These cryptocurrencies represent an attractive investment after Bitcoin's fourth halving.
Bitcoin's fourth halving passed without much fuss. On April 20th, 840,000 blocks were mined. Despite the fact that scarcity has officially increased for the fourth time, BTC price has remained relatively stable. The relative calm is creating a scenario where there may be a cryptocurrency to buy.
From now on, miners will receive 3.125 BTC for each successfully mined block. Therefore, BTC is highly scarce and should increase in value. Prices have historically increased around halvings. Investors should also expect increased volatility as the market adjusts to various new factors surrounding Bitcoin. One of the most important is the Bitcoin ETF.
The fact that Bitcoin is becoming more integrated into the current financial system is one reason to expect further improvements. More on that later.
Most importantly, investors should expect opportunities across cryptocurrencies as the sector matures following Bitcoin's fourth halving.
Virtual currency to buy: Bitcoin (BTC-USD)
When you find a list of cryptocurrencies to buy, the following may happen Bitcoin (BTC-USD).Investors shouldn't be blamed for feeling that way. Bitcoin was doomed to collapse at the end of 2021. The beginning of the end for the quantitative easing experiment felt like the death of speculation at the time.
Many investors thought the cryptocurrency experiment was over. The return to more traditional, proven fiat currencies was an obvious response. But something interesting happened between the financial collapse of 2021 and today. Instead, Bitcoin and other cryptocurrencies have become more mainstream.
Bitcoin ETFs have been approved by the Securities and Exchange Commission (SEC), paving the way for mainstream Bitcoin adoption. As investment increases, demand should also increase as mainstream Bitcoin becomes more accessible. When you combine this with the fact that supply is even more limited due to the halving, the price increase makes even more sense.
My sense is that investors as a whole are tired of centralized banks. As a result, they have become more accepting of cryptocurrencies despite the risks. Due to the combination of the aforementioned factors, Bitcoin is ultimately well-positioned as the leading cryptocurrency.
Solana (SOL-USD)
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Solana (Sol – US dollar) has increased over 600% in the past 12 months. Why investors like Solana: Ethereum (ETH-USD) lower fees and faster transaction speeds.
This came with some pros and cons and led to a surge in meme coin activity on the network. That being said, even if the meme coin mania subsides, I think Solana still has a bright future ahead of it.
Additionally, dozens of Solana meme coin presales have been canceled over the past month, making it temporarily cheaper. Given the strength of the Solana network, it was inevitable that the development of speculative meme coins would take place on the Solana network. The fact that many of those pre-sales failed to start is not an indictment of Solana at all. On the contrary, it shows its strength.
Bitcoin halving will likely raise all ships, and Solana is one of the most seaworthy ships. Temporary price declines are an opportunity.
Cryptocurrency to purchase: Ethereum (ETH-USD)
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Ethereum continues to serve as the base layer for Web 3.0. The Ethereum blockchain is the layer on which most DeFi projects, NFTs, and smart contracts run.
This is not going to change anytime soon and is a great reason to consider investing after the Bitcoin halving. Ethereum tends to outperform Bitcoin during bull cycles. There is quite a bullish trend surrounding the halving, which means ETH is looking good at the moment.
Yes, Solana will continue to challenge Ethereum for years to come. But it makes sense to invest in both at this point. Both prices have increased significantly over the past year as Bitcoin has pulled everything up. In time, one or the other will emerge as the clear winner. Investors should take advantage of the current lack of clarity as both rise.
Additionally, Ethereum turned deflationary after moving to a proof-of-stake model. Investors should continue to judge projects on their individual merits, not just on their competitive advantages and disadvantages to Solana. For now, it represents a strong balance of both.
Rendering (RNDR-USD)
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give (RNDR-USD) will continue to attract significant attention for a variety of reasons. These factors boil down to practicality and artificial intelligence (A.I.). Currently, utilities and AI are both related to cryptocurrencies.
Render provides utility in that anyone can sell surplus GPUs from their device. So the question of what Render does can be answered right away. This is in stark contrast to many other cryptocurrencies, which lack utility. When it comes to separating the crypto wheat from the chaff, real-world utility leads to long-term success more than any other factor.
Another point is that Render leverages the GPU, which is directly connected to AI. GPU chips are in high demand for artificial intelligence applications. This is particularly relevant to generative AI used to create graphics-based content.
The lender has no direct relationship with Bitcoin. If anything, this is a good project to consider as Bitcoin lifts everything and AI-related demand continues to rise.
Cryptocurrency to purchase: Bittensor (TAO-USD)
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bitensor (TAO-USD) has established its strength in a similar way to many of the most important cryptocurrencies. It's actually about creating a market by lending your personal resources to successful projects. Successful projects can return those resources to the lender with interest. In that respect, it's like investing in 101.
However, in this case, we are not talking about lending money to companies that later become successful. Instead, we're talking about lending computing power to successful machine learning (M.L.) based tasks. The overarching goal of the project is to connect machine learning models in a way that creates value. The end result is an ML-based network protocol that has been successful over the past year.
You, I, and anyone else with extra computing power can lend it to Bitensor. In return, we will reward you with TAO. Those who achieved this in the past year were rewarded handsomely. Although TAO has fallen recently, these investors are still far ahead.
Bitcoin has plenty of room to rise again following the halving, which is expected to cause TAO to surge again.
Dogecoin (DOGE-USD)
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dogecoin (doge – usd) brings huge profits when the cryptocurrency market soars. The cryptocurrency market is surging on the strength of Bitcoin. Our role as market leader is well established.
The important thing to note here is that when Bitcoin soared above $70,000 in the pre-halving frenzy in March, Dogecoin soared nearly 80%. Dogecoin is currently trending down from the peak of 22 cents it reached in early April. But even in 2024, he's essentially doubled.
Everyone now knows what Dogecoin is. It is a unique asset that captures the spirit of speculation despite having little practicality. Normally that would and should deter investors. But Dogecoin is a unique mystery that counters that idea.
To me, this is the epitome of speculation and relative stability built into one cryptocurrency. No other meme coin offers such a combination of factors as Dogecoin. So despite all the negativity surrounding it, it's still worth considering. Bitcoin rose by X percent and Dogecoin rose by plus X percent.
Fetch.ai (FET-USD)
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The last part of the list of virtual currencies to purchase is fetch eye (FET-USD). Fetch.ai is essentially related to the field of artificial intelligence and machine learning. AI and ML are two of the most important factors driving the market up right now. FET, Fetch.ai’s native token, powers the decentralization of AI and ML.
I think this is especially important as investors have switched from Web 3.0 to AI over the past three years. My guess is that going forward we'll focus on a combination of them. Of course, Fetch.ai combines these two elements to make it attractive.
Bitcoin halving has occurred. Historically, there are periods of volatility that create opportunities after a halving. As Web 3.0/AI/ML projects continue to gain momentum, it's easy to see why FET is a logical choice.
The project is up nearly 600% over the past year, even after dropping nearly $1 to $2.20. If optimism returns again, it would be very easy for FET to reach $3 soon, providing quick returns for investors. The cryptocurrency wilderness is still a place to make a lot of money.
On the date of publication, Alex Sirois did not have (directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer and are influenced by InvestorPlace.com. Publishing guidelines.
