Altcoins
Top 4 Altcoins Ready to Take Off in the Bitcoin Halving Era
Crypto enthusiasts are eagerly awaiting the next big event. Bitcoin halved, scheduled for April 2024. The development planned to create a BTC supply shortage could have a direct impact on the price. With a history of post-halving rallies, the Bitcoin Price will likely boost the altcoin market. Thus, leading assets like Ethereum (ETH), Shiba Inu (SHIB), Toncoin (TON) and ORDI stand out as promising investments that generate high returns on investment.
1. Ethereum (ETH)
Ethereum (ETH), the open-source proof-of-stake blockchain that supports smart contracts, holds the title of the second-largest cryptocurrency in the market by capitalization after Bitcoin. Recently, the value of Ether surpassed the $4,000 mark, marking a significant uptrend with growth of over 46% in a month.
This rise was fueled by the introduction of ETFs and the Ethereum Dencun project, propelling Ether from a valuation of $2,000 to $4,000. Despite a slight decline over the past 24 hours, with a 1.79% drop to $3,994, the Ethereum price maintains its upward trajectory. As the Bitcoin halving event approaches, Ethereum is being touted as one of the top four altcoins, with potential returns ranging from 10x to 100x.
2. Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB), a popular meme-inspired digital currency, has quickly established itself on the decentralized finance scene, supported by a large global audience. This meme-generated asset has seen a rapid rise in fame and market value.
In recent trading, SHIB has entered a bullish period, marking a significant 28% rise over the past week and an impressive 262% increase over the past month. This growth trend aligns with the broader cryptocurrency bull market, which has also increased others meme tokens such as PEPE, DOGE, BONK and WIF.
Currently, the Shiba Inu Price is trading at around $0.00003395, with a recent rise of 3.56%, signaling the potential for further gains. SHIB’s market cap briefly surpassed $19 billion, catapulting it into the top ten cryptocurrencies by market cap and demonstrating its appeal as a leading alternative coin. The introduction of ShibariumSHIB’s Layer-2 solution, has generated enthusiasm, contributing to the increase in the burn rate of the token and the bullish market dynamics supported by a rise in BTC.
3. Toncoin (TON)
Toncoin (TON) is revolutionizing the blockchain landscape with its commitment to scalability and user accessibility. Developed by Telegram, this layer 1 blockchain promises to handle massive user volumes, with tiny transaction fees and fast processing times. Currently, TON occupies the 13th position on CoinMarketCap, with a market valuation of $14 billion.
Recently, The price of Toncoin saw a slight drop of 0.4% in one day, with its price at $4.25. Despite this slight decline, the digital currency has seen a remarkable growth spurt, climbing 57% over the past week and surpassing 90% last month. This surge positions TON as a prime candidate for investors, hinting at a potential 100x surge ahead of Bitcoin’s next halving event.
4. COMPUTER
ORDI has recently gained particular attention for its innovative use of the Ordinals protocol, which integrates information into the smallest fraction of Bitcoin, the satoshi. This method leverages the existing 2.1 trillion satoshis to enable extensive data storage on the Bitcoin blockchain itself.
Binance’s announcement sparked an impressive 13% increase in the value of the Ordi (ORDI) token over the past month, reaching a high of $6.92. This price rise brought the token’s market capitalization to an impressive $1.69 billion, according to CoinMarketCap. With the Ordinal prices now at $80.84, although with a slight decline of 0.45%, there is speculation of a potential price rise of 10 to 100 times before the next Bitcoin halving event.
Conclusion
With the Bitcoin halving on the horizon, now is a pivotal moment for cryptocurrency investments. Ethereum, Shiba Inu, Toncoin and ORDI, in particular, are showing signs of significant potential. For investors seeking substantial returns, these altcoins represent promising opportunities to capitalize on market momentum.
Related Articles