The cryptocurrency market seems to be picking up the pace this week. Most major assets are trading in the greens, with the global crypto market cap gaining 4.1% in 24 hours to $2,41 trillion. Bitcoin is leading the pack with 4.6% gains in 24 hours while reclaiming the $62,000 level.
The latest market rejuvenation could be due to an increase in the open interest for top crypto projects. There is also a chance that the market has responded positively to Donald Trump getting elected as US President in the upcoming elections. Trump has been very vocal about his support for the cryptocurrency sector, even accepting crypto for his campaigns.
With that said, let’s look at three assets you should watch this week.
Top 3 cryptocurrencies to watch in mid-July
Bitcoin (BTC):
BTC is the market leader and has made some serious gains over the weekend. The asset is up 13.6% in the weekly charts but is down by more than 5% over the previous month.
Also Read: Top 3 Cryptocurrencies That Could Hit ATH Post Ethereum ETF
CoinCodex data shows that the original cryptocurrency could hit a new all-time high this month, surpassing the $75,000 mark. The platform also predicts the asset to hit $82,000 next month.
Shiba Inu (SHIB):
SHIB is a popular memecoin that is also following the market recovery trend. SHIB is up 4.1% in the daily charts, 13.4% in the weekly chart, and 4.8% in the 14-day charts. SHIB continues to glow red in the monthly chart, falling by nearly 13% in the last 30 days.
Also Read: Cryptocurrency: Top 3 Coins That Can Bring Generational Wealth
CoinCodex researchers paint a bullish picture for SHIB over this week. The platform anticipates the dog-themed cryptocurrency to hit $0.00003995 on July 20, 2024.
VeChain (VET):
VET has also made a remarkable recovery over the weekend. It is currently one of the few cryptocurrencies that is green across the board. The asset is up 8.3% in the daily chart, 32.8% in the weekly chart, 14.7% in the 14-day chart, and 7.8% over the previous month.