The upcoming Bitcoin halving, scheduled for early Saturday morning, brings attention to a number of cryptocurrencies predicted to experience substantial price surges. Notable among these are Solana (SOL), Dogecoin (DOGE), Bitcoin Cash (BCH), Litecoin (LTC), ORDI (ORDI), and Stacks (STX). These altcoins, which have recently bounced back from a slump, could see significant value increases. With the focus on Bitcoin’s halving, these digital currencies are worth keeping an eye on for potential growth.
1. Solana (SOL)
Solana (SOL) is a trailblazing open-source initiative that leverages the unlimited potential of blockchain technology to develop answers in the field of decentralized finance (DeFi). Its architecture supports the development of decentralized applications (DApps).
In spite of the wider market volatility, Solana’s price has jumped more than 10% in just one day, reaching a new high of $144. This significant increase surpasses the notable $140 threshold, fueled by expectations of a price rise following Bitcoin’s halving event.
According to DeFiLlama’s data, the Solana network demonstrates its robustness with a substantial rise in Total Value Locked (TVL) and lively DApp usage. Over the last year, this platform has experienced remarkable growth in TVL. As a result, seven industry experts have suggested investing in Solana as a promising cryptocurrency choice before the 2024 halving event.
2. Dogecoin (DOGE)
Dogecoin (DOGE), derived from the popular “doge” meme with a Shiba Inu, has experienced an increase in value over the past day, signaling a positive trend. With a market capitalization of $21.88 billion, it currently ranks ninth among cryptocurrencies and leads as the most prominent meme coin.
The cost of Dogecoin has gone up to $0.1519, representing a substantial 5% gain over the last day. This uptick is mainly due to an upcoming significant event. Consequently, there’s been a surge in large-scale transactions, signaling a considerable market shift.
3. Bitcoin Cash (BCH)
One possible paraphrase for “Bitcoin Cash (BCH) is a peer-to-peer digital currency that aims to be a universally accepted means of payment. It facilitates quick transactions with low fees, offers greater privacy, and boasts larger block sizes.”
At present, Bitcoins Cash is valued at around $484.38, signifying a 1.13% rise in value over the past 24 hours. This digital currency holds the 15th position on CoinMarketCap with an estimated market capitalization of nearly $9.5 billion. Over the past month, Bitcoin Cash has shown remarkable growth, gaining over 32%. It has been a popular choice among experts as they anticipate significant developments around the 2024 Bitcoin Halving event.
4 Litecoin (LTC)
Litecoin (LTC) is a digital currency designed to make transactions fast, secure, and affordable using the unique features of blockchain technology. However, it has faced considerable price instability lately as a result of market volatility and international economic turmoil. Currently, one Litecoin costs around $81.06, representing a modest decrease of 0.22% over the past day.
5. ORDI
Recently, ORDI has gained notice in the cryptocurrency community for employing the Ordinals protocol to insert information into the smallest Bitcoin unit, the satoshi. With approximately 2,100 trillion satoshis in circulation, this method taps into a vast potential for data storage, making it possible to add large amounts of data directly onto the Bitcoin blockchain.
Over the past month, the ORDI token has experienced a significant 70% surge in value, reaching a price of $6.92. Consequently, the token’s market capitalization has grown impressively to approximately $1.29 billion, based on current data from CoinMarketCap. This remarkable growth reflects the mounting excitement and faith among investors regarding ORDI’s prospects and the innovative application of the Ordinals protocol.
6. Stacks (STX)
“Through its role as a crucial Bitcoin component, Stacks enables the execution of smart contracts and creation of decentralized apps directly on the Bitcoin blockchain, processing transactions within it.”
The cost of Stacks has gone up as well, now sitting at $2.47. It’s climbed by 6% over the past day. As reported by DefiLlama, the Stacks platform has set a new record with a Total Value Locked (TVL) amounting to $143.07 million. With the upcoming Bitcoin halving approaching, there’s speculation that STX‘s value could rise even more.
Bottom Line
During Bitcoin’s halving event, there is growing interest in cryptocurrencies that could experience significant price increases. Notable ones include Solana, Dogecoin, Bitcoin Cash, Litecoin, ORDI, and Stacks. The attention of investors is drawn to these digital currencies as they prepare for potential gains in the aftermath of the halving.
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2024-04-19 15:35