The cryptocurrency market has been relatively stable in the last few days, with Bitcoin (BTC) maintaining its position below $70,000. The global crypto market cap has experienced a slight decrease of 0.2% in the past 24 hours, currently standing at $2.67 trillion. Despite this, as we enter the third month of the second quarter of 2024, investors are keeping a close eye on three crypto assets that show potential for significant movements this week.
Bitcoin (BTC) remains the dominant player in the market, with other assets often following its lead. While Bitcoin has not seen any major fluctuations recently, there has been a noticeable increase in inflows into spot BTC ETFs (exchange-traded funds). This rise in interest could potentially trigger a rally in Bitcoin in the near future. According to CoinCodex, BTC is expected to break out this week and reach a new all-time high of $74,186 on June 12, 2024, representing a 7.1% increase from its current levels.
Another cryptocurrency gaining attention is Brett (BRETT), a frog-themed memecoin that has been making significant gains since its launch in February 2024. Brett is currently the best-performing cryptocurrency among the top 100 projects by market cap, with a 77.8% increase in the weekly chart, a 130.7% increase in the 14-day chart, and a nearly 400% surge over the past month. With memecoins experiencing a successful year so far, Brett is expected to continue its upward trend in the near future.
Pepe (PEPE) is another frog-themed cryptocurrency that has seen substantial gains since its launch in 2023. Despite a recent 26% dip from its all-time high, analysts predict that Pepe could regain momentum and reach a new all-time high of $0.00001731 on June 20, 2024, representing a 39.2% increase from its current levels. CoinCodex also forecasts that Pepe could surpass the $0.00004 mark in early July.
Overall, investors are closely monitoring these three cryptocurrencies as they show potential for significant movements in the coming days. With Bitcoin expected to rally, Brett continuing its impressive performance, and Pepe poised for further gains, the crypto market remains dynamic and full of opportunities for traders and investors alike.