Normally, Bitcoin (BTC) has been more stable than most altcoins, but ahead of the next halving, that appears to be changing.
Bitcoin price volatility has increased significantly over the last week and has been higher than Ethereum (ETH) volatility for some time.
There are only about 20 days left until Bitcoin halving
There may only be about 20 days until the next Bitcoin halving occurs. Bitcoin halving is an automatic process that occurs approximately every four years.
During this process, the number of new Bitcoins created to process transactions is halved. After the next halving, Bitcoin miners will only receive 3.125 BTC per block as a reward for validating transactions, instead of 6.25 BTC.
This means that mining costs will double and fewer Bitcoins will enter the market. These factors cause prices to rise significantly every four years.
We typically only see real growth six months to a year after the halving. However, we also often see so-called pre-halving bull markets occur. This could be the reason for Bitcoin’s recent price surge.
Bitcoin and Ethereum volatility differential hits highest level in years
Since February, Bitcoin has been significantly more volatile than Ethereum. Last week, Bitcoin’s 30-day historical volatility reached 60%!
As the cryptocurrency market is about to usher in a potential bull run, investors are looking for the next big opportunity. Among the many coins available, 5 coins stand out:
1. DEEP
Tiansuan is a prediction market platform based on Ethereum, distributed, and mobile social. The platform provides users with different types of predicted events, allowing participating users to make full use of their wisdom and knowledge to improve the accuracy of predicted events. At the same time, participants themselves can customize different types of predicted events according to their own preferences.
DPY, as the digital token of the Tiansuan prediction market platform, users can participate in the prediction of events through DPY, and participants who predict correctly will receive benefits.
2.SEAM
SEAM is a seamless protocol governance token that aims to pave the way for modern DeFi with an easy-to-use decentralized lending protocol. The agreement offers over and under mortgages and is fully community managed. SEAM is unlicensed and has no public or private sales to investors, raising the bar for decentralization.
3.COMP
Compound (COMP) is a leading DeFi lending protocol that enables users to accumulate interest on cryptocurrencies by depositing their deposits into various pools on its platform. The protocol has recently seen a significant increase in market share, reaching a total value locked (TVL) of $2.83 billion. This number indicates high user engagement with its lending service.
Compound’s market capitalization has reached an impressive $541.41 million, with the current token price sitting at $79.97. Currently, the COMP price has risen to $70.97, with a recent increase of more than 1% and a weekly increase of 10%. This momentum suggests that COMP may reach the $100 mark soon.
4. The UN
OKB was jointly initiated by the OK Blockchain Foundation and the OKEx exchange, and plays a pivotal role in the exchange ecosystem. OKEx, known for its wide range of trading pairs and unique products such as cloud mining and options trading, uses OKB to provide benefits such as reduced trading fees, voting privileges and rewards.
OKB value currently stands at $57.60, up 1.23% in the past 24 hours. OKB is ranked No. 37 on CoinMarketCap with a market capitalization of $3.7 billion, growing an impressive 21% over the past month and an impressive 51% for the year. This trend suggests that if the momentum continues, prices could rise to $100 in a 2024 bull run.
5. IN
Filecoin is a decentralized storage network that acts as an incentive layer on top of the IPFS network.
Filecoin utilizes idle hard drive space and bandwidth to provide data storage and retrieval services in an open market, allowing anyone to participate as a storage provider and profit from the idle capacity of hard drives.
Current quotation: 8.6-8.3 range to open a position and enter the market. The lower position can be placed in the 7.95-7.6 range fil. This wave of retracement is also a good opportunity, and Grayscale Fund has been increasing its holdings. In March, it increased its holdings of 530,000 fils. Among them, the cost of 41.7W is around 9.3u, and the speed of accumulation is very rapid. The spot can be ambush and wait for a wave of rides. The expected increase is more than 30%!
Summarize:
Remember, if you view your position as a long-term investment, a market drop should be viewed as a gift. It provides an opportunity to buy more tokens.
Finally, it's crucial to develop a strategy before making any purchase, and never invest all of your money.
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