from now on Bitcoin (Cryptocurrency: BTC) The halving is one of the most anticipated events of the year for crypto investors, and for good reason. Past halving cycles led to Bitcoin's stratospheric rise and new all-time highs. So, naturally, all eyes are now on Bitcoin.
However, another interesting phenomenon also occurs after the half-life. Top altcoins tend to see significant market capitalization increases as they follow Bitcoin's rise. And in fact, some of these coins actually outperformed Bitcoin in the 12 months following the halving.
With that in mind, here are three cryptocurrencies that are likely to skyrocket in 2024-2025.
1. Solana
meanwhile Solana (Code: SOL) It has calmed down considerably from a torrid 2023, when its value rose over 900%, but it is still keeping pace with Bitcoin in 2024. For the year, Bitcoin is up 66% and Solana is up 67%.
A lot of that has to do with the fact that Solana is now considered “next.” Ethereum (Crypto: ETH)“As Ark Investments’ Cathie Wood pointed out last November, Solana is essentially a cheaper, faster, and more efficient version of Ethereum. Just like it was one of the top performers for altcoins, Solana could also be one of them.''List of top performers for altcoins during the next Bitcoin halving.
Additionally, Solana has a strong mobile cryptocurrency strategy, and this cryptocurrency has an opportunity to differentiate itself in the upcoming bull market cycle. Unlike its rivals, Solana now has a phone that is optimized for cryptocurrencies. This opens up all sorts of new opportunities, including the ability to capture a larger share of the crypto gaming market.
2.Wire mesh
wire mesh (cipher: link) It could be a sleeper candidate to outperform Bitcoin over the next 12 months. True, Chainlink is only up 15% year-to-date, but to understand how much higher it will rise in the next bull market cycle, we need to look ahead to what happens next. .
Chainlink is at the forefront of a long-term financial trend known as the tokenization of real-world assets. This refers to the process of converting real-world assets into digital assets that can persist on a blockchain. You may not have heard of this trend yet, but many big names on Wall Street are firmly behind it right now. black rock (New York Stock Exchange: BLK), the world's largest asset management company. According to Boston Consulting Group, asset tokenization could become a $16 trillion market opportunity by 2030.
If Chainlink can seize even a small portion of this market opportunity, it could be huge for its future growth prospects. And there are many reasons to think that is possible.
First, Chainlink is already the most trusted data oracle in the crypto world, providing real-world data for pricing financial assets. Next, Chainlink is working on a new blockchain protocol (known as CCIP, or Cross-Chain Interoperability Protocol) to connect blockchains. This makes it much easier to seamlessly transfer tokenized financial assets between blockchains.
3. Singularity Net
Finally, leave room in your portfolio for AI cryptocurrencies with high appreciation rates. As Ark Invest's Cathie Wood highlighted in her 2024 “Big Ideas” report, many opportunities are emerging at the intersection of artificial intelligence and cryptocurrencies. It might be hard to beat the hype given the current craze around AI, but here's one of his AI cryptos that intrigued me: Singularity NET (cipher: AGIX).
Unlike ChatGPT, which focuses on generative AI, SingularityNET focuses on artificial general intelligence (AGI). It's a much bigger market opportunity and could be a complete transformation for humanity.
I'm not exaggerating here. Token's name refers to the “technological singularity,” or what he calls the moment when one computer becomes smarter than all humans combined. (Don't worry, SingularityNET is working on a benevolent form of her AGI that does not enslave humanity.)
Investing in AI crypto comes with a significant risk factor, but there are two factors that seem to at least slightly reduce the risk for SingularityNET. First, the team behind SingularityNET, led by AI researcher Ben Goertzel, is world-class. And secondly, the current price of the SingularityNET token is just $1. This seems like a very low price of admission to the exciting world of super-intelligent AI.
Not all altcoins are created equal
Keep in mind that once you start dabbling in the altcoin world, your exposure to risk increases dramatically. So be careful about expanding your exposure beyond Bitcoin. Bitcoin at least has a proven track record of post-halving success. Things get even more complicated when it comes to emerging areas of cryptocurrencies such as asset tokenization and artificial intelligence.
That being said, if you're looking to diversify your crypto portfolio with some big winners in the post-halving cycle, the three names at the top of my list are Solana, Chainlink, This is SingularityNET.
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Dominique Basurto has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Chainlink, Ethereum, and Solana. The Motley Fool has a disclosure policy.
“Bitcoin Halving: 3 Cryptocurrencies to Buy Now” was originally published by The Motley Fool.
