Top 3 Cryptocurrencies Could Increase in Price After Bitcoin Halving
Ethereum (ETH):
Ethereum (ETH) is the second largest cryptocurrency by market capitalization, behind only Bitcoin (BTC). If BTC starts to increase in price, there is a high possibility that ETH will follow. During the previous bull run, both assets hit all-time highs on the same day, November 10, 2021.
Although the ETH price struggles to gain momentum in 2023, there is a high possibility that it could increase after the BTC halving, as we enter a bull run.
Solana (SOL):
Solana (SOL) is one of the best performing cryptocurrencies in 2023. Last year, SOL's movements mirrored those of BTC but with growth many percentage points higher. While BTC is up about 87% since January last year, SOL is up over 300%.
If BTC starts to rally, SOL could follow. Furthermore, SOL also reached its all-time high just before BTC and ETH did on November 6, 2021.
XRP:
XRP is one of the few cryptocurrencies that did not hit an all-time high during the 2021 bull run. XRP's lack of movement could be due to the legal case between the SEC and Ripple. However, there is a possibility that XRP could skyrocket during the next bull run if Ripple receives a favorable ruling in the case currently in the supreme court.
Last year, a US district court ruled partly in Ripple's favor, declaring that selling XRP to retail customers did not violate securities laws. If the supreme court takes a similar stance, XRP could rise to new highs in the next bull run.
