Top Cryptocurrencies to Keep an Eye on This Week: Bitcoin, XRP, Chainlink, and More

The cryptocurrency market is seeing a surge of activity, driven by Bitcoin’s march toward a record-breaking $100,000 and notable movements in altcoins like XRP, Shiba Inu, Chainlink, and Hedera. Here’s a closer look at the standout digital assets to watch this week:

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Bitcoin (BTC)

Bitcoin is once again making headlines as it nears the $100,000 mark. On November 22, BTC reached an impressive $99,645 before slightly dipping. As of Monday, it stands at $96,000, reflecting a 2% dip over the past week. This renewed momentum is largely fueled by growing interest in Bitcoin exchange-traded funds (ETFs), which have rekindled excitement among investors. Market watchers are now eagerly anticipating whether Bitcoin can break into the six-figure territory soon.

XRP (XRP)

XRP has been grabbing attention with a significant price surge, reaching $2.44 on Monday, the highest since May 2021. This marks an incredible 69% increase over the last week. The excitement surrounding XRP is driven by positive developments related to ETFs. WisdomTree has filed to launch an XRP ETF in Delaware, while in Europe, the XRP ETP has been renamed the Bitwise Physical XRP ETP. Ripple’s active role in supporting these initiatives has also played a key part in boosting investor confidence.

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Shiba Inu (SHIB)

The popular memecoin Shiba Inu is back among the top 10 cryptocurrencies by market capitalization. An investment of $100 in SHIB back in November 2020 would now be worth over $52 million, a testament to its extraordinary potential. Currently priced at $0.00002921, SHIB has surged 13% over the past week, maintaining its appeal among those looking for high-risk, high-reward opportunities.

Chainlink (LINK)

Chainlink is seeing renewed interest due to its unique role in connecting blockchain networks with real-world data. Recent news of a partnership with World Liberty Financial, a crypto initiative led by President-elect Donald Trump, to use Chainlink’s data feeds in a new decentralized finance (DeFi) project has boosted its visibility. LINK is now trading at $21.37, marking a 20% increase over the past week. The project remains a cornerstone in the DeFi landscape, enhancing blockchain’s real-world applications.

Hedera (HBAR)

Hedera, a public network for scalable decentralized applications (dApps), is experiencing a surge in its price. Canary Capital’s recent filing with the U.S. Securities and Exchange Commission (SEC) to launch an HBAR ETF could open the door for more widespread investment, adding to its growing reputation. Currently trading at $0.2815, HBAR has seen a remarkable 75% increase in the past week, showcasing its rising importance in the blockchain space.

This week is shaping up to be pivotal for the cryptocurrency market. While Bitcoin moves ever closer to its landmark $100,000 goal, altcoins like XRP, SHIB, LINK, and HBAR are making waves with substantial gains and promising updates. As market dynamics continue to shift, these digital assets remain crucial to watch for investors looking to stay ahead of the curve.

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