The cryptocurrency market has held steady in the past few days, with Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) remaining in a tight range. The market capitalization of all tokens has stalled at $2.91 trillion. This article looks at some of the top altcoins to watch this week, including Quant (CRYPTO: QNT), Worldcoin (CRYPTO: WLD), and Zcash (CRYPTO: ZEC).
Quant Token in Focus as it Goes Parabolic
Quant Network will be one of the top cryptocurrencies to watch this week as its surge continues. QNT jumped to $193 on Sunday, up sharply from last week’s low of $58. This surge has brought its market capitalization to over $2.2 billion.
Quant’s token has surged because of a recent partnership with UK Finance, a trade association representing over 300 financial institutions in a project known as GBTD. In a statement last week, association said that it had used Quant’s technology to conduct tokenized deposits. Some of the participants in this trial are companies like Barclays, HSBC, and Lloyds.
Quant will be in the spotlight as traders consider whether the rally will continue. Technically, the token has become highly overbought, with the Relative Strength Index (RSI) hitting 94, its highest level in years. It has also surged above historical averages, raising concerns of mean reversion.
Worldcoin in Focus as AI Agent Boom Continues
Sam Altman’s Worldcoin has been in a strong upward trend in the past few days. It has jumped in the last four consecutive days, and is trading at its highest level since June 23.
Worldcoin is in focus because of the ongoing AI agent growth, as evidenced by the ongoing demand for Meta Platform’s (NASDAQ:META) Muse. The network is seen as a beneficiary of this trend because of its proof of humanity approach, where it helps companies verify that users are human.
Worldcoin is also watched because of its association with Altman, OpenAI’s CEO. The hope among users is that OpenAI will embrace World ID over time. WLD often reacts to any news reports on OpenAI’s planned IPO.
Zcash Price in Focus as it Hovers at a YTD high
Zcash price has been in a strong upward trend in the past 12 months and is now hovering near its highest level this year. It has soared by 750% from its lowest level this year, making it a top-ten crypto project.
Zcash price has soared because of the rising demand for its privacy features as evidenced by the soaring shielded addresses. The Grayscale Zcash ETF is also seeing strong demand, with its inflows rising by over $284 million this month. It holds over $995 million in assets, a figure that may pass $1 billion this month.
In addition to these three, traders will watch top coins like Bitcoin and Ethereum as their ETF inflows jump. Ethereum will be watched as Tom Lee’s BitMine (NASDAQ:BMNR) is set to complete its ETH accumulation.
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