Best Cryptocurrency To Buy April 4 – Solana, Bitcoin Cash, DogWifHat
Most of the cryptocurrency market is consolidating today. That’s an indicator that a breakout could be underway soon. This leads to the question, which is the best cryptocurrency to buy today ahead of a potential upside breakout?
This is the question that we seek to answer in this article. To ensure that investors get the most gains in a breakout move, the article focuses on cryptocurrencies that have big news around them or are likely to benefit the most from broader market factors. The biggest marketwide factor in this context is the upcoming Bitcoin halving, only 17 days away.
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Top Crypto To Buy Today Ahead Of Market Breakout
This section narrows down the cryptocurrencies likely to benefit the most from a bullish breakout across the market. The article touches on Solana’s rising potential as more meme coins launch on the Solana blockchain, DogWifHat’s tokenomics making it one of the best meme coins today, and Bitcoin Cash’s price action now that the halving has happened successfully.
The article looks at Bitcoin’s rising breakout potential as the halving draws closer. Institutional FOMO gets more substantial, and Toncoin’s growth potential is driven by the surging demand for TON in the Ton blockchain ecosystem.
Solana (SOL)
Solana (SOL) is one of the best cryptocurrencies to buy now in anticipation of a marketwide bullish breakout. Solana’s potential is supported both by internal and external factors. One of the key external factors supporting Solana is that it has dethroned Ethereum as the top platform for launching meme coins.
Get set, crypto cats – the moment is almost here! 🙌🔥#BTC #SOL #ETH #BOMEOW #RAYDIUM pic.twitter.com/uTMD7R2f2S
— Book of Meow ($BOMEOW) (@Bomeow_solana) April 3, 2024
This has seen the demand for SOL grow over time, which has been reflected in the price. Even in the correction that started earlier in the week, Solana has stood out among the cryptocurrencies that have held on to their value pretty well. From a broader market perspective, Solana has the potential to outperform most large-cap cryptocurrencies in an all-out bull market.
That’s because, in bullish supercycles, meme coins tend to outperform the broader market by a considerable margin. Now that Solana is a market leader in the meme coin space, the odds are high that as investors anticipate a new bullish wave after the Bitcoin halving, Solana could see the number of meme coin launches.
This will support the price when the broader market could be surging to new highs. Combining these factors gives Solana the potential to rally to $1000 or more pretty soon. It makes Solana one of the most undervalued cryptocurrencies to buy today.
DogWifHat (WIF)
DogWifHat (WIF) is one of the top meme coins today. It had an impressive price run in March, and the odds are that WIF could be headed to even greater heights. Starting with the external factors, investors expect that the halving of Bitcoin will trigger a crypto price rally unlike anything seen before.
Since meme coins tend to outperform the market in such market conditions, it then follows that DogWifHat has the potential to do well in an all-out bull market. Being one of the meme coins that have recently done well even when the broader market is sluggish, the odds are that it could see a higher capital inflow than other meme coins. DogWifHat’s internal fundamentals support a potential breakout that could see it outperform most meme coins.
Dogwifhat challenge day 7, got mail from vissalik 👀#dogwifhat pic.twitter.com/jKPcloZ2iS
— dogwifhat (@eth_dogwifhat) March 20, 2024
Unlike the average meme coin in the market today, DogWifHat has some impressive tokenomics. With a total supply of only 998 million, this meme coin has the potential to hit prices as high as $20 in a bullish super cycle. This makes it one of the most undervalued cryptocurrencies to buy and hold today.
Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is getting a lot of attention at the moment and for a good reason. Block halving happened yesterday, which is a big deal because it will shrink the supply entering circulation in an environment of surging demand.
BitcoinCash Weekly News April 1st 2024 by the Bitcoin Cash Foundation
GENERAL PROTOCOLS AND THE BCHF TEAM UP TO HELP EVERYONE https://t.co/3i0tycxvo3https://t.co/iGS5cV1sbM is an new website that helps anyone get up to speed on BitcoinCash. From fundamentals to latest… pic.twitter.com/44delUNtt3
— Bitcoin Cash Foundation (@BCHF_ORG) April 1, 2024
This explains why Bitcoin Cash has recently experienced a surge in demand, making it one of the best-performing large-cap cryptocurrencies in March. With the supply shock that has come with the halving, the odds are high that Bitcoin Cash could see a price breakout pushing it to new all-time highs quickly. Besides, the Bitcoin halving is happening two weeks before the halving, which is expected to impact the broader market significantly. Such could add momentum to BCH and help push it to new heights.
Toncoin (TON)
Toncoin (TON) was one of the top-performing cryptocurrencies in March. While it is currently rangebound, the odds are high that it could be headed for a breakout to new all-time highs.
#Bitcoin Liquidation Heatmap.
A lot of liquidity above $70,000 thanks to shorters.#BTC might revisit this zone soon. pic.twitter.com/t5agA0OzXH
— Titan of Crypto (@Washigorira) April 3, 2024
One of the key factors supporting a potential Toncoin breakout is the demand for TON, which is surging within the Ton blockchain. That’s because it is a low-fee blockchain that is highly scalable, making it a highly preferred chain, especially for launching meme coins. This and the fact that TON is used within the Telegram ecosystem, gives it a lot of upside potential, especially in an all-out bull market. This cryptocurrency could soon be trading at $10 or more in the short term and much higher prices if Bitcoin pushes the market to the predicted total market cap of $10 trillion or higher.
Bitcoin (BTC)
Bitcoin (BTC) was largely directionless for the better part of March. However, even this quiet, institutional money has been flowing in large numbers. The Bitcoin ETFs, for instance, have been net positive despite the sluggish price performance. This indicates that the underlying demand for Bitcoin is strong and that BTC could be headed for a significant breakout.
#Bitcoin Liquidation Heatmap.
A lot of liquidity above $70,000 thanks to shorters.#BTC might revisit this zone soon. pic.twitter.com/t5agA0OzXH
— Titan of Crypto (@Washigorira) April 3, 2024
The block halving, which is only 17 days away, is the trigger. If past halving cycles are anything to go by, this cycle could see Bitcoin hit prices as high as $200k. This makes BTC a high-potential cryptocurrency to invest in while it is still rangebound.
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Kamal Masri
Kamal is an experienced financial analyst with a demonstrated history of working in the Financial Market. Skilled in Equities, Capital Markets, Portfolio Management, Risk management, and Corporate Finance. Kamal has worked at some of the leading online finance publications providing his expert knowledge on cryptocurrency. Kamal has written widely on digital assets across the stock and crypto media space and beyond, including for Coindesk, Ethereum World News and The FinTech Times.
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