The cryptocurrency market underwent a correction over the weekend, with the global market cap falling to $2.48 trillion. The price dip could be due to Iran’s attack on Israel, which has impacted global economics. Furthermore, rising inflation in the US has also led to investors becoming weary of risky assets, such as crypto.
However, with Bitcoin’s (BTC) halving just around the corner, we may witness a rebound in the crypto markets.
Top 3 cryptocurrencies that could hit all-time highs this week
Bitcoin (BTC):
BTC has faced a 4.9% correction in the weekly charts, with prices falling to around $66.4k. However, with the asset undergoing its next halving cycle later this month, we may witness a sudden rally.
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According to CoinCodex, BTC will hit a new all-time high of $74,621 on Apr. 20, 2024. Reaching $74,621 from current levels would translate to a growth of about 12.31%.
Furthermore, CoinCodex predicts BTC to continue surging over the next few weeks. The platform anticipates the cryptocurrency to hit $85,986 by mid-May 2024. Reaching $85,986 from current levels would translate to a growth of about 29.4%.
Toncoin (TON):
TON is one of the best-performing cryptocurrencies right now. The asset is up by 10.2% in the daily charts, 28.2% in the weekly charts, 34.5% in the 14-day charts, and 85.6% over the previous month. TON’s recent surge could be due to positive ecosystem developments within the project. The asset recently overtook Dogecoin (DOGE) as the 9th largest cryptocurrency by market cap.
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Although TON recently hit an all-time high of $7.63 on Apr. 11, CoinCodex anticipates the asset to hit a new high this week. The platform predicts TON to hit $7.94 on Apr. 18, 2024. Furthermore, CoinCodex expects TOn to continue surging over the next few weeks, hitting $23.86 on May 13, 2024.
dogwifhat (WIF):
WIF is another cryptocurrency that is expected to hit an all-time high soon. The asset recently hit a new high of $4.83 on Mar. 31, 2024. However, according to CoinCodex, WIF could hit a new high next week. According to the platform, WIF could surge to $4.87 on Apr. 28, 2024.
Furthermore, CoinCodex anticipates the cryptocurrency to continue surging over the next few weeks, hitting $10.29 on May 13, 2024.