BTC - Prediction: The Bitcoin Halving Will Send These Cryptocurrencies Soaring
2024-05-29 09:10:00 ET
In the aftermath of the April halving, Bitcoin (CRYPTO: BTC) has understandably been the center of attention for crypto investors. Bitcoin has historically rallied in the early stages of a halving cycle, and investors view the current period as a fantastic time to buy Bitcoin before it potentially goes parabolic.
But don't forget about altcoins . These, too, tend to perform very well after any Bitcoin halving , given that a rising Bitcoin price tends to send the entire crypto market higher. As they say, a rising tide lifts all boats. With that in mind, here's a closer look at a handful of cryptocurrencies that could soar in value in 2024.
As a starting point, consider Layer 1 blockchain networks. These include big market cap names such as Ethereum (CRYPTO: ETH) , Solana , and Avalanche , as well as a handful of smaller, more nimble competitors such as Aptos and Sui . All of these currently rank among the top 50 cryptocurrencies in terms of market cap, with Ethereum being the clear market leader with a whopping $460 billion valuation.
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Prediction: The Bitcoin Halving Will Send These Cryptocurrencies Soaring