After a significant rally yesterday, the cryptocurrency market appears to be cooling off again. Bitcoin (BTC) has fallen to $69,000, while the global market capitalization has fallen to $2.72 trillion. The rally was fueled by positive moves in the spot Ethereum (ETH) ETF (Exchange Traded Fund) debate. The SEC (Securities and Exchange Commission) has asked exchanges interested in the ETF to update their 19b-4 filings. However, this move did not mean outright approval, which led to a market correction.
Despite the slight correction, we may witness an explosion of some assets in the coming weeks.
Top 3 meme cryptocurrencies that could explode in June 2024
Pepper (PEPE):
Pepe is among the best performing crypto assets of the past year. The frog-themed memecoin reached an all-time high of $0.00001441 on Thursday, May 23, 2024. However, analysts expect the memecoin to continue its bullish trajectory at least in the coming weeks.
Also read: Top 3 cryptocurrencies that could reach record highs in June 2024
According to CoinCodex, PEPE could rise to $0.00004858 on June 20, 2024. Reaching $0.00004858 from current levels would translate to growth of approximately 242.3%.
Changelly also predicts that PEPE will continue its rally in June. The platform expects the cryptocurrency to reach a new all-time high of $0.00003749 on June 18, 2024.
dog hat (WIF):
WIF is another cryptocurrency that has shown tremendous growth in recent months. The Solana-based memecoin reached an all-time high of $4.83 on March 31, 2024. However, CoinCodex predicts that WIF will cross the $10 mark next month. The platform expects WIF to reach $10.03 on June 19, 2024. Reaching $10.03 from current levels would translate to growth of around 235.45%.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the most popular cryptocurrencies on the market. The dog-themed crypto witnessed a massive price spike in March, following BTC's climb to a new all-time high. However, SHIB's price has struggled to gain momentum in recent weeks.
Also read: Shiba Inu: Top 3 Things That Can Take SHIB to $0.001
According to CoinCodex, SHIB could rise to a new all-time high of $0.00008625 on June 20, 2024. Reaching $0.00008625 from current levels would translate to growth of approximately 239.1%.
