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Cryptocurrency: Top 3 Coins to Watch This Week: Mid-June 2024
The cryptocurrency market has not made any major movements in recent days. Bitcoin (BTC) continues to hover below $70,000, while the global cryptocurrency market capitalization has fallen by 0.2% over the past 24 hours, currently sitting at $2.67 trillion.
However, as we enter the third month of the second quarter of 2024, let’s take a 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 two days. However, inflows into BTC spot ETFs (exchange-traded funds) continue to increase. We may see a BTC rally very soon, fueled by renewed interest in BTC ETFs.
Read also: Top 3 cryptocurrencies under $0.10 that could rise in June 2024
According to CoinCodex, BTC will explode this week and reach a new all-time high. The platform expects BTC to reach $74,186 on June 12, 2024, an increase of approximately 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 capitalization. BRETT rallied 77.8% on the weekly chart, 130.7% on the 14-day chart, and nearly 400% from the previous month.
Read also: Top 3 cryptocurrencies are expected to hit all-time highs this month
Memecoins have had a particularly strong year so far, with many hitting all-time highs. BRETT may continue to follow this trend and continue to rise for the time being.
Pepper (PEPE):
Pepe is another frog-themed cryptocurrency that has seen significant gains since its launch in 2023. The asset recently reached an all-time high of $0.00001717 on May 17, 2024.
Despite a 26% decline from its all-time high, analysts expect PEPE to regain momentum. According to CoinCodex, PEPE could reach a new all-time high of $0.00001731 on June 20, 2024, an increase of approximately 39.2% from current levels.
Furthermore, CoinCodex expects PEPE to cross the $0.00004 mark in early July.