2 Cryptocurrencies Other Than Bitcoin to Buy Ahead of the Halving
With the next Bitcoin (CRYPTO: BTC) halving just two weeks away, crypto investors are lining up to buy Bitcoin. This makes sense, given the historical correlation between halving events -- when the reward for mining the crypto is cut in half -- and Bitcoin price gains. In three previous halving cycles, the price of Bitcoin soared, and many investors are expecting the same to happen in 2024.
So, buying Bitcoin ahead of the halving is basically a no-brainer at this point. But are there other cryptocurrencies that could also see a price spike after the halving? By analyzing a few key metrics, it's possible to come up with a short list of potential investment prospects. Let's dig in.
Given that there are more than 20,000 cryptocurrencies in the world, we need a quick, easy way to narrow down potential investment targets to a short list of high-quality names. As a general rule of thumb, we're looking for cryptos that are seeing strong interest from institutional investors.
Source Fool.com
