From NASDAQ MarketSite.: 2024-04-09 08:00:59

The Bitcoin halving, expected around April 20, historically leads to price appreciation. Experts predict Bitcoin to reach $100,000 this year, currently hovering at $72,000. Altcoins are benefiting from Bitcoin’s rise, with ETF approval from SEC providing institutional recognition. However, some experts believe only Bitcoin will be directly impacted by the halving.

As the halving approaches, Bitcoin’s price surge remains uncertain for smaller coins. Altcoins have seen gains with Bitcoin’s rise, especially through approved ETFs. Experts advise sticking to Bitcoin and Ethereum for investment, warning against speculative meme coins. Post-halving movement may see altcoin price surges, with trends driven by holders trading into other digital assets.

Altcoins may move significantly post-halving, driven by Bitcoin holder profits trading into other digital assets. Investors are advised to educate themselves on sectors like smart contracting and avoid speculative meme coins, similar to ICOs in previous cycles. Ethereum is facing competition from protocols like Solana and Binance Smart Chain due to cost and efficiency advantages.

Read more at Nasdaq: Which Crypto Should You Invest In Ahead of Bitcoin Halving?