Best Crypto to Buy Now: Bitcoin, Dogwifhat, THORChain – April 19, 2024
The Bitcoin halving is just hours away, and investors are wondering if BTC is the best crypto to buy now. With the issuance rate to miners set to drop by 50%, reducing annual inflation to around 1%, the halving could lead to a decrease in spot market sell pressure from miners. Historically, Bitcoin halvings have been followed by significant price rallies, but this time, Bitcoin has already hit new record highs.
Despite this, many believe that Bitcoin still has room to grow, with some predicting a potential rally to $180,000 post-halving. While the post-halving rally may take a few months to kick in, macro headwinds and strong US data could impact short-term price movements. However, the long-term outlook for Bitcoin remains positive, with the potential for it to reach $100,000 in the coming quarters.
For new investors entering the crypto space, Bitcoin is seen as the best crypto to buy now. However, for those looking to take on more risk, altcoins like Dogwifhat (WIF) and THORChain (RUNE) are also gaining attention. Both coins have shown strong performance recently, with the potential for significant gains in the near future.
Overall, while Bitcoin remains a solid choice for new investors, altcoins offer a higher risk, higher reward opportunity for those looking to diversify their portfolios. Additionally, getting involved in crypto presales could also be a lucrative investment strategy for those willing to take on more risk. As always, it’s important to remember that crypto is a high-risk asset class, and investors should do their own research before making any investment decisions.
