally
• Top 3 Cryptocurrency Projects to Watch
• Solana (SOL)
• Avalanche (AVAX)
• Near Protocol (NEAR)

Crypto Market Showing Promising Signs of Christmas Rally

The global crypto market appears to be positioned for a bullish Christmas season as the market cap experiences a 2% surge within a single day, reaching the $1.74 trillion mark. Leading the pack, Bitcoin$42,260 -0.64% (BTC) barely falls short of the $44k milestone, with a weekly increase of 2.7%. The positive trends are expected to persist throughout the Christmas period and potentially extend into the new year. Here are the top 3 cryptocurrency projects to keep an eye on this weekend.

Top 3 Cryptocurrency Projects to Watch

Solana (SOL)

Presently, Solana$104 5.03% (SOL) is at the forefront as the best-performing cryptocurrency among the top 10 projects. Its value has skyrocketed over 880% since the onset of the year and seems set to surpass the $100 barrier. The token's future prospects seem bright with its ongoing progress, which is expected to propel it beyond $100 by Christmas and maintain its upward trajectory into the new year. Current metrics show a 16.1% daily increase, weekly growth of 31.2%, and an impressive 81% upturn over the past month. Despite the positive trend, SOL is still a considerable 62% below its record peak of $259.96, achieved in November 2021.

Avalanche (AVAX)

Avalanche (AVAX) has also been a top-performing crypto asset in 2023. The token's price has seen an impressive 340% increase since January, with a significant rally initiating in November following a period of stagnation for most of the year. Factors that could contribute to the latest surge include the recent unlocking of tokens and strategic partnerships with financial giants JPMorgan and Citi. Current statistics reveal a 6.3% increase in the past 24 hours, a 22.5% uptick over the past week, and an impressive 140% jump in the last month. If the current trend holds, AVAX could reach $50 by Christmas.

Near Protocol (NEAR)

The Near Protocol (NEAR) is another top-performing cryptocurrency at the moment. The token has reached a new annual high of $3.56, with a notable 24.6% surge in the last 24 hours. Additionally, the asset has seen a 57.9% rise over the last seven days and a significant 94% increase in the past week. Since the turn of the year, NEAR's price has seen an increase of over 180%.

Edited by Jonathan Stoker