Top Cryptocurrencies Set for Pre-Halving Price Rally

One of the most anticipated events in the history of cryptocurrency is the Bitcoin Halving, which is supposed to happen in the next few days. Though everyone knows the after-effects of halving, i.e., a price surge, a pre-halving price rally is also about to happen.

In this blog, let us discuss the top cryptocurrencies aiming for a pre-halving price rally.

Top Cryptos For Pre-Halving Price Rally

At this time, various factors will play a necessary role in creating this pre-halving price rally, including market sentiments, changing trends, community support, and many others.

A few Cryptocurrencies have already started entering the pre-halving price rally with their current price performance. It includes Bitcoin, Ethereum, Solana, and a few others.

1.Bitcoin

Bitcoin price has finally lifted to a good start before halving. Now, Bitcoin is at $71,771.30 after a 3% recovery from its price a week ago.

BTC gave a shock to the investor earlier when it fell to a low of $65K, but now the price has rebounded and is aiming for higher.

In the last 24 hours, the Bitcoin market cap has lifted by 4%, bringing the value to $1.41 Trillion. At the same time, the trading volume is around $27 Billion after a surge of 35%.

Also Read: Will Bitcoin Kill Gold for Real?

Analysts believe Bitcoin to surge around $80,000 before Bitcoin halving and a surge of more than 100k after a few months of halving.

In contrast, a few fear the possibility of correction before the price rally begins after halving.

2.Solana

Solana price has been trending in the crypto market for months now because of its meme coins like BOME, Catcoin, dogwifhat, and many others.

Also Read: Solana Aims New Highs; Why Now is the Perfect Time to Invest in Solana

It is currently trading with a value of $184.21 after facing a slow week, which is supposed to be short-lived. Its number of transactions is still high and surged by 17%, making the trading volume $2,341,917,030.

Earlier, Solana rose to the $208.34 mark, and now it is expected to cross another $200 mark if the conditions do not vary much.

3.Ethereum

Ethereum price has also made a comeback to the $3500 mark after facing a fall last week. The token has surged 6% in just a day, and its current value is $3,609.13.

With the timeline getting shorter for the SEC’s decision over Ethereum ETF, Ethereum has started to rise. Though the SEC’s interaction on spot Ethereum ETF has not hinted anything, the user’s curiosity is still high on what will happen next.

Even in the pre-halving stage, Ethereum is rising towards the $4000 mark with its increased trading volume of $13.7 Billion after a 51% surge.

4.dogwifhat

dogwifhat is a Solana-based meme coin, ruling the meme market with its continuing notable price performance. The token has been surging for months now, with a minute fall here and there.

At the time of writing, it has surged to 16% in just a day. It is currently trading at $4.14, just 14% from its ATH.

Talking of the market cap, dogwifhat is ranked 31st on CoinmarketCap based on that, and the market capitalization of this meme coin is $4,144,052,974. The trading volume is also up by 37%, bringing the value of $617,777,817.

Conclusion

A few other cryptocurrencies are aiming for a peak before the halving starts. The fear and greed index also reported a greed zone. So there is a high chance of a significant price surge in the mentioned cryptocurrencies during the pre-halving price surge.

The post Top Cryptocurrencies Set for Pre-Halving Price Rally appeared first on CoinGape.

Crypto Pulpit