The cryptocurrency market has faced a significant price dip over the last month. Bitcoin (BTC) has fallen to the $95,000 price level. The original crypto is struggling to reclaim the $100,000 mark. The global crypto market cap has fallen 3.4% in the last 24 hours to $3.26 trillion.
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Is Argentine President Responsible for the Latest Cryptocurrency Dip?
The current cryptocurrency market correction comes amid controversies regarding Argentine President Javier Milei’s connection to the Libra memecoin launch. Many accuse the President of promoting a scam project. The incident is now being called “Libragate.” President Milei has denied promoting the coin.
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The cryptocurrency market previously faced hurdles from macroeconomic factors and trade wars. The current dip marks another substantial hurdle for the crypto market. Despite the lackluster performance, some assets may rally to new all-time highs. Let’s have a look.
Top 3 Cryptocurrencies Predicted To Rally More Than 100%
1. Binance Coin (BNB)
BNB hit an all-time high of $788.84 on Dec. 4, 2024. The cryptocurrency has fallen by 17.4% from its all-time high. According to CoinCodex, BNB will hit a new peak of $2227.40 on May 11. If successful, BNB will rally by 242.48%.
2. Dogecoin (DOGE)
DOGE hit an all-time high of $0.7316 on May 8, 2021, nearly four years ago. The cryptocurrency has fallen by 64.7% from its 2021 peak. According to CoinCodex data, DOGE will hit a new all-time high of $1.119991 on Mar. 17. The asset will rally by about 348% if it hits $1.119991.
3. Pepe (PEPE)
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PEPE hit an all-time high of $0.00002803 on Dec. 9, 2024. The meme cryptocurrency’s price has fallen by 66.2% from its peak. According to CoinCodex, PEPE will rally by 393.9% and hit $0.00004709 on Mar. 28.
