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Top 3 Coins to Watch in Late May 2024
The cryptocurrency market seems to be stagnant in recent days. Bitcoin (BTC) is struggling to break above the $67,000 level, while the global cryptocurrency market capitalization hovers around $2.5 trillion.
However, with colder-than-expected inflation data in the United States, we could see a surge in the cryptocurrency market in the coming week. With that said, let’s take a look at three crypto assets to keep an eye on for the end of this month.
The 3 best cryptocurrencies to watch at the end of May 2024
Bitcoin (BTC):
BTC rallied 8.3% on the weekly charts, 3.6% on the 14-day charts, and 4% from the previous month. However, the asset has corrected by almost 1% on the daily charts.
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According to CoinCodex, BTC could reach a new all-time high this week, surpassing the $74,000 level by May 23, 2024. Furthermore, the platform predicts that the original cryptocurrency will reach $79,493 on May 31, 2024. Reaching $79,493 from current levels it would translate into growth of approximately 19.2%.
Changingly he also predicts that BTC will reach a new all-time high this week. Furthermore, the platform expects BTC to surpass the $80,000 level by the end of this month, reaching $80,131 on May 31, 2024.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is another popular cryptocurrency that has struggled to gain momentum in recent days. SHIB is facing significant resistance at around $0.000025. However, the asset could reverse the trend very soon.
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According to CoinCodex, SHIB could rise to $0.00003551 on May 31, 2024. Reaching $0.00003551 from current levels would lead to a price increase of around 47.6%.
Changingly it also paints a bullish picture for SHIB in the coming weeks. The platform expects SHIB to reach $0.00003769 on May 31, 2024, an increase of approximately 56.4% from current levels.
Avalanche (AVAX):
AVAX is another popular cryptocurrency that may see a price increase by the end of this month. According to CoinCodex, AVAX could rise to $52.17 on May 31, 2024. Reaching $52.17 from current levels would result in growth of nearly 45%.
Changingly also presents a bullish forecast for AVAX in the coming weeks. The platform predicts that the cryptocurrency will reach $55.73 on May 31, 2024.