Altcoins
3 Under the Radar, Altcoins Expected to Hit $100 Before Bitcoin Halving
With Bitcoin halving expected today, crypto enthusiasts are already starting to take positions in various altcoins. Among these, there are a number of coins that have shown great promise when it comes to hitting the $100 mark and this report examines three of them.
MoonRiver (MOVR) Tops Altcoin List to Hit $100
The MoonRiver (MOVR) token has been flying under the radar for some time now. This is due to the altcoin’s price falling from its all-time high of $485 to $5 earlier in 2023. However, this has not eradicated the asset’s bullish narrative.
So far, as the crypto market has recovered, the MOVR token has seen one of the biggest rallies. In the days leading up to Christmas, the price would rise from around $6 to $44 in a matter of days, a 700% gain during that time.
Since then, the price has pulled back and fallen by around 50%. But with the price still above $20, this shows a lot of promise for the coin. Considering its low supply of around 11 million coins and its tendency to rise rapidly in a short time, MoonRiver is one of the coins on the verge of crossing the $100 mark.
MOVR price at $24 | Source: MOVRUSDT on Tradingview.com
Litecoin’s (LTC) slow move is coming to an end
THE Litecoin price rose immensely in 2023, leading to its halving and was among the best performing altcoins. However, once the halving is completed, the LTC Price would collapse and fall into a slow, steady decline. However, this changed as the price of the coin began to gain momentum again.
With the reversal of Bitcoin, the Litecoin price is rising again, briefly crossing $75 early Tuesday. The altcoin, often referred to as digital silver, could be poised for firmer rallies, especially as the Bitcoin halving draws closer, which is often a bull market catalyst. If this continues, then LTC could easily exceed $100.
Avalanche (AVAX) sees an awakening
Just like Solana (SOL), the Avalanche network experienced an awakening that brought investors back to the chain. Consequently, the AVAX Price recovered from a low of $9 in 2023 to a high of $47 in December 2023.
As the new year approached, the Avalanche network continued to benefit from attention from crypto investors, which helped it maintain its bullish momentum. Just like MoonRiver (MOVR) and Litceoin (LTC), Avalanche (AVAX) is another token that is expected to cross the $100 mark.