The cryptocurrency market seems to be rebounding, with Bitcoin (BTC) rising 3% in the last 24 hours to the mid-$56,000 level. Other assets follow BTC’s lead, making slight gains in the daily charts. The global crypto market cap, on the other hand, has risen 1% in the last 24 hours to $2.08 trillion.
While the market shows recovery signs, let’s examine three assets under 50 cents that could explode in the next bull run.
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Top 3 Cryptocurrencies Under 50 Cents That Could Rally in The Next Bull Run
1. Pepe (PEPE)
PEPE has displayed incredible performance since its launch in April 2023. The asset has quickly climbed the ranks and is currently the 30th largest crypto project by market cap.
PEPE is down by nearly 57% from its all-time high of $0.00001717, which it attained on May 27, 2024. CoinCodex analysts anticipate the cryptocurrency to hit a new peak of $0.00002504 on Oct. 8, 2024. Hitting $0.00002504 from current price levels would translate to a rally of nearly 238%.
2. Shiba Inu (SHIB)
SHIB is one of the most popular cryptocurrencies on the market, but it has faced significant hurdles over the last few months.
SHIB is down more than 84% from its all-time high of $).00008616, which it attained in October 2021. According to CoinCodex researchers, the meme cryptocurrency could rise to $0.00002882 on Sept. 15, 2024, a 114.5% rally from current levels. The platform does not anticipate the asset’s price holding, predicting a correction soon after.
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The SHIB team is developing a new burn mechanism to help the asset reach a new all-time high during the next bull run.
3. Bonk (BONK)
BONK is another cryptocurrency that has performed exceptionally well over the last year. The asset hit an all-time high of $0.00004547 in March this year but has since fallen by 62%.
According to CoinCodex, BONK could hit a new peak of $0.00005798 on Oct. 8, 2024. Hitting $0.00005798 from current price levels would translate to a rally of about 232.6%.
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