The cryptocurrency market seems to be stagnating after a brief rally on Thursday. Bitcoin (BTC) is showing signs of consolidation at around $65,000. On the other hand, the global crypto market cap has fallen 0.5% in the last 24 hours and currently sits at $2.49 trillion.
However, with US inflation figures coming in lower than expected, we may witness a surge in the crypto market soon. Hence, let’s look at three crypto assets to watch this weekend.
Top 3 cryptocurrencies to watch this weekend
Bitcoin (BTC):
BTC is the market leader, and most other assets follow its trajectory. BTC witnessed a brief rally on Thursday after the revelation of the US inflation figures. However, the asset seems to have consolidated at current levels, just above $66,000.
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According to CoinCodex, BTC’s price could surge to $69,759 on Sunday, May 19, 2024. Reaching $69,759 from current levels would translate to a growth of about 5.47%. Furthermore, CoinCodex anticipates BTC to continue its bullish trajectory for the rest of the month. The platform anticipates the original cryptocurrency to hit a new all-time high of over $77,000 by the end of this month.
Changelly, on the other hand, is far more bullish on BTC. The platform predicts BTC to hit a new all-time high of $74,666 on Sunday, May 19, 2024.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is another popular cryptocurrency that could witness a rally this weekend. According to CoinCodex, SHIB could surge to $0.00002571 on Sunday, May 19, 2024. Reaching $0.00002571 from current levels would translate to a growth of about 3.3%.
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However, CoinCodex anticipates SHIB to continue rallying throughout this month. The platform predicts SHIB to hit $0.00004167 on May 31, 2024.
Pepe (PEPE):
PEPE has been among the best-performing cryptocurrencies of the previous year. However, the popular memecoin has shown extraordinary performance over the last few days. According to CoinCodex, PEPE could hit $0.00001078 on Sunday, May 4, 2024.
Furthermore, CoinCodex predicts PEPE to hit a new all-time high of $0.00001751 by the end of this month.