five cryptocurrencies to keep an eye on today

The cryptocurrency market operates at a high this Thursday (2), with the total capitalization of assets rising 2.2% on the day.

Data from CoinGecko shows that around $25 billion was injected into the industry in the last 24 hours. As a result, all cryptocurrencies in the top 20 by capitalization are on the rise today.

Check out the five assets that deserve the most attention below.

Bitcoin

With a simple increase of 1.5% on the day, Bitcoin is trading again above US$58,300. Now, the world’s largest cryptocurrency is looking to reclaim support at $60,000, which would be a major bullish event.

However, BTC is still in the red over longer periods of time, accumulating an 8% drop in value for the week. Therefore, it is necessary to be careful if the current increase is just a correction.

Ethereum

Ethereum is performing better than Bitcoin today, but like its “big brother”, it needs to recover an important support level to confirm the resumption of the uptrend.

Very close to the $3,000 mark, ETH needs to form daily candles above this region to indicate a bottom formation and that new tops must be reached.

Read more: Bitcoin and 3 other cryptocurrencies that could reach new records in May

PEPE

In general, PEPE has the best performance on the market, with an increase of more than 17% on the day. The movement draws attention, as it made memecoin make gains again in higher graphic times.

In the last 14 days alone, the PEPE price has risen by more than 50%. Therefore, traders and investors should be alert to a possible correction of this upward movement.

Dogwifehat

Hot on the heels of PEPE comes Dogwifhat, with an increase of more than 17% today. The movement draws attention, showing that memecoins are leading the market.

However, WIF is still in the red on the monthly chart, which shows that the altcoin has more room for growth, especially if it recovers the 3% mark.

Read more: 3 unknown altcoins that could surprise in May

Zebec Protocol

Not all cryptocurrencies are trending today. Among those in the red, ZBC has the worst performance, with a drop of almost 6% on the day.

The movement draws attention, showing that the altcoin has little correlation with Bitcoin and the main cryptocurrencies, which makes its price movement even more uncertain.