The cryptocurrency market seems to be slowly climbing, with Bitcoin (BTC) reclaiming the $68,000 level. The global crypto market cap has also risen by 0.8% in the last 24 hours, currently at $2.7 trillion. The market took a beating last week after Mt. Gox transferred $9 billion worth of Bitcoin (BTC) to reimburse creditors. Market participants feared a sell-off, leading to a plunge.
Nonetheless, as we enter the last month of Q2 2022, let’s look at three assets to watch this week.
Top 3 cryptocurrencies to watch this week
Bitcoin (BTC):
Bitcoin (BTC) is the current market leader, and other cryptocurrencies follow its lead. The asset hit an all-time high of $73,737 on Mar. 4, 2024. However, BTC’s price has fallen by nearly 7% from its peak.
According to CoinCodex, BTC could surpass its previous peak this week. The platform predicts BTC to rally throughout this month. According to CoinCodex, the original cryptocurrency will hit $77,195 on Friday, June 7, 2024. Reaching $77,195 from current levels would translate to a growth of about 12.24%.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the popular cryptocurrencies that may surge this week. According to CoinCodex, SHIB could breach the $0.00003 level this week, hitting $0.00003216 on Friday, June 7, 2024. Reaching $0.00003216 from current levels would translate to a growth of about 29.6%.
Furthermore, CoinCodex predicts SHIB to continue rallying this month, hitting a high of $0.00008412 on June 30, 2024.
Pepe (PEPE):
PEPE is among the best-performing cryptocurrencies this year. The asset hit an all-time high of $0.00001717 on May 27, 2024. However, the frog-themed crypto has dipped by 12.6% since its May peak.
According to CoinCodex, PEPE could hit a new all-time high this week. The platform anticipates PEPE to reach $0.00001768 on June 7, 2024. Reaching $0.00001768 from current levels would translate to a growth of about 17.71%.
