Cardano, Polkadot, and Chainlink to rise ahead of bitcoin halving

Not financial advice!

With the ongoing rally and growing enthusiasm for the future of bitcoin halving BTC $56,457.80 Bitcoin -2.47% Market capitalization $1.11 trillion VOL. 24 hours $4.48 billion , Finbold analysts have analyzed the most promising altcoins that may attract the attention of experienced crypto traders.

Cardano (ADA)

In recent months, the price of Cardano ADA $0.35 Cardano -7.36% Market capitalization $12.49 billion VOL. 24 hours $0.11 billion has been growing in several waves. The high price performance was accompanied by a surge in developer activity and a significant increase in the number of smart contracts created on the Plutus v1 and v2 platforms. Analysts believe that this indicates that the cryptocurrency is in a good position to continue its growth.

Crypto experts are also quite optimistic about ADA, and Ali Martinez, for example, suggested in early March that Cardano is approaching its historical performance. The expert is confident that the token may rise to $ 10 in the coming months.

It is worth noting that Cardano has grown by 37% over the past 30 days and by 1.86% over the past 24 hours.

Polkadot (DOT)

Polkadot DOT $5.85 Polkadot 0.03% Market capitalization $8.09 billion VOL. 24 hours $0.11 billion is another altcoin that has shown significant growth since October 2023 and is not going to stop.

As with ADA, a possible future surge in DOT will follow an already significant rally. Currently, the indicators show that the Polkadot token is up 90.84% in 52 weeks and 30.23% since the beginning of the year (YTD). Over the past 30 days, the increase was 3.63%. Crypto experts have clarified that DOT is targeting its next major resistance around $ 15.

Chainlink (LINK)

The decentralized blockchain oracle network Chainlink LINK $12.34 Chainlink -4.87% Market capitalization $7.51 billion VOL. 24 hours $97.44 million is another strong altcoin that can be used to further boost the crypto market.

Chainlink has not only successfully reached the previously projected goal of above $ 20, but is also ready to rise to $ 34 and higher. It is noteworthy that crypto-geeks are increasingly buying the token, withdrawing more than $ 16 million between March 6 and 8 from the Binance cryptocurrency exchange alone.

Since the beginning of 2024, LINK has risen by 34.96%, and its recent performance, despite significant volatility, hints at further growth. Over the past 30 days, Chainlink’s price has increased by 3.07%, over the past week of trading by 5.74%, and over the past 24 hours by 1.10%.