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With bitcoin halving just 54 days away, speculation is heating up on altcoins with potential 10x or 100x returns ahead of this major milestone.
The halving event reduces the rate at which new Bitcoins are created, effectively slowing the cryptocurrency's supply growth over time. By halving rewards for miners, bitcoin's inflationary pressures are moderated, promoting scarcity and potentially increasing its value.
The occurrence of bitcoin halving events every four years has consistently emerged as pivotal moments within the cryptocurrency markets, frequently signaling the beginning of bullish trends. In this article, we will outline our top cryptocurrency picks that are poised to generate substantial returns in the next bull run.
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The recent proposal by Sei and the Omni Foundation to establish a standardized framework for ethereum NFTs may serve as a catalyst for Sei's growth. With a standardized nft platform, interest and investment in the project could increase, which could drive prices up.
Successful implementation of this standardization effort could push $SEI prices beyond the $0.93 and $0.99 resistance levels, paving the way for an uptrend, particularly if Sei maintains momentum above the SMA 10 days of $0.83.
However, investors should keep an eye on the current price of $0.87 and two support levels of $0.77 and $0.73. Failure to achieve widespread adoption of the proposal may lead to short-term price declines, as indicated by the current MACD sell signal.
Sponge V2 (SPONGEV2)
Presented as an upgrade to its impressive predecessor, Sponge V2 offers improved rewards and a more resilient ecosystem. The project was meticulously designed by the team to revolutionize the market through its unique approach to transaction fees, liquidity provision and staking mechanisms.
In the newly implemented V2 smart contract, V1 token holders have the opportunity to stake their assets and receive an equivalent amount of V2 tokens, providing the only avenue to acquire $SPONGEV2 ahead of its listing on exchanges.
Guys: women are very emotional.
Also guys at 3 am watching the $SPONGE graph like:#SpongeV2 #100x #memecurrency #alternatives pic.twitter.com/pcFDuTLE9e
— $SPONGE (@spongeoneth) February 23, 2024
Those who do not have Sponge V1 tokens can purchase them directly from the website and automatically stake their holdings. In the last month, over 10 million V1 tokens have already been staked and transferred to Sponge V2, offering approximately 187% APY rewards.
Additionally, Sponge V2 has introduced a play-to-earn (P2E) game, which allows participants to earn $SPONGE tokens, thereby improving the utility of the token. The game features free and premium versions, allowing users to play for pleasure or use $SPONGEV2 tokens to purchase in-game credits and earn additional passive income.
Those interested can follow Sponge V2 on social media platforms such as x (formerly Twitter) and join their telegram group to stay informed about the latest developments.
ethereum (eth)
Ranked as the second-largest cryptocurrency by market cap, ethereum is poised to maintain its position for the foreseeable future. In the event of a cryptocurrency bull market following the upcoming bitcoin halving, ethereum is expected to demonstrate strong performance.
Serving as the preferred platform for projects seeking to leverage advanced blockchain technology, ethereum facilitates a wide range of use cases including decentralized finance, non-fungible tokens, decentralized autonomous organizations, prediction markets, and more.
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Currently, the price of ethereum stands at $3,028.85, with a 24-hour trading volume of $16.68 billion and a market capitalization of $363.93 billion, up 2.12% over the last 24 hours.
ethereum has seen significant protocol improvements, making $eth an increasingly attractive long-term investment, positioning it as one of the best cryptocurrencies to buy now.
Render Token (RNDR)
Render Token seeks to revolutionize the graphics rendering industry by establishing a decentralized GPU computing network. This platform allows people to monetize excess GPU resources while giving renderers access to scalable and cost-effective GPU power as needed.
At the time of writing, the price of Render Token stands at $7.53, reflecting an increase of 7.63% in the last 24 hours. Long-term demand for GPU computing is expected to skyrocket due to the emergence of artificial intelligence, cloud computing, metaverse, and other cutting-edge technologies.
These sectors require extensive rendering capabilities, which Render Network provides through its distributed network of GPUs. Basically, $RNDR tokens allow their holders to leverage this network to accelerate resource-intensive graphics tasks.
To access the full list of recommended altcoins to invest in ahead of the upcoming bitcoin halving, watch the video above and subscribe to their Youtube channel for additional cryptocurrency related updates. Additionally, Jacob crypto Bury runs a Discord community with 21,000 members, providing trading information and details on upcoming cryptocurrency pre-sales.
Smoke (SMOG)
Smog has dominated discussions within the meme coin sphere this month following its launch right on the Jupiter DEX on February 7, resulting in a staggering 1,400% surge in its first few hours.
Positioned as a meme coin, Smog aims to revolutionize the meme coin sector with what it calls the “biggest airdrop of all time.” Smog disperses a substantial amount of 490 million tokens through active participation in the Zealy campaign and to $SMOG holders, making it one of the largest airdrops on the Solana platform.
Enjoy the #SMOG community in #Zealy and increase your points by $SMOG #Airdrop.
Complete missions to get extra points!
Stay tuned for upcoming announcements. https://t.co/3EQxvQwsw3#CryptoCommunity #Altcoins #Memecoins #Binance crypto?src=hash&ref_src=twsrc%5Etfw”>#crypto
-SMOG (@SMOGToken) February 21, 2024
Users can purchase and hold $SMOG tokens to accumulate airdrop points, making them eligible for airdrop. Additionally, Smog has expanded its reach by moving to multiple chains via a Wormhole bridge, allowing ethereum natives to benefit from the meme coin's upward movements.
$SMOG is now available for purchase on both chains. For the best purchasing experience, the project website offers a 10% discount on the token. Alternatively, it can be purchased on the Jupiter DEX using $SOL. To purchase the $SMOG token, visit smogtoken.com.
Sui (SUI)
Since its creation in 2023, Sui has quickly risen to prominence, securing a place in the top 100 cryptocurrencies by market cap. Its significant total value locked (TVL) and strategic management of token supply highlight its potential for long-lasting growth.
Sui's innovative approach to blockchain technology, which prioritizes scalability and efficiency, is generating significant interest from investors and developers alike. Currently, the price of the $SUI cryptocurrency stands at $1.62, with a market capitalization of $1.89 billion, reflecting an increase of 0.37% in the last 24 hours.
Sui's strategic focus on ecosystem development and partnerships will play a critical role in maintaining its upward trajectory and solidifying its position as a leading platform in the blockchain industry.
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