3 cryptocurrencies with 100x potential suitable for bottom-fishing in the April bull market

With less than half a month to go before the 2024 Bitcoin halving - perhaps the most anticipated event in the cryptocurrency world this year.

Although the large number of countdown timers on various platforms highlight the importance of decentralization, its true impact on the cryptocurrency market remains somewhat vague.

Officially, the Bitcoin halving means that the Bitcoin mining reward is halved. However, its impact is not limited to mining dynamics.

These events occur approximately every four years and have historically been key moments in Bitcoin's journey, shaping its price trajectory and influencing market sentiment.

In each halving cycle, we have observed a sharp increase in institutional interest in Bitcoin and altcoins.

Today's market analysis:

The highest price of Bitcoin in the past day was 66,900, and the lowest was around 64,400 (European and American spot price 8:00-8:00), the real-time over-the-counter oil price was 7.36, and the European and American long-short position ratio was 1.68.

From the current hourly candlestick chart, the strength and weakness indicators are in a narrow range in the normal area, the trend indicator is close to the zero axis, the trading volume is flat year-on-year, and the moving average is in a fluctuating and consolidating pattern.

In the four-hour candlestick chart, the strength and weakness indicators have returned to the normal area, the downward momentum of the trend indicator continues to weaken, the trading volume is mildly enlarged year-on-year, and the moving average is in a fluctuating and bearish pattern.

Comprehensive analysis:

The trend of the big cake fluctuates narrowly during the day, and the direction is more bullish from the evening to tomorrow. The overall trend is cautiously bullish. In the past day, the big cake supports 65400-64900, and the risk control is 64600. The pressure is 66750-67450, and the risk control is 67800.

After the initial adjustment period, Bitcoin often starts a big bull market, pushing the price to a new high. During this period, many altcoins with 100 times the potential will emerge.

1. TRX

In recent TRON (TRX) news, the Tron blockchain is facing SEC charges over the regulatory status of its TRX and BTT tokens, and filed a memorandum on March 28 challenging the SEC’s jurisdiction. This key TRON (TRX) news highlights the company’s dispute over securities classification, claiming that the SEC’s actions exceeded regulatory boundaries.

In addition, the TRON (TRX) news involves allegations that celebrities promoted TRX and BTT without proper disclosure, which complicates the impact of the lawsuit on cryptocurrency regulation.

The news about TRON (TRX) reflects the ongoing conflict between blockchain projects and regulatory frameworks, highlighting the need for clear rules to protect investors while promoting innovation in the cryptocurrency space.

2. XRP

Today's large volume of transactions has pushed the XRP price below $0.60, sparking market speculation and affecting XRP price predictions.

According to data statistics, with nearly 925 million tokens transferred, XRP price predictions have become uncertain, reflecting the fluctuations in market sentiment.

Despite a 4.62% drop and trading at $0.5715, the XRP price is still expected to return to the $0.60 mark, and if it returns to $0.60, it will remain bullish.

3. SHIB

Shiba Inu (or SHIB) is a community-driven digital currency that draws inspiration from meme culture. It is based on Ethereum's Dogecoin and uses the iconic Shiba Inu breed as its logo. SHIB started as a humorous interpretation of crypto, and like its meme coin, it has gained tangible value and utility. Initially, SHIB supplied a massive 1,000 trillion tokens to the market, but its ecosystem has developed mechanisms to reduce this supply through strategic token destruction.

Over a week, the SHIB cryptocurrency has fallen by about 11.94%. However, the coin has grown by nearly 19.80% in a month and 181.73% in the past 3 months. The return in the past 6 months is 278.01%, and it has grown by 161.03% so far this year.

The SHIB cryptocurrency price is trading at $0.00002638 with an intraday gain of 1.89%, indicating a bullish technical chart. The monthly return is 19.80% and the annual return is 161.03%. Its market capitalization is $15.9 billion. The indicators are bullish, suggesting that the price will reach higher levels in the coming trading sessions.