Top 4 Cryptocurrencies to Buy After Bitcoin Halving

Bitcoin halving is just a few hours away, and the mining rewards will be half of the 6.25 BTC, leading to increased demand for Bitcoin. More than that, the post-halving zone is a critical time to decide on the crypto holdings.

The crypto market has already started to recover, as the global market cap has surged to $2.34 Trillion after a 4.55% hike. The trading volume is also up by 11.55%, pushing the value to $109.13 Billion. Apart from this, there’s an improvement in the fear and greed index points to 59, which is also a sign of the market recovery.

Once the Bitcoin halving is over, there are chances of seeing a market decline initially, causing the crypto prices to drop. It can be the right opportunity to buy cryptocurrencies to sell once the bull market starts.

In this blog, let us discuss the top 4 cryptocurrencies to buy after Bitcoin Halving.

Top Cryptocurrencies To Buy Post Bitcoin Halving

The Bitcoin halving will be responsible for lifting the market value in the next few months, probably initiating a long bull run as well. But before that, having a portfolio with the right crypto assets can help to make the best profit in this upcoming bull market. A few crypto options that are the top choices for post-Bitcoin halving time include Ethereum, Solana, Toncoin, and BNB.

1.Ethereum (ETH)

Apart from being a direct competitor to Bitcoin, Ethereum’s price is dependent on Bitcoin’s performance in the market. Based on the chart patterns of Ethereum and Bitcoin, a similar price movement is visible.

Right now, Bitcoin is under a correction zone where the price has dropped from $71K to $62K. Similarly, Ethereum’s price has dropped to $2,994.20 after a 15.32% drop.

With the anticipation of a bull run past the Bitcoin halving, Ethereum might be the best investment option because of its market demand and price history.

2.Solana (SOL)

Solana has gained new heights in popularity in the last few months. In these three months of bullish performance, Solana surged to a high of $202.87 at the start of April. However, at this moment, the SOL price has dropped to $137.99, but the demand for the token is still rising.

In this increased demand, the meme creators have added a new push, bringing the Solana network demand to the next level. So many popular and well-performing meme coins have been launched on the Solana network, leading to an even better reputation for the SOL.

The next bull is predicted to bring a surge in the altcoins, including the Solana-based meme coin. Moreover, analysts also believe Solana could rise above $300 in this post-halving bull market.

3.Toncoin (TON)

TON has gained major popularity this year with its new achievement of creating a new all-time of $7.65 just a week ago. This ATH was twice the last one, and the expectations are even higher for the next bull run.

Crypto enthusiast believes Toncoin might cross the $10 mark by the end of this month and eventually gain the $30 price by the end of the year.

Toncoin has made the fastest recovery from the current market fall compared to the other altcoins. The token has surged 18% within a day, aiming for another month’s high.

4.BNB (BNB)

BNB token surprised the investors with its current price progress, where the Binance coin has surged to $640.56, closer to its all-time high value of $690.93.

Being a part of the world’s biggest centralized exchange, Binance, BNB has a good reputation in the market as it comes under the top 5 cryptocurrencies on CoinmarketCap.

Crypto analysts believe BNB has the potential to serve to a $1041 mark this year while maintaining an average of $710. Based on its price performance and reputation in the crypto market, BNB might be a great asset during Bitcoin halving time.

Conclusion

To understand the right choice to buy cryptocurrencies in the post-Bitcoin halving phase, a few factors like price, prospects, and supply play a significant role. Look out for cryptocurrencies that have at least a decent image among investors with good prices and market capitalization. It can narrow down the options a lot. As a result, the top crypto options for this post-halving buying are Ethereum, Solana, Toncoin, and BNB.

The post Top 4 Cryptocurrencies to Buy After Bitcoin Halving appeared first on CoinGape.

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