Ethereum

Cardano

Toncoin

Dogecoin

Shiba Inu

The crypto market went boom late on Tuesdays as investors rushed to defend their open positions amid a nerve-shattering sell-off caused by imbalanced order books, profit taking, and miners’ decision to offload BTC at its previous all-time high. Ethereum alongside most altcoins was caught up in the crosshairs as volatility exploded across the board. In the wake of the BTC and <a href="https://coingape.com/eth-tops-3900-analyst-forecasts-momentum-amid-70-surge/" rel="noopener noreferrer nofollow">ETH</a> sell-off to $59,323 and $3,324, respectively, 3 crypto to buy, including <a href="https://coingape.com/cardano-news-charles-hoskinson-questions-adas-absence-from-grayscale-staking-fund/" rel="noopener noreferrer nofollow">Cardano (ADA)</a>, Toncoin (TON), and Dogecoin (DOGE) emerge as pre-halving gems likely to grow portfolios by more than $1,000.
Bitcoin price had significantly recovered to $67,122 while Ethereum hovered above $3,800 during US business hours on March 6. The total market capitalization is up by 2.5% to $2.5 trillion, underpinning the unquenchable thirst investors have for cryptos ahead of the halving in April.
<a href="https://coingape.com/halving/bitcoin-halving/" rel="noopener noreferrer nofollow">Bitcoin’s halving</a> is one of the most awaited events in the crypto industry. It takes place every four years or after every 240,000 blocks.
The event played a significant role in controlling the coin’s inflation. This is achieved by reducing the number of new coins joining the supply. Currently, miners earn 6.25 BTC per block mined but this reward will go down to 3.125 BTC in April, effectively shrinking supply in succeeding months.
Due to the noticeable decrease in supply and with demand rising or holding steady, Bitcoin price is expected to gain momentum to new levels. The altcoin market often follows in BTC’s footsteps achieving new milestones.
<h2 id="span-class-s1-1-cardano-ada-span">1. Cardano (ADA)</h2>
ADA’s blockchain platform, known for its robust proof-of-stake (PoS) mechanism, has recently been a beacon of strength in the cryptocurrency sector. Over the last month, the platform’s native token, ADA, posted a remarkable surge of 40%, showcasing its unmatched growth trajectory.
Despite this upward trend, the past 24 hours have observed a minor setback, with&nbsp;<a href="https://coingape.com/price/cardano/" target="_blank" rel="noopener noreferrer nofollow">Cardano price</a> slightly retreating by over 7%, now trading at $0.7166.
<figure id="attachment_184435" aria-describedby="caption-attachment-184435" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-184435" src="https://coingape.com/wp-content/uploads/2024/03/Cardano-price-analysis-e1709741546737.png" alt="Cardano Price Analysis: How To Navigate ADA's Roadmap To $1 In March" width="1200" height="629">
 <figcaption id="caption-attachment-184435" class="wp-caption-text">
 Cardano price chart | Tradingview
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</figure>
If bulls take charge and push&nbsp;<a href="https://coingape.com/markets/cardano-price-forecast-will-ada-hit-1-level-before-bitcoin-halving/" target="_blank" rel="noopener noreferrer nofollow">Cardano’s</a>&nbsp;value above the resistance level of $0.71, ADA could witness a surge in momentum. This upswing might quickly propel the digital currency toward the key $1 mark, testing its strength at this level.
If the market fails to gather the necessary vigor, however,&nbsp;<a href="https://coingape.com/markets/cardano-price-analysis-ada-surges-past-0-59-mark-will-bulls-break-0-9/" target="_blank" rel="noopener noreferrer nofollow">ADA</a>&nbsp;could see a decline. It might retreat to its support at approximately $0.68. Should bearish pressures persist, we may see Cardano’s price dip further, potentially reaching a lower support point at $0.65.
<h2 id="span-class-s1-2-dogecoin-doge-span">2. Dogecoin (DOGE)</h2>
Dogecoin (DOGE)&nbsp;is a unique and playful cryptocurrency that emerged from the popular “doge” internet meme, featuring a Shiba Inu dog. Created by software engineers Billy Markus and Jackson Palmer in December 2013, Dogecoin was initially intended as a joke to satirize the proliferation of altcoins.
Amid the recent meme surge, <a href="https://coingape.com/markets/dogecoin-price-forecast-how-renewed-meme-coin-hype-could-charge-doge-to-1-in-march/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin</a> emerged as one of the highest gainers as the price jumped from $0.077 to $0.16 within a month registering a 110% jump.
