The cryptocurrency market seems to be facing a slight correction. Bitcoin (BTC) has fallen to $58,000, and the global crypto market cap has fallen 1.9% to $2.15 trillion.
The reason behind the drawdown is still unclear, as the stock market is still up. Traders and investors may feel uncertain about risky assets as the Federal Reserve has not discussed an interest rate cut.
With that said, let’s look at three crypto assets you could watch this weekend.
Also Read: Shiba Inu: $1,000 Investment for $100,000 Future!
Top 3 Cryptocurrencies to Watch This Weekend
1. Toncoin (TON)
Source: Medium/Redficrypto
Toncoin (TON) is the only asset among the top 10 projects trading in the green zone on the daily charts.
Source: CoinGecko
The asset is up 1% on the daily charts, 8.4% on the weekly charts, and 2.3% on the 14-day charts. TON continues to glow red on the monthly charts, dipping 7.5% in the last 30 days.
Source: CoinCodex
According to CoinCodex analysis, the cryptocurrency could surge to $7.40 on Sunday, Aug. 18, 2024.
2. Shiba Inu (SHIB)
SHIB is an incredibly popular cryptocurrency that has witnessed incredible growth over its four-year history.
Source: CoinGecko
SHIB has faced a significant market correction over the last few weeks, falling 1.1% in the daily charts, 4.1% in the weekly charts, 12.7% in the 14-day charts, and 31.4% over the previous week. The low prices could be an excellent entry point for new investors.
Also Read: Top 3 Cryptocurrencies That Could Skyrocket Before 2024 End
Source: CoinCodex
According to CoinCodex data, the popular cryptocurrency could breach the $0.00002 level this weekend, hitting $0.00002155 on Sunday, Aug. 18, 2024.
3. Pepe (PEPE)
Source – Coinpedia
Pepe is another popular meme coin with stellar performance over the last year.
Source: CoinGecko
The frog-themed cryptocurrency has faced a steep correction over the previous few weeks, falling 4.5% in the daily charts, 13% in the weekly charts, 25.5% in the 14-day charts, and over 40% in the last month.
Source: CoinCodex
Pepe is predicted to rally to new highs over the next month. CoinCodex data suggests the cryptocurrency will hit $0.00002494 next month.
Also Read: Top 3 Cryptocurrencies To Watch Under $1 Before The Bull Run
The current prices could be a good entry point for new crypto investors.