7 months ago
As the assemblage prepares for the much-anticipated fourth halving set for April 19, 2024, the buzz astir Bitcoin-based projects is reaching a fever pitch. Crypto influencer Leshka.eth, with a pursuing of implicit 128,500 connected X (formerly Twitter), has identified a acceptable of altcoins nether the Bitcoin fiscal ecosystem (BTCfi) that could spot important gains post-halving.
Crypto Analyst Shares His Top-10 BTCfi Altcoins
Leshka.eth told his 128,500 followers connected X (formerly Twitter) astir the imaginable of assorted projects successful the BTCfi landscape. He remarked, “The countdown to BTC halving ends successful 2 days. If you missed 1,000x connected BRC20 and Ordinals, if you missed 800x connected STAMP, cheque retired my watchlist of BTCfi altcoins poised to surge due to the fact that of the halving.”
Here’s a breakdown of the apical altcoins Leshka.eth believes could payment from the upcoming Bitcoin halving:
1. Hulvin (HULVIN): This task is touted arsenic the archetypal halving-themed memecoin with the slogan “Make Halving Great Again.” Initially mentioned by Leshka.eth erstwhile it was valued astatine a $9 cardinal marketplace cap, Hulvin has seen an awesome ascent, crossing a $30 cardinal marketplace cap.
“I archetypal mentioned it erstwhile it was astatine $9M marketplace cap. Today it surpassed $30M MC and outperforming each different tokens connected the market. Still overmuch abstraction for a terms discovery,” Leshka.eth highlighted. The coin presently trades astatine $0.01298 with a regular measurement of $5.8 million.
2. Map Protocol (MAP): Designed to simplify cross-blockchain transactions utilizing airy clients and zero-knowledge (ZK) proofs, MAP Protocol operates without relying connected trusted 3rd parties. It facilitates unafraid peer-to-peer connections and emphasizes compatibility crossed antithetic blockchains. Currently, MAP is trading astatine $0.0248 with a $107 cardinal marketplace headdress and a 24-hour trading measurement of $3.2 million. Leshka.eth views it arsenic a important infrastructure constituent for the evolving blockchain ecosystem.
3. Stacks (STX): As a furniture built connected apical of the Bitcoin blockchain, Stacks introduces functionalities specified arsenic astute contracts, decentralized concern (DeFi), non-fungible tokens (NFTs), and decentralized applications (dApps). It is often compared to the Lightning Network owed to its hold of Bitcoin’s capabilities.
With a important marketplace headdress of $4.04 cardinal and a terms of $2.29, Stacks represents a important portion of the BTCfi landscape. “Stacks transforms Bitcoin from a integer golden into a much expansive ecosystem susceptible of supporting a wide array of applications,” Leshka.eth noted.
4. Mintlayer (ML): This furniture 2 solution enhances Bitcoin’s functionality by enabling DeFi, astute contracts, atomic swaps, NFTs, and dApps straight connected the Bitcoin network. Trading astatine $0.38 with a marketplace headdress of $24 cardinal and a regular measurement of $2.5 million, Mintlayer stands retired for its integrative attack to extending Bitcoin’s inferior without the request for an wholly abstracted blockchain.
5. SatoshiSync (SSNC): Collaborating with LayerZero and Chainlink, SatoshiSync offers a toolkit for easing transactions connected Bitcoin’s L1 and L2 layers. Even earlier its token launch, the level had attracted implicit 50,000 users, underscoring its applicable value. SSNC is priced astatine $0.1275, with a marketplace headdress of $124.7 cardinal and humble regular transactions amounting to $0.45 million.
6. Bitcoin Virtual Machine (BVM): BVM is simply a rapidly increasing Layer 2 solution for Bitcoin that allows users to make their ain L2 networks, thereby enhancing the worth of BVM tokens. The BVM squad is besides readying to present airdrops for BVM stakers, which Leshka.eth believes could “drive up request for the tokens significantly.” BVM is presently trading astatine $5.35, with a marketplace headdress of $133.6 cardinal and a 24-hour measurement of $2.74 million.
7. Naka Chain (NAKA): Positioned arsenic a cost-effective, high-speed Bitcoin L2 blockchain tailored for DeFi applications that utilize Bitcoin for state fees, Naka Chain enables developers to larboard decentralized apps from Ethereum to Bitcoin with minimal changes. It functions likewise to the Ethereum Virtual Machine (EVM), enhancing its appeal. NAKA is trading astatine $0.026, with a marketplace headdress of $56.32 cardinal and a regular measurement of $128,000.
8. Elastos (ELA): Elastos aims to conception a blockchain-driven mentation of the internet, addressing scalability and flexibility issues recovered successful Ethereum and different DApp platforms. With a marketplace headdress of $81 cardinal and trading astatine $3.69, ELA focuses connected gathering a robust infrastructure for a decentralized internet.
9. MVC (SPACE): This nationalist blockchain integrates aggregate technologies, including the UTXO exemplary and Proof of Work (PoW), to present exceptional performance, minimal fees, and precocious decentralization. SPACE trades astatine $17.59 with a marketplace headdress of $52.3 cardinal and a 24-hour measurement of $1.31 million.
10. Photon: Touted arsenic a superior accepted Layer 2 solution, Photon leverages the information of Bitcoin’s Layer 1 to enactment scalable decentralized applications, providing ratio and flexibility comparable to Ethereum’s ecosystem. This task is 1 to watch, with its upcoming motorboat expected to pull important attention. “Keep an oculus retired for its upcoming launch!,” Leshka.eth stated.
11. Additional Mention – BounceBit: BounceBit is simply a Bitcoin staking concatenation that allows users to gain yields connected their dormant Bitcoin. With a absorption connected aboriginal access, the level encourages progressive information and utilization of Bitcoin for staking purposes. The imminent motorboat of BounceBit is highly anticipated by the community.
At property time, Stacks (STX) was trading astatine $2.29, down 40% from its all-time precocious reached connected April 1.
STX price, 1-day illustration | Source: STXUSD connected TradingView.comFeatured representation created with DALL·E, illustration from TradingView.com
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