The cryptocurrency market is gearing up for arguably the most important event of 2024: The Bitcoin Halving. This epic event, which entails the halving of Bitcoin’s block reward, is closely followed by everyone in the crypto community, be it retail traders or crypto whales.
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The BTC halving event is estimated to take place on 19 April, at a block height of 840,000. Historically, this event has been a catalyst for the prices of cryptocurrencies across the board, acting like a high tide that raises all boats. Crypto pundits speculate that in the aftermath of the upcoming BTC Halving, Shiba Inu (SHIB), XRP and NFT Finance (NFTFN) could double their value.
Shiba Inu (SHIB)
Since its inception in late 2020, Shiba Inu has evolved from a meme-worthy token meant to take on Dogecoin, into one of top cryptocurrencies. With a market capitalization of over $16 billion, SHIB is currently the second largest memecoin in the crypto market.
Frequent endorsements from influential figures like Elon Musk and Vitalik Buterin have added considerable value to SHIB over the years. SHIB is currently trading at $0.000029, but experts speculate that its price could 2x following the BTC halving event.
NFT Finance (NFTFN)
NFTFN is a leading web3 fintech firm that aims to tackle the challenges surrounding the NFT market. NFTFN has raised more than $500k from an impressive list of investors that includes Polygon, Chingari, and Dapps.The project has also partnered with top companies like OpenSea and Google Cloud.
NFTFN is currently in its presale stage, where investors are lining up to buy this altcoin for just $0.025. The Bitcoin halving event, combined with NFTFN’s sound fundamentals and strategic partnerships, could lead to a 2x rally for NFTFN in the days following the BTC halving.
XRP
Ripple is arguably the most prominent name when it comes to enterprise facing blockchain solutions. XRP is a crucial part of Ripple’s On-Demand Liquidity (ODL) service, providing liquidity in international transactions. The instant settlement and low fees offered by XRP have made it a revolutionary product among financial institutions worldwide.
Ripple also boasts partnerships with top banks like Santander and the Canadian Imperial Bank of Commerce. The impact of the BTC halving event, combined with a potential favorable outcome in Ripple’s ongoing legal battle with the Securities and Exchange Commission, could lead to a 2x surge in XRP’s price.
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