The cryptocurrency market had a mixed performance last week as the Federal Reserve slashed interest rates for the first time this year. Some tokens like Avantis and BNB jumped to a record high, while others like MYX and Neiro jumped and then crashed.
This article looks at the top cryptocurrencies to watch this week, including Keeta (KTA), Axelar (AXL), and Aster (ASTER).
Keeta (KTA)
Keeta will be one of the top cryptocurrencies to watch this week, which explains why it soared by over 30% on Sunday. The main reason for this is that the mainnet will launch this week.
Some rumors are that the mainnet will launch on September 22nd although the developers are yet to confirm this. What the founder has confirmed, however, is that it will happen this month, which has less than 10 days to go.
Keeta, which is backed by Eric Schmidt, the former Google CEO, aims to connect traditional finance (TradFi) with decentralized finance (DeFi). Its main advantage is that it is capable of handling over 10 million transactions per second.
Keeta’s testnet has handled over 28.7 billion transactions and produced 42.65 million blocks. Therefore, the Keeta price will likely surge after the mainnet launches.
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Axelar (AXL)
Axelar is another top cryptocurrency to watch this week as it continues its token unlock process. Data shows that it will unlock tokens worth over $5 million, which are equivalent to 1.50% of its float. The network has already unlocked about 81% of its supply.
Axelar price has formed a head-and-shoulders pattern whose neckline is at $0.2912. This is one of the most popular bearish patterns in technical analysis. It has also moved below the 50-day Exponential Moving Average.
Therefore, the token will have a bearish breakout, with the next key level to watch being at $0.25.
Aster (ASTER)
Aster is another top cryptocurrency to watch this week as its performance jumps. It jumped by over 30% to $1.96, giving it a market capitalization of $2.6 billion and an FDV of $12.76 billion. Its 24-hour volume also jumped to over $2.3 billion.
Aster token jumped after it rebranded from APX, as its network gained steam, and after a special mention from Changpeng Zhao. Data shows that the total value locked (TVL) jumped to a record high of $413 million, up from $37 million in December last year.
Aster’s perpetual DEX volume rose to over $18.26 billion this month, higher than last month’s $9.7 billion. This growth has boosted its revenue and fees. It made almost $6 million in revenue this month, higher than last month’s $1.4 million.
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