The cryptocurrency market seems to be on the verge of entering a 2021-like bull run. Most top projects are witnessing double-digit gains in the weekly charts. Moreover, the global crypto market cap has surpassed the $2.45 trillion level.
The latest market-wide rally has rejuvenated investor hopes of many assets reclaiming their all-time highs. Hence, let’s look at three crypto projects that could hit a new all-time high in the next month.
Top 3 cryptocurrencies that could hit all-time highs in March 2024
Bitcoin (BTC):
Bitcoin (BTC) is currently leading the market rally, with other assets following behind. BTC has reclaimed the $62k level for the first time since 2021, over two years ago. The original cryptocurrency has rallied 6.4% in the daily charts, 20.4% in the weekly charts, and nearly 44% over the previous month.
BTC is down by only 8.6% from its all-time high of $69,044, which it attained in November 2021. There is a high probability that BTC will continue its bullish trajectory over the next month. Moreover, the asset will undergo its next halving cycle in April, which many consider a bullish event.
Also Read: Top 3 Cryptocurrencies That Could Skyrocket in The Next Bull Run
BTC’s rally is likely due to institutional funds flowing into spot BTC ETFs (Exchange Traded Funds), which were approved by the US SEC (Securities and Exchange Commission) in January.
Ethereum (ETH):
Ethereum (ETH) is the second-largest cryptocurrency, which follows BTC’s price movements. ETH is currently up by 4.1% in the daily charts, 16.5% in the weekly charts, and more than 50% over the previous month.
Ethereum (ETH) is currently down by 29% from its all-time high of $4,878.26, which it attained in November 2021. If BTC continues its bullish trajectory in March, ETH may hit a new all-time high.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is another popular cryptocurrency that could soon hit a new all-time high. With BTC nearing its 2021 peak, SHIB could rally 800% to hit $0.00012. A similar pattern was seen during the 2021 bull run, and SHIB fans are hopeful it could happen again this year.