In the blockchain and cryptocurrency industry, there is a lot of excitement about the upcoming Bitcoin halving in April. A lot of investors think that this time will be no different from the past, when Bitcoin experienced a price spike after each halving event.
It’s essential to keep in mind that, despite everyone’s attention being focused on Bitcoin, even reaching $100,000 would represent a slight gain from its current price.
Investors are considering other cryptocurrencies that might profit from the halving in light of this. These three investments have the potential to see large returns soon.
This article highlights three cryptocurrencies that are worth considering before Bitcoin halving, as they could potentially see gains of 10x or more in the coming weeks.
Table of Contents
TheTop 3 Crypto to Buy Before Bitcoin Halving are
- Cardano (ADA)
- Litecoin (LTC)
- Chainlink (LINK)
Cardano (ADA)
Developed to get around the drawbacks of older blockchains like Ethereum and Bitcoin, Cardano (ADA) is a cutting-edge blockchain platform. Offering a more scalable, interoperable, and sustainable blockchain solution has been Cardano’s main goal since its founding in 2017.
Price Analysis
With a current price of $0.644, Cardano (ADA) has $390,027,977.58 in 24-hour trading volume. The price has risen by 2.10% in the last 24 hours and decreased by -5.07% during the previous 7 days. Cardano has 35 billion ADA in circulation, making its market capitalization $22,702,426,138.
A potential “Double Bottom” pattern for Cardano (ADA) is shown on the graph; this configuration typically denotes a bullish trend. If ADA breaks through the $0.64 resistance level, this pattern will be confirmed. After the pattern is confirmed, a trader can think about initiating a long position with a target exit price of about $0.93, depending on how high the pattern is expected to rise. For confirmation of entry, it is important to watch the breakout over $0.64.
You should also be on the lookout for any declines below the significant support level around $0.35, which might undermine the bullish outlook. There is a Medium Confidence level attached to this advice, and risk management techniques are not taken into account.
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Price Prediction
Cryptocurrency specialists’ prediction for the ADA price in April 2024 is that this month, the lowest possible trading cost might be $0.608, while the highest possible cost could be $0.682. Cardano’s value is expected to be approximately $0.645 on average a ROI of 7%.
Litecoin (LTC)
Since the beginning, Litecoin (LTC) has become a well-known and extensively recognized cryptocurrency, sometimes referred to as the “silver” to Bitcoin’s “gold.” Litecoin, which was developed in 2011 by former Google engineer Charlie Lee, has certain special technical distinctions from Bitcoin.
Litecoin has demonstrated steady performance over the last nine years and is presently positioned inside the top 30 cryptocurrencies in terms of market capitalization.
Price Analysis
The price of Litecoin (LTC) is currently $90.22, and throughout the past day, trading volume has totaled $687,616,549.02. Over the last seven days, the price has increased by 4.90% and 5.06%, respectively. With 74 million LTC in circulation, Litecoin has a $6,700,301,297 market cap.
A symmetric triangle formation on the chart points to a potential consolidation phase. A bullish trend continuation may be indicated if the price breaks above the pattern’s upper trendline and the breakout is validated. After the breakout is confirmed, traders could want to consider initiating a long position with a target exit price of approximately $200, which is based on the pattern’s beginning point. To boost trust in the trade, don’t forget to confirm the breakout with significant volume.
Price Prediction
Cryptocurrency specialist’s prediction for the LTC price in April 2024 is that this month, the lowest possible trading cost might be $84.25, while the highest possible cost could be $94.33. Cardano’s value is expected to be approximately 89.29 on average and a ROI of 8.1%.
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Chainlink (LINK)
A fully decentralized oracle network called Chainlink (LINK) was created to connect smart contracts with actual facts. The moniker LINK is a good fit for what it does. Although it supports ERC-223 standards, its primary purpose is that of an “ERC-20 token”. Chainlink (LINK), co-founded by Steve Ellis and Sergei Nazarov, raised $32 million in its first initial coin offering (ICO) in September 2017 and distributed one billion LINK tokens.
Price Analysis
Today, Chainlink (LINK) is priced at $18.55, and its 24-hour trading volume stands at $301,336,511.55. Over the past 24 hours, the price has increased by 2.31%, while in the last 7 days, it has experienced a decline of -0.65%. With a circulating supply of 590 Million LINK, Chainlink’s market cap is valued at $10,900,908,623.
The LINK/USDT chart shows a “Cup and Handle” pattern, indicating a potential uptrend. Confirmation comes with a breakout above $18.50 resistance. Traders may enter long positions after the breakout, targeting around $32.40. Keep an eye on the $18.50 level for a confirmed bullish signal.
Price Prediction
Cryptocurrency specialists’ prediction for the LINK price in April 2024 is that this month, the lowest possible trading cost might be $20.25, while the highest possible cost could be $23.38. Cardano’s value is expected to be approximately $21.82 on average a ROI of 27.6%.
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Conclusion
In a nutshell, investors are ready to investigate other cryptocurrencies in light of the upcoming Bitcoin halving in April. With the potential for large returns, ADA, LTC, and LINK have emerged as intriguing possibilities. A possible double bottom design is being displayed by ADA, a symmetrical triangle is being formed by LTC, and a cup and handle pattern is being formed by LINK. There is a unique investing potential associated with each of these cryptocurrencies. Experts estimate that by April 2024, prospective returns on investment might range from 7% to 27.6%, which presents attractive opportunities for investors looking to diversify their cryptocurrency holdings.