Cryptocurrency: Top 3 Coins To Watch This Week: Mid-June 2024
The cryptocurrency market has not made any major movements in the last few days. Bitcoin (BTC) continues to hover under $70,000, while the global crypto market cap has dropped 0.2% in the last 24 hours, currently standing at $2.67 trillion.
Nonetheless, as we enter the third month of the second quarter of 2024, let’s look at three crypto assets to watch this week.
Top 3 cryptocurrencies to watch this week
Bitcoin (BTC):
Bitcoin is the market leader and other assets follow its movements. The original cryptocurrency has not made any major movements in the last couple of days. However, inflows into spot BTC ETFs (exchange-traded funds) continue to rise. We may see a BTC rally very soon, fuelled by renewed interest in BTC ETFs.
Also Read: Top 3 Cryptocurrencies Under $0.10 That May Surge in June 2024
According to CoinCodex, BTC will break out this week and hit a new all-time high. The platform anticipates BTC to hit $74,186 on June 12, 2024, a rise of about 7.1% from current levels.
Brett (BRETT):
Brett is a frog-themed memecoin that has made significant gains since its launch in February 2024. The asset is currently the best-performing cryptocurrency among the top 100 projects by market cap. BRETT has rallied 77.8% in the weekly chart, 130.7% in the 14-day chart, and nearly 400% over the previous month.
Also Read: Top 3 Cryptocurrencies Predicted To Hit All-Time Highs This Month
Memecoins have had a particularly good year so far, with many hitting all-time highs. BRETT might continue to follow this trend and keep rising for the time being.
Pepe (PEPE):
Pepe is another frog-themed cryptocurrency that has seen significant gains since its launch in 2023. The asset recently hit an all-time high of $0.00001717 on May 17, 2024.
Despite a 26% dip since its all-time high, analysts anticipate PEPE to gain momentum again. According to CoinCodex, PEPE could hit a new all-time high of $0.00001731 on June 20, 2024, a rise of about 39.2% from current levels.
Moreover, CoinCodex predicts PEPE to breach the $0.00004 mark in early July.