The cryptocurrency market is showing recovery signs after its recent correction, following the four-month prison sentence for Binance chief Changpeng Zhao (CZ). Bitcoin (BTC) has reclaimed the $59,000 level, and the global crypto market cap has risen by 2.7% in the last 24 hours to $2.32 trillion.
With that said, let’s look at three crypto assets predicted to rally this weekend.
Top 3 cryptocurrencies that may rally this weekend
Bitcoin (BTC):
Bitcoin (BTC) recently underwent its halving cycle. Historically, the cryptocurrency markets have rallied following each of BTC’s halving events.
According to CoinCodex, BTC could surge to $63,772 on Sunday, May 5, 2024. Reaching $63,772 from current levels would translate to a growth of about 7.75%.
Furthermore, CoinCodex anticipates BTC to continue rallying for the rest of the month, hitting a new all-time high of $80,991 on May 29, 2024. Reaching $80,991 from current levels would translate to a growth of about 36.8%.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is another popular cryptocurrency that might rally this weekend. According to CoinCodex, SHIB could surge to $0.00002432 on Sunday, May 5, 2024. Reaching $0.00002432 from current levels would translate to a growth of about 6.62%.
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Moreover, CoinCodex predicts SHIB to continue its bullish trajectory for the rest of the month. The platform anticipates SHIB to hit $0.00007812 on May 31, 2024, a rise of about 242.48% from current levels.
Furthermore, SHIB’s layer-2 network, Shibarium, recently underwent a hard fork. As a result of the fork, transitions on the network will see a drastic increase in speed. The development could further aid the asset’s bullish outlook.
Toncoin (TON):
TON hit an all-time high of $7.63 on Apr. 11, 2024. However, the cryptocurrency’s price has fallen by over 30% from its April peak. Nonetheless, CoinCodex anticipates TON to break out soon.
Also Read: Cryptocurrency: Top 3 Coins To Watch Under $1 In May 2024
According to CoinCodex, TON could hit $5.87 on Sunday, May 5, 2024, a rise of about 10.13% from current levels.
Moreover, CoinCodex predicts TON to hit a new all-time high of $17.82 on May 30, 2024.