The cryptocurrency market is showing signs of recovery after facing a slight correction last week. Bitcoin (BTC) has risen above the $68,000 mark after dropping below $65,000 on Sunday.
As the next halving cycle of BTC approaches next month, we may see another price surge in the cryptocurrency market.
That being said, let’s take a look at three assets to watch at the end of this month.
ETH
Ethereum (ETH) crossed the $4,000 mark last week. However, the asset has since faced a significant correction. The cryptocurrency is currently down about 25% from its all-time high of $4,878.26, which it reached in November 2021. In the recent price surge, both ETH and BTC reached all-time highs at the same time. With BTC recently hitting a new high, there is a possibility that ETH could follow suit.
Furthermore, there is much discussion about a potential Ethereum spot ETF that will be approved by the SEC (Securities and Exchange Commission) later this year. If the SEC approves the ETH ETF, we could see a significant increase in the price of ETH.
XRP
Ripple’s XRP token is one of the most popular cryptocurrencies in the market. However, the asset is currently facing significant resistance around the $0.62 level. Additionally, XRP’s growth rate has slowed down in the past few weeks despite the overall market recovery.
XRP’s subdued performance could be due to the ongoing lawsuit between Ripple and the SEC. The lawsuit has been brought to the Supreme Court while investors await a ruling. If the higher court rules in favor of Ripple, we could see a significant increase in the price of XRP.
WIF
DogWIFat (WIF) is one of the best-performing cryptocurrencies in the past few weeks. The asset has entered the top 50 cryptocurrencies by market capitalization, with a nearly 683% increase from the previous month.
Overall, Memecoins have been performing well during the recent market uptrend, and the momentum may continue until the end of the month, if not more.
