Bitcoin and Other Cryptocurrencies Poised to Surge Ahead of Major Event
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Bitcoin's upcoming "halving" event in April is expected to cause its price to surge higher, so investors are buying Bitcoin ahead of it.
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Cryptocurrencies like Ethereum, Avalanche, Cardano, and Chainlink are highly correlated with Bitcoin's price and may also benefit from the halving event.
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Avalanche is trading 60% below its all-time high price, making it potentially undervalued compared to cryptocurrencies like Solana.
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Avalanche recently had a positive tech upgrade and is gaining momentum with investors, though all cryptos carry elevated risk levels.
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The article's top pick for maximum upside potential is Avalanche due to its Bitcoin correlation, trading volume, and recent upgrade.