5 Crypto To Buy Ahead Of The Next Bitcoin Breakout

After braving an enormous spike in volatility in January, cryptocurrencies gained momentum in February, led by Bitcoin’s surge from below $39,000 to $53,000. On the other hand, investors are seemingly turning their attention to select crypto to buy – with the likes of Ethereum (ETH), Cardano (ADA), Shiba Inu (SHIB), Blur (BLUR), and Terra Classic (LUNC). These tokens stand out as promising investments, with the halving on the horizon. 

1. Ethereum (ETH)

Ethereum, the decentralized blockchain system known for its cryptocurrency, Ether, is witnessing a surge in market interest. This uptick in enthusiasm comes on the heels of Bitcoin’s notable climb past the $52,000 mark. Over the recent four-day span, Ethereum’s valuation has seen a marked increase, prompting a wave of market liquidations.

The upward trend has especially impacted the volume of liquidated trades, with short positions bearing the brunt. Ethereum’s price currently stands at $2,804, reflecting a 1% increase over the last 24 hours and a 13% rise in the weekly chart. This performance has positioned Ether as the most promising investment ahead of the Bitcoin halving event.

2. Cardano (ADA)

Cardano is a pioneering proof-of-stake blockchain platform dedicated to empowering innovators, visionaries, and agents of change to foster a positive impact worldwide. The platform’s native digital currency, ADA, has recently witnessed a notable increase in value, aligning with a broader surge across the cryptocurrency market. 

This uptrend has positioned ADA for further gains ahead of the anticipated halving, with its price now surpassing the $0.60 mark. With a Cardano price trading at $0.6034, ADA’s market cap has soared to $12.3 billion, marking an impressive 14 percent rise just this past week. This bullish trend hints at the possibility of continued significant growth for ADA.

3. Shiba Inu Coin (SHIB)

Shiba Inu Coin, a meme-based digital currency, has recently been spotlighted in the crypto world, showcasing an encouraging upward trajectory. In the past 13 days, the SHIB currency has seen a significant uptick in value, following its breakthrough from a declining resistance trend. SHIB has experienced a 1.11% increase in the last day, edging closer to shedding a zero from its price point. 

The momentum built by Shibarium’s token burn and a strong market demand suggests SHIB’s price may soon climb over the $0.00001 threshold, especially with the upcoming BTC halving event, positioning it as a top altcoin for potential investment.

4. Blur (BLUR)

Blur (BLUR), a key figure in the NFT marketplace and aggregator sector, continues to offer cutting-edge features. BLUR’s price has been subject to fluctuations, trading near $0.72. Its price has varied, touching a weekly low of $0.60 and reaching a high of $0.77. This volatility underlines the unpredictable nature of the crypto market while also hinting at the potential for significant gains.

The momentum behind Blur’s crypto is building, driven by an influx of buyers eager to break through existing supply levels. With the broader crypto market, including Bitcoin, showing signs of strength, BLUR is well-positioned for a notable ascent from its current base, promising exciting prospects for investors and market watchers alike.

5. Terra Classic (LUNC)

Terra Classic, a notable blockchain protocol that anchors its operations on fiat-pegged stablecoins to ensure price stability in global payments, is currently basking in an optimistic trend within the wider crypto market. The trading value of Terra Classic (LUNC) has appreciated to $0.000128, marking a 5% increase.

This positive momentum is further amplified by the burn mechanism for LUNC tokens, alongside an impressive surge in LUNC staking and increased trading volume. The cryptocurrency market, buoyed by Bitcoin’s push beyond the $52,000 resistance level, anticipates more gains as the halving event approaches, offering a bright outlook for Terra Classic and the broader market.

Bottom Line

As the Bitcoin halving in 2024 draws near, Ethereum, Cardano, Shiba Inu, Blur, and Terra Classic emerge as key cryptocurrencies to watch. Their recent performances and strategic developments position them for potential growth, offering diverse investment opportunities. It is expected that as BTC price rallies, capital will start to trickle down to altcoins, first to large-caps, mid-caps, and later to small caps, giving investors a chance to dollar-cost average (DCA) for maximum gains in the anticipated bull market.

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