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Investor interest in major altcoins like Solana and ethereum for potential pre- or post-halving gains intensifies as the bitcoin halving approaches.
The bitcoin halving is almost here and will occur in just 7 days. During this event, the reward for mining new blocks is halved, reducing the rate of creation of new bitcoin to control inflation and maintain its finite supply.
Investors are actively exploring alternative cryptocurrencies as bitcoin's block reward halves from 6.25 btc to 3.125 btc, looking for potentially profitable opportunities before or after the halving event.
Here, we'll look at the top three altcoins that deserve consideration in light of the upcoming bitcoin halving, with one additional altcoin currently in pre-sale that can potentially take advantage of the rally.
Solana (SUN)
Solana, known for its fast transaction speeds and scalability, recently faced challenges with network congestion, leading to transaction failures. Despite these temporary setbacks, Solana is poised for substantial growth once it resolves these network issues.
Currently priced at $167 and with a daily trading volume of less than $2 billion, its all-time high market capitalization of $75 billion underlines its significant potential. Unlike bitcoin, which has a finite supply, Solana's circulating supply continues to increase without a supply cap.
While the lack of a supply cap may worry some investors, Solana's focus on speed and scalability positions it favorably for future adoption within the dynamic blockchain ecosystem.
bitcoin (btc)
Although not technically called an altcoin, bitcoin's dominant position in the cryptocurrency market justifies its inclusion in this discussion on pre-halving investments. As the original and most established cryptocurrency, bitcoin has a lot of power and is currently trading at $69,000 with a notable market capitalization of $1.3 trillion.
In the past, bitcoin has seen large price jumps following halving events, although these increases typically take a while to occur, and the full effect may not be seen until several weeks after the halving. .
With its total supply limited to 21 million coins and more than 19.6 million already mined, the upcoming halving will further slow the pace of new bitcoin creation, affecting the overall supply and possibly increasing its value in the long term.
For investors thinking about bitcoin before or after the halving, it is important to wait for a possible delayed price increase. This investment strategy works well for those who have a long-term plan and believe in the future of bitcoin as a digital way to hold value.
ethereum (eth)
ethereum, the second largest cryptocurrency by market value, ranks high in the cryptocurrency world with a market capitalization of $415 billion, indicating strong investor confidence. Its considerable trading volume of $12 billion in one day shows that its market is active and easy to trade.
What makes ethereum attractive is its advanced smart contract functionality, which enables the creation of decentralized applications (dApps) and drives innovation in decentralized finance (DeFi). This has led to widespread use in various sectors such as finance, gaming, and supply chain management, solidifying its position in the world of cryptocurrencies.
Despite its strengths, ethereum faces scalability challenges, resulting in slow transactions and high fees. However, its developers are actively working on solutions like ethereum 2.0 to address these issues and lay the foundation for future growth.
When it comes to investing, it's worth mentioning that while some experts believe ethereum could eventually surpass bitcoin's market value, bitcoin's early start and strong brand make it unlikely to lose its top spot anytime soon.
However, ethereum's focus on smart contracts and its vibrant developer community set it up for long-term growth, especially with the continued growth of the DeFi ecosystem.
Another altcoin to consider investing in this upcoming bitcoin halving
Given that bitcoin may remain in a pre-halving consolidation phase, emerging altcoins like $BTCMTX could present an opportunity for a bullish breakout, serving as a complementary play to bitcoin's performance. To delve deeper into the potential value of this project, explore our bitcoin Minetrix price prediction.
bitcoin Minetrix ($BTCMTX) is an innovative cloud mining project designed to make mining rewards accessible to everyday investors. Unlike traditional crypto mining, which requires significant technical expertise and capital investment, bitcoin Minetrix allows users to mine btc simply by staking $BTCMTX tokens.
Basically, Minetrix handles btc mining on behalf of users and then distributes the profits proportionally, democratizing the mining process. With small investors missing out on the rewards of mining for over a decade, $BTCMTX is seeing strong initial demand.
The bitcoin Minetrix ICO has already raised $13 million, offering tokens at a discount rate of just $0.0146 each. For a complete guide on buying $BTCMTX, check out our guide provided here.
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With him twitter.com/hashtag/bitcoin?src=hash&ref_src=twsrc%5Etfw”>#bitcoin Halving just around the corner, mining companies are preparing for the changes!
Of twitter.com/MarathonDH?ref_src=twsrc%5Etfw”>@MarathonDH to twitter.com/RiotPlatforms?ref_src=twsrc%5Etfw”>@RiotPlatformspay attention to how they are preparing for the shift.
Who do you think will prosper after the halving? twitter.com/hashtag/BitcoinMinetrix?src=hash&ref_src=twsrc%5Etfw”>#BitcoinMinetrix has successfully raised more… pic.twitter.com/aPtKV1rne9
—Bitcoinminetrix (@bitcoinminetrix) twitter.com/bitcoinminetrix/status/1778017182447743155?ref_src=twsrc%5Etfw”>April 10, 2024
The timing of the launch of the new cryptocurrency is opportune, as there are only a few pre-sale stages left before bitcoin Minetrix will likely be available on cryptocurrency exchanges shortly after the halving. This momentum is expected to drive huge demand for btc-related beta tokens.
As a result, prominent YouTube trading experts such as Michael Wrubel and Jacob Bury are bullish on bitcoin Minetrix, with Bury forecasting potential returns of up to 10x from $BTCMTX. To participate in the pre-sale of $BTCMTX, visit bitcoinminetrix.com.
Related
- Audited by Coinsult
- Secure and decentralized cloud mining
- Earn free bitcoin daily
- Native Token on Pre-Sale Now – BTCMTX
- Staking Rewards: Over 50% APY
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