|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin Halving Spurs Crypto Market Surge: Chainlink, Polygon, and Fetch.ai Soar
Apr 22, 2024 at 11:43 pm
Following Bitcoin's highly anticipated halving event, speculation has arisen regarding which cryptos to invest in. While the halving itself may not directly impact prices, previous events have led to exponential gains. Several top cryptos, such as Chainlink, Polygon, and Fetch.ai, are expected to soar in the coming months, offering potential returns ranging from 250% to over 700%.
Bitcoin Halving Sparks Market Speculation: Cryptos Poised to Soar
The highly anticipated halving of Bitcoin's (BTC-USD) mining rewards has occurred, with block rewards now reduced by 50% to 3.125 Bitcoins per mined block. This event has ignited speculation within the cryptocurrency community, prompting investors to ponder which cryptos to buy post-halving.
Historically, the halving event has catalyzed exponential gains in Bitcoin's price, with the potential for history to repeat. Following the last halving in 2020, Bitcoin soared over 800x to reach a new peak, albeit with less substantial gains compared to previous halvings in 2016 and 2012.
Analysts anticipate a volatile ride in the cryptocurrency market in the coming months, leading to the pertinent question for investors: which projects are poised for exponential returns? The following three cryptos are well-positioned to witness significant growth in the months and years ahead:
Chainlink (LINK-USD)
Chainlink is a decentralized oracle network that bridges smart contracts with reliable external data sources and APIs. It allows smart contracts to access off-chain data in a trustless manner, enabling the creation of more sophisticated applications.
Despite the market correction leading up to the Bitcoin halving, LINK has rebounded 4% in just 24 hours due to increased buying pressure. Trading well below its prior all-time high of $53 at $15, LINK possesses strong upside potential. Assuming it mirrors previous runs, it could potentially reach $40 or more, representing a 250% gain.
Polygon (MATIC-USD)
Polygon is an Ethereum-based scaling solution that provides faster and cheaper transactions. It aims to address Ethereum's scalability issues without compromising security, making it an attractive option for developers and users alike.
Since the Bitcoin halving, MATIC has stabilized in line with historical precedence, although it has yet to experience a solid rebound like other altcoins. However, recent news suggests the token price could increase to $1 soon. Moreover, major market participants transferring significant amounts of tokens off exchanges signals potential price appreciation. With MATIC reaching a record high of nearly $3 in December 2021, it has the potential for a 300% upside to revisit its peak.
Fetch.ai (FET-USD)
Fetch.ai is an AI-powered decentralized network that focuses on artificial intelligence (AI) applications and machine learning (ML). Its native token, FET, facilitates decentralized ML and has garnered attention due to the increasing demand for AI solutions.
FET has recently reached a new all-time high alongside Bitcoin, outperforming as a market leader. Despite its current price of $2.50 being above its 2021 all-time high of $1.20, analysts project it could grow more than 700%. This optimism stems from the halving of cryptocurrency coinciding with increasing demand in ML and the formation of the Artificial Superintelligence Alliance with SingularityNET and Ocean Protocol.
In conclusion, the Bitcoin halving has set the stage for a potential bull run in the cryptocurrency market. While the halving event itself may not directly impact BTC's price or that of other cryptocurrencies, history suggests that previous halves have been followed by substantial gains. The three cryptos discussed in this article, Chainlink (LINK-USD), Polygon (MATIC-USD), and Fetch.ai (FET-USD), are well-positioned to benefit from the post-halving market dynamics and are prime candidates for investors seeking exponential returns. However, it is important to conduct thorough research and invest wisely, as the cryptocurrency market remains volatile and inherently risky.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- Smart Money Turns to Wall Street Pepe and Solaxy
- Dec 25, 2024 at 01:05 am
- With just one week until 2025, investors are scrambling to take positions in the projects with the most room for growth. Viral presale tokens Wall Street Pepe and Solaxy have recently generated substantial demand, while AI and DeFi projects such as Virtuals Protocol and Aave are also generating a buzz.
-
- Chainlink (LINK) Accumulated by Whales, Cross-Chain Interoperability Protocol (CCIP) Drives Innovation in the Memecoin Space
- Dec 25, 2024 at 01:05 am
- The accumulation of $LINK by whales has accelerated in recent days. Nine new wallets have withdrawn a total of 362,380 $LINK tokens (valued at $8.19 million) from Binance over the past 48 hours.
-
- Next Cryptocurrency To Explode: Usual (USUAL), SPX6900 (SPX), Crypto All-Stars (STARS), Basic Attention Token (BAT), Bitget Token (BGB)
- Dec 25, 2024 at 01:05 am
- The altcoin market looks promising, and many altcoins are recording gains. Bitcoin (BTC) reached two new all-time highs this month: first above 100K and then at 108,319