It is no surprise that the Bitcoin half-discount has been hailed as one of most anticipated moments in cryptocurrency’s history. The supply of Bitcoin must be kept low to maintain its high price and rareness quotient.
Once every four years there are Bitcoin-halving Events. These events often feature a user-centric approach.
Investors’ perception during this period may be radically altered, as halving Bitcoin makes the price quite volatile. Traders may look at other coins in order to stabilize and maximize their profits. The following are the top 3 cryptocurrencies whose value may increase after Bitcoin’s halving.
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After the Bitcoin Halving, these three crypto tokens will gain momentum.
XRP
Despite XRP’s lack of notable price movement this bull season several analysts remain bullish about its future trajectory. Ripple is busy forging new partnerships with global companies. financial XRP will be a big hit for leaders and institutions sooner than later. The current XRP community target is to get the token over the $0.75 threshold. After it passes the price resistance of $0.75, we expect the token to break past its bullish outlook.
The Persistence of the People CoinCodexXRP could soon be entering a bullish area. By the end April 2024 XRP should have surpassed $0.65. It will be easier for the tokens to surpass $1 by 2024.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 13.93% and reach $0.694550 by May 12, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 79 (extreme greed).”
Ethereum
Ethereum ranks second in terms of market capitalization. Token is trading for $3513 down by 3% over the past 24 hours. Following the monumental Bitcoin Halving, the user sentiment may shift towards Ethereum as the second best altcoin. Ethereum’s price will then gain significant momentum.
The Persistence of the People CoinCodexEthereum’s price is likely to move into a new range after the Bitcoin Halving. ETH should trade for $3,641 on or before April 24th.
“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 $3,626.93 on April 19, 2024, gaining 2.10% in the process.”
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#3: Solana SOL
Solana is leading this crypto bull run. Price increases for the token have been driven largely by a presale frenzy which has swept its blockchain. CoinMarketcap shows that Solana has a price of $172. It is a slight drop by 1.2% from the previous 24 hours.
The token’s value is increasing as it becomes the focal point of pre-sale projects. SOL will see a surge in demand after the Bitcoin Halving, with pending projects that have yet to begin.
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The Persistence of the People CoinCodexPlatform predicts that SOL’s price will be $177 per share by the 27th of April 2024.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 13.76% and reach $198.60 by May 12, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 79 (extreme greed). Solana recorded 18/30 (60%) green days with 5.34% price volatility over the last 30 days.”
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Source: watcher.guru