1. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) gained 143% in six weeks, surging from $260 to over $600 before experiencing a correction. On the weekly chart, BCH price formed an evening star pattern and struggled to stay above $500.
Recently, BCH price retested the critical level of $350 or the 50-day exponential moving average (50D EMA). However, strong buying pressure quickly drove BCH price back up. This successful reversal reflects huge underlying demand and foreshadows the formation of a Morning Star pattern in the weekly Golden Cross.
As the bullish momentum continues to build, the BCH price is currently eyeing the $600 level. The market momentum is expected to continue to increase and the price of this altcoin is expected to touch the $700 threshold.
2. Pepper (PEPE)
Inspired by a popular meme, Pepe has attracted attention for its community-driven approach and viral potential. At the end of May 2024, Pepe's price hit an all-time high of $0.000017, but then fell as bullish momentum waned. Within just one year of its launch, Pepe quickly became the third-largest memecoin with a market cap of $4 billion.
We believe that Pepe is able to attract public interest and generate hype, leading to a significant price increase. Since its inception, Pepe's market capitalization has increased by a staggering 16,590.05%.
With the bullish breakout of $0.00001718, Pepe price is expected to reach new highs if the overall market recovers and bulls push the price above $0.000030. Theoretically, in this bull run, we predict that Pepe may reach the psychological threshold of $0.000070.
3. Ethereum Name Service (ENS)
Ethereum Name Service (ENS) has been making headlines recently. ENS is a decentralized name service built on the Ethereum blockchain that aims to simplify the use of long and complex blockchain addresses by providing human-readable names. Since its launch, ENS has steadily grown in adoption and usage, becoming an important part of the Ethereum ecosystem.
Since December 2023, ENS has performed strongly, rising from $8.81 to $30, an increase of more than 185%, and is expected to reach a new all-time high of $85.69 this year. We believe that as more institutions like BlackRock begin to use Ethereum, demand for ENS will grow, making it a valuable asset.
The most recent announcement from the crypto naming service provider concerns ENSv2. According to their blog, the upgraded version is designed to improve the affordability, flexibility, and scalability of ENS. Initially announced in May, the version is about to be launched and has a significant impact on market prices. However, the developers have not yet revealed the exact release date of this upgrade.
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