Crypto Analyst Unveils Highly Potential BTCfi Altcoin Watchlist as Bitcoin Halving Approaches
With the Bitcoin halving event just three days away, crypto analyst Leshka has shared a watchlist of BTCfi altcoins that could potentially surge in value. The halving, which occurs approximately every four years, reduces the rate at which new Bitcoins are mined by 50%, potentially leading to price increases if demand remains steady or rises.
What you'll learn 👉
The Growing BTC Ecosystem
The Bitcoin ecosystem has been expanding rapidly, with Ordinals playing a crucial role in nurturing the growth of the BRC-20 ecosystem. Leshka predicts that many tokens could experience substantial 10-100x growth prior to the halving event. The ecosystem encompasses various components, including NFT marketplaces, wallets, and infrastructure projects, all of which enhance the utility of BTC.
Altcoin Watchlist
1. Hulvin ($HULVIN)
Hulvin is the first halving-themed memecoin, and Leshka first mentioned it when its market cap was at $9 million. Today, it has surpassed $30 million and is outperforming all other tokens on the market, with much space for price discovery.
- Price: $0.01298
- 24h Volume: $5.8M
- Market Cap: $27.2M
- Fully Diluted Valuation (FDV): $27.2M
2. MAP Protocol ($MAP)
MAP Protocol simplifies cross-blockchain transactions using light clients and zero-knowledge technology, without relying on trusted third parties. It connects various blockchains securely through peer-to-peer connections, prioritizing compatibility across chains.
- Price: $0.0248
- 24h Volume: $3.2M
- Market Cap: $107M
- FDV: $240.3M
3. Stacks ($STX)
Stacks is a blockchain platform that supports smart contracts, DeFi, NFTs, and dApps. It functions as a layer built on top of the Bitcoin blockchain, comparable to the Lightning Network for Bitcoin.
- Price: $2.76
- 24h Volume: $178M
- Market Cap: $4.04B
- FDV: $5.05B
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Show more +4. Mintlayer ($ML)
Mintlayer is a Layer 2 solution that extends the capabilities of the Bitcoin blockchain, enabling the creation of a DeFi ecosystem. It allows for the implementation of DeFi, smart contracts, atomic swaps, NFTs, and dApps directly on the Bitcoin network.
- Price: $0.38
- 24h Volume: $2.5M
- Market Cap: $24M
- FDV: $153M
5. SatoshiSync ($SSNC)
In collaboration with LayerZero and Chainlink, SatoshiSync offers a suite of tools for both Bitcoin’s L1 and L2 layers. With over 50,000 users prior to its token launch, SatoshiSync simplifies transaction creation on both L1 and any BTC L2 with minimal effort.
- Price: $0.1275
- 24h Volume: $0.45M
- Market Cap: $124.7M
- FDV: $124.7M
6. Bitcoin Virtual Machine ($BVM)
Bitcoin Virtual Machine (BVM) is a rapidly expanding Layer 2 for Bitcoin. It allows users to create their own L2 networks and boosts the worth of $BVM tokens. The BVM team intends to offer tempting airdrops for BVM stakers, which may drive up demand for the tokens.
- Price: $5.35
- 24h Volume: $2.74M
- Market Cap: $133.6M
- FDV: $535.5M
7. Naka Chain ($NAKA)
Naka is a budget-friendly, high-speed Bitcoin L2 blockchain tailored for DeFi applications that use Bitcoin for gas fees. It functions similarly to an EVM, allowing developers to shift decentralized apps from Ethereum to Bitcoin with minimal modifications.
- Price: $0.026
- 24h Volume: $128K
- Market Cap: $56.32M
- FDV: $56.32M
8. Elastos ($ELA)
Elastos stands out as a platform dedicated to building a blockchain-driven rendition of the internet. It’s determined to address the shortcomings of Ethereum and other DApp platforms by prioritizing scalability and flexibility.
- Price: $3.69
- 24h Volume: $806K
- Market Cap: $81M
- FDV: $94M
9. MVC ($SPACE)
MVC is a groundbreaking public blockchain that integrates several innovations. By employing the UTXO and POW model, it has achieved exceptional performance, minimal fees, and a substantial level of decentralization all at once.
- Price: $17.59
- 24h Volume: $1.31M
- Market Cap: $52.3M
- FDV: $369M
10. Photon
Photon surpasses traditional Layer 2 solutions by harnessing the security of Bitcoin’s Layer 1. It aims to bolster scalable decentralized applications, offering efficiency and flexibility comparable to Ethereum’s ecosystem. Keep an eye out for its upcoming launch!
11. BounceBit
BounceBit is a BTC staking chain enabling users to earn yields on their dormant Bitcoin. With a focus on early access, the platform encourages users to participate and utilize their Bitcoin for staking. Stay tuned for its imminent launch.
As the Bitcoin halving approaches, the BTCfi narrative remains strong, with the potential for significant growth in the altcoin market. By keeping a close eye on the projects highlighted in Leshka’s watchlist, investors may be able to capitalize on the opportunities presented by the expanding BTC ecosystem.
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