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3 Cryptocurrencies to Buy Now

The following Bitcoin (CRYPTO: BTC) Halving is one of the most anticipated events of the year for crypto investors – and for good reason. Past halving cycles have led to stratospheric gains for Bitcoin, as well as new all-time highs. So obviously all eyes are on Bitcoin now.

But another interesting phenomenon also occurs after the halving: top altcoins tend to see a huge spike in market capitalization as they follow Bitcoin higher. And some of these coins even outperform Bitcoin in the twelve-month period following the halving.

With that in mind, here are three cryptocurrencies that have the potential to soar higher in 2024 and into 2025.

1. Solana

While Solana (CRYPTO: SOL) Although it has cooled significantly since the torrid 2023, when it rose in value by more than 900%, it is still keeping pace with Bitcoin in 2024. This year, Bitcoin is up 66%, while Solana is up 67%.

A lot of that has to do with the fact that Solana is now seen as ‘the next one Ethereum (CRYPTO:ETH)As Ark Invest’s Cathie Wood noted last November, Solana is essentially a cheaper, faster, and more efficient version of Ethereum. So just as Ethereum was one of the top altcoin performers in Bitcoin’s previous halving cycle, Solana could be one. of the top altcoin performers at Bitcoin’s next halving.

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Add to that the fact that Solana has a robust mobile crypto strategy, and this crypto really has a chance to stand out in the coming bull market cycle. Unlike its rivals, Solana now has a mobile phone optimized for crypto. This opens up all kinds of new opportunities, such as the possibility of capturing a much larger share of the crypto gaming market.

2. Chain link

Chain link (CRYPTO: LINK) could be a sleeper candidate to outperform Bitcoin over the next twelve months. Yes, Chainlink is only up 15% so far, but you have to look ahead to what’s to come to realize how much higher it could rise in the next bull market cycle.

Chainlink is at the forefront of a long-term financial trend known as real-world asset tokenization. This refers to the process of converting real-world assets into digital assets that can live on the blockchain. You may not have heard of this trend before, but many big names on Wall Street are now firmly behind it, including Black rock (NYSE:BLK), the largest asset manager in the world. According to the Boston Consulting Group, tokenization of assets could create a $16 trillion market opportunity by 2030.

If Chainlink can capture just a small piece of this market opportunity, it could be huge for its future growth prospects. And there are plenty of reasons to think this might be possible.

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First, Chainlink is already the most trusted data oracle in the crypto world, providing real-world data for financial asset pricing. Second, Chainlink is working on a new blockchain protocol (known as CCIP, or Cross-Chain Interoperability Protocol) for connecting blockchains. This would make it much easier for tokenized financial assets to be transferred seamlessly across blockchains.

3. SingularityNET

Finally, save room in your wallet for a high-quality AI crypto. As Ark Invest’s Cathie Wood highlighted in her 2024 ‘Big Ideas’ report, there are many opportunities at the intersection of artificial intelligence and crypto. Given all the excitement around AI right now it can be hard to break the hype, but one AI crypto that has me intrigued is SingularityNET (CRYPTO: AGIX).

AI computer chip.

Image source: Getty Images.

Unlike ChatGPT, which focuses on generative AI, SingularityNET focuses on artificial general intelligence (AGI). That’s a much bigger market opportunity, and one that could be a complete game-changer for humanity.

I’m not exaggerating here. The name of the token refers to ‘the technological singularity’ – the moment when a single computer becomes more intelligent than all of humanity combined. (Don’t worry: SingularityNET is working on a benevolent form of AGI that won’t enslave humanity.)

While investing in any AI crypto comes with a huge risk factor, there are two factors that seem to make SingularityNET at least slightly less risky. First, the team behind SingularityNET, led by AI researcher Ben Goertzel, is world-class. And second, the current price of a SingularityNET token is just $1. That seems like a very cheap price of entry into the exciting world of super-intelligent AI.

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Not all altcoins are created equal

Keep in mind that every time you delve into the world of altcoins, your risk exposure will increase dramatically. So be careful about expanding your exposure far beyond Bitcoin. With Bitcoin, there is at least a proven track record of success post-halving. Things get much trickier when it comes to cryptos in emerging areas such as asset tokenization and artificial intelligence.

That said, if you’re looking to diversify your crypto portfolio with a few big winners in the post-halving cycle, three names top my list: Solana, Chainlink, and SingularityNET.

Should you invest $1,000 in Solana now?

Consider the following before purchasing shares in Solana:

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Dominic Basulto has positions in Bitcoin and Ethereum. The Motley Fool has positions in and recommends Bitcoin, Chainlink, Ethereum, and Solana. The Motley Fool has a disclosure policy.

Bitcoin Halves Ahead: 3 Cryptocurrencies to Buy Now was originally published by The Motley Fool

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