The top cryptocurrencies to watch this week are Bitcoin (BTC), Ethereum (ETH), and Pepe (PEPE).
Bitcoin has seen a decrease in whale activity recently, but a surge in whale transactions could potentially boost BTC prices. A whale recently moved 1,200 Bitcoin, worth $77.67 million, into the Kraken exchange. This whale had accumulated 24,755 BTC valued at $1.68 billion between March 1 and April 15.
Exchange inflows from Bitcoin whales have reached their highest level in five months, indicating a possible profit-taking trend among major holders. This could lead to a significant price correction in the coming week.
Ethereum has remained in the green despite a $150 billion decline in the total crypto market cap over the weekend. The ETH token’s price action has corrected by 32% from its yearly high of $4,094, but it maintains a positive year-to-date outlook of more than 75%. It was one of the few high-cap cryptocurrencies to stay in the green over the weekend.
Pepe, the third-largest meme coin by market cap, has shown strong performance since its launch in 2023. It is currently priced at $0.000007459, with a 7.1% uptick in 24 hours and nearly 28% increase in the past week. Despite a 4.8% decrease over the previous month, Pepe’s market strength positions it as one of the top cryptocurrencies to watch.
In conclusion, Bitcoin, Ethereum, and Pepe are key cryptocurrencies to keep an eye on this week as they navigate through market fluctuations and potential price movements driven by whale activity and market sentiment.