3 Cryptocurrencies Set to Soar Post-2024 Bitcoin Halving
March 2024 will mark a monumental event for Bitcoin—the fourth halving in its history. This preprogrammed supply shock has proven to be a catalyst for explosive growth in the past. After previous halvings, Bitcoin went on epic bull runs that minted millionaires—many who had the foresight to hold BTC through halvings reaped fortunes in the months after.
Following the first halving in 2012, the major cryptocurrency surged over 8000%. Then in 2017 after the second halving, Bitcoin’s price skyrocketed from under $1000 to nearly $20,000 in a matter of months.
With BTC’s built-in monetary policy set to constrain supply again this March, the BTC price is expected by many to soar to new all-time highs. But Bitcoin may not be the only winner—other select cryptocurrencies have shown even stronger upside in the past when Bitcoin’s halvings occur.
Their blockchain fundamentals and correlations to Bitcoin price action strategically position these some crypto gems to potentially capitalize on the upcoming supply shock. Analyzing historical data and projecting future trends suggests three cryptocurrencies—Ethereum, Litecoin, and Bitcoin Minetrix—could post outsized returns leading up to and/or after March 2024’s halving event.
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As the second-largest cryptocurrency behind Bitcoin, Ethereum has firmly established itself as the leading smart contract platform. Launched in 2015, Ethereum introduced the ability to create and execute decentralized applications and self-executing smart contracts on its blockchain. This opened up a world of possibilities for blockchain-based financial services, games, collectibles, and more through the rise of decentralized finance (DeFi).
Ethereum’s native token, Ether (ETH), has seen
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