The cryptocurrency market witnessed a significant rally earlier this year, fuelled by the US SEC’s (Securities and Exchange Commission) historic decision to approve 11 spot Bitcoin (BTC) ETFs (Exchange Traded Funds). However, prices did not hold, and BTC has fallen back to around its 2021 peak.
Nonetheless, many market analysts anticipate another rally this month. Hence, let’s look at three assets predicted to hit all-time highs in June 2024
Top 3 cryptocurrencies that may hit all-time highs in June 2024
Bitcoin (BTC):
BTC is currently down by 6.3% from its March peak of $73,737. However, CoinCodex anticipates the cryptocurrency to reclaim and surpass this level very soon. The platform predicts BTC to hit a new all-time high of $77,230 on June 6, 2024. Moreover, the platform anticipates BTC to continue rallying throughout the month, hitting $89,066 on June 28, 2024.
Hitting $89,066 from current levels would translate to a growth of nearly 29%.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is another popular cryptocurrency that could hit an all-time high this month. SHIB hit its peak of $0.00008616 in October 2021. However, the asset’s price has fallen by 71% from 2021 highs.
Also Read: Top 3 Cryptocurrencies To Watch Under $1 in June 2024
According to CoinCodex, the popular dog-themed cryptocurrency could hit $0.00008488 on July 1, 2024. Reaching $0.00008488 from current levels would translate to a growth of about 239.2%. However, if SHIB reclaims the $0.00008 level, it may hit a new all-time high much faster.
Pepe (PEPE):
PEPE is among the best-performing cryptocurrencies of the last year. The asset recently hit an all-time high of $0.00001717 and continues to show signs of an incoming rally.
Also Read: Top 3 Cryptocurrencies Under $1 That May Hit New Highs in June
According to CoinCodex, PEPE will continue to rally throughout June, hitting $0.00001768 on June 7, 2024. Moreover, the platform anticipates PEPE to hit $0.00004600 by the end of this month.