The crypto market value surged and rolled higher on Monday reaching $2.8 trillion thanks to Bitcoin’s debut atop $72,000 again. Besides, BTC price increase, top altcoins to buy including Shiba Inu (SHIB), Pepe Coin (PEPE) and dogwifhat (WIF) steadies their uptrends, hinting at further growth this week and throughout April.
According to NiceHash countdown, Bitcoin halving is due in approximately nine days at block height 840,000. Currently, the network is at a block height of 838,332.
Following the halving rewards miners receive for mining Bitcoin will go down from 6.25 to 3.15 – a condition that will significantly shrink supply in subsequent months, thus propping Bitcoin and the crypto market in general for an exponential rally.
Although the halving is related directly to Bitcoin, history has shown that altcoins to buy like Shiba Inu tap into the positive momentum and trigger a remarkable growth in value.
This article delves into 3 top altcoins to buy ahead of the halving likely to maximize profits in April such that $10,000 portfolios grow tenfold to $100,000.
1. Dogwifhat (WIF)
Bitcoin price topped the $72,000 level following the correction to $65,000 which ushered in the month of April. The fresh uptick in price comes ahead of the fourth Bitcoin halving anticipated in less than a week.
Mirroring the previous halvings, investors have been taking positions to capitalize on the positive momentum in the market with attention channeled into tokens with a higher correlation index to Bitcoin price such as meme coins.
Market data from CoinGecko reveals a sizeable 9% surge in meme coin prices, led by dogwifhat’s 15% surge. Other related coins performing well on Monday include Joe Boden (BODEN), Degen (Base) (DEGEN), Popcat (POPCAT) and The Dog NFT (DOG).
WIF’s trading volume soared to $711 million in 24 hours reflecting growing interest among investors. A subsequent surge in the market cap to $4.15 billion makes dogwifhat the 30th biggest crypto.
Some traders may want to see another confirmation of support at $4, highlighted in the grey band before seeking more exposure.
Several four-hour candle closes above the $4 support would keep WIF buoyant and in bulls’ hands for the next anticipated move to the ATH. Realize that entering the price discovery mode could clear the path for a debut above $10, setting unprecedented for Solana-based meme coins.
2. Shiba Inu (SHIB)
In the past few hours, Shiba Inu has displayed a significant fluctuation in its market value. After a noticeable dip to $0.0000274, the cryptocurrency saw a sharp increase, peaking at $0.0000294. However, this rally was short-lived, as the price corrected slightly, settling at $0.00002855.
Despite this volatility, the trading volume surged by 31.59%, indicating a heightened trader interest, which totaled an impressive $752.92 million in trades over the last 24 hours.
The market capitalization of Shiba Inu experienced a slight decline of 0.68%, bringing it to approximately $16.82B, maintaining its position at 12 in market rankings. The circulating supply of SHIB remains at a vast 589.29 trillion coins, matched closely by its total supply.
Investors and enthusiasts of the meme-based cryptocurrency remain watchful as these rapid changes unfold, reflecting the dynamic and often unpredictable nature of the cryptocurrency market.
Shiba Inu Coin is encountering a crucial resistance point at $0.000029. Surpassing this level could lead its value to climb towards $0.00005, potentially paving the way for an ascent to the elusive $0.001 mark.
3. Pepe Coin (PEPE)
For over a month, the Pepe coin price has traded sideways resonating with the two converging trendlines of a bullish pennant pattern. The continuation setup developed above the 50% retracement level also highlights health retracement which allows the buyers to regain control over this asset.
On April 5th, the Pepe Price witnessed its latest reversal from the pattern’s support trendline, bolstering the 20% up to reach the $0.0000076 mark. If the broader market remains bullish, the coin buyers may push the price another 8% to hit the overhead trendline at $0.0000082.
However, on a contrary note, if the coin price breaks below the lower support trendline, the supply pressure intensifies and prolongs the current correction. This breakdown could push the Pepe coin to the $0.00000313 mark.
The post 3 Top Altcoins To Buy For Novice Investors To Make $100,000 This Week appeared first on CoinGape.
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