The cryptocurrency market seems to be edging towards a rebound, with Bitcoin (BTC) inching closer to the $70k mark again. Moreover, BTC will undergo its next halving cycle later this month. The halving event may trigger another bull run, sending many assets to new all-time highs.
With that said, let’s look at three crypto assets that analysts predict could hit new peaks in Q2 following BTC’s halving event.
Top 3 cryptocurrencies that could hit all-time highs
Shiba Inu (SHIB):
Shiba Inu (SHIB) is one of the most popular cryptocurrency assets in the market. Although the token had a lackluster year in 2023, analysts anticipate the asset to soar this year. SHIB is currently down by about 67% from its all-time high of $0.00008616, which it attained in October 2021. However, this may soon change.
Also Read: Cryptocurrency: Top 3 Crypto Coins Slated To Deliver Top Returns Post Bitcoin Halving
According to CoinCodex, SHIB could surge to $0.00009667 on May 6, 2024. Reaching $0.00009667 from current levels would translate to a growth of about 240.3%.
Avalanche (AVAX):
Avalanche (AVAX) is another popular crypto asset that could hit a new all-time high. AVAX is currently down by about 66% from its all-time high of $144.96, which it attained in November 2021. However, CoinCodex predicts the asset to reclaim its 2021 peak soon.
According to CoinCodex, AVAX could surge to $165.90 on May 6, 2024. Reaching $165.90 from current levels would translate to a growth of about 241.71%.
Also Read: Cryptocurrency: Top 3 Coins To Watch Out for in April for Maximum Profits
BNB:
Binance’s BNB token is another popular cryptocurrency that could reclaim its all-time high in Q2 2024. The asset is currently down by only 14.9% from its all-time high of $686.31, which it attained in May 2021.
According to CoinCodex, BNB could hit a new high of $742.77 on Apr. 27, 2024. Reaching $742.77 from current levels would translate to a growth of about 27.09%.
