This year's Bitcoin (CRYPTO: BTC) halving is one of crypto investors' most anticipated events for good reason. Bitcoin has reached record highs after halving cycles. Naturally, Bitcoin is the focus. After the halving, top altcoins follow Bitcoin upward and witness a big market cap surge. Some of these coins outperformed Bitcoin in the 12-month post-halving timeframe. Given that, here are three cryptocurrencies that could rise in 2024 and 2025.
1. Solana Solana (CRYPTO: SOL) is still maintaining pace with Bitcoin in 2024 despite a cooling off since 2023, when it rose more than 900%. Bitcoin is up 66% and Solana 67% this year.
Much of that is because Solana is now considered "the next Ethereum (CRYPTO: ETH)." Last November, Ark Invest's Cathie Wood called Solana a cheaper, faster, more efficient Ethereum. Thus, Solana may fare well in the next Bitcoin halving, much like Ethereum did in the previous one.
Solana's mobile crypto approach gives it an opportunity to stand out in the next bull market. Solana now has a crypto-optimized phone, unlike its competitors. This opens them many additional prospects, including expanding into the crypto gaming business.
2. Chainlink Chainlink (CRYPTO: LINK) may outperform Bitcoin in the coming year. Chainlink is only up 15% year-to-date, but you have to look ahead to see how much higher it could go in the next bull market cycle.
Chainlink leads real-world asset tokenization, a long-term financial trend. This involves turning physical goods into blockchain-compatible digital assets. This concept may be new to you, but Wall Street giants like BlackRock (NYSE: BLK), the world's largest asset manager, are behind it. The Boston Consulting Group predicts a $16 trillion asset tokenization market by 2030.
If Chainlink can snag a little slice of this market opportunity, its growth prospects might be immense. There are many reasons to believe it could. Chainlink is the most trusted crypto data oracle, offering real-world financial asset pricing data. Second, Chainlink is developing CCIP, a blockchain protocol for connecting blockchains. This would simplify tokenized financial asset transfers across blockchains.
3. SingularityNET Finally, include a high-yield AI crypto in your portfolio. In her 2024 "Big Ideas" report, Ark Invest's Cathie Wood noted that AI and crypto provide several prospects. SingularityNET (CRYPTO: AGIX) is an AI crypto that intrigues me despite the hype.
While ChatGPT focuses on generative AI, SingularityNET focuses on AGI. This is a far larger commercial opportunity that could revolutionize humanity. Not exaggerating. The token is named after "the technological singularity"—when a computer becomes smarter than humanity. SingularityNET is developing a friendly AGI that won't enslave humanity.
Any AI crypto is risky, but SingularityNET appears to be less risky for two reasons. The SingularityNET team, lead by AI researcher Ben Goertzel, is world-class. Second, SingularityNET tokens cost $1. That seems like a low price to enter the thrilling realm of super-intelligent AI.
Not all altcoins are equal. Always remember that dabbling in altcoins increases risk considerably. Be cautious when extending beyond Bitcoin. Bitcoin has a track record after halving. Cryptos in new fields like asset tokenization and AI are more complicated. Still, Solana, Chainlink, and SingularityNET are my top picks for diversifying your crypto portfolio with post-halving winners.
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