Earlier this week, the cryptocurrency market showed signs of recovery but is now showing signs consolidation. Bitcoin (BTC), currently at $71,000 and below, is the only cryptocurrency that hasn’t changed its market capitalization in the past 24 hour.
Memecoins are the talk of town, and several have reached record highs. This weekend, you can watch three different memecoins.
The top 3 memes to look out for this weekend
Floki:
FLOKI has hit a record high but is now experiencing a correction. This asset has a daily chart that is 5.6% lower than the chart of the week, but it is higher in both the chart for 14 days and the chart for the next seven days. It is also up more than 75% from the month before.
Also Read: Top 3 Cryptocurrencies Under $0.10 That May Surge in June 2024
CoinCodex predicts that the cryptocurrency with a dog theme will keep on rising over the coming weeks. FLOKI is expected to reach a new high of $0.000352 by Sunday, June 9th 2024.
CoinCodex has also predicted that FLOKI would delete the zero in July 2024, and then hit $0.001069. A $0.001069 increase from the current level would represent a nearly 242% growth.
Shiba Inu (SHIB):
SHIB is a popular cryptocurrency on the market. Around $0.000025, the asset faces significant resistance. SHIB experienced a strong rally at the beginning of the year. It is however still over 70% below its October 2021 high price of $0.00008616.
CoinCodex predicts that SHIB may soon reach $0.00003107, which is Sunday, June 9th 2024.
The platform also predicts that the crypto will reach a new high-water mark of $0.0008723 by July 3, 2024.
Pepe
PEPE was one of the top-performing cryptos in 2018. It reached an all-time peak of $0.00001717 in May 2024 but since then has fallen over 14%.
Also Read: Cryptocurrency: Pepe Coin Investor Makes $5.3 Million in Just 6 Months.
CoinCodex believes that PEPE is set to rally in the next couple of weeks. Platform predicts PEPE will reach a new high of $0.0001796 by Monday, June 10th 2024.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
