It is expected that after the Bitcoin halving, these 4 cryptocurrencies will explode in profits by 20 times!

As the crypto market anticipates the imminent Bitcoin halving, a wave of bullish momentum has swept through, with various cryptocurrencies experiencing unprecedented price surges. Notably, established players such as Injective (INJ) and Chainlink (LINK) have seen significant price increases. Concern arose in anticipation of Bitcoin’s upcoming halving.

1.INJ

The Injective (INJ) token has experienced significant gains over the past week, according to CoinMarketCap data. Currently, the INJ token’s weekly price range is $34.9 to $42.8, with the price chart showing a significant 22% rise over the past seven days. While the native INJ token attempted to consolidate above the $43 price mark, the token’s market cap also increased by nearly 8% to $3.9 billion.

Members of the cryptocurrency community have taken note of Injective’s price action and are anticipating further gains. In addition to this, decentralized exchange OMOSwap has officially listed Injective on its platform. The listing has been speculated to be a contributing factor or possible catalyst for the share price surge. Regardless, analysts are optimistic, predicting that Injective's price could hit $100 by the end of the year.

2.LINK

Chainlink (LINK), once a major player on the Oracle Network, is currently trading 63% below its May 2021 peak. The price decline has impacted long-term investors, who must now re-evaluate their strategies and consider a potential recovery against emerging alternatives like KangaMoon (KANG).

While Chainlink continues to play a vital role in the expansion of blockchain applications, it is not immune to the uncertainties brought about by increased competition and changing market demands. Despite these challenges, the LINK token has shown resilience, rising as much as 33% in the past month and more than 7% in the past week. Investors and developers alike are watching the platform closely to assess its ability to adapt and maintain its position as a critical infrastructure provider in a changing environment.

#3.SEI

Sei(SEI) has the potential for some uptrends. The fintech company has demonstrated strong fundamentals, as evidenced by its compelling business strategy matrix. Its focus on digital wealth platforms, flexible infrastructure technology and global fund services demonstrates its enhanced ability to meet the needs of changing financial markets. This agility can translate into increased value. This, combined with bullish market ratings, could be the right recipe to drive steady gains.

However, the fierce competition and rapid technological advancement in the financial technology field cannot be ignored. While Sei (SEI) appears to be well-positioned, its strategic approach may appear aggressive and ambitious to some. If not executed carefully, it may fail, causing the market to underperform or stagnate. This aspect of volatility should be factored into price expectations, suggesting that while there are many opportunities for growth, potential downside is also part of the investing game.

4.CHZ

Chiliz Chain launches Tokenomics 2.0 to increase utility and ensure the sustainability of the blockchain with a base interest rate of 8.80% and a token burning mechanism , targeting a minimum annual yield of 5.72% APY. In a recent announcement, Chiliz Chain, a leading sports and entertainment blockchain protocol, has launched Tokenomics 2.0. The update coincides with the end of the blockchain’s first year, making significant changes to the economic framework of its native digital currency, $CHZ.

Chiliz Price Prediction: CHZ Price Increase

Chiliz price has been trading bullishly within the channel since the past few days. However, CHZ/USD is currently trading at $0.159. Meanwhile, Chiliz price is likely to break above the upper limit of the channel and touch the nearest resistance at $0.170.

Nonetheless, Chiliz price may continue to perform well if it breaks above the channel and the price may target resistance levels at $0.180, $0.185, and $0.190 respectively. Meanwhile, if the technical indicators decide to turn south quickly, a bearish move towards the channel’s lower limit is likely, which could take the market towards the $0.120, $0.115, and $0.110 support levels. Nonetheless, the 9-day EMA remains above the 21-day EMA and is moving northward.

Against Bitcoin, Chiliz price continues to focus on the upward trend after hitting a daily high of 273 SAT. However, CHZ/BTC is currently trading at 254 SAT and is heading towards the 280 SAT resistance, with the next key resistance level likely to be at 310 SAT and above.

##On the downside, on the 9th and 21st A bearish move below the moving averages may come into play and support may be hit at 195 SAT and below. Meanwhile, the market is bullish today as the 9-day EMA continues to hover above the 21-day EMA, suggesting more bullish signals.

Chiliz price is poised for a bullish breakout, with the 9-day moving average (MA) above the 1-day moving average signaling potential resistance. Although Chiliz has a market capitalization of $1.4 billion, ranking it 64th in the cryptocurrency world, its importance may be eclipsed by its size.

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