The cryptocurrency market has witnessed a significant correction over the last few days, with Bitcoin (BTC) falling below $62,000. The global market cap dipped 2.5% in the previous 24 hours, currently at $2.36 trillion.
However, with BTC’s halving just around the corner, let’s look at three crypto assets investors should watch this weekend.
Top 3 cryptocurrencies to watch this weekend
Bitcoin (BTC):
Bitcoin (BTC), the original crypto, is expected to undergo its next halving cycle either on the 19th or 20th of this month. Halvings are considered bullish as they reduce the supply of an asset. Historically, the crypto market has always rallied following BTC’s halving. A similar pattern might play out this time as well.
According to CoinCodex, the original cryptocurrency could surge to $69,604 on Sunday, Apr. 21, 2024. Hitting $69,604 from current levels would translate to a growth of about 13.06%.
Also Read: Top 3 Cryptocurrencies That May Hit All-Time Highs In Q2 2024
Furthermore, CoinCodex predicts BTC to hit a new all-time high of $82,964 on May 15, 2024. Reaching $82,964 from current levels would translate to a growth of about 34.76%.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is another popular cryptocurrency that could surge following BTC’s halving. According to CoinCodex, SHIB could surge to $0.00002506 on Sunday, Apr. 21, 2024. Reaching $0.00002506 from current levels would translate to a growth of about 14.85%.
Furthermore, CoinCodex anticipates the dog-themed crypto to hit $0.00007560 on May 16, 2024.
Toncoin (TON):
TON is another cryptocurrency that has witnessed massive gains over the last few weeks. The asset recently hit an all-time high of $7.63 on Apr. 11, 2024. According to CoinCodex, TON will continue to surge over the next few weeks, hitting $19.68 on May 16, 2024.
