Crypto Analysts Predict Post-Halving Surge for Altcoins
The post Crypto Analysts Predict Post-Halving Surge for Altcoins appeared on BitcoinEthereumNews.com. The volatility of the crypto market has garnered both praise and criticism. With the anticipated Bitcoin halving, there is talk of a potential upswing in the crypto town. Bitcoin would have its moment post-halving, and altcoins are going to have a go. As of April 5, the total market cap for altcoins stood at 314.687 billion. Let’s examine more closely why altcoins are the preferred option for consumers. Factors Behind Altcoins’ Price Since the launch of Bitcoin, more than 9,000+ other cryptocurrencies have entered the market. The variety of applications that altcoins provide—from data oracles to governance—is what Bitcoin does not. Though BTC continues to be the dominant player as a reserve currency on major exchanges due to perceptions of long-term holding and its significant role as an intermediary for converting fiat currency to cryptocurrencies, altcoin prices frequently follow Bitcoin’s price fluctuations. There could be a bull run following the fourth halving, which would have an immediate impact on the altcoin market. This is partially because new investors are diversifying into altcoins, which have a lower entry barrier and thus attract new retail investors who otherwise would not have been able to enter the market through bitcoin. Nevertheless, there are also times when altcoins rise in value while bitcoin’s price falls, suggesting that the relative outlooks of the two are in interaction. Many crypto analysts are positive about the rise of altcoins in the post-halving atmosphere as Bitcoin’s demand fades. Altcoins to consider Even though altcoins are considered riskier than Bitcoin, they have more room for innovation and technological advancements. In such a case, it is best to diversify investments with well-known altcoins like Ethereum, PEPE, Bitgert, Solana, and more. Solana Solana offers a wide range of smart contract applications, allowing developers to build decentralized applications, create NFTs, and establish…
The post Crypto Analysts Predict Post-Halving Surge for Altcoins appeared on BitcoinEthereumNews.com.
The volatility of the crypto market has garnered both praise and criticism. With the anticipated Bitcoin halving, there is talk of a potential upswing in the crypto town. Bitcoin would have its moment post-halving, and altcoins are going to have a go. As of April 5, the total market cap for altcoins stood at 314.687 billion. Let’s examine more closely why altcoins are the preferred option for consumers. Factors Behind Altcoins’ Price Since the launch of Bitcoin, more than 9,000+ other cryptocurrencies have entered the market. The variety of applications that altcoins provide—from data oracles to governance—is what Bitcoin does not. Though BTC continues to be the dominant player as a reserve currency on major exchanges due to perceptions of long-term holding and its significant role as an intermediary for converting fiat currency to cryptocurrencies, altcoin prices frequently follow Bitcoin’s price fluctuations. There could be a bull run following the fourth halving, which would have an immediate impact on the altcoin market. This is partially because new investors are diversifying into altcoins, which have a lower entry barrier and thus attract new retail investors who otherwise would not have been able to enter the market through bitcoin. Nevertheless, there are also times when altcoins rise in value while bitcoin’s price falls, suggesting that the relative outlooks of the two are in interaction. Many crypto analysts are positive about the rise of altcoins in the post-halving atmosphere as Bitcoin’s demand fades. Altcoins to consider Even though altcoins are considered riskier than Bitcoin, they have more room for innovation and technological advancements. In such a case, it is best to diversify investments with well-known altcoins like Ethereum, PEPE, Bitgert, Solana, and more. Solana Solana offers a wide range of smart contract applications, allowing developers to build decentralized applications, create NFTs, and establish…
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