Altcoins
Top 4 Altcoins to Skyrocket Your Wealth After Bitcoin Halving
After a gap of four years, the highly anticipated Bitcoin halving event is on the calendar for next month, April. Leading digital asset BTC hit a new all-time high of $73,800 in early March, lifting a leading cryptocurrency to new highs. With renewed interest in cash buyers Bitcoin ETFthe base asset with key altcoins such as Ethereum (ETH), Solana (SOL), XRP and Shiba Inu (SHIB) are poised for accelerated momentum in the future.
Bitcoin’s price peaked at $73,373 for the first time in history, while its market capitalization reached a new record high above $1.4 trillion in March.
However, increased profit-taking activity triggered a sell-off, causing the BTC price to plummet to $60,000 in the previous week. At the time of writing, Bitcoin had regained significant ground but was still struggling with resistance at $70,000.
Based on Bitcoin’s performance after the past reduce by half, investors want to find the best altcoins to buy to make the most of the bull market. With some top tokens like Ethereum, Solana, PEPE, and SHIB, wallets could easily be worth over $100,000 in 2024.
1. Ethereum (ETH)
The sell-off around mid-March triggered immense buying opportunities among whales, but that interest appears to have petered out this week. After peaking slightly below $3,700, a new wave of profit-taking engulfed Ether, dampening the uptrend while cultivating an ongoing correction.
If the rising wedge configuration is confirmed, Ethereum will trigger another sell-off pointing towards support zones of $3,200 and $3,000, respectively.
Ethereum Price Chart | Commercial view
The Moving Average Convergence Divergence (MACD) indicator confirms the bearish outlook, signaling a further decline from its current market value of $3,527.
A sell-off to $3,000 might not be bad news, however, as investors may take advantage of the opportunity to buy more Ethereum in anticipation of a major parabolic rally following the Bitcoin halving.
2. Solana (SOL)
The second half of March was marked by significant volatility across major cryptocurrencies, including Solana. The price of Bitcoin corrected sharply to $60,000, only to rebound above $70,000 in a fortnight, contributing to a feeling of unpredictability among market participants. However, despite this consolidation, the SOL Price displays an opportunity to generate a directional rally with the formation of a bullish pennant pattern.
Solana Price Chart | Commercial view
Amid the recent market correction, the Solana coin the rally came back from the $210 barrier, moving the price trajectory sideways on a 4-hour chart. Consolidation bouncing off two converging trendlines indicates the formation of a technical chart pattern called a pennant.
This bullish continuation pattern occasionally develops within an established uptrend to give buyers breathing room to reclaim bullish momentum. SOL price is currently trading at $181 and with a 5% intraday loss, it is heading towards the lower trendline of the pattern. With a market capitalization of $80.5 billion, Solana coin maintains its position as the fifth largest cryptocurrency.
3. Pepe Coin (PEPE)
Pepe, a popular meme-based cryptocurrency, has been on an uptrend recently, captivating traders and investors with its upward trajectory. However, the latest developments have shown a rapid change in market dynamics.
Cryptocurrency has seen a notable decline; Currently, Pépé Prize is at $0.000007708. This represents a decline of 6.94%, indicating a shift towards bearish market sentiment.
Pepe Coin Price Analysis Chart | Commercial view
With the Bitcoin halved event on the horizon, anticipation is building for a potential surge across the crypto spectrum, including Pepe. Meme tokens, alongside major cryptocurrencies in the Ethereum and Solana ecosystems, are expected to regain momentum after the recent market correction.
The cryptocurrency market is undergoing considerable adjustments, with major players like Bitcoin and Ethereum experiencing declines below their respective benchmarks of $69,000 and $3,600. This slowdown led to increased selling pressure, further worsening the overall market crisis and affecting the broader cryptocurrency landscape.
4. Shiba Inu (SHIB)
Shiba Inu, the popular dog cryptocurrency, rebounded from the $0.000024 support, following a two-week correction from the $0.0000458 high. The positive turnaround propelled the asset’s value by 30% in a week, to currently trade at $0.00003. The resumption of recovery in the market as a whole likely influenced this situation. Shiba Inu Price reversal, targeting $0.000045 if buyers maintain momentum.
The recent recovery of the cryptocurrency market, which brought the Bitcoin Price from $60,000 to $70,000, has had a huge effect on the meme coin industry. The leading tokens in this asset class, Dogecoin, Shiba Inu, PEPE and FLOKI, posted double-digit gains this week, reflecting renewed recovery sentiment among traders.
Shiba Inu price reached the low of its correction trend at $0.00002388, before rallying back to $0.00003. THE SHIB Price the rally will likely intensify following the listing announcement on Bitcoin.com.au, a major Australian crypto exchange. This development is expected to expand the investor base and liquidity of SHIB in Australia, potentially increasing its adoption and market value.
Shiba Inu Price Chart | Commercial view
With an intraday loss of 2.4%, SHIB price moves back towards the lower support trendline of the pattern. If history repeats itself, the coin price could bounce off the rising support, aiming for a 16% increase to reach the resistance at $0.0000345, and then target $0.000038.
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