This year, the situation is turbulent, the war in the Middle East continues, and the U.S. stock market plummeted. It just so happened that the currency circle happened to encounter the halving of Bitcoin. More people have a need for hedging, and domestic and foreign capital have entered the market. Market volatility and price increases are inevitable.

What impact will the Bitcoin halving have?

Bitcoin halving, reduced production, higher mining costs, based on these factors, miners will certainly raise prices, and with the demand for financial equipment from foreign capital, the need for risk hedging, Bitcoin's hedging function is becoming more and more important. Moreover, after Bitcoin halving, each halving will usher in a rise of about 500 days, and this time it may continue to fluctuate upward, at least until November next year.

Recommend 4 cryptocurrencies with 100x potential!

1. AR

Arweave is a distributed storage network built on blockweave technology, where each block is linked to two previous blocks. Arweave is not a chain in the strict sense, but a more complex graph structure called Blockweave.

Arweave has seen considerable growth in the crypto industry since its launch. The token has utility as a decentralized platform for permanent data storage. Its native token, AR Coin, continues to generate significant ROI for early investors. AR has also gained widespread acceptance in the cryptocurrency community due to its various utilities.

The Arweave project has a clear future roadmap and is actively developing new initiatives.

The innovative approach of this token makes it a promising long-term investment. Major cryptocurrency exchanges have already listed AR on their platforms. The news of these recent listings has generated positive attention for the token.

The analysis predicts that the maximum cost of Arweave (AR) might reach $68.16 by the end of 2024. Based on the market stability and bullish trend, AR might trade at an average price of $63.58 by June. Conversely, if there is a significant decline in the cryptocurrency market, the minimum price of AR coin might drop to $57.66 by 2024. However, the continued bullish sentiment might lead to a significant increase in the price of AR coin in the last quarter of the year.

2. BABY

PEPE is a cryptocurrency developed by an anonymous team based on the Meme "Pepe the Frog".

Pepe has been in a downtrend and traded within the confines of a falling wedge pattern in April. However, the bulls found support near $0.00000486 and pushed the price from the lower boundary of the wedge to above the upper boundary.

PEPE is also trading above the 50-day simple moving average (SMA), which confirms the upside potential for the price. If the upside momentum continues to increase, it will encourage buyers to push the price above the 200-day SMA, thus confirming the recent momentum. Moreover, the relative strength index (RSI) is also trading within the oversold level of 69, indicating that PEPE is facing huge buying pressure from buyers aiming to push the price higher.

However, the 50-day SMA crossed below the 200-day SMA at $0.00000778, forming a death cross. The death cross could initiate a downside move that pushes the price below the $0.0000048 support level, thereby forming a double bottom pattern and further solidifying the long-term bullish sentiment.

3. NEO

NEO is a non-profit community-based blockchain project. It is a distributed network that uses blockchain technology and digital identity to digitize assets, and uses smart contracts to automate the management of digital assets to achieve a "smart economy".

Neo has become one of the biggest gainers in crypto today. The coin has gained more than 57% in the past 7 days. Its trend is unique as it goes against the overall crypto market outlook. Investors are generally bearish due to rising inflation rates in most countries. Bitcoin's price has been volatile for several days and its impact is visible across the market.

NEO’s technical analysis indicates multiple strengths. Its RSI value remains relatively neutral, indicating a steady bullish rhythm, and the 200-EMA is at 12. This EMA remains below the current price, meaning that investors are likely to maintain the bullish trend. Furthermore, NEO’s MACD readings and various other oscillators associated with the chart suggest that it has more room to grow. Also, it remains to be determined whether investors will witness NEO surpass its ATH value in this bull run. However, the platform is gaining widespread popularity. Its continued participation in Web3 Festival 2024 provides the project with a platform to increase its visibility.

Therefore, there is a high chance that NEO will see an increase in demand after the halving. It remains one of the cryptocurrencies that investors should keep an eye on this quarter. This prediction is due to its potential for a significant increase in price.


4. NEAR

NEAR Protocol is a decentralized application platform that aims to enable applications with similar usability as on the web today. The network runs on a Proof of Stake (PoS) consensus mechanism called Nightshade, which aims to provide dynamic scalability and stable transaction fees.

Near has experienced a gradual upward trend, with a significant price increase in the last 24 hours. Market data for the cryptocurrency shows a gain of more than 8% on the day. The surge was accompanied by a growth of about 40% in trading volume. The rise in value has brought it closer to the resistance level of the $7.48 price range. The upcoming event is one of the key influencing factors driving the growing popularity of NEAR.

A break above this level suggests that the near-term highs in the $8-9 region could be reached. This prediction is expected in the short term, while a higher range is expected in the long term. The analysis predicts that the value of the coin will exceed its all-time high after the halving.

Furthermore, data from NEAR technical analysis predicts further bullish trends. Looking at the daily chart, its RSI chart is trending close to the 57 range, which is relatively neutral considering the overall pessimism of the entire crypto market.

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