Best Crypto To Buy Before Halving For Long Term: As Bitcoin halvings come closer, traders and investors speculate that Bitcoin and other altcoins may soar massively. Besides investor speculation, retail investors are still looking for the best crypto to buy before halving for long term. We all know the potential of cryptocurrency in terms of return and profit on investment. 

In this article, we will get to know more about Bitcoin Halving, the best crypto buy before halving for long term, things to know before investing in cryptocurrency, and many more things. So, read till the end, for a comprehensive understanding.

What is Bitcoin Halving?

Bitcoin halving is an event where Bitcoin miners’ reward is halved after the successful completion of the Halving event. In simple words, a Bitcoin Halving event occurs every four years or we can say that after 210,000 blocks are mined by the Bitcoin miners on the Bitcoin blockchain. 

During the Bitcoin halving, the rewards that Bitcoin miners received for validating transactions and adding a new block to the Bitcoin blockchain are halved. Currently, the miners receive 6.25 BTC, but after the next halving, this reward will be reduced to 3.125 from 6.25.

The main reason for Bitcoin Halving is to control Bitcoin supply and to regulate the rate at which new Bitcoins are created. However, the key reason behind the Bitcoin Halving is to control supply, create scarcity, and offer incentives for miners.

What happens When Bitcoin halves?

There are a few things that the overall cryptocurrency industry experienced following Bitcoin’s Halving. Here, is the list of things that may create an impact after Bitcoin halves:

• The Bitcoin Miners who are getting the reward of 6.25 Bitcoin for adding one block will be halved to 3.125 Bitcoin.
• Miners’ reward will be halved.
• It is expected that following Bitcoin’s halving market sentiment will become bullish.
• Network Security is not compromised.

Best Crypto To Buy Before Halving For Long Term

As is previously observed every time the completion of Bitcoin halved overall cryptocurrency market massively surged and this analyst as well as institutional investors expected the same move. However, here are the best crypto buys before halving for long-term:

Bitcoin (BTC):

Bitcoin is the world’s biggest cryptocurrency with over $1.3 trillion market capitalization. Institutional investors as well as asset management firms are continuously speculating that in the coming day, Bitcoin will hit $100K and even more. As the cryptocurrency industry is continuously evolving, and Bitcoin is the face of cryptocurrency after the approval of spot Bitcoin ETF (Exchange Traded Fund) Bitcoin’s price massively over 50% surged and also hit its all-time high. 

However, it might be the right time, to invest in blue chip crypto which is less risky and even non-speculative because of its limited supply. After Bitcoin Halving every time Bitcoin massively surged and this time, there is a 90% probability that Bitcoin will experience the same thing this time.

The important thing to know about Bitcoin

• It is the first and only cryptocurrency with a more than $1 trillion market cap. 
• The maximum supply of Bitcoin is 21,000,000 only.
• First cryptocurrency with spot ETF.
• One of the oldest and first-ever cryptocurrencies.
• The world’s biggest asset manager giant BlackRock’s CEO and founder Larry Fink says that Bitcoin is digital gold.

Ethereum (ETH):

Ethereum is the world’s second-largest cryptocurrency with a market of $470 billion. Following the approval of spot Bitcoin ETF, asset management firms filed spot Ethereum ETF and as of they are waiting for the approval of ETF. However, ETF experts are expecting that Ethereum ETF might get approval in May 2024. 

Currently, investors and institutional investors are making their big move into Ethereum and continuously accumulating including TRON founder Justin Sun and many others. Whereas, PulseX and PulseChain recently purchased over $564 million worth of Ethereum in the last 3 days with an average price of $3,787 level. 

Without an optimistic view regarding Ethereum, no one can purchase this much of Ethereum. However, Ethereum might be the best crypto to buy before halving for long term. One thing which also getting focus is Ethereum’s performance in the last 30 days gained over 60% of upside momentum.

The important thing to know about Ethereum

• Ethereum is 2nd biggest cryptocurrency in the realm of web3.
• Spot Ethereum ETF approval is in discussion with SEC, following approval it is expected that the Ethereum price will skyrocket.
• BlackRock’s CEO Larry Fink following the approval of  Spot Bitcoin ETF during the interview says that he is interested in Bitcoin.
• Investors before the spot ETF approval, are continuously accculating Ethereum.

Solana (SOL):

Solana is one of the biggest DeFi projects with a market cap of over $65 million. However, in 2023 it has gained over 1000% of price surge from $10 to $120, whereas currently, it is trading near $146. Investors as well as traders expected that after Bitcoin halving it will hit its all-time which is near $260. 

Besides its price surge in 2023, Solana-based multiple cryptocurrencies like BONK, and WIF also soared more than 1000% in 2023. Although it is one of the best crypto to buy before halving for long term.

The important thing to know about Solana:

• In 2023, Solana experienced a price surge of over 1000%, although it has the potential to hit its all-time high which is $260.
• One of the main reasons to invest in Solana is the multiple-year resistance breakout of a level near $140.
• The recent launch of Web3 phone (Solana SAGA).

