The highly anticipated Bitcoin halving event is just around the corner, and many investors are excitedly waiting to see what impact it will have on the cryptocurrency market. Bitcoin reaches the impressive $70k milestone, which has sparked a surge in user activity within the crypto industry.
While experts have varying opinions on how this event will affect Bitcoin’s price or even other cryptos. However, during Bitcoin’s halving, the flow of investments towards altcoins tends to rise, impacting the crypto ecosystem at large.
With the increasing popularity of altcoins, investors are constantly on the lookout for promising projects with high potential for growth. In this article, we will explore three altcoins that are set to increase 10 times in value post-Bitcoin halving.
Top 3 Crypto Coins Poised to Surge 10x After Bitcoin Halving
In the past, Bitcoin halving events drew significant attention to altcoins. During this event, Bitcoin may experience price fluctuations, leading to either rapid increases or drops.
Crypto #1: Ethereum (ETH)
Ethereum is the second-largest cryptocurrency by market capitalization and has been a top choice among investors and traders due to its smart contract capabilities. Ethereum may experience a notable price surge this month due to increased user engagement and growing interest.
As we found on CoinMarketCap, Ethereum has seen a 10% increase in value over the last week, and many experts believe this trend will continue post-Bitcoin halving. The ETH Coin is currently trading at $3,310.37, showing over 15% increase in 24-hour trading volume.
As per our technical analysis and market trends, Ethereum is expected to reach a maximum price of $4,508.34, with an average price level of $4,083.02 by the end of 2024. On the other hand, the minimum price can fall to $3,827.83 if the crypto market shows a bearish trend.
Crypto #2: Cardano (ADA)
Cardano is a proof-of-stake (PoS) blockchain project that aims to provide a more energy-efficient and scalable platform compared to Ethereum for the development of Web3 applications. Its focus on sustainability and governance sets it apart in the blockchain ecosystem.
As per CoinMarketCap, ADA is a native token of the Cardano ecosystem that has shown 8% increase in value over the last 7 days. The ADA Coin has gained huge popularity in the crypto market and is currently trading at approximately $0.5897.
According to our Cardano price prediction, the ADA Coin is anticipated to touch a maximum price of $1.04 and while the average level can be trading at around $0.94 by the end of 2024. However, if the market faces any major bearish trend, the value of this coin can decline to $0.88 by 2024.
Crypto #3: Litecoin (LTC)
Litecoin, known as “the silver to Bitcoin’s gold,” has been a popular cryptocurrency since its launch. With a faster transaction speed and lower fees compared to Bitcoin, Litecoin is often seen as a better alternative for day-to-day transactions.
Litecoin is another promising cryptocurrency that shows potential for substantial market growth following Bitcoin’s halving. Just like Bitcoin, Litecoin also experiences halving events to maintain supply chain stability. This strategic alignment contributes to the unique dynamics of Litecoin’s ecosystem.
Based on our Litecoin price forecast, the LTC Coin is anticipated to reach a maximum price of $246.66 and the average price could be trading at around $223.39 by the end of this year. Further, if the crypto market faces any negative news, then Litecoin may decline to $209.43 by 2024.
Also Read: Top 7 Solana Airdrops to Boost Your Profits in April 2024
Disclaimer
The information in this article should not be considered financial advice, and the OvenAdd platform is intended only to provide educational and general information. Please conduct your own research and consult a financial advisor before making any investment choices.
