The cryptocurrency market seems to be slowly climbing, with Bitcoin (BTC) reclaiming the $68,000 level. The global crypto market cap has also risen by 0.8% in the last 24 hours, currently at $2.7 trillion. The market took a beating last week after Mt. Gox transferred $9 billion worth of Bitcoin (BTC) to reimburse creditors. Market participants feared a sell-off, leading to a plunge.
Nonetheless, as we enter the last month of Q2 2022, let’s look at three assets to watch this week.
Top 3 cryptocurrencies to watch this week
Bitcoin (BTC):
Bitcoin (BTC) is the current market leader, and other cryptocurrencies follow its lead. The asset hit an all-time high of $73,737 on Mar. 4, 2024. However, BTC’s price has fallen by nearly 7% from its peak.
Also Read: Top 3 Cryptocurrencies To Watch Under $1 in June 2024
According to CoinCodex, BTC could surpass its previous peak this week. The platform predicts BTC to rally throughout this month. According to CoinCodex, the original cryptocurrency will hit $77,195 on Friday, June 7, 2024. Reaching $77,195 from current levels would translate to a growth of about 12.24%.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the popular cryptocurrencies that may surge this week. According to CoinCodex, SHIB could breach the $0.00003 level this week, hitting $0.00003216 on Friday, June 7, 2024. Reaching $0.00003216 from current levels would translate to a growth of about 29.6%.
Also Read: Top 3 Cryptocurrencies Under $1 That May Hit New Highs in June
Furthermore, CoinCodex predicts SHIB to continue rallying this month, hitting a high of $0.00008412 on June 30, 2024.
Pepe (PEPE):
PEPE is among the best-performing cryptocurrencies this year. The asset hit an all-time high of $0.00001717 on May 27, 2024. However, the frog-themed crypto has dipped by 12.6% since its May peak.
According to CoinCodex, PEPE could hit a new all-time high this week. The platform anticipates PEPE to reach $0.00001768 on June 7, 2024. Reaching $0.00001768 from current levels would translate to a growth of about 17.71%.