The Bitcoin price has risen above the $30,000 mark in recent weeks and has recently outperformed the altcoins. However, some factors also speak for a possible strong increase in the crypto market in the coming months. But which cryptocurrencies are ideal for the coming weeks and months as a supplement or alternative to Bitcoin?
Why Crypto to Buy before this summer?
At the moment, a number of factors suggest that we could see prices rising sharply again in the coming months. On the one hand, we have seen a clear upward trend in the Bitcoin price and in the prices of the Altcoins in the last few days. On the other hand, a rethinking of monetary policy could help cryptocurrencies.
The approval of a Bitcoin ETF could not only explode the Bitcoin price, but also the prices of other cryptocurrencies. It could be the trigger for massive increases in the coming weeks. The Altcoins in particular, which have performed rather weakly in recent weeks, could benefit particularly strongly and there is an excellent opportunity for investors to invest.
Furthermore, the price sale of the year 2019 showed a strong increase in the third quarter. At that time, too, the prices of the cryptocurrencies could rise very sharply in the summer months. The year 2023 has so far had a lot in common with the year 2023.
Top 3 Bitcoin Alternatives that should EXPLODE in Prices
In the coming months, the Bitcoin price could rise very sharply. However, other cryptocurrencies could see similar or even higher increases. We want to present 3 interesting alternatives :
3. Cardano (ADA)
Cardano’s ADA token suffered heavy losses in the crash at the beginning of June. In recent months, however, a lot has happened on the technical side. The Vasil update has increased scalability in the Cardano network. Furthermore, more and more DeFi applications are being built on the Cardano blockchain. Therefore, we see the ADA token as one of the best cryptocurrencies for the coming summer.
2. Tron (TRX)
Tron or the TRX token was also hit hard by the crash at the beginning of June. However, the price has recently been able to recover very well from the losses at the beginning of June. There is potential for renewed strong increases in the coming weeks and months.
3. Ethereum (ETH)
Ethereum is naturally known as the main Bitcoin alternative. It has been around for quite some time, has a solid infrastructure supporting dApps, and is the second-largest crypto by market cap. Ethereum’s had its switch from the proof-of-work consensus mechanism to the proof-of-stake, which is considered in some areas better than Bitcoin’s current PoW.
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Source: https://cryptoticker.io/en/top-3-bitcoin-alternatives-that-should-explode-in-prices-before-2024/