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3 ALTCOINS THAT CAN REACH 100X IN THE POST-HALVING RALLY

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The much anticipated Bitcoin halving of April 19, 2024, has resulted in a gradual rally in the price of most altcoins. Whenever this event occurs, the supply of Bitcoin in circulation reduces making it scarce and increasing its value.

Crypto traders and investors always anticipate Bitcoin halving as it tends to drive up the prices of other altcoins.

With the halving completed, some digital assets have shown bright prospects in the post-halving phase.

We have identified leading digital assets like Shiba Inu Coin (SHIB), XRP, and Toncoin (TON) capable of hitting 100x in gains

Shiba Inu Coin (SHIB)

As Bitcoin’s price reached new highs of $73,737 during mid-March 2024, SHIB was also affected, taking it to its yearly high of $0.00004282.

The current price of Shiba Inu Coin is approximately $0.00002288 and its market capitalization has gone above $13 billion ranking it as the 11th largest digital asset by market caps.

Shibarium, SHIB’s layer 2 solution has increased its burn rate and has stirred up excitement among the holders of the asset. This has also played a role in boosting its bullish market sentiment.

After the halving of Bitcoin took place, it is expected to further shoot up in price due to an increase in demand.

The effect of this increase will also cause SHIB and other leading digital assets to increase in value over the next few months.

XRP

XRP is Ripple’s crypto token used to facilitate transactions performed on their network. Crypto investors who use it to store value also make gains as its price fluctuates.

Being open-source and decentralized, XRP has gained prominence among a few other leading altcoins.

Transactions with XRP have low transaction costs, quick processing time, and minimal impact on the environment.

Despite XRP’s legal challenges with the US Securities and Exchange Commission (SEC), it has remained tough and consistently valuable.

XRP has always outperformed Bitcoin during halving, an example can be seen from what happened when it rose by over 100% during the halving in May 2020.

During Bitcoin’s second halving in July 2016, XRP spiked by 85%. These examples show that XRP witnesses a positive impact on its price whenever the halving occurs.

Currently, XRP has increased by 6% indicating a bullish trend. It has maintained a healthy bullish momentum qualifying it as one of the coins suitable for investment.

Toncoin (TON)

Toncoin is a coin developed and launched by Telegram in 2018. Its early utilities were previously accessible within the Telegram messaging app.

TON’s blockchain is designed with advanced layer 1 technology which is known to be scalable and easy to use. From its design, it is useable and adaptable to a broader audience.

The transaction fees are low on the blockchain, and yet, the transaction speed is awesome. TON is certainly bringing a revolution to the crypto blockchains.

Currently, Toncoin is trading at the price of $5.13 which is a 4.79% drop from its price in over 24 hours.

However, it has witnessed over 50% increase since the previous month which is a very good indication of what lies ahead.

Since one year ago, TON has risen by over 179% which is also impressive. It has a market capitalization of $21.83 billion, making it the 9th-ranked cryptocurrency by CoinMarketCap

Toncoin still has strong bullish momentum and will likely do well after this halving, having the potential to reach higher prices. It is therefore worth investing in.

Other Altcoins You Could Expect to Do Well After the Halving

Bitcoin Cash (BCH): Bitcoin Cash is closely related to Bitcoin but a cheaper alternative. Looking at its chart, it is in a prevalent uptrend likely to continue.

Dogwifhat: This is a meme coin that runs on the Solana blockchain and launched on November 20, 2023. Since its creation, it has quickly risen to become among the top meme coins.

Dogwifhat continues to capitalize on the trend, showing strong bullish confirmations as it breaks above the falling wedge on the 4h chart.

We shouldn’t be wrong to expect a surge in price in the coming weeks.

Ethereum Classic (ETC): this is a cheaper alternative to Ethereum which currently has a market cap of $4 billion and is trading for $25.16.

On the weekly chart, the price pulls back to retest the long range it broke out from. However, a golden cross formed after it touched the 200W and 50W EMA.

A rejection candle has also formed after the pullback indicating that the price has the potential to rally to new highs.

All indications confirm the bullish nature of this altcoin, and considering that it is the original Ethereum blockchain, it could prove a better choice for higher returns than Ethereum.

Conclusion

Bitcoin plays a big role in affecting many of the existing altcoins as is observed during the Bitcoin halving which takes place once every four years.

Looking at XRP, Troncoin (TON), and Shiba Inu and judging by their past performance and their current data, we can see signs of strength.

They are well-poised for high financial returns, that can potentially reach a 100% ROI in the coming months.

FAQs on 3 ALTCOINS THAT CAN REACH 100X IN THE POST-HALVING RALLY

  1. How do you find 100x altcoins?

Knowing the particular digital asset to invest in can be daunting, knowing those capable of reaching 100X can be more difficult. So how do we find them? Here are the steps below;

  • Visit Market Cap and filter, check for the Market capitalization
  • Check the volume/MarketCap Ratio
  • Research on the exchange Listings
  • Cross-check the On-chain Metrics
  • Check the Development Activities
  • Consider the team quality, community, and project uniqueness

 

  1. What is the market cap of Altcoin?

The market cap of Altcoins alone aside from Bitcoin and Ethereum is $235.712 billion as of today.

  1. Which coin will reach $1 in 2024?

Dogecoin is the first meme coin that has come so close to $1, this was noticed during the bull run in 2021. It reached an ATH of $0.74376 making it the closest altcoin to hitting $1 in 2024.

  1. What is the oldest Altcoin?

The first successful Altcoin to exist was the Namecoin (NMC). It was created in April 2011 to serve as Bitcoin’s alternative

  1. Which crypto can make you a millionaire?

A lot of millionaires have already emerged as a result of BTC’s fifteen years of existence. So BTC still has the possibility of making more millionaires.

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