With the crypto market turning green, these are the top five weekly cryptos:
1. Bitcoin (BTC)
After continuously ranging between the $26,000 and $27,000 zone for a while, Bitcoin (BTC) found the right footing after briefly touching $29K, and this heightened momentum has reignited the fire for the leading cryptocurrency surging to the psychological price of $30K.
Therefore, these positive sentiments are making a strong case for BTC being one of the best cryptos to invest in based on its long-term positive outlook, with pundits speculating that the approval of spot Bitcoin ETFs will be a game-changer.
For instance, CryptoQuant, a leading blockchain analytics company, has predicted that spot Bitcoin ETFs will pump a whopping $1 trillion into the crypto market, with BTC becoming an asset worth $900B.
2. $ROE
Given that investor sentiment toward BorroeFinance is significantly bullish, the crypto is emerging as one of the altcoins to watch this week.
Based on BorroeFinance’s quest to reignite the Web3 fire, the AI-powered platform deploys non-fungible tokens (NFTs) for a seamless financing process.
As a result, BorroeFinance is lowering the barrier to entry in Web3 by ensuring that participants access instant cash by using their future earnings as collateral on its peer-to-peer ecosystem.
Therefore, this is making $ROE, the governance token on the BorroeFinance network, one of the best altcoins to buy.
$ROE is emerging as one of the top crypto coins this week because more than $1.25 million has been raised at the presale stage, given that more investors are jumping on the BorroeFinance bandwagon.
3. LOOM
Thanks to LOOM’s surging interest in the decentralized applications (dApps) space and integration advancements, the network is emerging as a top crypto to buy.
Heightened investor interest has seen LOOM skyrocket by 281.5% in the past month, according to CoinGecko data.
Therefore, increased buying pressure is making LOOM one of the top weekly cryptos as the network continues with strategic partnership.
For instance, the recent acquisition of LOOM by Atlassian, a leading team collaboration software player, for $975 million increased investor confidence about the crypto’s future.
4. OKB
With OKB, the native token of crypto exchange OKX, experiencing a record-breaking burn rate, the coin is emerging as one of the top weekly cryptocurrencies.
Given that OKX recently undertook the 21st burn round where nearly 6.14 million OKB tokens, worth approximately $255M were burned, this move is bullish based on heightened scarcity in the network.
Notably, increased burn rate triggers reduced market supply, and this presents a bullish long-term outlook for OKB.
OKB was up by 3.9% in the past week to hit $44.57 at the time of writing, according to CoinGecko.
5. BSV
After being engulfed in a consolidated range, Bitcoin SV (BSV) has attained the much-needed upward momentum, given that the crypto was up by 22.1% in the past week, according to CoinGecko.
The uptick in Bitcoin’s price has been positive for BSV, making it one of the top weekly cryptos.
With BSV sitting above a significant support level above $39, the crypto continues to maintain a bullish momentum required to push it further upwards.
BSV was trading at $40.15 at the time of writing, according to CoinGecko data.
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