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![](https://gimg2.gateimg.com/image/article/1690791888top5cryptoprediction.jpeg)
## TL；DR
Last week, the overall crypto market showed a significant upward trend, with the total market value of the crypto market and the prices of mainstream top coins showing significant increases. And since the beginning of the week, the market has been experiencing rapid intraday market fluctuations. The reason for this trend is also quite clear. After Bloomberg analysts published information on the approval of ETH spot ETFs, the market had a clear positive expectation for this upcoming event. The subsequent actions of the SEC and various related companies have also supplemented the clear dynamics of this signal. Mainstream coins represented by ETH have entered a period of rapid rise, but currently, it seems that this wave of market has not seen a continuous significant increase, mainly due to intraday rapid fluctuations. After entering the weekend closing stage, market sentiment gradually turned calm, currently maintaining around 65, which is no longer more than 70% of the previous period of rapid rise. 

BTC prices remained above $68,000 during the weekend, with clear signs of a sideways trend. The ETH situation is similar, and after a rapid increase, it is currently stable above $3,800. The total market value has increased significantly compared to last week’s period, maintaining around $2.57 trillion. The weekly market trends of several key coins have fluctuated, and the differences in upward trends are also quite significant. At present, the top five cryptocurrencies in the total market value of the crypto market are still <a href="/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC), <a href="/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH), Binance (<a href="/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), <a href="/price/solana-sol" target="_blank" class="blog_inner_link">Solana</a> (SOL), and Ripple (<a href="/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>).

In the past week, the price trends of the five major coins have mostly shown a rapid upward trend since the beginning of the week, followed by more obvious signs of sideways trading. Among them, ETH has seen the largest increase due to news factors, while other top mainstream coins have mostly followed the trend. This article will study the performance of major assets, explore the factors that affect their price trends, and conduct corresponding analyses to predict their future short-term price trends.

## Bitcoin（BTC）
BTC has risen by about 3.05% this week and is currently closing at around $68,800. The overall price change within the week is mainly characterized by a rapid intraday rise followed by consecutive fluctuations and declines. Although there was a noticeable rapid decline near the weekend closing period, it rebounded again to above $68,000 and maintained a small range of fluctuations during the weekend. The overall slight upward trend for the week is relatively obvious, but there was still downward exposure during the weekend closing period, and the subsequent trend is currently unclear. During most of the week, the price of BTC remained within the range of several thousand US dollars; during the weekend, it showed a slight fluctuation. Most of the time, the price fluctuated around $69,000. The high point of the coin's weekly price is $71,503, while the low point is around $66,024 during the opening period.

Analysis suggests that the price trend of BTC within a week  follows ETH. Due to the influence of news factors, there has been a rapid intraday increase since the opening period. On this basis, BTC prices have reached a recent high, and the coin price has returned to above $71,000. However, it is evident that there is a lack of further price support in the future, and the main trend for the day is a volatile decline, which makes it difficult for BTC prices to maintain the ideal level. Overall, The biggest breakthrough of BTC in the current week is still reaching a new price range, and continuing to operate above the $68,000 price range is conducive to rapid price breakthroughs in the future. The coin will likely maintain its current price range for the next week, and it may be difficult to achieve a new high breakthrough in the short term.
![](https://gimg2.gateimg.com/image/article/17167913501.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)

## Ethereum（ETH）
ETH rose 25.29% this week and closed near $3,850. The weekly trend of ETH coin prices is mainly influenced by the positive progress of spot ETF approval, achieving a significant increase in coin prices. The trend is primarily determined by the positive news, followed by a significant intraday increase. Since the rapid rise of the coin in the middle of the week, it has maintained a relatively stable price range and continued to fluctuate for the next week, mostly around $3,800. ETH is one of the main rising coins in this round of the mainstream crypto market, playing a driving role. The peak weekly price is around $3,934 near the weekend, approaching the critical price of $4,000. The low point is around $2,978 during the opening period, and the overall trend has fluctuated downward throughout the week.

