Investors are always looking for investment opportunities outside of Bitcoin, which is why they are turning to altcoins. The cryptocurrency community is full of excitement in anticipation of the Bitcoin halving event, scheduled to take place on April 4, 2024. Despite the current downward trend across global markets, recent market activity shows optimism that significant gains are possible. These are 5 altcoin cryptocurrencies that could bring in big profits ahead of Bitcoin halving.
1. FOXY
The newly launched token Foxy started trading on April 12, 2024 at a price of $0.01887, showing significant growth. Despite only seeing a slight increase of 0.87% from the previous day, it attracted a lot of market attention and had a trading volume of $136.94 million. Currently, there are 3 billion FOXY tokens in circulation, with a market capitalization of $56.61 million, and is ranked 111th on CoinMarketCap. It has gained 28.07% over the past week, indicating potential for gains, but its market capitalization remains low, leaving room for future expansion.
Foxy serves as the mascot token on the Linea blockchain. Foxy serves as a cultural currency and symbol of humor for Linea blockchain users to unite and foster a sense of belonging.
2. Ethena (ENA)
Ethena price is currently $1.27, but it has experienced a significant drop of 9.89% in the past 24 hours. It has a market capitalization of $1.81 billion and a trading volume of $1.55 billion. This suggests that market confidence in the token is strong. Over the past 7 days, Ethena has risen by his 17.16%, while his performance over the past 30 days stands out with his rise of 85.14%. The token’s consistent growth and significant trading volume indicate the potential for continued success.
Ethena is a digital dollar protocol built on the Ethereum platform that provides a cryptocurrency-based alternative to traditional banking infrastructure and a globally available savings tool called “Internet Bonds.”
3.Toncoin (TON)
Toncoin (TON) is currently valued at $6.62, down 7.82% over the past day. However, its market capitalization is the highest among altcoins at $22.97 billion. Last week, the value of Toncoin increased by 20.62%, and in the last month it showed a remarkable increase of 55.83%. The total amount of Toncoin in circulation is 3.47 billion tons. Toncoin's steady rise, large market capitalization, and significant trading volume positions Toncoin as a strong candidate for profit potential.
TON is a community-driven blockchain that prioritizes serving ordinary consumers with high-speed transaction processing capabilities, as evidenced by its record-breaking 55,000 TPS in September 2021. With the potential for hundreds of thousands or even millions of TPS, TON enables rapid growth without sacrificing performance. or cause harm to the environment.
4.chintai token (CHEX)
Chintai, its value is $0.318 despite a significant price drop of 15.38% over the past day. CHEX has a market capitalization of $317.14 million with 997.24 million coins in circulation. The trading volume was 8.51 million in the past 24 hours, indicating an increase in trading activity. Chintai token has witnessed an impressive growth of 46.73% and 121.07% in the past 7 days and 30 days respectively. This indicates that this token is a hot emerging player with significant profit and growth potential.
CHEX token serves as a utility token for the Chintai network. Its main purpose is to manage resources on the network and enhance liquidity on the platform using various incentive methods.
5. Pax Gold (PAXG)
PAX Gold's current price is $2,363.60, down slightly by 1.35% over the past day. PAXG has a market capitalization of $431.7 million, with 182,647 PAXG units in circulation. The trading volume for the same period reached $33.23 million, up 2.29% and 9.54% in the past week and month, respectively.
Pax Gold (PAXG) is a gold-backed cryptocurrency launched in September 2019 by the creators of Paxos Standard. It operates as his ERC-20 token on the Ethereum blockchain and provides a convenient way for traders to invest in gold. The aim is to make gold more accessible and easier to trade by creating a cryptocurrency backed by precious metals and removing minimum purchase restrictions.
conclusion
These altcoins offer a variety of opportunities for investors seeking potential profits ahead of Bitcoin's halving. Each altcoin has unique characteristics and potential, so investors should carefully evaluate their options and risk tolerance before investing in the highly volatile altcoin market.
