The cryptocurrency market witnessed a surge in investor sentiment as Bitcoin (BTC) hit a new all-time high earlier this week. Moreover, with BTC’s next halving cycle set to take place in April, we may witness another surge in the crypto market.
Follow the Bitcoin halving live countdown.
With that said, let’s look at three assets that could surge due to BTC’s halving.
Top 3 cryptocurrencies to watch before Bitcoin’s halving
Ethereum (ETH):
Ethereum (ETH) is the second-largest cryptocurrency by market cap and follows BTC’s bullish trajectory. The asset recently breached the $4000 price point, a level last seen in late 2021. ETH is currently down by only 17.2% from its all-time high of $4,878.26, which it attained in November 2021.
Also Read: Top 3 Cryptocurrencies To Watch Under $1 For March End 2024
If BTC continues its bullish outlook, fuelled by its upcoming halving cycle, ETH may reclaim its all-time high level, if not surpass it. Moreover, there is a lot of talk about a potential spot ETH ETF (Exchange Traded Fund), which could further push the asset’s price.
Toncoin (TON):
Toncoin (TON) has also seen a significant rally over the last few weeks. The cryptocurrency has rallied 14.5% in the daily charts, 61.6% in the weekly charts, 97.8% in the 14-day charts, and 105.7% over the previous week. Moreover, the TON’s price has increased by nearly 81% since March 2023.
Also Read: Top 3 Cryptocurrencies That May Deliver 30% Profits in March
TON is currently down by 17.9% from its all-time high of $5.29, which it attained in November 2021. The asset may reclaim its all-time high if BTC continues its rally.
Solana (SOL):
Solana (SOL) was among the best-performing cryptocurrencies in 2023, and the asset has continued its bullishness into 2024. SOL is currently down by 41.5% from its all-time high of $259.96, which it attained in November 2021, a few days before BTC hit its peak. There is a possibility that SOL will reclaim its all-time high level fuelled by BTC’s halving in April.