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Top 3 Coins to Watch for End of June 2024
The cryptocurrency market is witnessing a bloodbath. The market decline is most likely due to miners’ capitulation, a shortage of new money, investor fatigue and withdrawals from exchange traded funds (ETFs). The affordable prices can offer existing investors a fantastic opportunity to grow their holdings, or they could be a great entry point for new investors.
Let’s take a look at three crypto assets to watch for the end of June 2024.
The 3 best cryptocurrencies to watch at the end of June 2024
Bitcoin:
Cryptographic analyst Ali Martinez claims that Bitcoin has returned to the oversold zone and may exit its current trajectory. Last week, the average Bitcoin mining cost surpassed $86,000, indicating that the price of a single Bitcoin will also rise above this threshold. Martinez also pointed out that over the past two years, Bitcoin has approached the oversold zone three times and has recovered at least 60% each time.
Read also: Cryptocurrency: Top 3 Coins to Watch This Week
A trend reversal for BTC could spread to other assets, leading to a market-wide rally.
Ethereum (ETH):
The US Securities and Exchange Commission recently approved ETFs for Ethereum (ETH). The first ETH ETF could launch in early July and could potentially spark a rally for the second-largest cryptocurrency. BTC ETFs from earlier this year took the original cryptocurrency to a new high. We may see a similar pattern for ETH.
Read Also: Cryptocurrency: Top 3 Coins to Buy During the Dip
dogwifthat:
dogwifhat (WIF) is currently among the best performing cryptocurrencies on the daily chart. Memecoin is also among the best performing cryptocurrencies of the last year. WIF could continue its rally as investors move away from major crypto assets. Traders may turn to memecoins and smaller projects as the broader cryptocurrency market takes a hit.