This week has been a wild ride for cryptocurrencies. After a strong start to the week, the market plummeted, and many top cryptocurrencies have lost almost all of their gains.

However, some cryptocurrencies have healthy chances of performing well in the days ahead. There’s a lot of buzz about these.

Despite the market correction, Bitcoin is still hanging tough above the $23k mark. If you’re thinking about trading today, check out some of these cryptos that are likely to have a good day soon.

Cronos (CRO)

One of the most notable cryptocurrencies to keep an eye on this week is Cronos (CRO). This is in part due to the news that is utilizing a technology that allows customers to pay for petrol; with cryptocurrency at Australia’s gas stations.

The payments will be made in Bitcoin, which means the price of Cronos will also rise. That’s because it is the cryptocurrency that runs the system.

As news about the Australian gas station agreements spreads throughout the market. Cronos (CRO) will most likely see some beneficial price movement as a result of it.

Cronos recently received FCA approval, which could potentially increase its adoption levels in the United Kingdom. This will to add to the favorable price energy, particularly if the wider market turns bullish again.

From a technical perspective, Cronos (CRO) is trading above the $0.2 level, which is an important support. This level has been tested several times in the past, and it seems to be holding.

The 200-day moving average is also at this level, providing extra support. If the price breaks below $0.2, it could test the next support level at $0.18.

Flow (FLOW)

Flow has been one of the best performing cryptos lately. Its recent rally is largely due to confusion with M. Andreesen’s backed real estate venture also named Flow.

The project’s team announced on Twitter that they have no association with the Marc Andreesen project. This did not stop the price from going up. In the past 24 hours, it is up by 5%.

On the other hand, a number of events are taking place with FLOW cryptocurrency that may benefit its price. One is the increasing rate of NFTs being created on the flow blockchain.

The increased demand for FLOW is due to these factors. If the market trend changes and becomes bullish again, FLOW will most likely outperform other top cryptocurrencies by a significant margin.

Ethereum (ETH)

In the past few days, Ethereum (ETH) has been a top cryptocurrency, hitting a high of $2000 on August 14th. Very soon, Ethereum is most likely to outperform the wider market. That’s because investors are still banking on an even bigger price rise as the deal gets closer.

Analysts have been predicting that the merger will raise the price of Ethereum for quite some time. Arthur Hayes, the co-founder of Bitmex, thinks that the value of Ethereum will rise as a result of investor expectations. And the now deflationary nature of Ethereum. He adds that the value would continue to rise for some time until every one has an Ethereum wallet.

With so much potential and the fact that Ethereum has been in a correction for some time. If the broader market rebounds in the days ahead, this cryptocurrency could experience FOMO buying.

While Ethereum 2.0 has been in the works for a long time, the recent developments have put it in the spotlight again. The community is eagerly awaiting the release of ETH 2.0, which is expected to solve many of Ethereum’s current scalability issues.

There you are, the three cryptos with potential for profit this weekend. The ball is now in your court!

James Atkins

I have been writing copy for blockchain-related projects since 2017. I understand the importance of being able to communicate clearly and effectively with both technical and non-technical audiences. By leveraging my understanding of the crypto industry trends, I can help increase adoption in this rapidly evolving landscape.