Top 8 Cryptocurrencies to Invest in Ahead of BlackRock’s Bitcoin ETF Launch

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12 Jan 2024

The cryptocurrency landscape might experience significant growth when institutional funds pour in.
At present, Bitcoin is making waves, reaching around $34,000, with several altcoins following suit. A glance at Crypto Bubbles reveals a predominantly green trend for the day. Reviewing the past week, one observes an overall positive trajectory. Even over the last month, there have been notable gains. However, this is just the beginning — the next bull run is yet to unfold. Anticipation is high that the approval of BlackRock’s spot ETF will trigger substantial movements in select altcoins.
For those not acquainted, BlackRock stands as an investment management giant overseeing approximately $9 trillion in assets under management, up from $8.6 billion in 2022. In a recent Fox Business interview, Larry Fink, BlackRock’s CEO, discussed Bitcoin, suggesting that the approval of a spot Bitcoin ETF is likely imminent. When this approval occurs, a significant influx of capital into Bitcoin is expected. Consequently, altcoins are likely to experience a surge shortly afterward.
What do leading experts say about SEC approval for a spot Bitcoin ETF? Projections indicate that the price of Bitcoin could surge anywhere from $42,000 to $100,000. Anthony Scaramucci even suggests that SEC approval might elevate Bitcoin’s valuation from $600 billion to an impressive $6 trillion. The cryptocurrency market is poised to welcome a substantial influx of funds. If the spot ETF gets the green light, Bitcoin is expected to thrive, with a ripple effect that will likely drive altcoins into a frenzy.
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Top 8 Cryptocurrencies to Invest in Ahead of BlackRock’s Bitcoin ETF

Ethereum (ETH)
Hedera (HBAR)
Injective Protocol (INJ)
Avalanche (AVAX)
Casper (CSPR)
Solana (SOL)
Chainlink (LINK)
Polygon (MATIC)

📣 Ethereum (ETH)

Embracing Ethereum is a necessity. As the second-largest cryptocurrency, surpassing Bitcoin, Ethereum transcends being a mere store of value. It serves as the foundation for various DeFi applications, cryptocurrencies in general, and numerous Layer 2 solutions. Ethereum plays a pivotal role in providing robust security for the industry and stands out as a definitive leader.
In the preceding bull market, ETH reached a notable $4,700. Envisioning a $10,000 Ethereum in the upcoming bull market, especially with an influx of more funds into the crypto realm, seems plausible. Furthermore, if the BlackRock ETF secures approval, a substantial flow of capital into Bitcoin, and subsequently into Ethereum, is anticipated. Investing in Ethereum is a straightforward decision — it’s an investment that is likely to yield returns. It’s not a question of if, but when. ETH is an unmistakable opportunity deserving of attention.

📣 Hedera (HBAR)

Next on the list is Hedera Hashgraph. Despite not experiencing a significant surge compared to other altcoins, Hedera has potential. Over the last month, its growth has been modest at around 5%, lagging behind its counterparts on Crypto Bubbles, which have seen increases of 30% or more. The question arises: why hasn’t Hedera made a substantial move yet? In my view, it’s just a matter of time.
Analyzing Hedera’s chart, there hasn’t been much activity since the beginning of the year. A prevailing downward trend, with accumulation fluctuating between approximately 5 and 35 cents, has characterized its performance. Currently hovering around 5 cents, the resistance of a downward trend line is evident. I anticipate that once we breach this resistance and test support on the downside, this trendline will transform into a supportive force before the next upward move for HBAR.
At present, HBAR stands at around 5 cents, lacking the significant upward movement seen in other altcoins. However, as mentioned earlier, it’s just a matter of time. Hedera has strategically positioned itself in the market. I predict that its previous all-time high market cap of $6.5 billion will be eclipsed in the forthcoming bull market. The approval of the BlackRock ETF will inject legitimacy into the entire crypto space, further benefiting Hedera.

📣 Injective Protocol (INJ)

Enter Injective Protocol, another layer 1 blockchain, renowned as one of the swiftest layer 1 chains in existence. This blockchain is at the forefront of reshaping the future of finance, charting its unique course over the past few months. Since the commencement of the year, it has witnessed an impressive surge of around 1000%, essentially marking a 10x return for early investors.
One compelling aspect of Injective is its pioneering role as the first blockchain to introduce auto-executing smart contracts, enabling quicker and more innovative applications. Notably, it is driving interoperability between blockchains and EVM-compatible chains, facilitating the development of tailor-made DeFi solutions by developers.
Supported by industry giants like Binance, Pantera, Jump Crypto, and Mark Cuban, Injective’s trajectory has been nothing short of remarkable. In the past month alone, it has experienced an 80% surge.
A closer examination of Injective’s chart reveals a notable breakout from the previous resistance at $9.60. After some accumulation between $6 and $9.60 in the last month, a sudden surge occurred. While a retest of $9.60 may be technically expected, the momentum is undeniable. There’s a possibility that it may not immediately revert to testing support, potentially consolidating first before the next upward movement. Given its historical consolidation in this range, the current level may be sustained for a while. However, fueled by crypto excitement, Injective holds the potential to continue its upward trajectory. This is undoubtedly a valuable addition to your watchlist.

