The cryptocurrency market witnessed a healthy turnaround over the last few days. Bitcoin (BTC) once again reclaimed the $100,000 and is currently testing the $104,000 price point. Many assets have seen double-digit percentage gains over the last week. Some crypto assets have rallied by more than 100% as well.
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Cryptocurrencies Surge Amid Trade Deals
The latest market rally came after the US announced several new trade deals with its partners. The US-UK and US-China trade deals in particular sent the markets into the green zone.
Cryptocurrencies have seen a surge in institutional investments over the last few weeks. BlackRock, the world’s largest asset manager, purchased billions of dollars worth of Bitcoin (BTC). The original crypto’s massive surge is a likely outcome of the rise in institutional inflows.
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The cryptocurrency market has also seen some other bullish developments. The SEC’s round table meeting is another bullish development. There is also a high chance that the Federal Reserve will cut interest rates soon. A rate cut could lead to another market-wide rally.
Top 3 Cryptocurrencies Predicted To Rally More Than 100%
1. Pi Coin (Pi Network/PI)
PI has seen a significant price surge over the last few days. According to CoinCodex, PI may trade at $6.19 on June 21. Hitting $6.19 will be a new all-time high for the cryptocurrency. PI’s price will rally about 420% if it hits the $6.19 target.
2. Dogwifhat (WIF)
WIF is another cryptocurrency making waves in the market right now. The asset is predicted to hit a new peak of $5.12 on June 21. WIF’s price will rally by 365.4% if it hits the $5.12 target.
3. Bonk (BONK)
BONK is another dog-themed cryptocurrency that could experience a skyrocketing rally in the coming weeks. CoinCodex analysts anticipate the asset to trade at a new all-time high of $0.000122 on June 21. BONK’s price will rise by 418.2% if it hits the $0.000122 target.
Also Read: Standard Chartered Taps FalconX to Boost Institutional Crypto Flow
