The Bitcoin halving is one of the most anticipated events of the year. With Bitcoin touching the ambitious milestone of $70K, the industry is encountering increased user momentum.
The event of Bitcoin halving is crucial in many ways. It is set to bolster the price of BTC in the long run while keeping its element of scarcity intact. However, the event of Bitcoin halving is also associated with a change in the natural crypto market, where the influx of funds towards other altcoins increases.
Keeping that aspect in mind, Here are our three most popular altcoin lists that may potentially double their prices post-Bitcoin halving.
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Three Crypto Coins That Can Increase 10x Post-Bitcoin Halving
Cryptocurrency #1: Ethereum
Historically, bitcoin-halving events have been known to bring considerable attention to other altcoins. While Bitcoin may notice slight price fluctuations that can either skyrocket or dip soon after halving, Ethereum, on the other hand, can gain prominence at that given time.
Ethereum can avail of a significant price boost due to the increased user activity and interest at the time. Per CoinCodex, Ethereum is predicted to gain 2% by the end of April 2024.
“According to our current Ethereum price prediction, the price of Ethereum is predicted to rise by 2.12% and reach $3,619.40 by May 1, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 79 (extreme greed). Ethernet recorded 17/30 (57%) green days with 5.86% price volatility over the last 30 days.”
The overall year predictions for Ethereum are super positive, giving ETH the much-needed boost that the token deserves.
“Ethereum is forecast to trade within a range of $3,544.26 and $6,647.98. If it reaches the upper price target, ETH could increase by 87.56% and reach $6,647.98.”
Cryptocurrency #2: Litecoin
Litecoin is another promising cryptocurrency that can gain significant market momentum after the Bitcoin halving. Litecoin is famously known as Bitcoin’s other half due to the striking design similarities that the blockchains share. Similar to Bitcoin, Litecoin also undergoes halving events to keep its supply chain equilibrium in place.
Post the ambitious bitcoin halving, market sentiment may rummage through the space to find promising crypto coins to invest in. This is where Litecoin comes into play, with its already robust design structure and solid future path and trajectory.
Per CoinCodex, Litecoin is set to gain 5% by the end of April 2024.
“According to our current Litecoin price prediction, the price of Litecoin is predicted to rise by 5.16% and reach $115.99 by May 1, 2024. Per our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 79 (extreme greed). Litecoin recorded 18/30 (60%) green days with 6.59% price volatility over the last 30 days.
Similarly, the platform predicts Litecoin to have gained nearly 125% by the end of 2024.
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“Litecoin is forecast to trade within a range of $107.51 and $235.71. If it reaches the upper price target, LTC could increase by 125.21% and reach $235.71.”
Cryptocurrency #3: Cardano
Cardano, one of the leading crypto coins, has noted a quiet user flurry and interest as of late. The token has been steadily climbing up the ladder, all while developing robust projects that may help the blockchain thrive in the long run.
With Bitcoin halving taking place, the sporadic user interest coupled with a search to find coins that work in the long run will have investors ultimately shift their attention toward Cardano.
Cardano is promising in many ways. Its versatile blockchain uses, TVL, and DeFi metrics have shown remarkable ascents this bull season, making it a credible coin to invest in and maximize returns with.
Per CoinCodex, Cardano is poised for 4% growth by April 2024.
“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 4.36% and reach $0.676208 by May 1, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 79 (extreme greed). Cardano recorded 16/30 (53%) green days with 7.25% price volatility over the last 30 days.”
Similarly, the platform further predicts that ADA will breach the $2 mark by the end of 2024.
“Cardano is forecasted to trade within a range of $ 0.593887 and $ 2.60. If it reaches the upper price target, ADA could increase by 311.98% and reach $2.60.”
