Despite Bitcoin’s (BTC) established reputation, the upcoming fourth halving event has instilled concerns among crypto investors regarding its impact on price volatility. This has prompted a shift towards newer projects, with Cardano and Meme Moguls, currently in its presale phase, emerging as options.
Experts cast a shadow on the upcoming Bitcoin halving
Following the recent bullish market conditions, there is fear, uncertainty, and doubts (FUD) around Bitcoin’s upcoming halving scheduled for April 2024.
Historically, Bitcoin halving events have supported prices.
However, the upcoming halving may differ since Bitcoin has been volatile in the past two years, discouraging risk-averse investors.
Additionally, the current global economic conditions may also harm BTC’s plans.
Currently, BTC is up 4% in the last week, trading at $42,102.30.
Whale transacting on Cardano
Cardano has been firm in the past week.
In the past 30 days, ADA rose 68% to around $0.62.
Following these gains, more whales have been transacting on Cardano.
According to IntoTheBlock, Cardano’s whale transactions surpassed $1.5 billion.
Analysts expect ADA to continue growing if more whales use the network.
Meme Moguls aims to disrupt the meme coins sector
There has been a surge in the meme coin sector in recent years, with over 250 tokens circulating.
However, most coins lack practical utility, relying solely on speculation and hype.