📣 Avalanche (AVAX)

Discounting AVAX would be unwise. In the previous bull market, it reached about $120 per coin, boasting a market cap of around $30 billion. With its subnets offering a platform for various applications to build their chains, particularly in the realm of crypto gaming projects, AVAX holds significant promise.
Analyzing AVAX’s chart, it’s evident that the journey hasn’t been smooth. Since the new year, it has experienced a decline, dropping from approximately $21 to $8 before recovering to around $11. On the weekly chart, a persistent downtrend is still in play, and the $12 resistance is yet to be revisited. The verdict on AVAX is still pending — waiting for a breakthrough in the downtrend and a retest of support. Anticipated to perform well in the next bull market, AVAX is unquestionably a candidate for your watchlist.

📣 Casper (CSPR)

Now, let’s delve into Casper, yet another layer 1 chain making significant strides. Although it operates on a proof-of-work mechanism, its growth is remarkable. What heightens my optimism is its current all-time high at around 5 cents, even without being listed on major exchanges like Coinbase or Binance. The potential for a parabolic surge is evident if it secures listings on these platforms.
Casper’s technology stands out, as highlighted in numerous videos. A glance at its MeXC chart reveals an impressive upward trajectory, with key support and resistance levels identified. Currently perched at the pinnacle of around 5 cents, the question arises: Will Casper experience a retracement to 4 cents? Time will tell. However, considering its layer 1 technology is among the fastest, I would confidently consider it for future investment. Casper is a definite addition to your watchlist, and careful consideration of its prices, especially during any dips, is advisable.

📣 Solana (SOL)

Presently valued at $30.85, SOL has been on a rollercoaster ride, marked notably by the FTX collapse. Despite the crash, Solana rebounded impressively, recovering from around $13 to its current position near $33.
The question lingers: Can Solana reclaim its $72 billion market cap from the last bull market? Only time will reveal the answer, but I am optimistic that it can at least achieve a 5x increase from its current position, reaching around $50 billion in market cap.
Analyzing its chart, resistance is noticeable around $32.50, and its performance in this range is worth observing. The interest and hype surrounding Solana are palpable, with some analysts predicting unprecedented numbers, suggesting SOL might surpass its previous all-time high. Backed by a substantial community and continual improvements to its chain, I firmly believe Solana has the potential to experience a significant surge, possibly 5x or even 10x in the next bull market. Undoubtedly, SOL is one to keep a close eye on.

📣 Chainlink (LINK)

Chainlink is charting its unique course, experiencing notable growth over the past month with a surge of about 50%. In the previous bull market, it reached a peak of around $50, boasting a market cap of $20 billion.
A closer look at the LINK chart reveals a period of sideways movement since May 2022, fluctuating within the range of $5.50 to $9. Recently, there has been a significant upward spike, carrying substantial momentum. The question remains whether it will consolidate around $9 or experience a retracement. Despite a major pump, similar to Injective, the prevailing momentum might deter a retest of support.
For those intrigued, adding LINK to your watchlist is advisable. While suggesting consideration for buying any dips, it’s important to note that this is not financial advice.

📣 Polygon (MATIC)

Polygon is currently in the spotlight, showing a growth of approximately 21% over the last month. Functioning as a Layer 2 solution for Ethereum, it addresses scalability and TPS issues. Notably, Polygon is undergoing a transition to a new token, the POS token.
Examining its year-long chart, there has been a notable pump of 152% in February 2022, followed by a decline to around $0.60. However, discounting Polygon would be premature. Despite being an older Layer 2, it is steadily advancing in this bear market. The migration to the POS token is significant, with Polygon contracts launched on the Ethereum mainnet on October 25th. This strategic move is expected to attract users to the Polygon chain, fostering the development of new dApps and community engagement.
These are just a few cryptocurrencies under scrutiny for the next bull market, particularly in anticipation of institutional money influx with BlackRock’s Bitcoin ETF approval. While this isn’t an exhaustive list, there are numerous other cryptos in the market. Share your thoughts on the ones discussed today and let me know which ones you have your eye on. If you found this overview enjoyable, don’t forget to hit the like button, subscribe to the channel if you’re new, and stay tuned for my next video. Until then, peace!

Final Thoughts

The impending launch of BlackRock’s Bitcoin ETF adds a significant catalyst to the cryptocurrency market. As we explore the top 8 cryptocurrencies for investment, it becomes evident that strategic diversification is key to maximizing potential returns. Each chosen asset brings distinct strengths, from Bitcoin’s reliability to the innovation of projects like Solana and Chainlink. With the right combination, investors can align their portfolios to capitalize on diverse opportunities within the evolving crypto space.
As the market responds to the ETF launch, staying informed and adaptable will be crucial. Whether seeking stability, growth, or innovation, these selected cryptocurrencies offer various options for investors looking to navigate the exciting and dynamic landscape ahead. As always, it’s essential to conduct thorough research and consider individual risk tolerance before making investment decisions in this rapidly changing market.

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