The cryptocurrency market began the week on Monday with the Bitcoin price rising to $110,000 after dropping to $106,000 over the weekend. This price action happened as the US dollar index continued its downward trend and after Trump softened his stance on trade.
Top Crypto to Watch this Week
Several catalysts are expected to move the crypto market this week, including the release of Federal Reserve minutes, NVIDIA earnings, and additional trade-related news.
Some of the top cryptocurrencies to watch this week include Grass (GRASS), known for its AI applications, Bluefin (BLUE), a rising DEX player amid Sui network developments, and Jupiter (JUP), a leading entity in decentralized perpetual futures.
Grass in Focus Ahead of NVIDIA Earnings
The Grass token price has jumped by over 158% from its lowest level this year, benefiting from the ongoing crypto bull run.
The coin will be in the spotlight this week due to the upcoming NVIDIA earnings, which will provide more information about the current state of the AI industry and whether the bubble is bursting.
Grass and other AI tokens will react to these numbers as they have done in the past. AI tokens, including Grass, tend to move in sync with the NVDA stock price. Strong results could boost the Grass price, indicating the AI boom persists.
Grass is an AI crypto because of its underlying technology. Users install an app on their browsers or computers, earning points as the app ‘scrapes’ their idle data. Grass then sells this data to companies building AI models.
Bluefin is Benefiting From the Cetus Hack
The biggest crypto news story last week was the massive Cetus Protocol hack, the largest decentralized exchange (DEX) network on the Sui network. Cetus has already paused most of the funds and is now working to recover the rest.
Bluefin has now emerged as the biggest decentralized exchange on the Sui network, capitalizing on opportunities presented by the recent challenges faced by Cetus. Data shows that it handled over $112 million in volume in the last 24 hours and $758 million in the last seven days, a 34% weekly increase.
The other top DEX networks in Sui that may benefit from this fallout are Momentum and Turbos.
READ MORE: Monero Price, which has become highly overbought: Is XMR Still a Good Buy?
Jupiter to Benefit as it Moves Into Crypto Lending
Jupiter’s JUP token has more than doubled from its lowest level this year as the network has ascended to the top in the decentralized perpetual futures industry.
It has become the second-largest player in the industry after Hyperliquid, a behemoth that handles over $78 billion in volume per week.
Jupiter processed transactions worth over $5.58 billion in the last seven days, and is much bigger than the other perpetual exchanges like Aster, Vertex Edge, and MYX Protocol.
Jupiter token will be in the spotlight after the developers noted that they will launch Jupiter Lend this summer. According to its website, this product has already attracted over 1.5 million registered wallets for early access to the service. The JUP token price is likely to perform well ahead of this launch.
READ MORE: Pi Network, which could see a 30% price crash ahead of the 72M coin unlock.
