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With the Bitcoin halving just 54 days away, speculation intensifies on altcoins with potential 10x or 100x returns ahead of this significant milestone.
The halving event reduces the rate at which new Bitcoins are created, effectively slowing down the growth of the cryptocurrency’s supply over time. By halving the rewards for miners, Bitcoin’s inflationary pressures are tempered, promoting scarcity and potentially driving up its value.
The occurrence of Bitcoin halving events every four years has consistently emerged as pivotal moments within the cryptocurrency markets, frequently indicating the commencement of bullish trends. In this article, we’ll outline our top crypto picks poised to yield substantial returns in the upcoming bull run.
Sei (SEI)
The recent proposal from Sei and the Omni Foundation to establish a standardized framework for Ethereum NFTs may serve as a catalyst for Sei’s growth. With a standardized NFT platform, interest and investment in the project could surge, potentially driving prices upward.
Successful implementation of this standardization effort could propel $SEI prices beyond the resistance levels of $0.93 and $0.99, paving the way for a bullish trend, particularly if Sei maintains momentum above the 10-day SMA of $0.83.
However, investors should monitor the current price of $0.87 and two support levels at $0.77 and $0.73. Failure to garner widespread adoption for the proposal may lead to short-term price declines, as indicated by the current MACD sell signal.
Sponge V2 (SPONGEV2)
Introduced as an upgrade to its impressive predecessor, Sponge V2 offers enhanced rewards and a more resilient ecosystem. The project was meticulously designed by the team to revolutionize the market through its unique approach to transaction fees, liquidity provision, and staking mechanisms.
On the recently deployed V2 smart contract, holders of V1 tokens have the opportunity to stake their assets and receive an equivalent amount of V2 tokens, providing the sole avenue to acquire $SPONGEV2 before its listing on exchanges.
Guys: women are so emotional.
Also guys at 3 am watching the $SPONGE chart like:#SpongeV2 #100x #memeCoin #Alts pic.twitter.com/pcFDuTLE9e
— $SPONGE (@spongeoneth) February 23, 2024
For those without Sponge V1 tokens, they can purchase them directly from the website and automatically stake their holdings. In the past month, over 10 million V1 tokens have already been staked and transitioned to Sponge V2, offering approximately 187% APY rewards.
Additionally, Sponge V2 has introduced a play-to-earn (P2E) game, allowing participants to earn $SPONGE tokens, thereby enhancing the token’s utility. The game features both free and premium versions, allowing users to either play for leisure or utilize $SPONGEV2 tokens to acquire in-game credits for additional passive income.
Those interested can follow Sponge V2 on social media platforms such as X (formerly Twitter) and join its Telegram group to remain informed about the latest developments.
Ethereum (ETH)
Ranked as the second-largest cryptocurrency by market capitalization, Ethereum is poised to maintain its position for the foreseeable future. In the event of a crypto bull market following the upcoming Bitcoin halving, Ethereum is expected to demonstrate strong performance.
Serving as the preferred platform for projects seeking to harness advanced blockchain technology, Ethereum facilitates a wide array of use cases including decentralized finance, non-fungible tokens, decentralized autonomous organizations, prediction markets, and more.
Presently, the Ethereum price stands at $3,028.85, boasting a 24-hour trading volume of $16.68 billion and a market cap of $363.93 billion, with a 2.12% increase in the last 24 hours.
Ethereum has undergone significant protocol enhancements, rendering $ETH an increasingly attractive long-term investment, positioning it as one of best cryptocurrency to buy now.
Render Token (RNDR)
Render Token seeks to revolutionize the graphics rendering sector by establishing a decentralized GPU compute network. This platform empowers individuals to monetize surplus GPU resources while offering renderers access to cost-effective, scalable GPU power as needed.
As of the time of writing, the price of Render Token stands at $7.53, reflecting a 7.63% increase in the last 24 hours. The long-term demand for GPU computing is projected to skyrocket due to the emergence of artificial intelligence, cloud computing, the metaverse, and other cutting-edge technologies.
These sectors require extensive rendering capabilities, which Render Network provides through its distributed network of GPUs. Essentially, $RNDR tokens enable holders to leverage this network to accelerate resource-intensive graphics tasks.
To access the full list of recommended altcoins to invest in before the next Bitcoin halving, view the video above and subscribe to his YouTube channel for additional crypto-related updates. Additionally, Jacob Crypto Bury runs a Discord community with 21,000 members, providing trading insights and details on upcoming crypto presales.
Smog (SMOG)
Smog has dominated discussions within the meme coin sphere this month following its fair launch on Jupiter DEX on February 7th, which resulted in an astounding 1,400% surge within its initial hours.
Positioned as a meme coin, Smog aims to revolutionize the meme coin sector with what it terms as the “greatest airdrop of all time.” Smog disperses a substantial 490 million tokens through active participation in the Zealy campaign and to $SMOG holders, marking it as one of the largest airdrops on Solana’s platform.
Join the #SMOG community on #Zealy and increase your points for the $SMOG #Airdrop. 🐲
Complete quests for extra points! 📊
Stay tuned for upcoming announcements. 📢🔗https://t.co/3EQxvQwsw3#CryptoCommunity #Altcoins #Memecoins #Binance #Crypto
— SMOG (@SMOGToken) February 21, 2024
Users can acquire and retain $SMOG tokens to amass airdrop points, rendering them eligible for the airdrop. Moreover, Smog has expanded its reach by going multi-chain through a Wormhole bridge, allowing Ethereum natives to benefit from the upward movements of the meme coin.
$SMOG is now available for purchase on both chains. For the best purchasing experience, the project’s website offers a 10% discount on the token. Alternatively, it can be acquired on Jupiter DEX using $SOL. To buy $SMOG token visit smogtoken.com.
Sui (SUI)
Since its inception in 2023, Sui has swiftly risen to prominence, securing a place among the top 100 cryptocurrencies by market capitalization. Its substantial total value locked (TVL) and strategic management of token supply highlight its potential for enduring growth.
Sui’s innovative approach to blockchain technology, prioritizing scalability and efficiency, is garnering significant interest from investors and developers alike. Presently, the price of $SUI crypto stands at $1.62, with a market capitalization of $1.89 billion, reflecting a 0.37% increase in the last 24 hours.
Sui’s strategic focus on ecosystem development and partnerships will play a pivotal role in sustaining its upward trajectory and solidifying its position as a leading platform in the blockchain industry.
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