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As bitcoin struggles to regain its peak, the resilience and potential of certain altcoins suggest a shift in cryptocurrency investment trends, generating investor interest.
bitcoin began a sharp rise, rising from $38,500 to a high of $73,500, surpassing its previous all-time high from 2021. However, the momentum faltered, with the price of bitcoin now at $63,995.12.
With bitcoin fluctuating, attention is focused on the impending bitcoin halving event, attracting cryptocurrency investors to explore opportunities for potential upside in the market.
This article provides a list of five must-watch cryptocurrencies ahead of the bitcoin halving, poised for potential gains of 10x or more in the coming weeks. You can also watch the video below to learn more about these crypto projects and subscribe to their Youtube channel for additional crypto-related content.
Additionally, Jacob crypto Bury runs a Discord community with 21,000 members, offering users trading tips and information on upcoming cryptocurrency pre-sales.
Cardano (ADA)
Cardano distinguishes itself as a project with promising prospects that go beyond its role as a tradable asset. Anchored in peer-reviewed academic research, it has fostered a strong community over time.
Recently, Cardano has seen significant growth attributed to the increase in total value locked (TVL) within its decentralized finance (DeFi) ecosystem. However, at the time of writing, Cardano price indicates a downward trend in the market, with the bears exerting control.
Priced at $0.61, $ADA is down more than 14% in the last seven days. Despite this drop, the price remains above the value of the simple moving average (SMA), currently set at $0.586.
The sudden price drop has not yet been offset by bullish activity. Furthermore, Cardano is facing resistance at $0.661, which it must overcome to rekindle the bullish momentum.
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Mina is presented as a simplified 'succinct blockchain' designed to optimize computational requirements for efficient decentralized application (dApp) operations. It remains at a constant size, ensuring a balanced approach to security and decentralization.
Mina's main goal is to establish an effective distributed payment system, allowing users to verify the platform from its inception without problems. Using zero-knowledge non-interactive succinct knowledge arguments (zk-SNARKs), Mina enables authentication while preserving sensitive information.
As of today, $MINA is valued at $1.16, with a 24-hour trading volume of $99.43 million and a market capitalization of $1.25 billion. Demonstrating resilience and growth, it has seen a 46% price increase over the past year.
Mina remains neutral trading above the 200-day SMA at $0.0894, as indicated by a 14-day Relative Strength Index (RSI) of 43.21.
Dogecoin20 (DOGE20)
Dogecoin20 emerges as a new cryptocurrency pre-sale project, with the aim of presenting a sustainable alternative to Doge. It is backed by an anti-inflation mechanism and green staking rewards, disbursed in additional USD DOGE20 tokens.
Dogecoin20, which functions as an ERC-20 token on the ethereum network, offers a greener option by employing the proof-of-stake (PoS) mechanism. Unlike older meme coins that require significant hardware and electricity to mine, Dogecoin20 only needs staking to improve holdings.
With rewards spread over a two-year period, early adopters can earn substantially. A portion of the total supply, 12.5%, is allocated to staking rewards for the first year, and an additional 2.5% is reserved for the following year.
Wow!
There are no words to describe this incredible achievement! #Dogecoin20 reaches $6 million raised!
Many thanks to the crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto Community! #DOGE20 wishes you a great weekend! pic.twitter.com/PaAyohkpB7
—Dogecoin20 (@DOGE_COIN20) March 22, 2024
Currently, pre-sale investors enjoy impressive staking rewards at a rate of 154% APY. Dogecoin20 recently began its pre-sale, surpassing the $6.3 million milestone amid the ongoing frenzy surrounding meme coins.
Investors are attracted to Dogecoin20's focus on passive rewards, leading them to accumulate $DOGE20 tokens before the discounted pre-sale period concludes. As of now, the Dogecoin20 team offers tokens at a modest entry point of $0.000207 each.
Stay informed about the latest Dogecoin20 developments by following the project on x (formerly Twitter) and join their Telegram channel. To participate in the pre-sale of the $DOGE20 token, visit dogecoin20.io.
Polygon (MATIC)
Polygon has shown a mix of moves recently, seeing a slight drop of 3.32% over the past month. However, its performance over the past six months has been strong, with an impressive increase of over 89%.
Currently trading at $0.963, Polygon's price trajectory could see upward momentum if buyers manage to break through the $1.013 mark, potentially targeting $1.051. On the contrary, if the sellers dominate, the support levels of $0.85 or even $0.72 can be tested.
Near its 10-day SMA of $1.04, there is a chance of a bounce if market sentiment turns positive. In the short term, a possible drop towards the 100-day SMA at $0.912 is considered if bearish pressure persists.
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However, for those with a long-term outlook, current levels could represent a favorable entry point, given the upward trend seen over the past six months, contingent on a broader market recovery.
Despite short-term fluctuations, Polygon investors remain confident in its potential to reach double digits soon. With strategic partnerships and increased adoption, $MATIC prices are expected to continue rising. Investors and traders who take advantage of these bullish signals could make substantial profits.
bitcoin SV (BSV)
bitcoin SV originated from a hard fork of the bitcoin Cash (BCH) blockchain in 2018, which itself was forked from the btc blockchain due to block size conflicts. $BSV claims to embody the original vision of bitcoin, as outlined in the white paper and early writings of Satoshi Nakamoto.
It aims to provide scalability and stability, adhering to bitcoin's initial concept of a peer-to-peer electronic cash system. $BSV removed artificial block size limits and reinstated script commands and other technical features, allowing for high transaction throughput and low fees.
Additionally, it supports advanced functionalities such as tokens, smart contracts, and data processing, positioning itself as a unique blockchain with unlimited on-chain scaling capabilities while staying true to bitcoin's original design principles.
The current price of bitcoin SV is $76.98, with a 24-hour trading volume of $96.19 million. In the last 24 hours, the price of $BSV has decreased by -3.66%. $BSV is currently trading above the 200-day SMA, suggesting that the price trend remains upward.
The Relative Strength Index (RSI) value is at 40.83, indicating a neutral stance in the bitcoin SV market. bitcoin SV price analysis suggests that while the market is going through a pullback phase, there are signs of a possible rebound.
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