The Bitcoin halving is one of the most anticipated crypto events in history. Halving entails splitting miner rewards in half, which in turn keeps the supply and value of Bitcoin in check. Bitcoin halving is conducted once every four years and is known to bring about a temporary cryptocurrency market upheaval before helping the coins surge to new price levels.
The surge is primarily driven by the dispersion of user sentiment and approach. This dispersion happens when investors desire decent profits while protecting their investments against the cryptocurrency volatility unleashed by Halving. The narrative compels them to invest in other stable altcoins, thereby boosting their prices to touch new ATHs.
Here are our three cryptocurrency picks that investors might want to stash before halving and inflating them with 10x returns.
Also Read: Cryptocurrency: Top 3 Altcoins That May Surge 50%–100% Post Bitcoin Halving
Top 3 Cryptocurrency Picks to Stash Before Bitcoin Halving Explodes Their Prices (10x Profits)
Cryptocurrency #1: Ethereum
The second-largest cryptocurrency by market cap, Ethereum, is said to gain the most out of the upcoming Halving cycle, considering its popularity and user momentum. Ethereum has long been struggling to get past its $3,100 price barrier. The Bitcoin Halving might push its price just right to establish a new price ATH, helping it break into stunning bullish momentum.
According to crypto analytics platform CoinCodex, Ethereum cryptocurrency may rise 2%, trading at $3,184 by April 24.
“The Ethereum price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Ethereum projections, ETH will be changing hands at $3,184.31 on April 24, 2024, gaining 2.64% in the process.”
Similarly, by May 16, Ethereum cryptocurrency might trade at $3,186, holding its momentum steady while encountering a surge in its purchase volume.
“The price of Ethereum may rise by 2.72% and reach $3,186.64 by May 17, 2024. Per 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 has been the most popular crypto token as of late. This bull cycle has been commanded solely by Solana, as the token took the lead to emerge as the ultimate winner. Solana touched a new price high of $200 in March before plunging to hit $138 at press time. However, the Halving forecast bodes well for Solana, as it’s expected to gain momentum post-event.
As one of the cryptocurrencies that has gained the maximum popularity out of its contemporaries this bull season, Solana has already won the favor of investors who are keeping their faith aligned with the token’s vision.
According to CoinCodex, Solana might gain 13%, hitting $156 in price value post-halving event.
“The price of Solana may rise by 13.73% and reach $156.06 by May 17, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 67 (greed). Solana recorded 15/30 (50%) green days with 9.10% price volatility over the last 30 days.”
Also Read: 3 Cryptocurrency Coins Under $10: April’s Best Buys
3. Binance Coin (BNB)
BNB has been a secret winner throughout this bull cycle. The token is currently up in green, trading at $546. The token is counted among the top 5 cryptocurrencies by market cap, and rightfully so considering its gradual yet steady market pace.
According to CoinCodex, BNB could project a positive price ascent after the event of Bitcoin halving. The platform predicts that BNB may gain a whopping 8% by April 24, trading at $588.
“Based on these Binance Coin projections, BNB will be changing hands at $588.42 on April 24, 2024, gaining 8.00% in the process.”
Similarly, the token might gain a staggering 24% by May 17, ascending to breach the price level of $680.
“According to our current Binance Coin price prediction, the price of Binance Coin may rise by 24.88% and reach $680.33 by May 17, 2024.”
This news is republished from another source.
