4 Top Cryptos to Watch as Bitcoin Halving Event Approaches

The crypto market has shown cyclical patterns that have often coincided with Bitcoin halving events, even though other factors beyond the halving affect these cycles.

The crypto market has shown cyclical patterns that have often coincided with Bitcoin halving events, even though other factors beyond the halving affect these cycles.

As Bitcoin’s value rises, it grabs attention and liquidity, setting off a wave of speculative investments. This capital then flows into lower-cap assets, pushing their prices up.

With the next potential capital boom on the horizon, here are some top cryptocurrencies to watch.

MIND of Pepe ( $MIND)

Mind of Pepe (MIND) has become a key focus for investors. The project combines the hype of artificial intelligence (AI) with meme culture to create a compelling use case, which has seen it quickly raise $7.1 million.

AI is being used to develop autonomous software programs called agents that can carry out tasks, particularly within decentralized finance (DeFi). These range from automated trading bots to decision-making systems that interact with smart contracts.

The MIND of Pepe team has set out plans to create a self-evolving AI system that can monitor market sentiment, decentralized applications (dApps), and social media trends. This analysis could give users an edge in anticipating market trends.

With these innovations, MIND of Pepe aims to go beyond the typical meme coin model and establish itself as a pioneering AI-meme hybrid.

Interested investors can buy MIND tokens at $0.0034816, while those who hold the tokens can earn additional tokens via staking rewards, currently estimated at 314% per annum.

Visit the MIND of Pepe Presale

BTC Bull Token ( $BTCBULL)

Another hybrid meme coin that is quickly gaining attention from investors is BTC Bull Token (BTCBULL), which recently passed the $3.4 million presale milestone.

BTC Bull Token offers investors a way to gain exposure to Bitcoin via an airdrop without having to deal with the extreme volatility that has characterized the crypto market this year. Following the first White House Digital Asset Summit on March 7, the U.S. government is expected to set up a Strategic Bitcoin Reserve comprising 200,000 BTC seized from criminal and civil proceedings. This move will strongly signal Bitcoin’s legitimacy as a store of value, potentially boosting institutional investor confidence and driving Bitcoin’s price higher.

Against this backdrop, BTC Bull Token’s scheduled Bitcoin airdrop milestones appear increasingly achievable. Investors seeking to buy BTC BULL can do so via the BTC Bull Token website at $0.002405 per token, using ETH, USDT, or a bank card. Additionally, BTC BULL features a staking protocol with a current APY of 122%, reinforcing its utility as a long-term investment option.

Visit BTC Bull Token Presale

Hyperliquid (HYPE)

Hyperliquid is a decentralized exchange (DEX) operating on its own Layer-1 blockchain. It aims to provide traders with low fees, fast transactions, and advanced trading tools, including perpetual derivatives. The platform is a product of Hyperliquid Labs, founded by Jeff Yan and Iliensinc, both former classmates at Harvard.

After the collapse of FTX, Jeff Yan and his team saw a gap in the market for a reliable derivatives exchange, leading them to pivot their focus toward Hyperliquid.

Given Hyperliquid’s dominance in the decentralized derivatives market, it is increasingly viewed as a competitor to centralized exchanges like Binance.

However, HYPE has been sliding in 2024. From a technical standpoint, the 30-day price chart shows that HYPE has been bouncing between a swing low of $13.43 and a high of $28.50. If the token fails to hold the $15 support level, its value could decline further to $10.15.

On the other hand, if HYPE manages to break through the resistance at $22.95, it could spark a bullish rally, potentially pushing the price above the $30 mark.

Toncoin (TON)

Toncoin (TON) is the native cryptocurrency of The Open Network, a Layer-1 blockchain recognized for its scalability and high transaction throughput. Originally developed by the team behind Telegram, TON is now maintained by the TON Foundation and has achieved significant growth thanks to its strong community and innovative technology.

Despite its technological advances, Toncoin has faced a sharp downturn in 2024, driven by weak on-chain activity and ecosystem metrics.

Network data shows that daily transactions have dropped to 2.215 million, a decline from the 20 million transactions being processed just months ago.

From a technical standpoint, TON has fallen below the crucial $2.90 support level, which has held firm since 2023. It has also slipped below the 50-week moving average, signaling a move into oversold territory.

Given these bearish signals, TON will likely continue its downward trajectory, with sellers aiming for the psychological support level