Bitcoin halving is dubbed one of the most widely anticipated events in cryptocurrency history. It is crucial to keep the supply of Bitcoin scarce while keeping its price elevation and rarity quotient in check.
Bitcoin-halving events are scheduled once every four years. These events are often marked by a disintegrated user approach.
As halving makes Bitcoin prices quite volatile, investors’ sentiment during this time may notice a radical shift, where traders may explore other coins to maximize returns and stabilize their gains. Here are our top three cryptocurrencies, whose prices may explode after the Bitcoin halving event.
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Top Three Crypto Tokens to Gain Momentum Post-Bitcoin Halving
#1: XRP
While XRP is lacking notable price action this bull season, several crypto analysts are still bullish on its future price trajectory. With Ripple busy forming new alliances with global financial leaders and institutions, XRP is poised to hit big sooner rather than later. The current XRP target for its community is directed towards helping the token breach the $0.75 mark. Once it crosses crucial resistance at the $0.75 price level, the token is expected to breach past bullish horizons.
Per CoinCodex, the XRP may soon enter a bullish zone. By the end of April 2024, XRP is expected to breach past $0.65, making it easier for the token to cross past $1 by the end of 2024.
“According to our current XRP price prediction, the price of XRP is predicted to rise by 13.93% and reach $0.694550 by May 12, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 79 (extreme greed).”
#2: Ethereum
Ethereum is the second-largest crypto by market cap. The token is presently trading at $3513, down 3% in the last 24 hours. After the momentous Bitcoin Halving event, user sentiment is poised to shift toward the second-best altcoin, which is Ethereum, which will ultimately help its price gain considerable momentum.
Per CoinCodex, Ethereum is expected to trade in a new price range post-Bitcoin Halving event. ETH is anticipated to trade at $3,641 by April 24th.
“The Ethereum price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Ethereum projections, ETH will be changing hands at $3,626.93 on April 19, 2024, gaining 2.10% in the process.”
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#3: Solana SOL
Solana has been leading the crypto space this bull season. The token’s price hike has been significantly driven by the presale frenzy that has taken its blockchain by storm. Per CoinMarketcap, Solana is trading at $172, noting a slight decrease of 1.2% in the last 24 hours.
The token is currently the center of presale projects, driving its value to new levels. With pending projects yet to be launched, the price of SOL is expecting heavy user volume post-the Bitcoin Halving event.
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Per CoinCodex, the platform predicts SOL to trade at $177 by April 27, 2024.
“According to our current Solana price prediction, the price of Solana is predicted to rise by 13.76% and reach $198.60 by May 12, 2024. Per our technical indicators, the current sentiment is neutral, while the Fear & Greed Index is showing 79 (extreme greed). Solana recorded 18/30 (60%) green days with 5.34% price volatility over the last 30 days.”