Bitcoin to Halve: 3 Cryptocurrencies to Purchase.
Hello Familly,
April 13,2024.
Let's Start,
one of the most eagerly awaited occasions of the year for cryptocurrency investors is the impending halving of Bitcoin (CRYPTO: BTC). Previous halving cycles have caused Bitcoin to soar to unprecedented heights and make all-time highs. Naturally,
Bitcoin is the centre of attention right now. However, a further intriguing pattern appears following the halving: leading altcoins typically experience a sharp increase in market capitalization as they follow Bitcoin upward. Indeed, in the year that followed the halving, a few of these coins performed better than Bitcoin. In light of this, the following three cryptocurrencies have the potential to rise even further in 2024 and 2025.
1. Solana
Even though Solana's (CRYPTO: SOL) value has significantly decreased from its explosive 2023 surge—during which it had a gain of over 900%—it is still outpacing Bitcoin by 2024. Solana is up 67% and Bitcoin is up 66% so far this year. COMMERCIAL A significant portion of that is attributed to Solana's current status as "the next Ethereum (CRYPTO: ETH)." Solana is essentially a speedier, more affordable, and more effective version of Ethereum, as Cathie Wood of Ark Invest noted in November of last year. Therefore, in the same way that Ethereum excelled above other cryptocurrencies during the prior Bitcoin halving cycle, In the upcoming Bitcoin halving, Solana might rank among the best performing altcoins. When you consider that Solana has a strong mobile cryptocurrency strategy, this cryptocurrency has a great opportunity to stand out in the next bull market cycle. Solana currently has a smartphone that is crypto-optimized, in contrast to its competitors. Numerous new opportunities are being presented by this, including the chance to capture a larger portion of the cryptocurrency gaming market.
2. Chainlink
In the upcoming year, Chainlink (CRYPTO: LINK) might outperform Bitcoin as a secret pick. Yes, Chainlink has only increased by 15% so far this year, but to truly understand how much higher it might go in the future, you have to look ahead to what's coming up next. Real-world asset tokenization is a long-term financial trend that Chainlink is leading the way in. This is the process of transforming physical assets into digital ones that can be stored on a blockchain. Though this trend may be new to you, many of Wall Street's biggest names—including the world's largest asset manager, BlackRock (NYSE: BLK)—are now firmly in favour of it. By 2030, asset tokenization may represent a $16 trillion market potential, predicts the Boston Consulting Group. Chainlink's chances of future growth could be greatly enhanced if it can seize even a small portion of this market opportunity. And there are a lot of grounds for believing that it might. First off, Chainlink, which offers real-time data for financial asset pricing, is already the most reputable data oracle in the cryptocurrency space. Second, Chainlink is developing the Cross-Chain Interoperability Protocol (CCIP), a new blockchain protocol designed to link blockchains. This would greatly simplify the seamless movement of tokenized financial assets across blockchains.
3. SingularityNET
Save space in your portfolio, lastly, for a high-yield AI cryptocurrency. The convergence of artificial intelligence and cryptocurrency is ripe with opportunity, as noted by Cathie Wood of Ark Invest in her 2024 "Big Ideas" report. It can be challenging to sort through the hype given the current fervour surrounding AI,SingularityNET, however, is an AI cryptocurrency that intrigues me (CRYPTO: AGIX). AI microprocessor. Getty Images is the image source. SingularityNET concentrates on artificial general intelligence (AGI), as opposed to ChatGPT, which is more concerned with generative AI. That's a far larger business opportunity, and it has the potential to completely transform humankind.
The End.
