3 promising Crypto coins to invest in for the Bitcoin halving

3 promising Crypto coins to invest in for the Bitcoin halving
3 promising Crypto coins to invest in for the Bitcoin halving

The Bitcoin (BTC) halving event marks a major milestone for the network. This phenomenon, which happens every four years, not only results in lower rewards for miners, but it often heralds a period of new price records.

Historical data shows that after this event, Bitcoin often reaches a new all-time high, known as the all-time high (ATH).

Furthermore, when the BTC price reaches significant highs, it often leads to an ‘alt-season’, where altcoins can potentially realize even greater gains. Today we therefore list 3 cryptos that can easily make mega profits.

1. Arbitrum (ARB)

Arbitrum (ARB) is a Layer 2 solution designed to improve the Ethereum (ETH) blockchain by increasing speed, reducing costs, and increasing capacity without compromising security. As a Layer 2 solution, it functions on top of the existing Ethereum network (Layer 1). The platform distinguishes itself by the implementation of “optimistic rollups” technology. This method groups multiple transactions outside the Ethereum blockchain (off-chain) and then adds a summarized record of these transactions to the Ethereum blockchain.

Since launching its token in March of the previous year, Arbitrum has gained significant popularity. It quickly managed to enter the top 100 cryptocurrencies by market capitalization, and currently sits at the 41st position. Since October 2023, the platform has seen impressive growth, increasing nearly 200% to a local peak of $2.36. Although Arbitrum is not the first Layer 2 solution for Ethereum, it has made a significant impact in a relatively short time.

2. Solana (SOL)

An altcoin that should not be missing from this list is Solana (SOL). For Solana investors, 2023 was a year of extreme fluctuations. The token first fell to a remarkably low level of around $9, before making an impressive rise to a local peak of $121. As a smart contracts platform, Solana has proven itself as a strong competitor to Ethereum, currently occupying the fifth position in terms of market capitalization.

Recently, SOL’s price has undergone a correction of almost 20%. Despite the short-term price volatility, the coin appears well-positioned for a major price appreciation, especially if overall market sentiment turns bullish again. This dynamic makes SOL an interesting coin to watch for potential future growth.

3. Chainlink (LINK)

Chainlink (LINK) is a continuously evolving project that is critical to the global adoption of cryptocurrency. This project, known as a decentralized oracle network, serves as a bridge between blockchain smart contracts and external information sources. Chainlink uses a network of nodes to collect and verify reliable and up-to-date data from outside the blockchain. This data is then made available to smart contracts on various platforms.

Since October 2023, LINK has experienced an impressive increase of approximately 180% in just four weeks. Despite this increase, the token’s price shows a striking horizontal trend. As a leading oracle network, Chainlink is in a strong position to achieve notable success in a future altcoin season.

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The article is in Dutch

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