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Immediately after the highly anticipated Bitcoin halving event, one wonders what the cryptocurrency market will experience. Experts predict that following Bitcoin’s halving, there will be a significant price increase in the tokens, with the event’s historical effect of reducing supply and increasing demand. However, it is not clear that there will be an increase, there may be a decrease.
Prepared a list of coins to follow based on the sponsored content sender: KangaMoon, Celestia, Renders, Toncoin and Stacks, with an uncertain future. While Bitcoin itself remains a solid option, one wonders what they will do.
What Does Bitcoin Halving Mean?
Bitcoin halving refers to when Bitcoin mining rewards are split in half. It would take four years for the Bitcoin blockchain network to allow more blocks worth $210,000. This is a standard set by the founders of the blockchain to reduce how cryptocurrency is released into the market. Previous Bitcoin halving dates were as follows:
- 28 November 2012
- July,, 9,2016
- May, 11,2020
The next Bitcoin halving date is expected to be in April 2024 and the block reward will be 3,125 BTC. As of March 2024, only about 19.65 million BTC was in circulation, leaving only 1.35 million BTC to be released through mining rewards.
Altcoins to Follow in 2024
KangaMoon (KANG)
The future is uncertain according to the sponsored content sender KangaMoon It is unknown whether the token will be profitable before the Bitcoin halving event. According to the team, it is unknown whether there will be a traceable meme coin in 2024. It is unknown whether it can compete with Solana-based meme coins such as Bonk, Dogwifhat and Floki. KangaMoon native token KANG is reported to be sold for only $ 0.0196 in the ongoing 5th phase of the pre-sale. However, there is a risk of investment loss if it cannot be listed on the stock exchanges.
According to the sponsored content poster, more than 6,000 people hold the token so far and it is estimated that it will soon reach 10,000; which helped the team raise over $4.9 million. As a meme-focused community, more than 20,000 users have registered on the platform. But its future is uncertain.
It is unknown whether KANG will be listed on stock exchanges in the future. For context, KangaMoon is a play-to-win platform that rewards users when they participate in various activities. Users can participate in weekly, monthly and quarterly challenges and win prices. The future is uncertain, there is risk.
Additionally, non-players can speculate on the results of the games and win prizes. Token holders can earn more tokens when they participate in promoting the project on social media. It is uncertain whether it will be successful or not, there is a risk of investment loss.
Celestia (TIA)
TIA is the native token of the Celestia crypto blockchain. It was built to help support various scalable and modular learning features in the infrastructure. The core services of the TIA token are staking for network security, participation in key governance decisions, and verification.
The innovative ideas of the Celestia network have made it one of the modular blockchain networks that has witnessed mass adoption. Celestia token has also been witnessing major buyer activity in recent weeks. According to CoinMarketCap data, the Celestia token, which traded below $4 in November last year, has risen to over $10 in the past few weeks.
Although the coin has fallen as a result of the market downturn, some analysts are predicting a revival in the coming weeks. Therefore, Celestia has a chance to break the ATH record of $20 after Bitcoin halving. Some analysts believe that Celestia is one of the top cryptos to explode after the halving.
Render (RNDR)
The rendering blockchain was developed to allow people to contribute unused GPU power to help projects create motion graphics and visual effects. This helps reduce the time it takes to create complex content, which affects many graphic artists. Moreover, with the Render token, holders will witness the best scalability and better performance on large-scale projects.
Moreover, on the Render platform, members can achieve low transaction costs compared to other traditional platforms. According to token market statistics, the price has fallen by 23% in the past month. The weekly price chart also shows a significant decline in price value.
However, Render has witnessed an impressive rise in the past months. Render, which opened the year at $4.46, is trading above $8, an increase of more than 100% in the last few months. Render, which surpassed $12 in the past few days before the recent price correction, has a good chance of trading above $20 in Q2. This makes it one of the best cryptos to watch out for after Bitcoin halving.
Toncoin (TON)
Toncoin (TON) is the token used for all trading activities in the TON ecosystem. The token is used to pay transaction fees and secure the blockchain in decentralized applications.
Toncoin has witnessed a lot of positive news recently. A few days ago, the token surpassed Cardano to become the 9th largest cryptocurrency. Additionally, the Toncoin Foundation has recently entered into a number of partnerships that could trigger further rallies for the token.
A large number of crypto experts have chosen Toncoin as one of the best cryptocurrencies to invest in the year and they expect the network to continue witnessing mass adoption. Data from CoinMarketCap shows that the price of Toncoin has increased by a whopping 91% in the past month. The weekly price chart also shows a massive 34% increase. On the current trajectory, Toncoin price will likely reach $20 in Q2, making it one of the best cryptos to buy and HODL now.
Stacks (STX)
Stacks (STX) is a layer 1 blockchain that enables smart contracts and decentralized applications to use Bitcoin as an asset and process transactions on the Bitcoin blockchain. The platform helps solve the scalability problems experienced with Bitcoin. Stacks uses a proof-of-transmission protocol that helps increase security on the platform.
Stacks native token STX was one of the trending cryptos in the past few months. The token set a new ATH record of $3.84 on April 1. Although the ongoing market pullback has sent the token price lower, some analysts are optimistic about a rally in the coming weeks. The Stacks token gained a whopping 197% in value last year. As the Bitcoin halving event approaches, Stacks price may reach $10 after the halving.
How to Know the Best Cryptos That Will Explode After Halving?
Here are some important factors to consider when looking for the best crypto to explode after Bitcoin halving:
Price
An important factor to keep in mind is the price of the token you want to invest in. If you are new to cryptocurrency, you may want to consider starting with low-priced cryptos. This will help you minimize your loss. But you should also consider the risks.
expectations
You should also consider the possibility of a cryptocurrency before making this investment.
Supply
Another big factor to consider is supply. Many cryptos have a fixed number of tokens. Once the maximum number is reached, no new tokens will be issued. When this happens and interest continues, the price of such a token will rise.
Conclusion
The crypto world is looking forward to this year’s Bitcoin halving, which will take place in April. Investors are thoroughly researching altcoins that may explode after the halving. Note that this is not financial advice. Always do your research before investing. Remember that there are risks.
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*This article is not investment advice! This is sponsored (advertising) content. Cryptocurrency investments are high-risk investments and there is a risk of investment loss. Do your detailed research before investing!
