Altcoin Prices Surge Post-Halving: Spotlight on CORE, BONK, SHIB

Post-halving, the cryptocurrency landscape is witnessing a thrilling upswing, particularly in altcoins such as CORE, BONK, and SHIB.

Gain in-depth knowledge about these coins and others, like ICP and AR, which are making significant strides in various blockchain sectors, from memecoins to Layer 1 technologies.

Significant Price Gains in CORE, BONK, and SHIB Following Bitcoin's Halving

Following the Bitcoin halving on April 20, 2024, several altcoins have experienced notable price increases. Over the past seven days, three altcoins in particular—CORE, BONK, and SHIB—have recorded substantial gains.

CORE has surged by approximately 70%, BONK has risen by about 31%, and SHIB has increased by around 18.5%.

CORE is known for its project that combines the advantages of Bitcoin and Ethereum, creating a Layer 1 blockchain compatible with the Ethereum Virtual Machine (EVM).

It is also collaborating with D3 to issue Web3 domains. BONK, a dog-themed meme coin based on Solana, has continued its upward trend from the previous year. SHIB, a leading ERC20 token, has garnered attention with the launch of Shibairum and other developments.

Other notable cryptocurrencies following this trend include ICP, AR, FLOKI, SUI, NEAR, BEAM, and AGIX, all of which have seen price increases of over 14%.

Diverse Sectors of Tokens Rising: Memecoins and Layer 1 Blockchains

Among the cryptocurrencies, BONK, SHIB, and FLOKI are generally categorized as "memecoins," though opinions are increasingly viewing SHIB as beyond just a memecoin. Despite significant price surges last year, the momentum for memecoins has not waned after the halving.

"CORE, ICP, SUI, NEAR" are all Layer 1 blockchains, with SUI drawing attention for its partnerships related to TikTok and the announcement of a Web3-compatible mobile gaming device.

Arweave (AR) operates a decentralized data storage network aimed at perpetual data storage. BEAM is involved in Play-to-Earn (P2E) gaming projects, and SingularityNET (AGIX) focuses on AI-related developments.

Last month, SingularityNET announced its participation in the "Artificial Superintelligence Alliance," integrating three tokens—$FET, $OCEAN, and $AGIX—into a new token, $ASI.

Despite numerous headline-making announcements before the halving, the impact on prices due to caution around potential declines was limited. However, as the market adjusts post-halving, the likelihood of significant price increases across various cryptocurrencies is anticipated.