Crypto While the market is experiencing a huge rise, investors are brimming with optimism. Bitcoin recently surpassed the $61,000 level, sparking a rally among various altcoins. This move comes at a time when the crypto community is anticipating the next Bitcoin halving in the spring of 2024. In the past, this four-year period has often marked the beginning of major bull markets.
Projections regarding the halving, which is estimated to occur in mid-April, Ethereum It focuses on cryptocurrencies that may show potential performance, such as (ETH), Solana (SOL), Dogecoin (DOGE) and Cardano (ADA). These cryptocurrencies are among the prominent candidates to make significant gains ahead of an important period.
Ethereum (ETH)
Ethereum (ETH) is an open-source platform and a Proof-of-Stake (PoS) blockchain-based distributed computing platform with smart contract functionality. ETH is the second largest cryptocurrency by market capitalization. Additionally, it is up an impressive 51% over the past month.
With the recent rises, Ethereum also joined this momentum. For this reason, it exceeded the $ 3,500 level and reached a high level after a long time. However, there has been a recent correction of opinion. Ethereum price traded at $3,423 last week, up more than 16%. If a crypto bull market begins after the next Bitcoin halving, Ethereum is expected to perform strongly. It is possible that this makes it the best altcoin to buy.
Solana (LEFT)
solanais a scalable, decentralized and programmable blockchain platform. It is known as one of the fastest and most efficient smart contract platforms. Last year, Solana experienced a significant rise, rising more than 480%. While daily trading volume exceeded $7 billion, Solana price increased by 30% on weekly charts.
Recently, SOL has experienced a significant increase in its market value. In this context, it reached $135.22 with an increase of 10.13% in the last 24 hours. This increase places Solana as the 5th largest cryptocurrency by market cap and marks it as a major player in digital currencies, with a strong valuation of $60 billion.
The platform reached $136 this week, a peak not seen in 22 months, as Bitcoin rose to $64,000 levels. This overall rally in the crypto sector has also resulted in Solana benefiting significantly. In this context, Total Value Locked (TVL) played an important role in this rise.
Dogecoin (DOGE)
dogecoin (DOGE) is a cryptocurrency inspired by the popular “doge” meme. It attracts attention especially with the expectation of the upcoming Bitcoin halving. DOGE has shown significant resilience throughout its time on the market and has attracted the attention of investors with a price increase of over 55% in recent months. This rise highlights DOGE’s long-term appeal. Additionally, it enables it to be considered as a potentially profitable investment tool in the future.
Dogecoin has recently attracted attention with a strong rally supported by significant transactions by large DOGE holders. Such activities have added vitality to the DOGE ecosystem. In this context, its price exceeded the level of 0.1 dollars, increasing optimistic expectations for the future.
Dogecoin is currently trading at $0.1225. It has surged a significant 47% in the past week, outpacing other major cryptocurrencies. Therefore, it consolidated its leadership position in terms of market value.
Cardano (ADA)
Cardano (ADA) stands out as an advanced third-generation blockchain platform and stands out with its energy efficiency compared to traditional proof-of-work systems. In February, the extraordinary increases in the value of ADA were recorded as a historical turning point.
With a rapid rise from its start below $0.5, ADA unexpectedly rose above $0.70. In this context, it saw its highest values since 2022 with a four-week stable upward trend.
ADA is currently trading at $0.683. Additionally, it is up over 16% on a weekly basis and a significant 38% on a monthly basis. This strong performance positions Cardano as one of the most notable investment options ahead of the future Bitcoin halving. Cardano is ranked 8th in the CoinMarketCap rankings. Additionally, it has a significant weight in the cryptocurrency market with a market value of $ 24,100,714,523.
