As the Bitcoin halving is set to occur today, many crypto fans are gearing up to invest in different altcoins. Some of these coins hold significant potential to hit the $100 price level, and this report explores three such promising options.
MoonRiver (MOVR): A Hidden Gem on the Rise
The MoonRiver (MOVR) token has been quietly making waves, having been somewhat overlooked. Despite experiencing a significant drop from its all-time high of $485 to as low as $5 in 2023, the bullish outlook for the asset remains intact.
As the broader crypto market staged a recovery, MOVR witnessed an impressive rally. In the days leading up to Christmas, its price surged from around $6 to a peak of $44, marking a remarkable 700% gain in a short span.
Although the price retraced by about 50% since then, it has maintained a position above $20, indicating strong potential for the coin. With a relatively low supply of around 11 million coins and a historical tendency to spike rapidly, MoonRiver emerges as a strong contender to breach the $100 mark in the near future.
MOVR price at $24 | Source: MOVRUSDT on Tradingview.com
Litecoin’s Resurgence: A Promising Comeback Post-Halving
In the lead-up to its halving in 2023, Litecoin experienced a remarkable surge, positioning itself among the top-performing altcoins. However, following the completion of the halving, LTC faced a gradual and sustained decline. Recent developments, however, suggest a reversal in this trend.
Amidst the Bitcoin market’s turnaround, Litecoin has regained momentum, briefly surpassing the $75 mark early on Tuesday. Often referred to as the digital silver, Litecoin could be gearing up for more robust rallies, especially with the impending Bitcoin halving—a historical catalyst for bull markets. Should this momentum persist, LTC stands a good chance of easily surpassing the $100 threshold.
Avalanche (AVAX): A Resurgence Comparable to Solana (SOL)
Much like Solana (SOL), the Avalanche network has undergone a significant resurgence, drawing investors back to its chain. This renewed interest has propelled the AVAX price from its 2023 low of approximately $9 to a peak of $47 in December 2023.
Entering the new year, the Avalanche network continues to capture the attention of crypto investors, sustaining its bullish momentum. Joining the ranks of MoonRiver (MOVR) and Litecoin (LTC), Avalanche (AVAX) emerges as another token with the potential to surpass the $100 mark in the near future.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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