The cryptocurrency market witnessed a healthy turnaround over the last few days. Bitcoin (BTC) once again reclaimed the…

The cryptocurrency market witnessed a healthy turnaround over the last few days. Bitcoin (BTC) once again reclaimed the $100,000 and is currently testing the $104,000 price point. Many assets have seen double-digit percentage gains over the last week. Some crypto assets have rallied by more than 100% as well.

Also Read: Apple (AAPL) Stock Jumps 24% on US-China Deal Despite “All Eggs in One Basket”

Cryptocurrencies Surge Amid Trade Deals

The latest market rally came after the US announced several new trade deals with its partners. The US-UK and US-China trade deals in particular sent the markets into the green zone.

Cryptocurrencies have seen a surge in institutional investments over the last few weeks. BlackRock, the world’s largest asset manager, purchased billions of dollars worth of Bitcoin (BTC). The original crypto’s massive surge is a likely outcome of the rise in institutional inflows.

Also Read: Goldman Bets $1.4B on Blackrock’s Bitcoin ETF: 516 Trillion SHIB Set to Be Hit

The cryptocurrency market has also seen some other bullish developments. The SEC’s round table meeting is another bullish development. There is also a high chance that the Federal Reserve will cut interest rates soon. A rate cut could lead to another market-wide rally.

Top 3 Cryptocurrencies Predicted To Rally More Than 100%

1. Pi Coin (Pi Network/PI)

PI has seen a significant price surge over the last few days. According to CoinCodex, PI may trade at $6.19 on June 21. Hitting $6.19 will be a new all-time high for the cryptocurrency. PI’s price will rally about 420% if it hits the $6.19 target.

2. Dogwifhat (WIF)

WIF is another cryptocurrency making waves in the market right now. The asset is predicted to hit a new peak of $5.12 on June 21. WIF’s price will rally by 365.4% if it hits the $5.12 target.

3. Bonk (BONK)

BONK is another dog-themed cryptocurrency that could experience a skyrocketing rally in the coming weeks. CoinCodex analysts anticipate the asset to trade at a new all-time high of $0.000122 on June 21. BONK’s price will rise by 418.2% if it hits the $0.000122 target.

Also Read: Standard Chartered Taps FalconX to Boost Institutional Crypto Flow