The Bitcoin halving is finally here and the outlook for crypto remains bullish. Bitcoin has surged 650% since the last halving in 2020. I believe that in the current bull run, Bitcoin could trade above $100,000. Therefore, now is also a good time to buy some of the best Altcoin.
In addition to the halving event, there are two more catalysts for Bitcoin to rise. First, there is the possibility of multiple interest rate cuts in the next 12 to 18 months. Loose monetary policy is good for risky asset classes. Therefore, Bitcoin and Altcoin may soar.
Buy the dips of the bull market and bring you 100 times the return!
CKB
Nervos Network is a proof-of-work blockchain platform that operates as a layer 1 infrastructure. Its main goal is to optimize the functionality of application-specific layer 2 chains. The network introduces CKB as its native asset, aiming to make it a sustainable store of value similar to Bitcoin while providing a more secure smart contract platform than Ethereum.
Recently, CKB has seen a sharp rise in value, breaking out of a nearly two-year consolidation phase. The cryptocurrency has long traded in a narrow range of $0.0024 to $0.0035, finally breaking out of this range since January 30 and has seen a sharp rise in the following months.
The current CKB price is $0.02727, with an intraday increase of 8.79%. According to CoinMarketCap data, the market capitalization of the token has increased, reaching $1.2 billion in the past 24 hours, up 8.80% from the previous trading day.
The price surge likely coincided with the announcement that Nervos Network’s CKB token would be integrated with the Bitcoin network. The token’s upcoming smart contract functionality, as well as interoperability and modularity features planned for a 2024 launch, has fueled investor enthusiasm.
As the market continues to gain momentum, Nervos Network is expected to benefit the most from this recovery rally. Moreover, price action and signs of a golden cross suggest that CKB price could surge higher and may soon surpass $0.050.
SHIB
Meme-Inspired Cryptocurrency: Launched in August 2020, SHIB is an Ethereum-based ERC-20 token that is a counterpart to the popular Dogecoin (DOGE), another Shiba Inu-themed meme coin.
Large Community: SHIB has gained huge traction and has a strong online community. It is considered a decentralized currency, meaning it is not controlled by any single entity.
Shiba Ecosystem: SHIB tokens form the basis of the broader Shiba ecosystem, which includes other tokens such as Leash (LEASH) and Bone (BONE) for swapping, staking, and participating in the ShibaSwap decentralized exchange.
Over the past month, the price of Shiba Inu Coin (SHIB) has shown a sustained upward trajectory, breaking through multiple resistance levels and achieving a significant increase of 31%. This trend indicates strong bullish sentiment within the market. Despite brief sideways fluctuations and minor retracements, SHIB still presents itself as an attractive investment opportunity.
SHIB is currently priced at $0.000022, and as one of the four largest Ethereum-based memecoins priced below $1, SHIB has the potential to turn a $10 investment into $1,000 in a week.
QTUM
Qtum is a Proof-of-Stake (PoS) blockchain that combines the robustness of Bitcoin with the versatility of Ethereum. It solves interoperability, governance, and smart contract integration challenges. Qtum's account abstraction layer merges Bitcoin's UTXO model with Ethereum's smart contracts. This facilitates seamless application development across a variety of virtual machines. The decentralized governance protocol enables network parameter adjustments without hard forks, promoting agile evolution.
In addition, the technology also caters to decentralized finance (DeFi), mobile applications, and cross-chain compatibility. With its ability to execute smart contracts in unspent transactions, it targets decentralized mobile application authorization and blockchain integration. The project is led by the Quantum Chain Foundation, with support from major Chinese investors and partnerships with entities such as PwC to promote blockchain adoption.
QTUM is currently priced at $4.21, having surged 9.88% in the past 24 hours. The stock has a market dominance of 0.02%, up 24% from the past year and 18.44% from its 200-day moving average of $3.56. The 14-day RSI of 39.37 suggests a neutral stance, while 53% of positive trading days in the past 30 days indicate stability. Its 30-day volatility remains low at 7%, ensuring stability in the market. Moreover, it has high liquidity with a volume-to-market-cap ratio of 0.4231, supported by a market cap of $442.12 million and a 24-hour trading volume of $187.08 million. Potential investors should carefully evaluate Qtum's metrics based on their investment objectives to accurately gauge its profitability.
