The Bitcoin Halving event is on the horizon, signaled by fluctuating market performances. Historically, the period leading to the Halving event is marked by a dip in market capitalization and trade volume. However, savvy investors see this as an opportunity to explore altcoins that promise significant growth in the upcoming bullish cycle.
NEAR Protocol (NEAR)
NEAR Protocol has seen its price fluctuate, with an 8% decrease over the past week. Looking at a broader timeframe, NEAR has demonstrated significant growth with a 500% rise in the past six months. NEAR trades above its 200-day simple moving average, suggesting positive momentum continues.
ORDI (ORDI)
Coinbase’s subsidiary plans to list perpetual future contracts for BRC-20 token Ordinals, indicating increased interest from institutional investors. The introduction of these contracts reflects the growing maturity of the crypto derivatives market and ORDI’s strong bullish trend.
Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix introduces a Stake-to-Mine mechanism aiming to tackle reliability issues in Bitcoin cloud mining. It has secured significant attention with $12.9 million raised in its presale phase. Investors have a four-day window to buy tokens before an anticipated price hike.
Injective (INJ)
Injective has launched a new upgrade, Injective Bridge Ionic, enhancing functionality and interoperability within the DeFi space. INJ’s market performance has been positive, with a price increase of over 10% in the past 24 hours and a 214% rise above its 200-day SMA.
Theta Network (THETA)
Theta Token is experiencing an uptrend with a 5.88% increase in the last intraday session. Positioned 100.79% above the 200-day SMA, it shows compelling signs of a potential long-term trend reversal. With the Bitcoin halving event approaching, there is anticipation for a further price boost.