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Top 5 cryptocurrencies to watch this week: BTC, AVAX, ALGO, XTZ, EGLD

Published 09/26/2021, 03:47 PM
Updated 09/27/2021, 06:40 PM
Top 5 cryptocurrencies to watch this week: BTC, AVAX, ALGO, XTZ, EGLD

China has attempted to stifle the crypto sector’s growth on several occasions in the past 12 years but barring a minor blip, the blanket bans on crypto-commerce have not altered the long-term growth of cryptocurrencies. This shows that no one country, even if it is the second-largest economy in the world, can halt the emergence and growth of cryptocurrencies.

Deutsche Bank (DE:DBKGn) analyst Marion Laboure said in an update on the bank’s website that Bitcoin (BTC) is likely to “remain ultra-volatile in the foreseeable future” as most people buy it either for investment or for speculation rather than using it as a medium of exchange.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
AVAX/USDT daily chart. Source: TradingView
AVAX/USDT 4-hour chart. Source: TradingView
ALGO/USDT daily chart. Source: TradingView
ALGO/USDT 4-hour chart. Source: TradingView
XTZ/USDT daily chart. Source: TradingView
XTZ/USDT 4-hour chart. Source: TradingView
EGLD/USDT daily chart. Source: TradingView
EGLD/USDT 4-hour chart. Source: TradingView

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