The cryptocurrency market saw modest price increases over the weekend as investors embraced a risk-on sentiment, following a surge in the US stock market on Friday. Bitcoin (BTC) remained steady above $84,000, while the overall market cap for all cryptocurrencies rose to over $2.8 trillion. This week, the crypto market will be driven by two key factors: President Donald Trump’s stance on tariffs and the Federal Reserve’s interest rate decisions. If Trump signals a more lenient approach to tariffs, and the Fed adopts a more dovish tone, this would likely be bullish for cryptocurrencies and other risk assets.
The top cryptocurrencies to watch this week include Binance Coin (BNB), Cronos (CRO), and ZetaChain (ZETA).
Binance Coin (BNB)
BNB is in the spotlight this week due to the upcoming Pascal hard fork, scheduled for March 20. This upgrade, one of three planned for the first half of the year, is set to improve the BNB Chain’s Ethereum compatibility, introduce native smart contract wallets, and bolster security. The other two upgrades will focus on enhancing the chain’s speed and overall security. As Binance Smart Chain (BSC) emerges as one of the top alternatives to Ethereum and Solana, the Pascal upgrade could further strengthen its position, given Ethereum’s high fees and slower transaction speeds, and Solana’s association with meme coins.
Cronos (CRO)
Cronos is also a key cryptocurrency to watch as a crucial vote will conclude on March 17. This vote is aimed at determining the creation of a Cronos Strategic Reserve by reversing a 70 billion token burn that occurred in 2021. If the vote passes, the project will generate 70 billion new tokens, using them to build a reserve that will support the ecosystem. However, critics argue that creating these new tokens could dilute the value for existing investors by increasing the total supply. As of now, 45.8% of voters support the proposal, 44.4% oppose it, and 9.27% have abstained. If the vote results in a low turnout, the proposal may be rejected.
ZetaChain (ZETA)
ZetaChain, which has experienced a significant price drop to a record low of $0.2070, is another cryptocurrency to watch. It has fallen by over 92% from its all-time high, with its market cap now at just $151 million. The drop is partly due to the decrease in the Total Value Locked (TVL) in its ecosystem, which has fallen from near $20 million to only $13 million. Additionally, ZetaChain is facing concerns over its high dilution, with a circulating supply of 731 million compared to a total supply of 2.1 billion tokens. This week, over $6.6 million worth of tokens are set to be unlocked, representing 4.29% of the total floating supply, which is expected to cause increased volatility for the ZETA price.
Investors and traders will be keeping a close eye on these developments this week, as they could significantly influence the price movements of these three cryptocurrencies.
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