The cryptocurrency market is stagnating after a brief rally last week following the SEC’s (Securities and Exchange Commission) approval of the Spot Ethereum (ETH) ETF (Exchange Traded Fund). Bitcoin (BTC) continues to trade below $68,000, while the global crypto market cap has fallen 1.2% in the last 24 hours to $2.69 trillion.
While significant assets are in a slump, some coins are gearing up for new highs. Let’s look at three coins that could hit new all-time highs in June 2024.
Top 3 cryptocurrencies that could hit new highs in June 2024
Pepe (PEPE):
PEPE is among the best-performing crypto assets in 2024. Since its launch in 2023, the frog-themed coin’s price has surged by almost 30,000%. PEPE hit an all-time high of $0.00001717 yesterday, but prices have fallen by about 6.6% since yesterday’s highs. PEPE has rallied by more than 117% over the previous month.
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According to CoinCodex, the frog-themed cryptocurrency will continue its bullish trajectory throughout June. The platform anticipates PEPE to hit $0.00005532 on June 25, 2024. Reaching $0.00005532 from current levels would translate to a growth of about 243.8%.
Changelly also paints a bullish picture for PEPE over the next few weeks. The platform predicts PEPE to hit $0.00005573 on June 24, 2024.
Bonk (BONK):
BONK is another cryptocurrency that has witnessed incredible growth over the last year. The asset hit an all-time high of $0.00004547 on Mar. 4, 2024, about three months ago. BONK’s price has since fallen by nearly 17%.
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According to CoinCodex, BONK may surpass its March peak next month. The platform predicts BONK to delete a zero and hit $0.000133 on June 25, 2024. Reaching $0.000133 from current levels would translate to a growth of nearly 247%.
Floki (FLOKI):
Floki (FLOKI) is another meme cryptocurrency that may hit a new all-time high in June. FLOKI is currently down by 19% from its all-time high of $0.0003365, which it attained in November 2021, over two years ago.
According to CoinCodex, FLOKI could surge to $0.000926 on June 25, 2024. Reaching $0.000926 from current levels would translate to a growth of about 240.8%