The Bitcoin Halving Is Done. 2 Cryptocurrencies to Buy Now.

The Bitcoin Halving Is Done. 2 Cryptocurrencies to Buy Now.

The much awaited Bitcoin (CRYPTO:BTC) the halving happened without the fireworks some expected. Prices have barely moved since April 19, 2024, but don’t let that fool you. The long-term effects of Bitcoin Halving are well documented, often leading to substantial price increases in the following months – but the increase never occurs immediately.

The crypto market is still rife with opportunities, especially with the recent approval of spot-priced Bitcoin ETFs in January and the Future Ethereum (CRYPTO: ETH) place of ETFs this summer. The ETF launch and Bitcoin halving are expected to have bullish effects on the crypto sector as a whole.

Here are two cryptocurrencies that should be on your radar right now. It will be a slow burn until it suddenly isn’t. I’m not trying to rush you, but to make sure you won’t be left empty-handed when the real price surge hits. The exact timing remains uncertain, and I prefer to be early rather than late for the launch.

The classic Bitcoin game

You can’t go wrong with a classic. The crypto leader just underwent its fourth halving, reducing the block reward from 6.25 to 3,125 digital coins. The decline in the coin creation rate reduces Bitcoin’s effective inflation rate, which now stands at a conservative 0.85%. In comparison, physical gold mining and recycling rates result in annual supply-side inflation of 3.1% for the traditional store of value leader.

Ark Invest’s Cathie Wood sees a ton of value in Bitcoin inflation falling below that of gold, as institutional investors should now be more likely to treat the biggest crypto name as a value investment to long term.

Historically, Bitcoin halvings have paved the way for significant price increases, even if the effects are not immediate. Think of it like planting a seed. The fruits may not be visible yet, but they are growing beneath the surface.

Existing chart patterns suggest that Bitcoin is likely to skyrocket over the next 12 to 18 months. I admit that this analysis borders on shoddy technical analysis, but it also relies on real and dramatic changes in the business model of Bitcoin mining. The historical reaction data set is very small, since this is only the fourth four-year halving cycle in Bitcoin history. Several unique developments in the market landscape also muddy the waters regarding market reactions. It is therefore difficult to predict exactly how far this surge will go. But the upward direction of the next Bitcoin price chart is quite clear.

As more investors gain exposure through spot ETFs, Bitcoin remains a solid choice for beginners and seasoned crypto enthusiasts.

Polkadot: the Web3 revolution is coming

The Web3 Foundation’s official blockchain and cryptocurrency network has had a bumpy 2024. Peas (CRYPTO: DOT) prices blow with the wind, fading and soaring as investors wait for the Web3 revolution. Currently, Polkadot price is down 87% from 2021 all-time highs and 39% from a short-lived peak in March.

But here’s the thing about Polkadot: it’s a project with big ambitions. Its ability to help different blockchains interact seamlessly could be a game-changer. Polkadot will be the digital glue that holds the Web3 architecture together, making the most of the unique strengths of each blockchain system within a single application writing framework.

The current price decline presents a potential buying opportunity for investors who believe in the transformative power of Web3. As the ecosystem matures and adoption increases, the Polkadot token could see substantial gains.

And don’t forget to stake your Polkadot tokens while you wait. The annual percentage yield, similar to interest from a savings account or dividends from a stock, varies over time but currently stands at 12.3% in my country. Coinbase account. Not too bad, right?

Luck favors the prepared

The crypto market may seem calm after the halving, but there is plenty of action beneath the surface. Bitcoin offers stability and proven growth after a halving, Polkadot presents a bet on future technology, and both are poised for big price increases over the next two years.

Keep these cryptos on your watchlist and don’t be afraid to invest your money in these new digital assets. Remember, no one knows exactly when they will take flight again, as they did four years ago.

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Anders Bylund has positions in Bitcoin, Coinbase Global, Ethereum and Polkadot. The Motley Fool holds positions and recommends Bitcoin, Coinbase Global, and Ethereum. The Motley Fool has a disclosure policy.

The Bitcoin halving is complete. 2 cryptocurrencies to buy now. was originally published by The Motley Fool

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