The cryptocurrency market seems to be rebounding from its recent dip. Bitcoin (BTC) has reclaimed the $62,000 level, and the global crypto market cap has risen 1.8% to $2.24 trillion. The current resurgence could be the start of another bullish outbreak.
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Why Is The Crypto Market Up Today?
The current market reversal could be due to the Federal Reserve announcing a 50 basis-point interest rate cut. The move marks the first interest rate cut for the US in four years.
Rate cuts usually lead to investors taking on more risks with an ease of borrowing. This development may have led to more inflows in the cryptocurrency sector.
With that said, let’s look at three crypto assets you should watch this weekend.
Top 3 Cryptocurrencies To Watch This Weekend
1. Pepe (PEPE)
PEPE is experiencing quite the turnaround. The asset is up 6.7% in the last 24 hours and 5.9% over the previous week.
CoinCodex analysts anticipate the frog-themed cryptocurrency’s continued rally over the next few weeks. The platform predicts PEPE will hit $0.0000089 on Sunday, Sept. 22, 2024. A rally of about 15.58% will result from hitting $0.0000089 from current price levels.
2. Dogwifhat (WIF)
WIF is another popular cryptocurrency that has grown tremendously over the last year. The asset is up 8.8% in the last 24 hours and 6.9% over the previous week.
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CoinCodex data suggests the dog-themed cryptocurrency will continue its bullish trajectory over the next few weeks. The platform anticipates the asset to hit $1.80 on Sunday, Sept. 22, 2024, a rise of about 7.8% from current levels.
3. Bonk (BONK)
BONK is a popular meme cryptocurrency that has not witnessed the same level of rebound as PEPE and WIF. The asset is up 3.1% in the daily charts and 1.4% in the weekly charts. Despite the slow turnaround, BONK could bring massive returns in the long run.
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CoinCodex analysts anticipate BONK to hit $0.00001909 on Sunday, Sept. 22, 2024, a rise of about 11.51% from current levels.
