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The impending Bitcoin halving has sparked interest in buying altcoins for extraordinary returns. ETH, SHIB, TON, and ORDI Highlight Potential for 10x to 100x Profits
The Bitcoin halving, scheduled for April 2024, is roiling the cryptocurrency market and driving up the value of Bitcoin. Amid this anticipation, Ethereum (ETH), Shiba Inu (SHIB), Toncoin (TON), and ORDI emerge as lucrative opportunities. These altcoins are showing promising trends, hinting at the potential for huge gains in the shadow of the expected halving event.
1. Ethereum (ETH)
Ethereum (ETH) is an open-source proof-of-stake blockchain that supports smart contracts and holds the title of the second-largest cryptocurrency by market capitalization after Bitcoin. Recently, the price of Ethereum surged to the $4,000 mark, marking a significant upward trend, growing by more than 46% in a month.
The rise was fueled by the launch of the ETF and the Ethereum Dencun project, pushing Ethereum’s valuation from $2,000 to $4,000. Although Ethereum has declined slightly over the past 24 hours, down 1.79% to $3,994, it remains on a bullish trajectory. As the Bitcoin halving event approaches, Ethereum becomes one of the top four altcoins with potential returns ranging from 10x to 100x.
2. Shiba Inu Coin (SHIB)
Shiba Inu Coin (SHIB) is a popular meme-inspired digital currency that is rapidly rising in the decentralized finance space with support from a wide global following. The meme-derived asset is rapidly rising in fame and market value.
In recent trading, SHIB has entered a bullish period, rising sharply by 28% last week and an impressive 262% in the past month. This growth trend is consistent with the broader cryptocurrency bull market, which has also driven the rise of other meme tokens such as PEPE, DOGE, BONK and WIF.
Currently, SHIB is trading at around $0.00003395 with a recent increase of 3.56%, indicating the potential for further gains. SHIB's market capitalization briefly exceeded $19 billion, catapulting it into the top ten cryptocurrencies by market capitalization and demonstrating its appeal as a leading altcoin. The launch of Shibarium, SHIB’s Layer-2 solution, has sparked excitement, fueling increased token burn rates and bullish market momentum supported by BTC’s rise.
3. TON
Toncoin (TON) is revolutionizing the blockchain landscape with its commitment to scalability and user accessibility. Developed by Telegram, this first-tier blockchain promises to handle large numbers of users, with extremely low transaction fees and fast processing times. Currently, TON ranks 13th on CoinMarketCap with a market capitalization of $14 billion.
Recently, the price of Toncoin fell slightly by 0.4% in a single day, and the price was US$4.25. Despite the slight decline, the digital currency has experienced a significant growth spurt, rising 57% last week and surging above 90% last month. This surge has made TON a prime candidate for investors, suggesting that its price could rise 100x ahead of the upcoming Bitcoin halving event.
4. Aldi
ORDI has received a lot of attention recently for its innovative use of the Ordinals protocol, which embeds information into Bitcoin’s smallest fraction, the Satoshi. This approach leverages the existing 2,100 trillion satoshis for scaling data storage on the Bitcoin blockchain itself.
This announcement from Binance triggered a massive 13% increase in the value of the Ordi token (ORDI) over the last month, reaching a high of $6.92. The recent price increase has brought the coin’s market capitalization to an impressive $1.69 billion, according to CoinMarketCap. The current ORDI price is $80.84, and despite a slight decrease of 0.45%, there is speculation that the price may increase by 10x to 100x before the next Bitcoin halving event.
bottom line
With the Bitcoin halving just around the corner, now is a critical time for cryptocurrency investing. Ethereum, Shiba Inu, Toncoin, and ORDI, in particular, are showing signs of great potential. For investors seeking strong returns, these altcoins represent a promising opportunity to capitalize on market momentum.