The cryptocurrency market is showing signs of recovering from its recent slump. Bitcoin (BTC) has successfully undergone its halving cycle, ushering in some bullishness in the market. The global crypto market cap has also risen by 1.4% in the last 24 hours, currently at $2.55 trillion.
With that said, let’s look at three crypto assets you could watch this week.
Top 3 cryptocurrencies to watch this week
Bitcoin (BTC):
Bitcoin (BTC) is the current market leader, and other assets follow its trajectory. Therefore, it makes sense to keep an eye on the original crypto. BTC has made a significant turnaround after falling to just above $60,000 earlier this month. However, the halving event may have helped BTC reclaim the $66,000 level.
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According to CoinCodex, BTC will continue to rally over the next few weeks, hitting a new all-time high of $74,594 on Apr. 26, 2024. Moreover, the platform anticipates BTC to surpass the $80,000 in May.
Shiba Inu (SHIB):
Shiba Inu (SHIB) has witnessed a 1.2% correction in the daily charts, a 4.2% correction in the 14-day charts, and a 0.4% correction over the previous month. However, the asset is up 19.3% in the weekly charts.
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According to CoinCodex, SHIB may enter a bullish phase over the next few weeks. The platform anticipates SHIB to hit $0.00003952 on Apr. 29, 2024. Furthermore, the platform predicts SHIB to hit a new all-time high of $0.00009 by May 20, 2024.
Toncoin (TON):
TON was one of the best-performing cryptocurrencies in the market. The asset hit a new all-time high of $7.63 on Apr. 11, 2024. While TON has faced a 13.3% correction in the weekly charts, the asset is still up by 13.5% in the 14-day charts, and 31.8% over the previous month.
According to CoinCodex, TON will continue its bullish trajectory over the next few weeks. The platform predicts TON to hit a new all-time high of $8.05 on Apr. 27, 2024. Moreover, CoinCodex anticipates TON to breach the $10 mark early next month.