Analysis suggests that ETH’s price has been relatively unique in this week's market changes, mainly influenced by news factors, similar to market reactions related to BTC spot ETF approval earlier, but mainly concentrated before approval. At present, it appears that there will be a further surge in ETH prices, which will continue to fluctuate based on the impact of ETF inflows. However, there is a certain probability that the price will break through the $4,000 level in the short term.
![](https://gimg2.gateimg.com/image/article/17167913752.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)

## Binance（BNB）
BNB rose 4.27% this week and closed near $600. BNB's weekly price trend is more likely to follow the market's trading cycle. Due to the rise in coin prices caused by news factors this week, the trading volume has risen, and market activity has also driven BNB prices to reach $630 at one point. However, the subsequent trend mainly showed a volatile downward trend. After falling below $600 in the short term, the coin price showed a more obvious sideways trend during the weekend closing period, maintaining continuous fluctuations around $600. The high point of the coin's weekly price is around $630, while the low point is around $570 during the opening period.

Analysis suggests that the weekly price fluctuation of BNB mainly follows the trading cycle of the market. With the rapid changes in the crypto market this week, BNB prices have once again shown an active state of fluctuation. The probability of the coin continuing to rise next week is low, ETH spot ETFs still need some time to wait for capital inflows, and in the short term, there is also a lack of clear signals of rapid upward movement in the market.
![](https://gimg2.gateimg.com/image/article/17167913923.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)

## Solana（SOL）
SOL fell 5.20% this week and closed near $160. The price trend of SOL within a week was influenced by the news, showing a pronounced upward trend. However, the subsequent rebound was also very obvious, and the coin price did not maintain above $180. After reaching a one-week high point, it showed a fluctuating downward trend. After entering the weekend closing period, The downward trend of SOL price fluctuations has not improved, and it has now reached around $160. The high point of the coin's weekly price is around $188, while the low point is currently around $160, and the downward trend remains volatile.

Analysis suggests that the price of SOL has shown a rapid upward trend following the overall market trend this week, but it is mainly affected by the rapid rise of the MEME sector within the ecosystem. It is evident that there has been a lack of continuous growth, and the coin prices have shown a state of rebound, which has also affected the price of SOL. Overall, the coin has been in a volatile downward cycle for most of the week and is still in a relatively rapid intraday decline. The probability of the coin falling below $160 is relatively high, but according to the recent performance of SOL, the probability of the price falling below $150 is very low. In the short term, the coin will continue to fluctuate within the $150-160 range, and there will still be a clear upward trend in the future.
![](https://gimg2.gateimg.com/image/article/17167914094.jpg)
SOL Price Data (Data Courtesy of CoinMarketCap)

## Ripple（XRP）
XRP rose 3.62% this week and closed near $0.5303. The price trend of XRP is more affected by the news this week than other coins, and the sustained effect is more lasting. This is closely related to the role played by Gray Company in the approval process of ETH spot ETF, which is why XRP prices are relatively higher for ships. Although there are still some fluctuations, overall the price of the coin is still rising. The weekly high point of XRP coin is around $0.5541 after a rapid increase, while the low point is around $0.50 during the opening period.

Analysis suggests that due to the influence of news factors, the overall crypto market has undergone changes this week, and due to the correlation between this information and XRP's affiliated company, the coin’s price has not shown a rapid downward trend similar to SOL after a rapid increase. Although the current trend of XRP has shown a downward trend, it is unlikely to fall below the price of $0.52 in the short term, and there is a high probability that it will follow the rise and return to above $0.585 in the future.
![](https://gimg2.gateimg.com/image/article/17167914285.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)

## What is to Come?
Compared to the same period last week, BTC, ETH, BNB, SOL, and XRP prices have shown significant upward fluctuations in most currencies this week, indicating a clear overall upward trend in the market. However, the probability of a significant upward trend in the mainstream market in the following week is relatively low, and it will take some time to wait. The price trends of several mainstream coins in the short term have been explained separately, but the temporary impact of news factors cannot be ruled out. More accurate information needs to be obtained through daily market fluctuations.



<div class="blog-details-info">
<div>Author:**Charles T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>


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Concept introductions of 5 trending cryptocurrencies；Current situations of mainstream coins

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5 Coin Weekly Forecast | BTC ETH BNB SOL XRP