The year 2024 will fly by. Here we are at the beginning of April. The long-awaited fourth Bitcoin halving is now less than two weeks away. And that means it’s time to buy cryptos like it’s 2021 again.
Do you remember how much the crypto markets rose in 2021?
Bitcoin (BTC USD) itself has more than doubled this year. But even that was negligible compared to the sharp rise of smaller altcoins. More than 20% of the top 300 cryptos rose at least 1,000% in 2021. Terra (LUNA USD) increased by approximately 11,250%. sandbox (SAND USD) rose by almost 13,000%. Anyswap (ANY-USD) climbed by over 16,000%. And Gala (GALA USD) skyrocketed by more than 40,000%.
From trough to peak, the top cryptos have literally turned $5,000 into more than a million dollars in less than 12 months.
It was wild. Now, Thanks to the fourth Bitcoin halving, this massive wealth creation could happen again.
Bitcoin halving cycles send cryptos soaring
Do you know what caused these cryptos to skyrocket in 2021? It all started with the third Bitcoin halving in May 2020.
See; Approximately every four years, Bitcoin experiences a halving event, in which the number of Bitcoin mined per transaction is halved. Essentially, the production rate of the new Bitcoin supply slows by 50%.
For various reasons, these halving events are the most important for cryptos – so much so that the entire market’s movements revolve around these events.
Notably, cryptocurrencies rise sharply around these halving events – and crash at all other times.
About 12 months before a halving, cryptos start rising. And they continue to rise for about two years, until twelve months after a halving. Then they crash…until 12 months before the next halving.
The last halving took place in May 2020 – the third Bitcoin halving. Now, here in April 2024, the fourth Bitcoin halving is just two weeks away.
And that’s what really got us excited about cryptos.
Why? Because history shows that the biggest gains in crypto bull markets occur in the ~12 months after a halving.
The last word
Guess how many altcoins rose more than 1,000% in 2019, the year before the third halving. Our research suggests there were only about five.
But in 2021, the year after the third halving, nearly 70 altcoins rose more than 1,000%.
The year after A Bitcoin halving event – not before – is when the biggest gains are made in the crypto markets.
That’s why we’re so optimistic about cryptos right now.
The current crypto bull market started back in late 2022 and the gains have been big so far. But we think they’re about to get even bigger – and fast.
And in preparation for this explosive rally, we have identified some of the top cryptos to buy for huge potential profits.
Find out which cryptos are our favorites right now.
At the time of publication, Luke Lango did not hold (either directly or indirectly) any positions in the securities mentioned in this article.
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