The cryptocurrency market seems to be consolidating at current levels. Bitcoin (BTC) is holding steady at around $69,000, while the global crypto market cap stands at $2.7 trillion.
However, with the market not making any major movements, new investors may want to jump onboard the crypto bandwagon. Therefore, let’s look at three crypto assets that could surge this month.
Top 3 cryptocurrencies that could surge in June 2024
Pepe (PEPE):
Pepe is among the best-performing crypto assets this year. Although the memecoin is down by 6.8% in the daily charts and 14.3% in the weekly charts, its price has risen by 27.7% in the 14-day chart and 66.4% over the previous month.
Also Read: Top 3 Cryptocurrencies Predicted To Hit All-Time Highs This Month
According to CoinCodex, Pepe will hit a new all-time high of $0.00001841 on June 9, 2024, a rise of about 29.5% from current levels. Moreover, the platform anticipates the cryptocurrency to surge to $0.00004104 by the end of the month. Reaching $0.00004104 from current levels would translate to a growth of nearly 189%.
Shiba Inu (SHIB):
SHIB is another popular cryptocurrency that may witness a rally this month. The asset is currently down across the board, falling 5% in the daily charts, 5% in the weekly charts, 6.7% in the 14-day charts, and 3.8% over the previous month.
Also Read: Top 3 Cryptocurrencies To Watch Under $1 in June 2024
Despite the latest correction, some analysts anticipate SHIB to surge in June 2024. According to CoinCodex, the cryptocurrency will hit $0.00007155 on June 30, 2024. Reaching $0.00007155 from current levels would translate to a growth of about 200%.
Furthermore, CoinCodex predicts SHIB to surpass the $0.00008 level in early July. Hitting $0.00008 could lead to SHIB hitting a new all-time high as well.
Bonk (BONK):
BONK is another cryptocurrency that has displayed incredible performance this year. The Solana-based memecoin has faced a significant correction over the last few days, falling 7.7% in the daily charts and 20.2% in the weekly charts. However, the asset is still up by 2.1% in the 14-day charts and 18.7% over the previous month.
According to CoinCodex, BONK could surge to $0.00009339 on June 30, 2024, a rise of over 191% from current levels.