<figure id="attachment_184449" aria-describedby="caption-attachment-184449" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-184449 size-full" src="https://coingape.com/wp-content/uploads/2024/03/Doge-march-6.png" alt="Crypto To Buy dogecoin price chart" width="1946" height="893" srcset="https://coingape.com/wp-content/uploads/2024/03/Doge-march-6.png 1946w, https://coingape.com/wp-content/uploads/2024/03/Doge-march-6-300x138.png 300w, https://coingape.com/wp-content/uploads/2024/03/Doge-march-6-1224x562.png 1224w, https://coingape.com/wp-content/uploads/2024/03/Doge-march-6-768x352.png 768w, https://coingape.com/wp-content/uploads/2024/03/Doge-march-6-1536x705.png 1536w, https://coingape.com/wp-content/uploads/2024/03/Doge-march-6-150x69.png 150w" sizes="(max-width: 1946px) 100vw, 1946px">
 <figcaption id="caption-attachment-184449" class="wp-caption-text">
 dogecoin price chart | Tradingview
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</figure>
The current market cap of Doge-themed is at $23.3 Billion, showcasing an intraday jump of 7%, with a trading volume of $2B. The rising&nbsp;<a href="https://coingape.com/price/dogecoin/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin price</a>&nbsp;may face overhead resistance at $0.2, followed by $0.22, while a potential pullback may take support at $0.15, followed by $0.105.
<h2 id="span-class-s1-3-toncoin-ton-span">3. Toncoin (TON)</h2>
TON, the token powering the TON Blockchain, is up a modest 32% in 30 days despite the acute volatility triggered by&nbsp;<a href="https://coingape.com/markets/bitcoin-price-prediction-will-powells-congress-testimony-impact-btcs-12-bounce-back/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a>&nbsp;flash drop below $60,000 on March 5. As BTC and other major altcoins dumped uncontrollably on Tuesday, Toncoin price nosedived to sweep liquidity at $2.28 in a candle wick from highs around $2.75.
The 19th largest cryptocurrency, boasting $9.3 billion in market capitalization had bounced back to trade at $2.72 during US business hours on Wednesday. A commendable 77% surge in the 24-hour trading volume to $185 million hints at growing investor interest, which explains the bullish outlook in March.
<figure id="attachment_184437" aria-describedby="caption-attachment-184437" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-184437 size-full" src="https://coingape.com/wp-content/uploads/2024/03/TONUSD_2024-03-06_19-19-33.png" alt="Crypto To Buy Toncoin price chart | Tradingview" width="2694" height="1444" srcset="https://coingape.com/wp-content/uploads/2024/03/TONUSD_2024-03-06_19-19-33.png 2694w, https://coingape.com/wp-content/uploads/2024/03/TONUSD_2024-03-06_19-19-33-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/03/TONUSD_2024-03-06_19-19-33-1224x656.png 1224w, https://coingape.com/wp-content/uploads/2024/03/TONUSD_2024-03-06_19-19-33-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/03/TONUSD_2024-03-06_19-19-33-1536x823.png 1536w, https://coingape.com/wp-content/uploads/2024/03/TONUSD_2024-03-06_19-19-33-2048x1098.png 2048w, https://coingape.com/wp-content/uploads/2024/03/TONUSD_2024-03-06_19-19-33-150x80.png 150w" sizes="(max-width: 2694px) 100vw, 2694px">
 <figcaption id="caption-attachment-184437" class="wp-caption-text">
 Toncoin price chart | Tradingview
 </figcaption>
</figure>
After plunging to $2.28, Toncoin is on the verge of validating another breakout, this time, targeting the all-time high of $5.3.&nbsp;<a rel="noopener noreferrer nofollow" href="https://www.coingecko.com/en/coins/toncoin" target="_blank">TON</a>&nbsp;sits on top of all three key bull market indicators including the 20-day Exponential Moving Average (EMA), the 50-day EMA, and the 200-day EMA, bolstering a potential price surge.
Traders should anticipate some delays in the uptrend due to the barrier shown in red on the chart. However, with the Moving Average Convergence Divergence (MACD) almost sending a buy signal, a breakout toward the ATH could happen sooner than expected.
The post <a href="https://coingape.com/markets/bitcoin-ethereum-stage-comeback-as-3-crypto-to-buy-eye-1000-pre-halving-surge/" rel="noopener noreferrer nofollow">Bitcoin, Ethereum Stage Comeback As 3 Crypto To Buy Eye $1,000 Pre-Halving Surge</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Bitcoin, Ethereum Stage Comeback As 3 Crypto To Buy Eye $1,000 Pre-Halving Surge

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