With the upcoming bitcoin halving event, which is highly anticipated across the crypto market, smart investors aren’t hesitating to look beyond bitcoin, as they are interested in other cryptocurrencies to capitalize on potential bullish opportunities.
In this article , we will focus on the top five altcoins that are set to surge in value after the BTC halving. These curated altcoins – KangaMoon (KANG), Solana (SOL), Litecoin (LTC), Polygon (MATIC) and Near Protocol (NEAR) should provide much-needed fuel for optimism in the crypto market.
About Bitcoin Halving Phase
Among the numerous factors influencing altcoin performance, the Bitcoin halving phenomenon stands out as a beacon of bullish possibilities. Historically, Bitcoin halvings have been catalysts for bullish market sentiments, triggering supply shocks that lead to increased scarcity and heightened demand.
This scarcity-driven narrative often fuels a surge in Bitcoin’s price, creating a ripple effect that extends to altcoins both in the DeFi and meme coin market. That said, let’s delve into the prospects of these 5 best altcoins to buy, as well as their potential to capitalize the Bitcoin’s halving this year. Starting with the new meme coin token shaking up the P2E and DeFi market, we have— KangaMoon
Top Altcoins to Buy To Secure Gains After the Halving
- KangaMoon (KANG)
At the forefront of most presale coins right now is KangaMoon (KANG), a unique Play-to-Earn meme token that is currently thriving in the gaining attraction from the DeFi Market as the best altcoin to buy for tremendous presale profits. Currently in its stage 5 presale, the KangaMoon token project has already raised over $4 million in presale revenue with over 20,000 registered members and over 6,000 $KANG holders.
Most analysts are predicting that KangaMoon will see a significant 1000% growth by the end of the presale. So far, the token has granted early buyers a 290% ROI after jumping from an initial price of $0.005 to $0.0196 in the fifth stage of the presale. As the price increases throughout the presale stages, the revenue is also expected to grow, potentially surpassing $6M by the end of the month and over $10 million by the end of the presale.
Leaving all the figures aside, KangaMoon itself is an intriguing project where you can battle players worldwide and even bet on battle outcomes. Interestingly, if you join the project now, you get a chance to earn $KANG tokens by completing a social media challenge of commenting and sharing posts from their page.
- Solana (SOL)
Solana (SOL) is a high-performance blockchain platform known for its fast transaction speeds and low fees. Its scalability and ability to handle a high throughput of transactions make it an attractive choice for decentralized applications (dApps) and smart contracts. With Bitcoin’s halving effect potentially driving increased interest in alternative cryptocurrencies, Solana’s strong technical fundamentals and growing ecosystem could lead to a surge in demand and price appreciation.
- Litecoin (LTC)
Often referred to as the “silver to Bitcoin’s gold,” Litecoin (LTC) is a well-established cryptocurrency with a focus on fast and low-cost transactions. Its halving events, similar to Bitcoin’s, have historically led to price rallies as the supply of new coins decreases. Litecoin’s reputation as a reliable and secure cryptocurrency, coupled with its potential for increased adoption during bullish market phases, positions it as a promising asset to consider in the wake of Bitcoin’s halving.
- Polygon (MATIC)
Polygon, formerly known as Matic Network, is a layer 2 scaling solution for Ethereum that aims to improve scalability and reduce transaction costs. As Ethereum faces challenges with network congestion and high gas fees, solutions like Polygon become increasingly valuable. The potential for increased usage of layer 2 solutions post-Bitcoin halving, driven by a broader crypto market uptrend, could significantly benefit Polygon’s ecosystem and token value.
- Near Protocol (NEAR)
Near Protocol is a blockchain platform focused on scalability and usability, aiming to make blockchain technology more accessible for developers and users alike. Its unique sharding mechanism allows for high transaction throughput and lower costs compared to traditional blockchains. With Bitcoins halving potentially sparking renewed interest in cryptocurrencies, Near Protocol’s focus on scalability and user-friendly experiences positions it well for growth and adoption in a bullish market scenario.
How High Can Bitcoin Reach After Halving?
Forecasts from notable figures like Robert Kiyosaki hint at a potential surge, with predictions pointing to Bitcoin possibly hitting $100,000 as early as June 2024. Meanwhile, financial institutions such as Standard Chartered offer even more optimistic projections, suggesting a remarkable climb to $200,000 by the end of Q4.
How Do Investors Prepare for Bitcoin Halving Events?
Traders and investors often analyze historical trends, market sentiment, and fundamental factors leading up to Bitcoin halving events. Strategies may include increasing exposure to Bitcoin, diversifying into altcoins, or adjusting trading positions based on anticipated price movements.
When Will Bitcoin Halving Commence?
Bitcoin halving occurs approximately every four years or after every 210,000 blocks are mined. During a Bitcoin halving, the block reward that miners receive for validating transactions is cut in half. Initially set at 50 Bitcoins per block, the first halving in 2012 reduced this reward to 25 Bitcoins. Subsequent halvings occurred in 2016, reducing the reward to 12.5 Bitcoins, and in 2020, reducing it further to 6.25 Bitcoins per block. The next Bitcoin halving approaches on April 17, 2024.
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