After a significant rally yesterday, the cryptocurrency market seems to be cooling off once again. Bitcoin (BTC) has fallen to the $69,000 mark, while the global market cap has dropped to $2.72 trillion. The rally was fuelled by positive movements in the spot Ethereum (ETH) ETF (Exchange Traded Fund) debate. The SEC (Securities and Exchange Commission) asked exchanges interested in the ETF to update their 19b-4 filings. However, the move did not mean an outright approval, leading to a market correction.
Despite the slight correction, we may witness a few assets explode over the next few weeks.
Top 3 meme cryptocurrencies that could explode in June 2024
Pepe (PEPE):
Pepe is among the best-performing crypto assets over the last year. The frog-themed memecoin hit an all-time high of $0.00001441 on Thursday, May 23, 2024. However, analysts anticipate the memecoin to continue its bullish trajectory for the next few weeks at least.
Also Read: Top 3 Cryptocurrencies That May Hit All-Time Highs In June 2024
According to CoinCodex, PEPE could surge to $0.00004858 on June 20, 2024. Reaching $0.00004858 from current levels would translate to a growth of about 242.3%.
Changelly also predicts that PEPE will continue its rally in June. The platform anticipates the cryptocurrency to hit a new all-time high of $0.00003749 on June 18, 2024.
dogwifhat (WIF):
WIF is another cryptocurrency that has displayed stellar growth over the last few months. The Solana-based memecoin reached an all-time high of $4.83 on Mar. 31, 2024. However, CoinCodex predicts WIF to surpass the $10 mark next month. The platform anticipates WIF to hit $10.03 on June 19, 2024. Reaching $10.03 from current levels would translate to a growth of about 235.45%.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. The dog-themed crypto witnessed a massive price spike in March, following BTC’s climb to a new all-time high. However, SHIB’s price has struggled to gain momentum over the last few weeks.
Also Read: Shiba Inu: Top 3 Things That Can Take SHIB To $0.001
According to CoinCodex, SHIB could surge to a new all-time high of $0.00008625 on June 20, 2024. Reaching $0.00008625 from current levels would translate to a growth of about 239.1%.
