Top Cryptocurrencies to Follow This Week: Binance Coin, Cronos, ZetaChain
Over the weekend, cryptocurrency prices experienced a modest increase as investors displayed a risk-on attitude following Friday’s rally in the US stock market.
Bitcoin (BTC) remained stable above $84,000, contributing to a market cap that surpassed $2.8 trillion across all cryptocurrencies.
This week, the crypto market is poised for two significant catalysts: the tariffs proposed by President Donald Trump and the decisions regarding interest rates from the Federal Reserve. Any indication of Trump softening his stance on tariffs and a more accommodating Fed could boost cryptocurrencies and other high-risk assets.
The leading cryptocurrencies to monitor this week include Binance Coin (BNB), Cronos (CRO), and ZetaChain (ZETA).
BNB
This week, BNB’s price will come under scrutiny as developers implement the Pascal hard fork on March 20. This marks one of three upgrades planned for the first half of the year, bringing new features such as enhanced compatibility with Ethereum, native smart contract wallets, and improved security.
The remaining upgrades will enhance BNB Chain’s speed and security. This development positions BNB Chain as a strong alternative to Ethereum (ETH) and Solana (SOL). While Ethereum faces high fees and slower speeds, the Solana network has become largely associated with meme coins.
Cronos
A pivotal vote for Cronos will conclude on March 17, aimed at establishing the Cronos Strategic Reserve by reversing a 70 billion token burn executed in 2021.
If the vote passes, Cronos will mint 70 billion new tokens to form a reserve intended to bolster the ecosystem. However, critics warn that this could dilute existing investors’ holdings due to the increased supply.
Current voting data indicates that 45.8% of participants support the proposal, while 44.4% oppose it, and 9.27% have chosen to abstain. Should the voting results remain unchanged, the proposal will be rejected as turnout falls short of the required quorum.
ZetaChain
ZetaChain has emerged as another cryptocurrency to monitor, particularly after its price plummeted to a record low of $0.2070. This represents a staggering decline of over 92% from its all-time high, resulting in a market cap of $151 million.
The price drop can be attributed to the significant reduction in total value locked in its ecosystem, which has fallen to $13 million from nearly $20 million at its peak.
Additionally, ZetaChain is seen as highly dilutive, possessing a circulating supply of 731 million compared to a total supply of 2.1 billion. This week, the network plans to unlock tokens worth over $6.6 million, accounting for 4.29% of the available float. Cryptocurrencies often experience volatility surrounding major unlock events.