Pasca Bitcoin Halving, 5 Kripto Ini Layak Dihindari?

Bitcoin recently underwent its fourth halving at block 840,000. While a bullish trend is often anticipated following a halving, certain altcoins may be worth avoiding.

As a reminder, a halving event involves reducing the mining reward from 6.25 to 3.125 new bitcoins per block. This process occurs approximately every four years to slow down the creation of new bitcoins, control inflation, and extend the lifespan of the currency.

Historically, reduced supply and stable or increasing demand after a halving have typically triggered significant uptrends in both Bitcoin and the broader altcoin market.

In a recent Coingape report, five altcoins were identified as worth avoiding, highlighting the need for crypto investors to conduct thorough analysis in seeking better investment opportunities.

Dogwifhat (WIF): Unclear Dominance from Buyers or Sellers

Dogwifhat (WIF) is a memecoin built on the Solana blockchain, known for its active community and wholesome memes featuring a Shiba Inu wearing a hat. Despite its potential, WIF's price has been stagnant for some time, indicating unclear dominance from either buyers or sellers. WIF currently trades at $2.86, with an intraday loss of 2%.

Bittensor (TAO): Worth Avoiding Due to Downtrend

Bittensor (TAO) is an innovative decentralized machine learning network, designed to democratize access to AI model development and training. However, TAO's price has been on a steady downtrend for some time, signaling significant selling pressure.

Ethena (ENA): Correction Amidst Crypto Market Uncertainty

ENA is a cryptocurrency project aiming to provide a stable and scalable form of currency in the crypto space. Despite its potential, ENA's price has undergone a significant correction recently, suggesting market uncertainty surrounding the project.

Pepe Coin (PEPE): Downtrend Reflects Investor Uncertainty

PEPE is a deflationary memecoin launched as a tribute to the Pepe the Frog meme. However, PEPE's price has exhibited a significant downtrend, reflecting investor uncertainty about its long-term prospects.

Toncoin (TON): History of Significant Price Swings

TON is the native currency of The Open Network (TON), a decentralized blockchain originally developed by Telegram before the project was acquired by the TON Foundation. Despite its history of significant price swings, TON's price is currently showing signs of rejecting lower prices, indicating potential for future recovery.

In conclusion, while Bitcoin's halving event typically sparks significant bullish trends, certain altcoins may warrant caution due to ongoing challenges in their growth. Altcoins like Dogwifhat (WIF), Bittensor (TAO), Ethena (ENA), Pepe Coin (PEPE), and Toncoin (TON) exhibit various issues, ranging from price stagnation to significant downtrends. However, it's worth noting that some analysts have observed that public search interest for Bitcoin and cryptocurrencies in general has not peaked, suggesting the market may still be early in a potential uptrend. [ab]