{"id":515436,"date":"2023-01-09T10:40:26","date_gmt":"2023-01-09T15:40:26","guid":{"rendered":"https:\/\/wncen.com\/?p=515436"},"modified":"2023-03-08T07:26:33","modified_gmt":"2023-03-08T07:26:33","slug":"top-5-crypto-to-watch","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/top-5-crypto-to-watch\/","title":{"rendered":"Top 5 Crypto To Watch As CPI Data Is Released This Week"},"content":{"rendered":"

The crypto market has been very bullish in the past week as the turn of the year sparked positive investor sentiment for the industry, especially to our top 5 crypto to watch this week.<\/span><\/p>\n

Since January 1st, the <\/span>total market cap<\/span><\/a> of crypto rose by 8.25% which shows a complete reversal of investor sentiment on the market.\u00a0<\/span><\/p>\n

As market optimism <\/span>grows<\/span><\/a> for an economic soft landing, crypto is poised for a recovery after a year of complete disaster. <\/span><\/p>\n

The market was devastated after multiple <\/span>high-profile collapses<\/span><\/a>, leaving investors as the <\/span>biggest losers<\/span><\/a> and driving fear, uncertainty, and doubt higher.<\/span><\/p>\n

The broader financial market is eyeing the release of the Consumer Price Index (CPI) data for December.<\/span><\/p>\n

These Are The Top 5 Crypto To Watch This Week:\u00a0<\/strong><\/h2>\n

Litecoin (LTC)\u00a0<\/strong><\/h2>\n

The ol\u2019 reliable token of the crypto world, this altcoin recently recorded its <\/span>140 millionth transaction<\/span><\/a>. Litecoin accomplished that with nearly a <\/span>100% uptime<\/span><\/a>, which is a rare occurrence in an era of <\/span>smart contract providers<\/span><\/a>.\u00a0<\/span><\/p>\n

The altcoin is also growing in adoption with LTC gaining traction as a <\/span>means for payment<\/span><\/a>. With this in mind, LTC would definitely have a strong and significant role once the bear market cycle starts.\u00a0<\/span><\/p>\n

At the current price of $81.92, the token will have a significant part in the next bull market. However, if macroeconomic data trends down or stagnate, LTC will definitely have a tough time climbing back up.<\/span><\/p>\n

