The Bitcoin halving stands out as a highly anticipated event in the realm of cryptocurrency. This process involves halving miner rewards, effectively regulating the supply and value of Bitcoin. It occurs once every four years and is renowned for triggering a temporary upheaval in the cryptocurrency market before propelling the coins to new price heights.
The subsequent surge is predominantly steered by the divergence in user sentiment and strategy. This divergence emerges as investors seek substantial profits while safeguarding their investments against the cryptocurrency volatility instigated by the halving event. This narrative drives them to explore other stable altcoins, consequently elevating their prices to reach new all-time highs.
Highlighted below are three cryptocurrency recommendations that investors may consider accumulating prior to the halving event to potentially reap significant returns of up to 10 times.
Also Read: Cryptocurrency: Top 3 Altcoins That May Surge 50%–100% Post Bitcoin Halving
Top 3 Cryptocurrency Choices to Accumulate Before Bitcoin Halving Boosts Their Values (10x Gains)
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Cryptocurrency #1: Ethereum
Source: WatcherGuru
Ethereum, the second-largest cryptocurrency by market capitalization, is poised to benefit the most from the impending halving cycle due to its widespread popularity and user traction. Ethereum has long grappled with surpassing the $3,100 price threshold. The Bitcoin halving could potentially propel its value to establish a new all-time high, ushering it into a remarkable bullish trajectory.
As per insights from the crypto analytics platform CoinCodex, Ethereum’s cryptocurrency is expected to experience a 2% upsurge, trading at $3,184 by April 24.
“The Ethereum price projection for the upcoming 30 days reflects a forecast based on the positive and negative trends observed in the last month. Based on these Ethereum estimations, ETH is anticipated to be valued at $3,184.31 on April 24, 2024, marking a gain of 2.64% during this period.”
Likewise, by May 16, Ethereum’s cryptocurrency could be valued at $3,186, maintaining its momentum steadily while encountering an uptick in its buying volume.
“The Ethereum price may witness a 2.72% increase, reaching $3,186.64 by May 17, 2024. According to our technical indicators, the current sentiment leans towards bearish, with the Fear & Greed Index indicating 67 (greed). Ethereum has recorded 16 out of 30 positive indicators.”
2. Solana
Source – Forbes
Solana cryptocurrency has emerged as a prominent crypto asset in recent times. This bullish cycle has been predominantly led by Solana, as the token surged ahead to establish itself as the ultimate victor. Solana achieved a new peak price of \(200 in March before retracing to \)138 at the time of reporting. However, the halving outlook appears favorable for Solana, with expectations of gaining momentum post-event.
Being one of the cryptocurrencies that has garnered substantial popularity amidst its peers in this bullish season, Solana has already garnered favor from investors who align with the token’s vision.
According to CoinCodex, Solana could witness a 13% increase, reaching $156 in value following the halving event.
“The price of Solana is forecasted to surge by 13.73%, hitting $156.06 by May 17, 2024. Based on our technical indicators, the current sentiment leans towards bearish, with the Fear & Greed Index at 67 (greed). Solana has seen 15 out of 30 (50%) positive trading days, with a 9.10% price fluctuation over the past month.”
Also Read: 3 Cryptocurrency Coins Under $10: April’s Best Buys
3. Binance Coin (BNB)
Source: WatcherGuru
BNB has emerged as a silent achiever during this bullish phase. The token is currently in the green, trading at $546. Positioned among the top 5 cryptocurrencies by market capitalization, BNB rightfully maintains its gradual yet consistent market pace.
According to CoinCodex, BNB is anticipated to showcase a positive price trajectory post the Bitcoin halving event. The platform predicts that BNB could experience a substantial 8% increase by April 24, trading at $588.
“ Based on these Binance Coin projections, BNB is expected to trade at $588.42 on April 24, 2024, marking an 8.00% gain during this period.”
Likewise, the token could witness a remarkable 24% surge by May 17, surpassing the $680 price threshold.
“As per our current Binance Coin price forecast, the value of Binance Coin may increase by 24.88%, reaching $680.33 by May 17, 2024.”