Top Cryptocurrencies to Monitor This Week: Bitcoin, Ether, XRP, and More

This week, everyone is keeping an eye on two major events: the highly anticipated Black Friday sales and Bitcoin’s potential breakthrough to the $100,000 milestone. Bitcoin, the leading cryptocurrency, is currently so close to reaching this historic level that it’s generating a lot of excitement and speculation.

Many investors and enthusiasts are not only watching Bitcoin but also other significant cryptocurrencies that could see some big movements in the near future. Let’s take a closer look at some key digital assets that are worth keeping an eye on this week and the factors that might impact their performance.

Bitcoin, the pioneer of cryptocurrencies, is on the verge of hitting a significant milestone—$100,000. Just last week, it reached an all-time high of $99,645 before taking a slight step back. Currently, Bitcoin is trading around $98,000, maintaining its strong position despite the minor setback.

Crypto enthusiasts across the globe are eagerly anticipating Bitcoin’s potential breakthrough to the $100,000 mark, a milestone that would further solidify its position in financial history. The cryptocurrency has been showing impressive momentum, with a gain of over 8% in the past week and continuing on an upward trend.

Ether, the second-largest cryptocurrency by market capitalization, has also seen notable growth in recent days. This growth is partly driven by a significant interest in spot Ether exchange-traded funds (ETFs) among investors. On November 22, these ETFs saw a net inflow of $91 million, indicating a growing demand for exposure to Ether in the investment community.

Ether’s strong performance not only reflects confidence in the cryptocurrency market as a whole but also signals a rising interest in Ethereum’s ecosystem and its essential role in decentralized applications and smart contracts. At present, Ether is trading at $3,489, showing an impressive gain of over 13% in the past week.

XRP, the native token of the XRP Ledger used by the Ripple payment network for cross-border transactions, has also been making headlines. Trading platform Robinhood recently added XRP to its offerings, which is a positive development for the token’s accessibility and liquidity. This renewed interest from exchanges is expected to attract more investors and traders to XRP. Currently, XRP is trading at $7.3, with a gain of over 27% in the past week.

The Stellar network, well-known for its efficient and cost-effective blockchain solutions, has garnered trust from major financial institutions worldwide. Just this year, digital asset infrastructure leader Taurus, based in Switzerland, announced its integration with the Stellar network, expanding its presence in the asset tokenization market. Stellar (XLM) is currently trading at $0.50, showcasing an impressive gain of 116% in a week.

Ethereum, home to thousands of decentralized applications, sometimes faces issues due to high demand causing network congestion. To address this, the Polygon blockchain network operates alongside the Ethereum blockchain to enhance and scale Ethereum-based decentralized applications. In the past week, Polygon has gained nearly 42%, trading at $0.59.