Top 4 altcoins to buy after the Bitcoin halving

The Bitcoin halving is about to take place, within hours the reward for mining Bitcoins will be reduced to 3,125 Bitcoin (BTC). This will likely lead to increased demand for Bitcoin. Moreover, the period immediately after the halving is an essential time to make decisions about your crypto portfolio.

The crypto market shows signs of recovery, the total market capitalization has reached a level of $2.34 trillion after an increase of 4.55%. Trading volume also shows an increase of 11.55%, with a value now at $109.13 billion. Furthermore, there has been a positive shift in the fear and greed index, which now stands at 59, indicating a recovery in the market.

Once the Bitcoin halving is over, there is a chance that the market will drop initially, leading to a drop in crypto prices. This could be the right time to buy cryptocurrencies to sell once the bull market starts.

Top cryptocurrencies to buy

Following the Bitcoin halving, the market value is expected to rise in the coming months, potentially also heralding the start of a long-term bull market. To take full advantage of this expected increase, it is important to build a portfolio with suitable cryptocurrencies. Recommended cryptocurrencies that could be good investments after the Bitcoin halving include Ethereum, Solana, Toncoin, and BNB.

Ethereum (ETH)

Ethereum (ETH) is known as a direct rival to Bitcoin, and its value depends heavily on how Bitcoin does in the market. Analysis of the price charts shows that Ethereum often makes similar movements to Bitcoin.

Price analysis of Ethereum in relation to Bitcoin Currently, Bitcoin is undergoing a price correction, with the price having fallen from $71K to $62K. Similarly, Ethereum has also seen a pullback to $2,994.20, down 15.32%.

Given the expected upward trend after the Bitcoin halving, Ethereum can be considered a very attractive investment, partly due to the strong market demand and its historical price development.

Solana (SUN)

In recent months, Solana (SOL) has experienced remarkable growth in popularity. It peaked at $202.87 in early April, after a three-month period of strong increases. Although the price of SOL has currently fallen to $137.99, demand for the token continues to rise.

This increasing interest has been further amplified by meme makers, who have added additional momentum to the demand for the Solana Network. Many popular and successful meme coins have been launched on this network, further improving SOL’s reputation.

Analysts predict that the next bull market will see an increase in the value of altcoins, including the meme coins based on Solana. They also believe that Solana may rise above $300 in the bull market after the Bitcoin halving.

Toncoin (TON)

This year, Toncoin (TON) has gained significant popularity, recently hitting a new all-time high of $7.65, which is double its previous high. Expectations for the future bull market are ambitious and high.

Cryptocurrency enthusiasts believe that Toncoin could cross $10 by the end of this month and even rise to $30 by the end of the year.

Toncoin has recovered from the recent market plunge faster than other altcoins. The token rose 18% in one day, and is aiming to reach a new peak this month.

BNB (BNB)

Investors were pleasantly surprised by the recent price increase of the BNB token, with the Binance coin price rising to $640.56, near its all-time high of $690.93. BNB enjoys a strong reputation and, as part of Binance, the largest centralized exchange in the world, is in the top 5 of cryptocurrencies according to CoinmarketCap.

Crypto analysts believe that BNB has the potential to reach a high of $1041 this year, with an expected average of $710. Given its strong price performance and reputation in the crypto market, BNB is considered a worthwhile investment during the Bitcoin halving period.

Conclusion

Making the right choices when buying cryptocurrencies after the Bitcoin halving depends on factors such as price, future prospects and availability. Focus on cryptocurrencies that not only have a solid reputation among investors but also offer favorable prices and a strong market capitalization. This helps narrow down the options. The best cryptocurrencies to consider after this halving are Ethereum, Solana, Toncoin and BNB.