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Cryptocurrencies to Watch Ahead of Bitcoin Halving According to Bittime

Mar 29, 2024

The Bitcoin Halving is approaching and is expected to take place in April 2024. Bittime has named four cryptocurrencies worth watching. Bitcoin Halving is an event occurring every four years and is highly anticipated by crypto market participants. This time, the Bitcoin price reached an all-time high a few weeks before the halving.

Bitcoin's increase in value is attributed to various factors such as the approval of the Bitcoin ETF in the US capital market and the Federal Reserve's interest rate policy. This has boosted investor risk appetite and supported the overall crypto asset market. The CEO of Bittime highlighted that Bitcoin reached a peak price of US$73,373 in March 2024, with a market capitalization exceeding US$1.4 trillion.

Historically, there tends to be volatility in the crypto asset market leading up to halving events. Therefore, diversifying a portfolio with other cryptocurrencies is recommended to maintain a positive outcome. Bittime suggests that certain cryptocurrencies have the potential to perform well in the period leading up to Bitcoin Halving based on project roadmaps, narratives, and community support.

Ondo Finance (ONDO) is focused on making institutional-level financial products and services available to everyone through the power of public blockchain. Notably, ONDO has experienced a 109% surge in value in a month and plays a significant role in liquidity with stablecoin. The project boasts a dedicated team with experience from renowned financial institutions like Goldman Sachs.

Internet Computer Protocol (ICP) is a cryptocurrency that enhances cloud functionality without servers autonomously on the public internet. It allows building various systems or services fully on a decentralized network using "canister software", an evolution of smart contracts. ICP has seen a 49% increase in value due to its entry into the real world asset domain.

Dogecoin (DOGE), known for being a meme coin, has gained popularity for its meme featuring a Shiba Inu dog. Recently, the token rose by 107% following news of its use as a payment option on social media platforms like X or Twitter.

Aevo (AEVO), a DeFi platform launched in 2022, aims to dominate on-chain options trading. Integrated with Ribbon Finance, Aevo combines traditional options trading infrastructure with the transparency and accessibility of blockchain technology. AEVO has observed a 22.73% increase in value over the past month.

These are the cryptocurrencies worth keeping an eye on and potentially incorporating into one's portfolio as Bitcoin Halving approaches, according to Bittime.

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