Categories: Analysis

Last chance! 3 Cryptos to Top Up Ahead of the Bitcoin Halving.

For those with a penchant for volatility, these small-cap cryptos are worth considering

It seems like a good time to look for cryptos to buy. Bitcoin (BTC USD) has been absolutely in full swing over the last few months, and for good reason. As I have said many times, 2024 is shaping up to be the year of the next major crypto bull run as three major catalysts align: the approval of spot Bitcoin ETFs, the upcoming Bitcoin halving, and of course the expected rate cuts by the Fed.

Of these three, the halving is taking place next month and could result in a massive long-term increase in the price of Bitcoin, combined with the supply constraints caused by billions of dollars flowing into newly approved spot ETFs. While Bitcoin’s recent rise to over $73,000 was admittedly rapid and corrections could occur in the short term (as they often do before halvings), I remain strongly bullish on the crypto space in the long term.

In my view, this emerging altcoin season has the potential to skyrocket many small-cap cryptos well past their all-time highs. Now is a good time to add to a few that I think are particularly promising before taking the next step up.

AllianceBlock Nexera (NXRA-USD)

Source: Vladimir Kazakov/Shutterstock.com

AllianceBlock Nexera (NXRA USD) is a DeFi cryptocurrency project that aims to connect the traditional financial world with the crypto industry. It’s quite a small project with one Market cap of just $132 million. However, the project’s Nexera protocol serves as a connector for the entire AllianceBlock technology stack. It enables unique use cases for enterprise tokenization and allows traditional assets to be digitally represented on the blockchain.

AllianceBlock has also launched Nexera Finance, tailored to the needs of institutions and businesses. The aim of this project is to establish itself as a leading force in the field of compliant tokenized finance and to build a bridge between traditional financial institutions and the crypto ecosystem. I believe it has good utility given its relatively small market cap.

However, what strongly convinces me here is the fact that AllianceBlock’s dilution potential is very low in the long term. Nexera’s maximum supply is 850 million and 90% of it is already in circulation. Very few low-cap utility cryptos already have more than 20% of their supply in circulation. This makes me optimistic about the prospects of this cryptocurrency. I think it is one of the best DeFi cryptos in the $150 million market cap range.

ARC (ARC-USD)

Source: Shutterstock

AI cryptocurrencies have been gradually gaining ground lately, and I am very optimistic about the AI ​​crypto space as a whole. ARC (ARC USD) is one of those AI cryptos to buy that is yet to see a surge in this current environment. We have seen many AI cryptocurrencies break all-time highs even before the general altcoin season began, and I believe that the AI ​​cryptocurrency rally could gain further momentum in the coming months.

One of ARC’s main decentralized finance tools is Reactor, an easy-to-use graphical user interface (GUI) for Web3, smart contracts and protocol development. Reactor streamlines the development process, reduces costs, and eliminates human error by empowering individuals with the capabilities of a small team through enhanced functionality.

The Reactor software package includes a built-in ARC Virtual Machine (AVM), a proprietary programming language, error detection capabilities, an auto-compiler, and integration with award-winning artificial intelligence technology. Reactor can ingest, fork, edit and map any smart contract code and deploy it to multiple blockchain networks, including zkEVM.

With Layer 2 solutions becoming increasingly popular alongside the focus on AI cryptos, I believe Arc is well-positioned to make strong gains from here. Of course, you still need to practice prudent risk management as trading is currently carried out with a Market cap of just $94 million.

Creo Engine (CREO-USD)

Source: Rawpixel.com/Shutterstock.com

I have to admit that I’m not very optimistic about crypto gaming projects overall, and haven’t been for a while. In my view, AI and Layer 1 cryptos will significantly outperform gaming cryptos during this bull market rally. However, I think there may be some outliers Creo (CREO USD), who buck the trend.

Creo is a crypto gaming project whose main goal is to develop the best crypto gaming platform by providing users worldwide:

  • High quality video games with rich graphics, sound and gameplay.
  • A play-to-earn system where players can earn token rewards.
  • A secure marketplace to buy and sell digital assets via blockchain technology.

It is currently trading with a Market cap of just $42 million, which is much lower than many of its competitors in the crypto gaming sector. Creo also already has 13,471 holders, far more than many larger cryptos. Additionally, the team also recently announced various partnerships.

However, I would like to point out that crypto gaming projects tend to be very volatile and riskier bets. Creo needs to execute its marketing successfully to attract gamers at scale. Otherwise, there could be potential selling pressure due to its small size. I would recommend waiting for a better entry point as Creo has just gone up in price. But there could still be upside for those willing to buy at these prices.

Small, low volume cryptos

On small capitalization and low volume cryptocurrencies: InvestorPlace does not regularly publish commentary on cryptocurrencies whose market capitalization is less than $100 million or whose trading volume is less than $100,000. Because these “penny cryptos” are often a playground for fraudsters and market manipulators. If we publish a comment on a low-volume crypto that may be affected by our comment, we ask InvestorPlace.com writers to disclose this fact and warn readers of the risks.
Read more: How to avoid popular cryptocurrency scams

At the time of publication, Omor Ibne Ehsan did not hold, directly or indirectly, any positions in the securities mentioned in this article. The opinions expressed in this article are those of the author and are subject to InvestorPlace.com’s publication policies.

Omor Ibne Ehsan is a writer at InvestorPlace. He is a self-taught investor focused on growth and cyclical stocks with strong fundamentals, value and long-term potential. He also has an interest in high-risk, high-reward investments such as cryptocurrencies and penny stocks. You can keep following him LinkedIn.

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