These altcoins could earn $100,000 after Bitcoin halving

The Bitcoin halving will take place in April, approximately four years after the last halving event. Unlike other similar events, BTC hit an all-time high in the weeks leading up to the 2024 halving as a Bitcoin ETF was approved in the United States. The subsequent escalation in investor risk appetite caused by ETFs has supported the upward trend, allowing Bitcoin and major altcoins such as Ethereum (SOL), Solana (SOL), XRP, Shiba Inu (SHIB) and others to reach new heights.

Bitcoin prices peaked at $73,373 for the first time in history, while its market capitalization hit a new record high of more than $1.4 trillion in March.

However, increased profit-taking activity triggered a sharp sell-off that sent BTC prices down to $60,000 last week. As of writing, Bitcoin has significantly regained its losses but is still struggling with resistance at $70,000

Based on Bitcoin’s performance post-halving in the past, investors are concerned about finding the top altcoins to buy to take advantage of the bull run. With some of the leading coins such as Ethereum, Solana, PEPE, and SHIB, the value of the portfolio could easily grow to over $100,000 in 2024.

1. Ethereum (ETH)

The sell-off around mid-March sparked a huge buying opportunity for whales, but that interest appears to have faded this week. After peaking just below $3,700, a fresh wave of profit-taking has swept through Ethereum, capping the uptrend while setting up an ongoing correction.

If the rising wedge pattern is confirmed, Ethereum will trigger another major sell-off towards the $3,200 and $3,000 support areas.

The Moving Average Convergence Divergence (MACD) indicator confirms the bearish outlook, pointing to further declines from its current market cap of $3,527.

The sell-off to $3,000 may not be all bad news, however, as investors can use the opportunity to buy more Ethereum in anticipation of a massive parabolic rally following Bitcoin’s halving.

2. Solana (SOL)

The second half of March saw significant volatility in major cryptocurrencies, including Solana. Bitcoin prices pulled back sharply to $60,000, but rebounded to over $70,000 within two weeks, creating a sense of unpredictability among market participants.However, despite this consolidation, SOL price is still showing opportunities to fuel a directional rally and form a bullish pennant pattern.

Amid the recent market correction, Solana token’s rally from the $210 mark shifted the price trajectory sideways on the 4-hour chart. A consolidation bouncing off two converging trend lines indicates the formation of a technical chart pattern called a pennant.

This bullish continuation pattern occasionally develops within an established uptrend, providing buyers with breathing space to resume bullish momentum. SOL price is currently trading at $181, down 5% intraday and heading towards the pattern’s lower trendline. With a market capitalization of $80.5 billion, Solana Coin continues to be the fifth largest cryptocurrency.

3. PEPE

Pepe is a popular meme-based cryptocurrency that has seen a bullish trend recently, attracting traders and investors with its upward trajectory. However, the latest developments point to rapidly changing market dynamics.

The cryptocurrency has experienced a significant correction; currently, Pepe price is $0.000007708. It fell 6.94%, indicating that market sentiment has turned bearish.

As the Bitcoin halving event approaches, expectations are building for a potential lift across the cryptocurrency space, including Pepe. Meme tokens, along with major cryptocurrencies in the Ethereum and Solana ecosystems, are expected to regain momentum following the recent market correction.

The cryptocurrency market is undergoing a considerable correction, with major players such as Bitcoin and Ethereum both falling below their respective benchmarks of $69,000 and $3,600. This downturn has led to increased selling pressure, further deepening the overall downturn in the market and affecting the broader cryptocurrency landscape.

4. Shiba Inu (SHIB)

Popular canine meme cryptocurrency Shiba Inu is bouncing off support at $0.000024 following a two-week correction from highs of $0.0000458. This positive turn has seen the asset value increase by 30% in a week and is currently trading at $0.00003. A resurgence in the broader market may have influenced the reversal in Shiba Inu prices, with a $0.000045 price target if buyers maintain momentum.

The recent rise in the cryptocurrency market, which saw the price of Bitcoin rise from $60,000 to $70,000, has had a considerable impact on the meme coin industry.Prominent tokens of the asset class Dogecoin, Shiba Inu, PEPE, and FLOKI posted double-digit gains this week, reflecting a resurgence in trader sentiment.

Shiba Inu price bottomed in a corrective trend at $0.00002388 before recovering to the $0.00003 mark. SHIB price gains may intensify following the announcement of a listing on major Australian cryptocurrency exchange Bitcoin.com.au. This development is expected to expand SHIB’s investor base and liquidity in Australia, potentially increasing its adoption and market value.

SHIB price is down 2.4% intraday and is heading back towards the pattern’s lower support trendline. If history repeats itself, the coin price is likely to bounce off rising support and target a 16% rise towards the $0.0000345 resistance, followed by $0.000038. #BTC #以太坊 #SOL🔥🔥🔥🔥

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