Top 5 Altcoins That Might Recover Before the Bitcoin Halving

The crypto market has taken a hit, dropping to its lowest performance of 2024 with a global market cap of $2.29 trillion after a 4.59% decline. However, there are signs of recovery for some altcoins before the Bitcoin halving event. Let’s take a look at the top 5 altcoins that might bounce back:

1. Ethereum: Despite a 15% drop in price to $3,081.02, Ethereum shows bullish signals for the long run with support around $2698.5 before surging to $3789.7.

2. Solana: Trading at $132.47 after a 24% dip, Solana is expected to recover with the announcement of an airdrop and a network update to solve congestion issues.

3. Toncoin: Priced at $6.12 with a 13.29% drop, Toncoin is expected to recover before the halving event due to its recent partnership with Telegram.

4. Shiba Inu: Showing signs of recovery from a low of $0.00001927 to $0.0000221, Shiba Inu’s trading volume has surged by 5.26%, indicating increasing demand.

5. Cardano: Currently trading at $0.4553 after a 6% fall, Cardano is expected to recover and potentially reach $3, similar to its performance in 2020.

While the market is currently experiencing fluctuations, analysts are optimistic about the recovery of these altcoins before the Bitcoin halving event. It remains to be seen how these altcoins will perform in the coming days. Stay tuned for more updates on the crypto market.