Top 3 Coins Slated To Deliver Top Returns Post Bitcoin Halving
The ongoing bull phase of the cryptocurrency market has ushered in a new era for the leading crypto tokens. The market is brimming with new crypto coins, ready to be explored and interacted with on a larger scale.
With the Bitcoin halving approaching, several altcoins have already started to project pre-halving price changes. These changes could soon break into a bull market rush and help the tokens forge new price thresholds. Sailing through the current market momentum, here are our top three crypto coin picks that may deliver top returns post-Bitcoin Halving.
Also Read: Cryptocurrency: 3 Newly Launched Meme Coins That Can Surge 200% By April End
Top Three Crypto Coins Slated To Deliver Top Returns Post Bitcoin Halving
Cryptocurrency #1: Cardano ADA
Cardano is another leading altcoin that is poised to benefit from the upcoming Bitcoin Halving event. Per Dan Gambardello, Cardano is anticipated to go parabolic, which may catapult its price to new highs after the highly anticipated Bitcoin halving event.
Per CoinMarketcap, Cardano has been noting consistent price slumps this bull season. The platform shared how ADA has been underperforming despite expanding its network reach and mettle. The token is trading at $0.56, down 2% in the last 24 hours. The general price bracket for ADA has been declining as of late. The crypto has fallen 26% in the last month.
However, the metrics also reflect the anticipated price dips that various crypto platforms had earlier predicted.
According to Gambardello, Halving may shift user sentiment to other potential altcoins. The development is further expected to boost Cardano’s prospects, helping the token ascent and breach past the $1.2 price mark.
Cryptocurrency #2: XRP
XRP, one of the leading altcoins governing the crypto space, may also find new price thresholds post-Bitcoin halving. The token has noted an 11% fall in its price this bull season. The token has yet to experience any significant price action.
Recently, Ripple’s stablecoin launch announcement went viral on major crypto portals, pushing the XRP price to gain a modest 0.8% at press time. The token is trading at $0.56 and would require massive user sentiment to help its price cross past $1.
However, analysts are busy predicting positive XRP price forecasts. Egrag Crypto, a notable analyst on X, shared how XRP is rising at a gradual pace despite all odds.
The development is further corroborated by CoinCodex, which predicts XRP to gain 11% post-Bitcoin halving (late April–May first week).
“According to our current XRP price prediction, the price of XRP is predicted to rise by 11.75% and reach $0.652837 by May 5, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 79 (extreme greed). XRP recorded 16/30 (53%) green days with 4.11% price volatility over the last 30 days.”
Cryptocurrency #3: Shiba Inu
Shiba Inu, one of the original meme coins and a force to reckon with in the crypto world, is another crypto worth watching out for in April. Shib token has seen its fair share of hikes and dips while maintaining its general popularity and thriving and alive.
Per CoinMarketcap, Shiba Inu has noted a 30% dip in its price in the last month. Stable at $0.00002629, the token remains unfazed by general price sways and projects a bullish outbreak as predicted by various crypto analysts on X.
According to CoinCodex, Shiba Inu can gain a staggering 200% post-Bitcoin halving event, taking its price value to break past the $0.00008500 mark.
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 224.78% and reach $0.00008596 by May 5, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 79 (extreme greed). Shiba Inu recorded 13/30 (43%) green days with 9.38% price volatility over the last 30 days.”
Credit: Source link