Dogecoin (DOGE):

Dogecoin is one of the biggest meme coins with a market cap of $25 billion. It is gaining massive attention from crypto enthusiasts because of the recent price surge. In the last 30 days, DOGE has soared more than 120% in upside momentum. Whereas, Elon Musk continuously backs the DOGE token as his Tesla accepts the DOGE coin as a mode of payment.

Besides this price performance, if we look at its technical analysis, looking towards the chart of DOGE, it is looking bullish. The reason for the bullish is the recent breakout of a strong resistance level near $0.165. However, currently, it tends to hit $1 in mid-April as speculated by a prominent trader and analyst on X (Previously Twitter).

The important thing to know about DOGE:

• Elon Musk is one of the biggest holders of DOGE coin.
• Recently gives a breakout of a strong resistance zone which clears its path for upside momentum.
• Recently, 1,000+ DOGE coin investors became millionaires as its price has soared by 100% in the last 30 days.

Shiba Inu (SHIB):

Shiba Inu is another and the second biggest meme coin with a market cap of $21 billion. However, its price soared more than 280% in the last 30 days which attracted massive investors as well as retailers. Currently, is consolidating in a tight range, and during this consolidation phase crypto whales are continuously accumulating the SHIB token. If we look at the performance of SHIB over a longer period in the last 7 days, it experienced a massive price surge of over 70%.  SHIB token might be the best crypto to buy before halving for long term.

The important thing to know about SHIB:

• SHIB is the 10th biggest cryptocurrency and we all know how memes coin moves when it comes to itself.
• In the past few weeks, SHIB tokens outperformed major cryptocurrencies like AVAX, DOT, TRX, MATIC, LINK, and many others.
• At the current time, It is 60% lower than its previous all-time high, and it is expected that after Bitcoin halving it going to skyrocket.

Render (RNDR):

Render (RNDR) is one of the top DePIN crypto projects as well as AI tokens with a market cap of over $4.68 billion. Additionally, it has huge potential to give massive upside momentum following Bitcoin’s halving. 

If we look at the performance of the RNDR token over a longer period, in the last 7 days it experienced a price surge of over 58%, whereas, in the last 30 days it experienced a price surge of over 175%. However, it has still the potential to give a massive price surge as its market cap is very low compared to many other meme coins. RNDR token might be the best crypto to buy before halving for long term.

Bittensor (TAO):

Bittensor (TAO) is 2nd biggest AI token with a market cap of $4.56 billion. Currently, TAO might be the best crypto to buy before halving for long term. Although, TAO is still 6% lower than its all-time high and it has a huge potential to give a massive price surge in 2024.

If we look at the performance of the TAO token over a longer period, in the last 7 days it experienced a price surge of over 7%, whereas in the last 30 days TAO token experienced a price surge of over 45%.

Fetch.Ai (FET): 

Fetch.Ai (FET) is also one of the top crypto-AI tokens with a market cap of over $2.55 billion and it has the potential to give a massive price surge in the coming days. However, it is trading above its all-time high.

If we look at the performance of the FET token over a longer period, in the last 7 days FET token experienced a price surge of over 68%. Whereas, in the last 30 days FET tokens experienced a price surge of over 440% upside momentum.

Which crypto will grow in 2024?

If you are looking for which cryptocurrency will give a massive return in 2024, although the cryptocurrency market is quite unpredictable. But, if you invest in top cryptocurrency, it is for sure, that you’ll not gonna lose your money. Before investing in any cryptocurrencies make sure, the token has of high market cap and lies in the top 20 cryptocurrencies. 

However, you should go through the best crypto to buy before halving for long term. All these mentioned tokens are top and they have the potential to give massive returns. But before you directly buy make sure to do your own search.

Conclusion

Looking at the historical data it is clear that after Bitcoin Halving, besides Bitcoin overall cryptocurrency may experience a massive price surge. However, the best crypto to buy before halving for long term are Bitcoin, Ethereum, Solana, Dogecoin, Shiba Inu, Render (RNDR), Bittensor (TAO), and Fetch.ai (FET). Additionally, one thing that you all need to understand is that the cryptocurrency market is very unpredictable, all these mentioned tokens have the possibility that after Bitcoin Halving they might experience a massive price surge.

Frequently Asked Questions (FAQs)

Which crypto will skyrocket in 2024?

Following the approval of the spot Bitcoin Exchange Traded Fund (ETF) in the United States, the overall cryptocurrency market has experienced a massive price surge. But, the next event is Bitcoin Halving after this we may see a massive price surge in the cryptocurrencies. The crypto that has the potential to skyrocket in 2024 are:

1. Bitcoin
2. Ethereum
3. Solana
4. Dogecoin
5. Filecoin

What are the top 5 cryptos to invest in 2024?

The overall cryptocurrency market is experiencing a bullish market sentiment. Besides, this bullish market sentiment, 2024 is going to be one of the years in terms of bullish momentum. However, the top 5 crypto to invest in 2024 are:

1. Bitcoin
2. Ethereum
3. Solana
4. Fetch.ai
5. Render

Best altcoins for the next bull run

Currently, the market is in a bull run as the majority of top cryptocurrencies are experiencing a bullish momentum. However, the best altcoin for the next bull run should be:

1. Ethereum
2. Solana
3. DOGE
4. Filecoin
5. Cardano