The cryptocurrency market continues to stagnate with Bitcoin (BTC) trading below $68,000, and the global market cap at $2.58 trillion. Given that inflation in the US came in lower than expected for May 2024, it is unexpected that the crypto market has not made any positive movements. However, expectations for an interest rate cut early in 2024 have become dim. This may have led to investors becoming cautious with risky assets, such as crypto.
However, let’s discuss three crypto assets that you could watch this weekend.
Top 3 cryptocurrencies to watch this weekend
Bitcoin (BTC):
BTC is the crypto market leader. Any movements made by the original crypto most likely will trickle down to other assets. Hence, investors and traders should keep an eye on BTC’s price.
CoinCodex data shows that BTC could climb to a new all-time high this weekend. The platform predicts the original cryptocurrency to rise to $76,176 on Sunday, June 16, 2024, a rally of 12.9% from its current price levels.
Source: CoinCodex
Also Read: Cryptocurrency: Top 3 Coins That Can Bring Generational Wealth
If Bitcoin (BTC) surges to a new peak, we may witness another market-wide rally, like we did in March of this year.
Shiba Inu (SHIB):
Source: Twitter
SHIB had quite a run in March, climbing to the 12th spot in the charts. Yet, the popular cryptocurrency has faced a substantial price correction in the past few days. SHIB has fallen by 16% in the last seven days, over 22% in the 14-day chart, and 9.1% over the previous month.
Regardless of the recent price dip, the dogcoin may rally over the coming weekend. CoinCodex data says SHIB could rise to $0.00002414 on Sunday, June 16, 2024. Hitting $0.00002414 will lead to a growth of 11.8%.
Source: CoinCodex
Pepe (PEPE):
Source: Twitter
PEPE has had an explosive year since its launch in April 2023. The frog-themed cryptocurrency rose by over 1200% in the yearly chart. Moreover, PEPE recently reached a peak of $0.00001717 in mid-May 2024.
Also Read: Top 3 Cryptocurrencies Under $0.10 That May Surge in June 2024
Although the memecoin underwent a price dip recently, CoinCodex data suggests that the cryptocurrency could rally over the coming weekend. PEPE is predicted to hit $0.00001606 on Sunday, June 16, 2024.
Source: CoinCodex