Gemini. AI respond:
Full analysis and 3 cryptocurrencies or tokens that could reach highs after the BTC halving 2024:
1. Ethereum (ETH):
Reasons:
Transition to Ethereum 2.0: Increased scalability, energy efficiency, and security.
Growth of the DeFi ecosystem: Increased demand for ETH for staking, lending, and other applications.
Supply reduction: Implementation of EIP-1559, burning ETH for each transaction.
Predictions:
Current price: ~$3,100 USD
Potential high: ~$10,000 USD
Timeframe: 12-18 months after the halving
2. Cardano (ADA):
Reasons:
Continuous development: Implementation of Hydra, Mithril, and Plutus for greater scalability and functionality.
Institutional adoption: Growing interest from companies and investors.
Focus on sustainability: Social and environmental impact projects.
Predictions:
Current price: ~$0.40 USD
Potential high: ~$5 USD
Timeframe: 18-24 months after the halving
3. Polkadot (DOT):
Reasons:
Interoperability solutions: Allows connection between different blockchains.
Parachain auctions: Ecosystem growth with new projects and applications.
Scalability: Sharding to increase processing capacity.
Predictions:
Current price: ~$7 USD
Potential high: ~$50 USD
Timeframe: 12-18 months after the halving
Important:
Technical analysis: Complement the fundamental analysis with technical indicators to identify entry and exit points.
Diversification: Do not invest everything in a single cryptocurrency, diversify the portfolio to reduce risks.
Research: Study each project in depth before investing.
Additional resources:
https://cointelegraph.com/news/bitcoin-halving-2024