Following the completion of the Bitcoin halving, the crypto industry is filled with several projects with the potential to help investors generate massive yields on investment.
However, it’s imperative for investors to carefully sift through this flurry of assets to know which one suits them best. That is why this article will discuss six crypto assets geared to explode and worth hoarding as we approach the next crypto bull season post-Bitcoin halving.
Contents
- 1 ETFswap (ETFS) Prepares To Reach The $1 Mark
- 2 Dogecoin (DOGE) To Sky Rocket Seven Months After Bitcoin Halving
- 3 Solana (SOL) Sees An Increase In Whale Investment
- 4 Ripple (XRP) To Surge By 70% According To Analyst
- 5 Tron (TRX) Maintains Stability In An Unstable Crypto Market
- 6 Cardano (ADA) Could Surge To $1 Mark
ETFswap (ETFS) Prepares To Reach The $1 Mark
ETFswap (ETFS) is a blockchain project that aims to bridge decentralized and traditional finance by tokenizing exchange-traded funds (ETFS). The tokenized ETFs will make it possible for traders of all portfolio sizes to invest in the traditional ETFs, which consist of various traditional assets being brought on-chain.
The platform’s native token, ETFS, will be instrumental in the trading of tokenized ETFs and in accessing all the other features and functionalities of the network. Also, the token will enable holders to have an active part in the governance of the platform ecosystem through voting.
Currently, ETFswap (ETFS) is offering the token at a low price of $0.00854 per coin in its stage 1 presale. Investors who participate in this current stage will make a profit when stage 2 kicks off at a higher price of $0.01831.
With its unique ecosystem and massive presale sale, experts speculate that the token is poised to hit the $1 mark soon, increasing by 10,000%. When that happens, early investors will have made a 100x yield on their investments. ETFswap (ETFS), therefore, is one of the hidden gems in the crypto industry, which every investor will do well to bag as we approach the next bull run. To do this, they need to buy ETFS at its current presale stage to realize 100x yield and tremendously increase their portfolio.
Dogecoin (DOGE) To Sky Rocket Seven Months After Bitcoin Halving
Dog-themed meme coin Dogecoin (DOGE) is projected to surge to new highs seven months after the recently concluded fourth Bitcoin halving. The reason for this speculation is pinned on historical data related to previous BTC halving events.
In the last bull market, Dogecoin (DOGE) rallied just seven months after the Bitcoin halving in 2020, which occurred in May. A year after the halving in May 2021, Dogecoin recorded an all-time high of $0.73. If history repeats, Dogecoin (DOGE) could begin a rally by November 2024 and hit a new all-time high by April 2025.
Currently, though, Dogecoin (DOGE) trades at $0.14, down 79% from its all-time high, according to data from Coinmarketcap.
Solana (SOL) Sees An Increase In Whale Investment
European-based digital asset management firm Coinshares has reported a significant increase in the allocation of funds from wealth managers and hedge funds into the Solana (SOL) ecosystem. The firm attributes the growth to investors widening their investment horizon to altcoins. In a report on April 24, 2024,
James Butterfill, the firm’s head of research, revealed that a survey of 64 investors with combined assets worth $600 billion showed that institutional investors are bullish on Solana (SOL). According to the report, close to 15% of the investors said they had invested in SOL. This is a noteworthy achievement for Solana (SOL) and altcoins, as when Coinshares conducted the survey in January, none of the investors had invested in any altcoin.
This growing interest in Solana (SOL) puts it in a position to explode in price in the coming months. However, SOL currently trades at $143, according to data from Coinmarketcap.
Ripple (XRP) To Surge By 70% According To Analyst
Crypto analyst RLinda has made a bullish prediction on Ripple (XRP), speculating that it is on the verge of surging by 70% in price value. The crypto analyst made this prediction known on the TradingView site, stating an element known as a false breakdown as one of the factors that will bolster the token’s rise in price.
RLinda pointed to the recent decline in value, dropping from $0.7 to $0.42, stating that this price action indicates that XRP is exhibiting bullish tendencies. The analyst also compared this scenario with previous ones, citing the XRP breakdown and recovery in August -November 2023.
If history repeats, then XRP could surge by 50% or to as high as 70%. Currently, XRP trades at $0.52, according to data from Coinmarketcap.
Tron (TRX) Maintains Stability In An Unstable Crypto Market
Tron (TRX) is a blockchain platform that assists content creators in monetizing their content and deals mainly in entertainment dapps. TRX, its native token, has remained resilient in a turbulent market, holding its current support level of $0.11 since mid-March 2024.
While it continues to move back and forth between the $0.12 level, it struggles to attain its crucial support of $0.14. However, its stability, even as the crypto market continues to be erratic, could signal an increase in price in the coming months.
Cardano (ADA) Could Surge To $1 Mark
Cardano (ADA), often called the Ethereum (ETH) killer, has experienced a massive price decline, recording close to a 20% drop in price in the last 30 days. However, analysts are optimistic that ADA is geared for a bull run that could take it to the $1 mark according to historical patterns.
Milkybull, a crypto analyst, posted a tweet on X (formerly Twitter), which revealed that ADA is exhibiting the Adam and Eve pattern it made in 2020, resulting in a massive rally for the token. Therefore, if what happened in 2020 repeats itself, then ADA could see an all-time high of $1 in 2024. Currently, the token is worth $0.46, according to data from Coinmarketcap.
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Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.