The cryptocurrency market seems to be rebounding from its recent dip. Bitcoin (BTC) has reclaimed the $60,000 level, while the global market cap has risen 3% to $2.23 trillion. Most significant assets are trading in the green, recovering losses over the last weekend.
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Top 3 Cryptocurrencies That Could Skyrocket This Year
1. Pepe (PEPE)
Pepe is one of the best-performing crypto assets of the last year. Launched in April 2023, the frog-themed meme coin has come a long way in just over a year of its debut.
The meme coin has quickly climbed the charts and currently ranks 27th among the top projects by market cap.
CoinCodex data suggests Pepe could hit a new all-time high soon. The platform predicts the cryptocurrency to hit $0.00002794 on Sept. 10, 2024.
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2. Shiba Inu (SHIB)
SHIB is another popular meme coin with incredible growth since its launch. The asset hit an all-time high in October 2021 but fell by over 80%.
SHIB is an incredibly popular cryptocurrency with a loyal fanbase. The asset may climb to a new yearly high if the market environment improves.
CoinCodex data suggests Shiba Inu could reach $0.00001361 by September 10, 2024.
3. Popcat (POPCAT)
POPCAT is another meme coin that has seen explosive growth over the last few months but has faced a significant correction over the previous few weeks.
The asset briefly climbed into the top 100 projects by market cap but has since slipped to the 117th position.
POPCAT might recover very soon, given that meme coins may witness incredible growth this cycle.
CoinCodex data suggests Popcat could reach $1.872 by September 10, 2024.
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Why the Sudden Rebound for These Coins?
The rebound follows the release of the US inflation data, which suggested that inflation may be cooling more than anticipated, leading to rejuvenated hopes about an interest rate cut this year.