STORY HIGHLIGHTS
- Bitcoin halving comes in less than a week after a four-year wait period.
- Shiba Inu, Terra Classic, Fetch AI, and Pendle stand out as some of the cryptos to buy pre-halving.
- AI-focused altcoins like FET affirm the investors’ belief in new technologies shaping the market.
Amid the ongoing market doldrums, investors are rebalancing their crypto portfolios in preparation for the bull market likely to follow Bitcoin (BTC) halving in April. While majors like Ethereum (ETH), Solana (SOL), and XRP are a must-have in any portfolio for the majority of investors, some crypto assets promise investors 100x returns.
The halving in April is believed to be a major market move with Bitcoin likely to lead the charge to new all-time highs across the board. Therefore, this could be the best time for market participants to dollar cost average (DCA) and make the most out of the expected bull market this year.
1. Shiba Inu (SHIB)
Shiba Inu coin price has been consolidating sideways like other leading cryptos in the market. Despite the dismal start to the week easing into widespread consolidation, prices have not moved much. However, if the current technical structure continues to improve, a major breakout would be anticipated this weekend, with SHIB exploding by a staggering 70% to tag its highest point in 2024 of $0.00004563.
2. Terra Classic (LUNC)
Terra Classic’s price stands at $0.000134, marking a slight dip of just above 4% in the past 24 hours. If bullish trends prevail and propel the price beyond the $0.00014 threshold, LUNC could witness a resurgence in momentum. This upward move could potentially challenge resistance levels at $0.00019 and even aim for the $0.001 mark.
3. Pendle
Pendle is a protocol that operates on the Ethereum blockchain, designed to innovate in the decentralized finance (DeFi) space by offering a platform for yield trading. This recovery can be attributed to several factors, one being the explosive growth in its Total Value Locked (TVL).
4. Fetch.AI (FET)
Fetch.AI (FET), a cutting-edge AI research organization, is pioneering a decentralized, barrier-free machine learning network through blockchain innovation. This has secured its position as a top AI-focused altcoin, especially as 18,000 Bitcoin options reach their expiration.
Bottom Line
Investing in the crypto market requires speed, accuracy, and agility. Identifying the tokens to buy could market a stack difference between investors who maximize their returns and those who end up making losses. While this is not investment advice, it could help new investors to start their research.
also read: Bitcoin Halving Sparks Institutional Interest and Market Speculations in Supply-Demand Dynamics