The Bitcoin halving event likely to happen in the early hours of Saturday, spotlights a select group of cryptocurrencies expected to experience significant gains. Among these, Solana (SOL), Dogecoin (DOGE), Bitcoin Cash (BCH), Litecoin (LTC), ORDI (ORDI), and Stacks (STX) stand out. These altcoins making up the latest crypto to buy list, are recovering from a recent downturn, and may soon see a notable increase in value. With the broader market’s eyes on Bitcoin’s halving, these digital assets are to watch for potential growth.
1. Solana (SOL)
Solana (SOL) is a pioneering open-source project that utilizes the blockchain’s unrestricted nature to forge solutions in decentralized finance (DeFi). Its design facilitates the creation of decentralized apps (DApps).
Despite broader market fluctuations, the Solana price has surged by over 10% in the last day, hitting $144. This rise propels its value past the significant $140 benchmark amidst anticipations of a price boost following Bitcoin halving.
Data from DeFiLlama showcases the network’s strength, with a notable increase in Total Value Locked (TVL) and vibrant DApp engagement. Over the past year, the platform has seen considerable TVL growth. This has led seven experts to recommend Solana as a top cryptocurrency pick ahead of the 2024 halving.
2. Dogecoin (DOGE)
Dogecoin (DOGE), the premier cryptocurrency that originated from the well-known “doge” meme featuring a Shiba Inu, has seen its value rise over the last day, marking a new bullish outlook. Currently holding a market capitalization of $21.88 billion, it claims the ninth rank among cryptocurrencies and stands as the top meme coin.
The Dogecoin price has climbed to $0.1519, a notable increase of 5% in the past 24 hours, attributed to the upcoming major event. This surge has also sparked a rise in substantial transactions, highlighting a significant market movement.
3. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a peer-to-peer digital currency that aims to be a universally accepted form of payment. It ensures rapid transactions, minimal fees, enhanced privacy, and increased block sizes.
Currently, Bitcoin Cash is priced at $484.38, marking a 1.13% increase over the past day. It ranks 15th on CoinMarketCap, boasting a market cap of approximately $9.5 billion. In the last month, BCH has experienced a significant uptick, surging over 32%, notably as one of the top picks by experts on the cusp of the 2024 Bitcoin Halving.
4 Litecoin (LTC)
Litecoin (LTC) is a cryptocurrency that aims to facilitate quick, safe, and cost-effective payments using blockchain’s distinct capabilities. However, recent times have seen LTC grappling with significant price fluctuations due to external market pressures and global political uncertainties. At present, Litecoin price stands at $81.06, reflecting a slight decline of 0.22% in the last 24 hours.
5. ORDI
ORDI has recently captured the attention of the cryptocurrency world by utilizing the Ordinals protocol to embed data into Bitcoin’s tiniest unit, the satoshi. This protocol takes advantage of the roughly 2,100 trillion satoshis that exist, thereby enabling significant data storage capabilities directly on the Bitcoin blockchain.
In the past month, the ORDI token has seen an impressive 70% rise in value, with its price now standing at $6.92. This increase has pushed the token’s market capitalization to an impressive $1.29 billion, according to the latest figures from CoinMarketCap. Such growth underscores the increasing interest and confidence investors have in ORDI’s potential and the pioneering use of the Ordinals protocol.
6. Stacks (STX)
Stacks has positioned itself as a pivotal Bitcoin Layer, making it possible to use Bitcoin for smart contracts and decentralized applications by settling transactions on the Bitcoin blockchain itself.
The Stacks price has also experienced growth. Currently priced at $2.47, it has risen 6% in the last 24 hours. According to DefiLlama, the Stacks ecosystem has reached a new high with a Total Value Locked (TVL) of $143.07 million. This development, coupled with the upcoming Bitcoin halving event, suggests potential further increases in STX’s value.
Bottom Line
As the Bitcoin halving unfolds, the spotlight turns to cryptocurrencies poised for substantial gains. Solana, Dogecoin, Bitcoin Cash, Litecoin, ORDI, and Stacks are at the forefront of this potential surge. Investors are closely watching these digital assets, anticipating their growth in a post-halving world.
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