The cryptocurrency market is moving at full speed. Bitcoin (BTC) set a new all-time high of $99,261.30 earlier today. The global cryptocurrency market cap has also risen by 4.6% in the past 24 hours, reaching $3.43 trillion.
The recent rebound may be due to rumors about Trump's election 'cryptocurrency czar.' It is currently unclear who will hold this position. Some speculate that former Commodity Futures Trading Commission (CFTC) Chairman Chris Giancarlo, who served during Trump's first term, may be a candidate.
That said, let's take a look at the top 3 mainstream cryptocurrencies you should buy this weekend!
1. Solana (SOL)
SOL follows the upward trajectory of BTC. The asset set a new all-time high of $262.85 earlier today. SOL is also one of the best-performing cryptocurrencies of 2023. The asset may continue to rise in the coming weeks.
The SOL network has experienced remarkable growth over the past year. Many expect it to eventually surpass the Ethereum network as the largest blockchain for hosting crypto projects.
2. Ripple's XRP
Last week, XRP broke the $1 mark for the first time since November 2021. This cryptocurrency has gone through several tough years but has recently made a significant recovery.
If Bitcoin (BTC) maintains its momentum, XRP may continue to rise in the coming days. This cryptocurrency has fallen 59.3% from its all-time high of $3.40. While BTC and SOL have reached new highs, XRP may take some time to recover its historical peak price level.
3. Dogecoin (DOGE)
DOGE is another cryptocurrency that has greatly benefited from Donald Trump's victory in the U.S. presidential election. Elon Musk is one of Trump's biggest supporters and a loyal fan of DOGE. Musk proposed the establishment of the Department of Government Efficiency (DOGE) under Trump's leadership, which the elected president has agreed to.
DOGE is a cryptocurrency that every investor should pay attention to in the coming weeks.
