The Bitcoin halving is one of the most anticipated crypto events in history. Halving means splitting miners’ rewards in half, which suppresses the supply and value of Bitcoin. Bitcoin halvings occur every four years and are known to cause temporary turmoil in the cryptocurrency market before the coin soars to new price levels.
This surge is primarily driven by the dispersion of user sentiment and approaches. This diversification occurs when investors want a decent return while protecting their investment from the volatility of cryptocurrencies caused by halvings. This narrative will force them to invest in other stable altcoins, thereby pushing up the price and touching the new ATH.
Here are three cryptocurrencies that investors may want to stash away before cutting in half and 10x their returns.
Also Read: Cryptocurrency: Top 3 Altcoins That Could Soar 50%-100% After Bitcoin Halving
Top 3 cryptocurrencies you want to hide before the price explodes (10x profit) due to Bitcoin halving
Cryptocurrency #1: Ethereum
Ethereum, the second-largest cryptocurrency by market capitalization, is said to stand to gain the most from the upcoming halving given its popularity and user momentum. Ethereum has long struggled to overcome the $3,100 price barrier. The Bitcoin halving could help push its price up nicely to establish a new price ATH and enter an incredible bullish momentum.
Cryptocurrency Ethereum is up 2% and could trade at $3,184 by April 24, according to crypto analysis platform CoinCodex.
“Ethereum price predictions for the next 30 days are predictions based on the positive and negative trends of the past 30 days. Based on these Ethereum predictions, ETH will change trade at $3,184.31 on April 24, 2024. , which would increase by 2.64% in the process.”
Similarly, by May 16th, the cryptocurrency Ethereum could trade at $3,186, with momentum steadying even as it encounters a surge in purchase volume.
“Ethereum price increases by 2.72% and could reach $3,186.64 by May 17, 2024. According to our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is at 67 ( Ethereum scored 16/30. ”
2. Solana
Solana cryptocurrency is the most popular crypto token these days. This bull cycle was commanded solely by Solana, leading Token to emerge as the ultimate winner. Solana hit a new high of $200 in March, but has plummeted to $138 at the time of his writing. However, the halving prediction bodes well for Solana as it is expected to gain momentum after the event.
As one of the most popular cryptocurrencies of its time during this bull season, Solana has already gained support from investors who continue to align their beliefs with the token's vision.
According to CoinCodex, Solana is up 13% and its price could reach $156 after the halving event.
“Solana price can increase by 13.73% and reach $156.06 by May 17, 2024. According to our technical indicators, current sentiment is bearish, while the Fear and Greed Index is at 67 (greed)” Solana recorded 15/30 (50%) green days in the past 30 days with price volatility of 9.10%. ”
Also Read: 3 Crypto Coins Under $10: April's Best Buys
3. Binance Coin (BNB)
BNB has been a hidden winner throughout this bull cycle. The token is currently green and rising, trading at $546. The token ranks among the top five cryptocurrencies by market capitalization, which comes as no surprise considering the slow but steady pace of the market.
According to CoinCodex, BNB expects the price to increase positively after the Bitcoin halving. The platform predicts that BNB could rise by a whopping 8% and trade at $588 by April 24th.
“Based on these Binance Coin predictions, BNB will change trade at $588.42 on April 24, 2024, gaining 8.00% profit in the process. ”
Similarly, the token could rise an impressive 24% by May 17, breaking through the $680 price level.
“According to the current Binance Coin price prediction, the Binance Coin price will be May It will increase by 24.88% and reach $680.33 by May 17, 2024. ”
