The cryptocurrency market seems to be in a slump. The global market cap has fallen by nearly 1% in the last 24 hours and currently sits at $2.35 trillion. The dip could be due to macroeconomic reasons, such as high inflation and fading expectations of an interest rate cut. Moreover, rising global geopolitical tensions may have added to investor fears.
Nonetheless, let’s look at three crypto assets that could surge this week.
Top 3 cryptocurrencies that could rally this week
Bitcoin (BTC):
Bitcoin (BTC) seems to have consolidated at around $61,000. However, there is a possibility that the original crypto will rally this week. According to CoinCodex, BTC could rise to $70,687 on May 18, 2024. Reaching $70,687 from current levels would translate to a growth of about 15.24%.
Also Read: Cryptocurrency: Top 3 Memecoins To Watch in Mid-May 2024
Changelly also paints a bullish picture for BTC this week. The platform anticipates the original cryptocurrency to hit $72,167 on May 18, 2024. Reaching $72,167 from current levels would translate to a growth of about 17.66%.
Furthermore, both platforms predict BTC to hit a new all-time high sometime next week.
XRP:
XRP is one of the most popular cryptocurrencies in the market. However, the asset has struggled to gain momentum, likely because of Ripple’s ongoing lawsuit with the SEC (Securities and Exchange Commission). However, CoinCodex anticipates XRP to hit $0.66 on May 17, 2024.
Also Read: Cryptocurrency: Top 3 Coins Under $0.50 That Can Be Doubled in May
Changelly also paints a bullish picture for XRP this week. The platform anticipates the cryptocurrency to hit $0.680373 on May 15, 2024.
Shiba Inu (SHIB):
SHIB is another popular asset that could rally this week. According to CoinCodex, SHIB could hit $0.00002889 on May 18, 2024. Moreover, the platform anticipates SHIB to continue rallying into June 2024.
Changelly also anticipates SHIB to rally over the next few weeks. The platform predicts SHIB to hit $0.00003378 on May 18, 2024.