The crypto market appears to be undergoing a mild correction. Bitcoin (BTC) has fallen to $58,000 and the global crypto market cap has fallen by 1.9% to $2.15 trillion.
The reason behind the pullback is still unclear as the stock market is still rising. Traders and investors may be feeling uncertain about risky assets as the Federal Reserve has not discussed a rate cut.
With that said, let's take a look at three cryptocurrencies to keep an eye on this weekend.
Also read: Shiba Inu: $1,000 Investment for $100,000 Future!
Top 3 Cryptocurrencies to Watch This Weekend
1. Toncoin (TON)
Toncoin (TON) is the only asset in the top 10 projects that is trading in the green zone of the daily charts.
The asset is up 1% on daily charts, 8.4% on weekly charts and 2.3% on 14-day charts. TON continues to glow red on monthly charts, down 7.5% in the last 30 days.
According to analysis from CoinCodex, the cryptocurrency could rise to $7.40 on Sunday, August 18, 2024.
2. Shiba Inu (SHIB)
SHIB is an incredibly popular cryptocurrency that has seen tremendous growth over the past four years.
SHIB has seen a significant market correction in recent weeks, falling 1.1% on daily charts, 4.1% on weekly charts, 12.7% on 14-day charts and 31.4% in the previous week. The low prices could be an excellent entry point for new investors.
Also Read: Top 3 Cryptocurrencies That Could Surge in Value Before the End of 2024
According to data from CoinCodex, the popular cryptocurrency could break the $0.00002 barrier this weekend and reach $0.00002155 on Sunday, August 18, 2024.
3. Pepper (PEPPER)
Pepe is another popular meme coin with excellent performance in the past year.
The frog-themed cryptocurrency has undergone a major correction in recent weeks, with the price down 4.5% on daily charts, 13% on weekly charts, 25.5% on 14-day charts, and more than 40% in the past month.
Pepe is expected to soar to new heights in the coming month. CoinCodex data suggests that the cryptocurrency will reach $0.00002494 next month.
Also Read: Top 3 Cryptocurrencies to Watch Under $1 Before the Bull Run
Current prices could be a good entry point for new crypto investors.