Top Altcoins to Hold Amidst Bitcoin Halving Uncertainty
The recent Bitcoin halving may not have had the immediate impact that many were hoping for, but the long-term outlook is what has ardent crypto investors excited. With the anticipated supply crunch, the bull run for not only Bitcoin but also key altcoins like Ethereum (ETH) and Dogecoin (DOGE) could be a force to be reckoned with.
Despite the uncertainty in the crypto market and the red color dominating the charts, some investors see this as an opportunity to dollar-cost average (DCA) and buy altcoins with the potential for over 100X profit.
Currently, Bitcoin is hovering around $64,542 after a correction from a weekly peak above $67,000, while Ethereum sits below $3,200. Altcoins have been the most affected by the recent headwinds, with some tokens experiencing double-digit losses.
In this uncertain market, identifying the altcoins to hold could be crucial for investors looking to capitalize in the long-term. Ethereum (ETH) tops the list of altcoins to hold, with the optimism for a potential Ethereum Exchange-traded fund (ETF) gaining momentum. However, recent reports suggest that the SEC may deny Ethereum ETFs, causing some uncertainty in the market.
Dogecoin (DOGE) has also seen a surge in trading activity, with a 10% uptick in volume totaling $1.38 billion. Despite fluctuations in price, there is growing anticipation that Dogecoin could see further gains if it remains above $0.14.
Overall, the crypto market may be facing uncertainty, but for savvy investors, this could be a time to strategically invest in altcoins with long-term potential. As the market continues to evolve, keeping an eye on key altcoins like Ethereum and Dogecoin could be the key to success in the coming months.
