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#TOTAL MARKET CAP ANALYSIS The total market cap has continued its upward momentum following the breakout of the ascending triangle, surpassing previous highs. Its next target is the all-time high zone. The occurrence of the golden crossover and the bullish momentum indicated by the MACD crossover suggest a continuation of the bullish trend. If there is a retracement, it is likely to test the horizontal support level. #DYOR

#TOTAL MARKET CAP ANALYSIS

The total market cap has continued its upward momentum following the breakout of the ascending triangle, surpassing previous highs. Its next target is the all-time high zone.

The occurrence of the golden crossover and the bullish momentum indicated by the MACD crossover suggest a continuation of the bullish trend. If there is a retracement, it is likely to test the horizontal support level.

#DYOR

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Ten tokens to watch as Bitcoin halving looms Bitcoin halving will occur on April 22 at 2:55 UTC, in around 20 days. BRC 20 tokens, assets that use Bitcoin as a sidechain, and ecosystem tokens could benefit from BTC gains. Stacks, Core, RSK Infrastructure Framework, and Syscoin – which use Bitcoin as their base layer – could rally as the halving narrative gets popular. Bitcoin’s (BTC) halving, which is expected to occur in April, is typically considered a positive catalyst for BTC prices as historically the asset’s price has peaked within six to twelve months after the event. If history is set to repeat, the upcoming halving event opens doors to gains in beta plays, tokens built on Bitcoin sidechains, BTC ecosystem-based assets, and BRC20 amid rising demand among traders. Bitcoin halving could fuel gains in these assets. The Bitcoin halving countdown on nicehash.com shows that within less than 21 days, the reward for mining a BTC block will be slashed in half. This is considered a key event that marks Bitcoin market cycles, with peak gains expected within six to twelve months of the halving. The ongoing market cycle has seen several beta plays emerge, paving the way for traders to benefit from the upcoming halving through other assets apart from Bitcoin: 1.BRC20 tokens: ORDI (ORDI), Ordinals Sats (SATS), Multibit (MUBI), and Ordiswap (ORDS). 2.Bitcoin as base layer or BTC sidechains: Stacks (STX), Core (CORE), RSK Infrastructure Framework (RIF), and Syscoin (SYS). 3.Bitcoin-related assets: Bitcoin Cash (BCH), Bitcoin SV (BSV). BRC20 (Bitcoin Request for Comment) is an experimental token standard in which fungible tokens are minted on the Bitcoin blockchain, similar to the ERC-20 tokens on the Ethereum blockchain. Data from CoinGecko shows weekly gains between 3% and 16% in BRC20 tokens ahead of the upcoming halving. #DYOR #NFA
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Cryptocurrency: Top 3 Coins To Watch In April 2024 Under $1 With Bitcoin’s (BTC) halving just around the corner, the cryptocurrency market seems primed for another breakout. The original crypto has reclaimed the $70k level and might witness another rally next month. However, many new investors may want to start with something small. Hence, let’s look at three crypto assets under $1 that could surge in April 2024. Top 3 cryptocurrencies under $1 for April 2024 1.Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. Moreover, analysts at CoinCodex anticipate the dog-themed crypto to hit a new all-time high in April. According to the platform, SHIB could delete a zero and rise to $0.0001 on Apr. 21, 2024. Changelly also paints a bullish picture for SHIB, predicting a price of $0.00009 on Apr. 21, 2024. 2.Dogecoin (DOGE) is another popular memecoin that could surge in April. The asset recently surpassed Cardano (ADA) as the 9th largest cryptocurrency by market cap. Elon Musk, a vocal supporter of DOGE, recently said that Telsa may begin DOGE payment for their vehicles. If Tesla enables DOGE payments for its cars, the project may see a surge in adoption and price. There is also a lot of talk about DOGE’s inclusion in X’s upcoming payment feature. The development may lead to a massive price spike for the original memecoin. 3.Ripple’s XRP token has had a slow growth despite a market-wide rally earlier this year. The lackluster performance is likely due to Ripple’s ongoing lawsuit with the SEC (Securities and Exchange Commission). There is a possibility that the US high court will rule favorably for the fintech company, which may lead to a surge in XRP’s price.
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