The Bitcoin halving is one of the most anticipated crypto events in history. Halving involves splitting miner rewards in half, which helps control the supply and value of Bitcoin. The Bitcoin halving is carried out every four years and is known to cause a temporary upheaval in the cryptocurrency market before helping the coins reach new price levels.
This increase is mainly due to the dispersion of user sentiment and approach. This dispersion occurs when investors want decent profits while protecting their investments against cryptocurrency volatility triggered by the halving. The narrative requires them to invest in other stable altcoins, thereby increasing their prices to hit new ATHs.
Here are our three picks for cryptocurrencies that investors might want to hold before halving and inflating them with 10x returns.
Also Read: Cryptocurrency: Top 3 Altcoins That Could Surge 50-100% After Bitcoin Halving
Top 3 Cryptocurrency Picks to Hold Before Bitcoin Halving Explodes Their Prices (10x Profits)
Cryptocurrency #1: Ethereum
The second largest cryptocurrency by market capitalization, Ethereum, is expected to gain the most from the upcoming halving cycle, given its popularity and user dynamics. Ethereum has long struggled to break the $3,100 price barrier. Bitcoin Halving could push its price just to establish a new ATH price, helping it enter stunning bullish momentum.
According to crypto analytics platform CoinCodex, the Ethereum cryptocurrency could rise by 2%, trading at $3,184 by April 24.
“The Ethereum price prediction for the next 30 days is a projection based on the positive and negative trends of the last 30 days. Based on these Ethereum projections, ETH will change hands at $3,184.31 on April 24, 2024, gaining 2.64%.
Likewise, by May 16, the Ethereum cryptocurrency could trade at $3,186, maintaining its momentum while experiencing an increase in its buying volume.
“Ethereum price could rise by 2.72% and reach $3,186.64 by May 17, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 67 (greed). Ethereum recorded 16/30.
2. Solana
Solana cryptocurrency is the most popular crypto token in recent times. This bull cycle was driven solely by Solana as the token took the lead to become the ultimate winner. Solana hit a new all-time high price of $200 in March before plunging to $138 at press time. However, the halving predictions bode well for Solana as it is expected to gain momentum after the event.
As one of the cryptocurrencies that has gained the most popularity among its contemporaries during this bull season, Solana has already earned the favor of investors who keep their faith aligned with the vision of the token.
According to CoinCodex, Solana could gain 13%, reaching $156 in value after the halving event.
“Solana price could increase by 13.73% and reach $156.06 by May 17, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed index shows 67 (greed) . Solana has recorded 15/30 (50%) green days with a price volatility of 9.10% over the last 30 days.
Also Read: 3 Cryptocurrency Coins Under $10: Best Buys of April
3. Binance Coin (BNB)
BNB has been a secret winner throughout this bull cycle. The token is currently in green and trading at $546. The token is among the top 5 cryptocurrencies by market capitalization, and rightly so given its gradual but consistent market pace.
According to CoinCodex, BNB could predict a positive price rise after the Bitcoin halving. The platform predicts that BNB could gain 8% by April 24, to trade at $588.
“Based on these projections from Binance Coin, BNB will change hands at $588.42 on April 24, 2024, gaining 8.00%.
Likewise, the token could gain 24% by May 17, surpassing the $680 price level.
“According to our current Binance Coin price prediction, Binance Coin price can increase by 24.88% and reach $680.33 by May 17, 2024.”
reference: watcher.guru