\"Shiba<\/p>\n

Shiba Inu. Image: WBUR<\/pre>\n
Shiba Inu (SHIB)<\/strong><\/h3>\n
The original <\/span>rival<\/span><\/a> to Dogecoin (DOGE), this memecoin has grown in popularity and <\/span>utility<\/span><\/a> and makes it to our top 5 crypto list. The Shiba Inu community is also trying to distance itself from its memecoin origins which is more apparent as one reads the details of the <\/span>Shibarium upgrade<\/span><\/a>.\u00a0<\/span><\/p>\n
At the current market market price of $0.00000887, SHIB has some wiggle room for growth as Shibarium\u2019s launch nears. But investors and traders should pay attention to macroeconomic trends because of the token\u2019s high correlation with Bitcon and Ethereum.\u00a0<\/span><\/p>\n
\n
Related Reading: IMX Spikes 10% In Last 24 Hours \u2013 Will It Start The Week Strong?<\/a><\/div>\n<\/div>\n
Polygon (MATIC)<\/strong><\/h3>\n
Polygon’s native token MATIC has been <\/span>pumping<\/span><\/a> in price since Mastercard <\/span>announced<\/span><\/a> its partnership with the ecosystem for its Web3 Artist Acceleration Program. Recent <\/span>migrations<\/span><\/a> of y00ts and DeGods would also contribute to this bullish action.\u00a0<\/span><\/p>\n
With MATIC trading at $0.865, any good development macro-wise would mean big gains for the token\u2019s investors and traders.\u00a0<\/span><\/p>\n
\"Bitcoin\"<\/p>\n
Image: Cryptocurrency News<\/pre>\n
Bitcoin (BTC)<\/strong><\/h3>\n
Of course, Bitcoin will always be in the top 5 crypto roster. As Bitcoin stands at $17,252, the king crypto leads the charge for recovery against the bear market. BTC holders are especially bullish on the <\/span>4-year cycle<\/span><\/a> that the top cryptocurrency followed during past bear markets.\u00a0<\/span><\/p>\n
Although the token <\/span>lost<\/span><\/a> its status as an alternative to gold, the coin breaking the $17k resistance is a significantly bullish signal for investors and traders to watch for. <\/span><\/p>\n
With Bitcoin being correlated with almost the entire crypto market, any movements by BTC would mean gains or losses for the entire market.\u00a0<\/span><\/p>\n
\n
Related Reading: Dogecoin (DOGE) Is Now 4th Most Popular Cryptocurrency On BitPay<\/a><\/div>\n<\/div>\n
<\/p>\n
Crypto total market cap finally breaches the $700 billion mark and now at $811 billion on the weekend chart | Chart: TradingView.com<\/a><\/pre>\n
Solana (SOL)<\/strong><\/h3>\n
SOL has been hit hard by the bear market of 2022. With the token <\/span>down<\/span><\/a> 88% year-to-date, the ecosystem might seem <\/span>dead<\/span> to some people. However, with the release of <\/span>Bonk<\/span><\/a>, SOL has been going up in the past week and rounds up the top 5 crypto list for today.\u00a0<\/span><\/p>\n
Bonk is the new memecoin that created buzz around it as it <\/span>pumped<\/span><\/a> by 1,600% in the past week. This led to a spike in network activity, thus pushing the price of Solana upwards as well. But with Bonk\u2019s big pump, a correction might also hurt SOL.\u00a0<\/span><\/p>\n
As of writing, SOL\u2019s price of $16.43 would definitely experience pain if macro trends stagnate or remain bearish.\u00a0<\/span><\/p>\n
-Featured image: Built In<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
The crypto market has been very bullish in the past week as the turn of the year sparked positive investor sentiment for the industry, especially to our top 5 crypto to watch this week. Since January 1st, the total market cap of crypto rose by 8.25% which shows a complete reversal of investor sentiment on the market.\u00a0 As market optimism grows for an economic soft landing, crypto is poised for a recovery after a year of complete disaster. The market was devastated after multiple high-profile collapses, leaving investors as the biggest losers and driving fear, uncertainty, and doubt higher. The broader financial market is eyeing the release of the Consumer Price Index (CPI) data for December. These Are The Top 5 Crypto To Watch This Week:\u00a0 Litecoin (LTC)\u00a0 The ol\u2019 reliable token of the crypto world, this altcoin recently recorded its 140 millionth transaction. Litecoin accomplished that with nearly a 100% uptime, which is a rare occurrence in an era of smart contract providers.\u00a0 The altcoin is also growing in adoption with LTC gaining traction as a means for payment. With this in mind, LTC would definitely have a strong and significant role once the bear market cycle starts.\u00a0 At the current price of $81.92, the token will have a significant part in the next bull market. However, if macroeconomic data trends down or stagnate, LTC will definitely have a tough time climbing back up. Shiba Inu. Image: WBUR Shiba Inu (SHIB) The original rival to Dogecoin (DOGE), this memecoin has grown in popularity and utility and makes it to our top 5 crypto list. The Shiba Inu community is also trying to distance itself from its memecoin origins which is more apparent as one reads the details of the Shibarium upgrade.\u00a0 At the current market market price of $0.00000887, SHIB has some wiggle room for growth as Shibarium\u2019s launch nears. But investors and traders should pay attention to macroeconomic trends because of the token\u2019s high correlation with Bitcon and Ethereum.\u00a0 Related Reading: IMX Spikes 10% In Last 24 Hours \u2013 Will It Start The Week Strong? Polygon (MATIC) Polygon’s native token MATIC has been pumping in price since Mastercard announced its partnership with the ecosystem for its Web3 Artist Acceleration Program. Recent migrations of y00ts and DeGods would also contribute to this bullish action.\u00a0 With MATIC trading at $0.865, any good development macro-wise would mean big gains for the token\u2019s investors and traders.\u00a0 Image: Cryptocurrency News Bitcoin (BTC) Of course, Bitcoin will always be in the top 5 crypto roster. As Bitcoin stands at $17,252, the king crypto leads the charge for recovery against the bear market. BTC holders are especially bullish on the 4-year cycle that the top cryptocurrency followed during past bear markets.\u00a0 Although the token lost its status as an alternative to gold, the coin breaking the $17k resistance is a significantly bullish signal for investors and traders to watch for. With Bitcoin being correlated with almost the entire crypto market, any movements by BTC would mean gains or losses for the entire market.\u00a0 Related Reading: Dogecoin (DOGE) Is Now 4th Most Popular Cryptocurrency On BitPay Crypto total market cap finally breaches the $700 billion mark and now at $811 billion on the weekend chart | Chart: TradingView.com Solana (SOL) SOL has been hit hard by the bear market of 2022. With the token down 88% year-to-date, the ecosystem might seem dead to some people. However, with the release of Bonk, SOL has been going up in the past week and rounds up the top 5 crypto list for today.\u00a0 Bonk is the new memecoin that created buzz around it as it pumped by 1,600% in the past week. This led to a spike in network activity, thus pushing the price of Solana upwards as well. But with Bonk\u2019s big pump, a correction might also hurt SOL.\u00a0 As of writing, SOL\u2019s price of $16.43 would definitely experience pain if macro trends stagnate or remain bearish.\u00a0 -Featured image: Built In<\/p>\n","protected":false},"author":557,"featured_media":515437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,428,1558,10,2888,12837],"class_list":["post-515436","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-bitcoin","tag-cryptocurrency","tag-litecoin","tag-market-analysis","tag-sol"],"acf":[],"yoast_head":"\nTop 5 Crypto To Watch As CPI Data Is Released This Week<\/title>\n<meta name=\"description\" content=\"The crypto market has been very bullish in the past week as the turn of the year sparked positive investor 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Top 5 Crypto To Watch As CPI Data Is Released This Week","url":"http:\/\/wncen.com\/news\/top-5-crypto-to-watch\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/top-5-crypto-to-watch\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/top-5.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/top-5.png?fit=753%2C437"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","bitcoin","cryptocurrency","litecoin","market analysis","sol"],"dateCreated":"2023-01-09T15:40:26Z","datePublished":"2023-01-09T15:40:26Z","dateModified":"2023-03-08T07:26:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Top 5 Crypto To Watch As CPI Data Is Released This Week\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/top-5-crypto-to-watch\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/top-5-crypto-to-watch\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/top-5.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/top-5.png?fit=753%2C437\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"bitcoin\",\"cryptocurrency\",\"litecoin\",\"market analysis\",\"sol\"],\"dateCreated\":\"2023-01-09T15:40:26Z\",\"datePublished\":\"2023-01-09T15:40:26Z\",\"dateModified\":\"2023-03-08T07:26:33Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/top-5.png?fit=753%2C437","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/515436"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=515436"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/515436\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/515437"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=515436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=515436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=515436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}