Bitcoin, Virtuals Protocol, Bitget, and more: Cryptocurrencies to watch this week

12/31/2024 02:00
Bitcoin, Virtuals Protocol, Bitget, and more: Cryptocurrencies to watch this week

As 2024 is almost ending, investors are cashing in on cryptocurrencies, locking in profits. While this end-of-year sell-off was expected, the trend could shift with the arrival of 2025. The inauguration of crypto-friendly leader Donald Trump as the new U.S. President is likely to spark fresh optimism among market participants.

Illustration: Oscar Wong (Getty Images)

Illustration: Oscar Wong (Getty Images)

As 2024 is almost ending, investors are cashing in on cryptocurrencies, locking in profits. While this end-of-year sell-off was expected, the trend could shift with the arrival of 2025. The inauguration of crypto-friendly leader Donald Trump as the new U.S. President is likely to spark fresh optimism among market participants.

Here are some cryptocurrencies to keep an eye on this week.

Illustration: OZAN KOSE (Getty Images)

Illustration: OZAN KOSE (Getty Images)

Bitcoin is worth keeping an eye on this week, as the leading cryptocurrency has already dropped 15% from its peak of $108,135, which occurred on December 17th. However, this trend may change as we enter the new year, and investors might begin putting their money back into it.

Currently, Bitcoin (BTC) is trading at $91,862, reflecting a 1.4% decline in the past week.

Illustration: salarko (Getty Images)

Illustration: salarko (Getty Images)

BNB, formerly known as Binance Coin, is the native cryptocurrency of Binance, the world’s largest cryptocurrency exchange by trading volume. The fifth-largest cryptocurrency by market capitalization has experienced some downward trends in the past week. However, it is now changing direction, and investors have started betting on it.

Currently, BNB is trading at $693, reflecting an increase of 3.3% in the past week.

Illustration: Alvaro Fernandez Echeverria (Getty Images)

Illustration: Alvaro Fernandez Echeverria (Getty Images)

Solana is seen as a strong competitor to the Ethereum blockchain and has witnessed remarkable growth this year, fueled by its high-speed transaction processing and cost-efficient infrastructure. Its ability to handle thousands of transactions per second has made it an attractive choice for developers and users alike, driving a surge in activity on its network. As a result, Solana has become a popular platform for hosting decentralized applications (dApps), ranging from DeFi projects to NFT marketplaces.

Currently, Solana (SOL) is trading at $186, representing a 1% increase in a week.

Illustration: Flavio Coelho (Getty Images)

Illustration: Flavio Coelho (Getty Images)

Launched in October 2024, Virtuals Protocol is a leading blockchain platform for creating AI agents. AI agents are programs that process information and perform tasks to achieve specific goals. Some examples of AI agents include Apple’s Siri, ChatGPT, etc. The platform has gained momentum recently, fueled by growing interest in artificial intelligence and its rising adoption.

Currently, Virtuals Protocol is priced at $3.30, marking a 30% jump over the past week.

Illustration: a-image (Getty Images)

Illustration: a-image (Getty Images)

Crypto exchange Bitget’s native cryptocurrency, Bitget Token (BGB), continues to go upward in price. That’s primarily because the crypto exchange has become the first wallet to introduce Solana limit order functionality, addressing the challenges of market volatility. Using this new feature, traders can set automated buy or sell orders at their desired price levels, eliminating the need for constant market monitoring.

Despite the sell-off across the crypto market, investors put their money into Bitget Token (BGB), and it has increased by 56% in one week, currently trading around $6.26.

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