The cryptocurrency market seems on the verge of another massive rally, with Bitcoin (BTC) reclaiming the $71k level. Moreover, there is a possibility that several crypto assets could hit new all-time highs in April.
With that said, let’s look at three crypto assets with the highest chances of hitting new all-time highs in April 2024.
Top 3 cryptocurrencies that could hit all-time highs in April 2024
Bitcoin (BTC):
Bitcoin (BTC) hit a new all-time high earlier this month, reaching $73,737.94 on Mar. 14, 2024. BTC’s sudden price spike can be attributed to increased inflows into spot BTC ETF (Exchange Traded Fund) products. The US SEC (Securities And Exchange Commission) approved 11 spot BTC ETFs in January, marking a significant milestone in the asset’s history.
Also Read: Cryptocurrency: Top 3 Coins Under $1 To Buy Before Bitcoin Halving
The original crypto is down by only 3.7% from its peak. Moreover, with BTC’s halving just around the corner, the largest crypto by market cap might hit a new all-time high in April. Many analysts consider halvings bullish as they reduce the supply of an asset.
Ethereum (ETH):
Ethereum (ETH) is the second-largest cryptocurrency by market cap and is a strong contender for hitting a new all-time high in April. ETH is currently down by only about 25% from its previous peak of $4,878.26, which it attained in November 2021. Moreover, during the 2021 bull run, ETH and BTC hit their respective highs on the same day. Hence, if BTC reaches a new high in April, ETH may follow a similar pattern.
Furthermore, there is a lot of talk about the US SEC potentially approving one or more spot ETH ETFs later this year. If it comes to fruition, the development could lead to a massive rally for the cryptocurrency.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. Although the popular dog-themed crypto is down by 65.6% from its all-time high of $0.00008616, there is a possibility that it could hit a new peak next month.
Also Read: Cryptocurrency: Top 3 Coins That Could Grow 10X in 2024
According to CoinCodex, SHIB could hit a new all-time high next month, hitting $0.000101 on Apr. 23, 2024.
Changelly also paints a similar picture for SHIB, predicting the asset to hit $0.00009508 on Apr. 21, 2024.
#Top #Cryptocurrencies #Hit #AllTime #Highs #April
#bitcoinnews
