The cryptocurrency market is buzzing with excitement as altcoins rise in value and the promise of higher returns. Given bull market conditions and rising demand, investors are turning their eyes this week to potential leaders such as Ethereum (ETH), Starknet (STRK), Pepe Coin (PEPE), and Manta Network (MANTA).
Ethereum attracts attention again
According to analyst Pooja Khardia, this week, cryptocurrencies such as Ethereum, PEPE, MANTa will rally. Ethereum, the second largest cryptocurrency by market cap, has experienced a significant revival following the approval of the long-awaited Ethereum Spot ETF. This catapulted its price near the $4,000 mark, allowing it to approach the highs of the March rally. Analysts are predicting even more growth, with some predicting it could rise as high as $6,000 after surpassing the all-time high of $4,891.70. Ethereum’s 25% price increase in the last week is a clear indication of this bull market sentiment.
Bullish sentiment on Starknet and PEPE
Starknet, a layer 2 scaling solution for Ethereum, has emerged as a promising competitor in the altcoin space. cryptokoin.com According to data, its price has increased by 21% in the last week, inspired by Vitalik Buterin’s recent million-dollar grant to the project. With over 800,000 STRKs unlocked, investor confidence in Starknet is growing. The current price of $1.31 reflects a 6% gain in the last 24 hours, and analysts are forecasting continued growth for this week.
May was a record-breaking month for PEPE Coin. A staggering 145% gain and multiple new all-time highs. This bull market trend shows no signs of slowing down, PEPE continues to climb. Its value has increased by 13% in the last 24 hours, reaching a record $0.00001705, cementing its position as the 18th largest cryptocurrency with a market cap of over $7 billion on CoinmarketCap. Transaction volume also increased by 70%, reaching 2.93 billion dollars.
Manta Network is making a bull market comeback
Manta Network completed a remarkable comeback by breaking above the key $1.5 resistance level. Over the past week, the currency has experienced a steady 23% growth, reaching its current price of $1.77. This bull market trend is also fueled by a recent whale transfer worth 2,000 ETH (approximately $7.84 million) to Manta Network, indicating increased investor interest. Additionally, transaction volume increased by 41% to $41.6 million.
The coming week holds significant promise for investors as the altcoin market experiences a surge in demand. Moving from May to June, all eyes will turn to the performance of these high-potential altcoins, as well as established players like Ethereum. This wave of optimism suggests that June could be another profitable month that could be driven by altcoins.
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