Top 5 Weekly Crypto to Keep an Eye On: XRP, ADA, MATIC, $ROE, and SOL
Despite the crypto market currently experiencing a consolidation phase, a keen eye should be given to these cryptocurrencies as they continue to stand out:
1. BorroeFinance ($ROE)
With BorroeFinance ($ROE) emerging as a significant player in the Web3 space thanks to its quest to revamp revenue financing, this cryptocurrency is triggering notable buzz, making it a top crypto to buy.
With more than 154 million $ROE tokens already sold at the presale stage, investors are continuously joining the BorroeFinance network because it’s deemed a Web3 catalyst.
By enabling Web3 participants to collateralize their future incomes in the form of non-fungible tokens (NFTs), businesses and content creators in this sector are able to get immediate cash to fund their projects, showcasing that BorroeFinance is one of the altcoins to watch.
$ROE is the network’s native token, and serves as the gateway to the BorroeFinance ecosystem, enabling users to enjoy premium features like advanced analytics.
Since BorroeFinance is powered by the Polygon blockchain, the NFT marketplace bridges the short-term capital gap in Web3, and this inventiveness is enabling the network to be one of the top crypto coins.
2. XRP
As one of the top 5 cryptocurrencies, XRP continues to make waves after it was deemed not a security in a lawsuit where the United States Securities and Exchange Commission (SEC) had sued Ripple.
Even though the XRP/USDT has not witnessed significant price action, some pundits believe that this trading pair could be instrumental in the present bull market.
Source:TradingView
With the Moving Average Convergence/Divergence (MACD) indicator being bullish, XRP is destined for greater heights, making it a good crypto to buy.
Therefore, these factors make XRP one of the top 5 weekly cryptos, with major support and resistance zones being at $0.55 and $0.75, respectively.
3. Cardano (ADA)
Cardano continues to be characterized by a strong community, with investors backing it as one of the Ethereum killers.
ADA was up by 1.8% in the past week to hit $0.37 at the time of writing, according to CoinGecko data.
With the Cardano network evolving and thriving, the ecosystem has shown its commitment towards full decentralization through its on-chain governance structure.
This commitment can be shown through the Cardano Ballot event. Therefore, ADA is one of the promising networks, making it one of the top altcoins.
4. Solana (SOL)
After recently hitting highs of $63.00, Solana continues to attract institutional investors.
The seventh largest cryptocurrency has been enjoying heightened discussion rates, as revealed by leading on-chain metrics provider Santiment.
As one of the best altcoins, the SOL/USDT pair has experienced gains of more than 160% in the past month.
Source:TradingView
Based on the Elliott Wave theory, analyst Bluntz believes a bullish picture is being painted in the Solana network. This is because Bluntz expects SOL to hit $70.00 before surging further to $82.50.
5. Polygon (MATIC)
With Polygon experiencing a bullish divergence, there is a high chance of MATIC recording an uptick.
A bullish divergence usually depicts a reversal based on an increase in buying momentum in spite of the price hitting new lows.
Polygon was trading at $0.76 at the time of writing, with the MACD trend being bullish.
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