With the sharp rise in the cryptocurrency market, the entire currency circle is now filled with an optimistic atmosphere. Bitcoin price recently broke through the important mark of $61,000, leading to a rise in the prices of various other altcoins. Bitcoin halving occurs every four years, and the next one is expected to be in April 2024. According to historical experience, Bitcoin’s halving heralds the arrival of a large bull market.
As this important moment approaches, the prices of four cryptocurrencies, including Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and Adacoin (ADA), are likely to rise. To achieve significant growth, investors can consider preparing in advance.
Ethereum (ETH) is an open source, proof-of-stake (PoS) zone with smart contract capabilities Blockchain distributed computing platform and the second largest cryptocurrency by market capitalization. In the past month, the price of Ethereum has surged by more than 51%. After a long period of rest, the price of Ethereum broke through a high of $3,500 and has since retreated slightly to $3,423, rising more than 16% in the past week. If Bitcoin’s halving drives a bull run in cryptocurrencies, Ethereum will be the best altcoin to watch.
Solana is a scalable, decentralized and programmable blockchain and one of the fastest and most efficient smart contract platforms . In the past year, the price of this cryptocurrency has surged by more than 480%, with daily trading volume exceeding $7 billion and a weekly increase of 30%. In the past 24 hours, SOL's market value increased by 10.13% to $60 billion, becoming the fifth largest cryptocurrency. The platform hit a 22-month high of $136 this week, with total value locked (TVL) playing a key role in this rise.
In the past 1 month, the price of Dogecoin (DOGE) has increased by more than 55% and exceeded $0.1, and is currently quoted at $0.1225. In the past It rose 47% in one week. Dogecoin is an oddity in the cryptocurrency world. It was born out of a joke and quickly became popular because of the Shiba Inu meme. But the recent surge in price highlights its enduring appeal and its role in the volatile cryptocurrency industry. investment value in the market. Recently, major transactions by large-scale Dogecoin holders have driven up the price of this cryptocurrency, which once became the focus of the market.
ADA Coin (ADA) is a third-generation blockchain platform that uses Proof of Stake (PoS) technology. Compared with traditional work The advantage of a Proof of Work (PoW) system is its energy efficiency. In February, the price of Cardano soared from less than $0.5 to over $0.70, rising for four consecutive weeks and hitting the highest level since 2022, marking a historic turning point. The current price of ADA Coin is US$0.683, rising by more than 16% throughout the week and 38% during the month. In the CoinMarketCap ranking, Cardano became the 8th largest cryptocurrency with a market capitalization of $24,100,714,523, which further consolidated its status as a weighted cryptocurrency.
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