Bitcoin Halving Moves: Bitcoin’s price has been skyrocketing recently as we get closer to the halving in April. The main cryptocurrency has gone up by more than 114% in the last year, reaching its highest point in 24 months. With the Securities and Exchange Commission giving the green light to some Bitcoin ETFs and more big investors putting money into this type of asset, it looks like Bitcoin’s upward trend might just be beginning.
Bitcoin is valuable because there’s only a limited amount of it, like gold is valuable. Every so often, the reward for people who make new Bitcoin gets cut in half, which means fewer new Bitcoins are made. This might cause a sudden increase in demand for Bitcoin, making its value go way up.
Certainly! When you’re aiming for bigger rewards, you also face greater risks. Altcoins are very unpredictable and risky investments. I suggest only investing money that you’re okay with losing. However, for those willing to take some risks, I’ve picked out three altcoins that I think are undervalued as we approach the upcoming halving.
Swiss Cheese (SWCH-USD)
When you first see SwissCheese (SWCH-USD), you might think it’s just another funny-named meme coin. But don’t be deceived by that. This project actually offers valuable features and uses, which could make it very popular once more people know about it.
Right now, SwissCheese is valued at only $6.4 million. But considering how popular the platform is worldwide and its connection to the excitement around cryptocurrency, there’s a chance for it to grow a lot. If SwissCheese becomes even somewhat popular, the small value it has now could turn into much bigger profits, like 10 or 20 times what it’s worth. This risk-reward situation seems like a good opportunity to me.
Alephium (ALPH-USD)
This blockchain platform is designed to be fast, safe, and use less energy to support the future of Web3 and decentralized apps.
Layer 1 protocols such as Alephium provide great potential for investors who are okay with taking bigger risks. Right now, Alephium’s prices look cheap if it can become a top-notch blockchain for smart contracts.
Disclaimer: The information on this website isn’t meant to be taken as advice for investing money. Investing involves uncertainty, and there’s a chance you could lose your money when you invest.
