This week's trio of top cryptocurrencies are worth watching in the coming days.

Since last week, Bitcoin has been trying to recover after dipping to $58,562. Although it nearly reached $63,976 on July 1, increased selling pressure and continued selling of Bitcoin by the German government forced its price back down to $60,490, reflecting a 3.6% drop.

The cryptocurrency market has seen a significant downturn, with the total market capitalization dropping from $2.49 trillion to $2.21 trillion over the past month. Over the week, Bitcoin (BTC) fell 4.6% to $60,844.77, while Ethereum (ETH) dropped by 7.19% to $2,903.84.

Analyst Jesse Eckel has outlined that his top altcoins are poised to surge by 10x or more in 2024. These picks span various sectors, from crypto AI to gaming to DeFi, offering diverse opportunities.

Frax Finance, a decentralized finance (DeFi) protocol, recently unveiled its Singularity Roadmap. It aims to propel the total value locked (TVL) of its layer 2 blockchain, Fraxtal, to $100 billion by the end of 2026.

Frax sets sights on $100 billion in TVL by 2026 and plans 23 new Layer 3 solutions and new asset launches.

In the past week, bitcoin has risen over 10% and ethereum has seen a growth of more than 7%. Meanwhile, several cryptocurrency assets have posted significant double-digit increases. Notably, beam (BEAM) experienced a surge of over 49%, and kaspa (KAS) enjoyed a 37% uptick in its value within the same timeframe.

Here is how some of your favorite assets concluded the week.

Despite the ongoing correction in the crypto market, opportunities abound for investors. In the spotlight this week is Bitcoin, but the world of altcoins is equally brimming with potential.

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the key $46,000 level on Friday. Ethereum (CRYPTO: ETH), however, moved higher, trading above the key $2,600 mark this morning.

Cryptocurrency analyst Miles Deutscher has provided insights into potential altcoin opportunities as the crypto market experiences a sharp correction and many altcoins consolidate after recent gains. Deutscher's analysis focuses on several altcoins that he believes could be poised for significant upside movement.

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices falling below the $42,000 level on Tuesday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $2,300 mark this morning.

Early Thursday, Frax unveiled sFRAX staking vault, allowing users to take advantage of higher interest rates in the U.S.

With Treasury notes hitting levels not seen since 2007, DeFi protocols tapping the real-world asset trend are on the rise.

In a recent statement, cryptocurrency analyst Miles Deutscher unveiled his weekly watchlist, shedding light on his insights into the market's trends.

Frax Share (FXS) is a cryptocurrency built on BTC standards and adheres to ERC-20 token standards, featuring 18 decimal points on the blockchain platform.

The Convex Finance community has initiated a critical proposal for the adjustment of the FXS Protocol fee structure, with voting now underway.

In a recent turnaround, the cryptocurrency market has witnessed a remarkable resurgence, with both the overall crypto market cap (TOTALCAP) and the pioneer cryptocurrency, Bitcoin (BTC), showing signs of recovery. As investors eagerly observe these developments, one altcoin, Frax Share (FXS), has taken the lead in exhibiting a bullish trend.

Although the majority of the cryptocurrency market has been flashing red in the past few days, some cryptocurrencies have managed to fight through the prevailing bearish sentiment and stand out with their remarkable performance during this time frame.

It has gained significant attention due to its fractional-algorithmic model. The FXS price has increased by 6.66% in the last seven days

BeInCrypto looks at five altcoins that increased the most in this week's crypto market, specifically from June 30 to July 7.

Ouyi OKX, a leading cryptocurrency exchange, has exciting news for crypto enthusiasts. Coincu News

Frax Finance, the cryptocurrency ecosystem behind one of the most important decentralized stablecoins, FRAX, shared the details of its second-layer solution project. It will merge the benefits of Optimistic Rollups and Zero-Knowledge Proofs (ZKPs), two mainstream technologies for Ethereum (ETH) scaling.

These five altcoins had a negative performance even though the crypto market was bullish.

These are the five altcoins that had the most positive performance from the crypto market last week.

Liquid staking is the best-performing crypto sector in the last 24 hours after rallying by more than 15%, according to CryptoSlate data.

Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices surging past the key $28,000 level on Wednesday. Ethereum (CRYPTO: ETH) also moved higher, trading above the key $1,800 mark this morning.

Frax Finance, a stablecoin issuer, has been experiencing massive growth owing to its lending and liquid staking business.

These are the five altcoins that increased the most during bullish week

Scammers decided to explore hype over Frax Finance's reserve token FXS that surprisingly rallied in recent weeks

In the last seven days, the Ethereum-based project Frax Finance is the second biggest winner within the top 100 cryptocurrencies by market cap. With a price increase of 64%, the FXS token is only behind Decentraland (MANA), which has surged 76% within the same period.

The cryptocurrency market has witnessed a 1% rise in value in the past 24 hours, with its total cap reaching $1.02 trillion after a very strong weekend. This figure represents a 17% rise in a week and a 21% gain in a month, as improved US inflation data and other welcome macroeconomic indicators suggest the beginning of the end for 2022's global downturn.

The Shanghai upgrade is fast approaching, and Ethereum whales can't keep calm. Lido finance total value locked (TVL) recently passed that of MakerDAO and today tops the market at $7.6 billion, accounting for 16.96% of the entire DeFi TVL.

The crypto market experienced a massive crash this year.

This article is all about the Frax Share price prediction and why FXS price is rising. Let's take a look at it in more detail.