Crypto Analyst Unveils Top 10 BTCfi Altcoins Post-Halving

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With April 19, 2024, approaching as the anticipated date for Bitcoin‘s fourth halving event, there’s been an increase in excitement within the cryptocurrency community. Notable crypto influencer Leshka.eth, boasting a large following of over 128,500 on X (previously known as Twitter), has pinpointed several altcoins connected to the Bitcoin financial ecosystem (BTCfi) that could potentially experience substantial growth post-halving.

Crypto Analyst Shares His Top-10 BTCfi Altcoins

Leshka.eth shared with his 128,500 X platform fans that several projects in the Bitcoin Finance (BTCfi) sector could experience significant growth due to the upcoming BTC halving event. He noted, “In just two days, the BTC halving deadline will be reached. If you missed out on potential gains of 1,000x with BRC20 and Ordinals, or 800x with STAMP, I recommend keeping an eye on my list of promising BTCfi altcoins set to thrive post-halving.”

Here’s a look at the leading altcoins, according to Leshka.eth, that might experience positive impacts following the upcoming Bitcoin halving event:

1. Hulvin (HULVIN): This project is touted as the first halving-themed memecoin with the slogan “Make Halving Great Again.” Initially mentioned by Leshka.eth when it was valued at a $9 million market cap, Hulvin has seen an impressive ascent, crossing a $30 million market cap.

“Leshka.eth brought up the topic when the coin’s market cap was only $9 million. Now, it has exceeded $30 million and is outperforming other tokens, leaving plenty of room for further price growth. The coin is currently priced at $0.01298 with a daily trading volume of $5.8 million.”

The MAP Protocol simplifies cross-blockchain transactions using light clients and zero-knowledge proofs, eliminating the need for trusted third parties. It fosters secure peer-to-peer connections and prioritizes compatibility among various blockchains. Currently priced at $0.0248, MAP has a market cap of $107 million and a 24-hour trading volume of $3.2 million. According to Leshka.eth, this infrastructure is essential for the advancing blockchain landscape.

3. Stacks (STX): As an additional layer on the Bitcoin blockchain, Stacks brings features including smart contracts, decentralized finance (DeFi), non-fungible tokens (NFTs), and decentralized applications (dApps) to the table. It’s frequently compared to the Lightning Network due to its expansion of Bitcoin’s functionalities.

Using a market value of $4.04 billion and a price of $2.29, Stacks holds a considerable presence within the BTCfi sphere. As Leshka.eth pointed out, Stacks enhances Bitcoin’s functionality by expanding it into a broader ecosystem suitable for various applications.

Mintlayer (ML) is a layer 2 solution that expands Bitcoin’s capabilities by allowing Decentralized Finance (DeFi), smart contracts, atomic swaps, Non-Fungible Tokens (NFTs), and decentralized applications (dApps) to operate directly on the Bitcoin network. Currently priced at $0.38 with a market capitalization of $24 million and a daily trading volume of $2.5 million, Mintlayer is notable for its inclusive approach to enhancing Bitcoin’s functionality without requiring a completely new blockchain.

5. SatoshiSync (SSNC): In partnership with LayerZero and Chainlink, SatoshiSync provides a collection of solutions for facilitating Bitcoin transactions on both its main layer and secondary layers. The platform had already amassed over 50,000 users prior to its token release, demonstrating its usefulness. SSNC is valued at $0.1275 with a market capitalization of $124.7 million and relatively low daily transactions worth around $0.45 million.

6. Bitcoin Virtual Machine (BVM): BVM is a rapidly growing Layer 2 solution for Bitcoin that allows users to create their own L2 networks, thereby enhancing the value of BVM tokens. The BVM team is also planning to introduce airdrops for BVM stakers, which Leshka.eth believes could “drive up demand for the tokens significantly.” BVM is currently trading at $5.35, with a market cap of $133.6 million and a 24-hour volume of $2.74 million.

Paraphrasing: 7. Naka Chain (NAKA): Naka Chain is a low-cost, quick Bitcoin L2 blockchain designed specifically for Decentralized Finance (DeFi) apps that rely on Bitcoin for transaction fees. This platform lets developers transfer decentralized applications from Ethereum to Bitcoin with minimal adjustments. It operates similarly to the Ethereum Virtual Machine (EVM), making it an attractive option. The current price of NAKA is $0.026, and its market capitalization amounts to $56.32 million, while its daily trading volume reaches $128,000.

8. Elastos (ELA): Elastos is working to create a web based on blockchain technology, solving the scalability and adaptability challenges of platforms like Ethereum. With a market value of $81 million and a price of $3.69 per token, Elastos concentrates on developing a strong foundation for a decentralized internet.

9. MVC (SPACE): Space MVC is a public blockchain that combines various technologies such as the UTXO model and Proof of Work (PoW). This combination results in exceptional performance, low transaction fees, and a high degree of decentralization. The current price of Space MVC is $17.59, with a market capitalization of $52.3 million, and a 24-hour trading volume of $1.31 million.

Photon is a promising alternative to traditional Layer 2 solutions, offering the security of Bitcoin’s fundamental layer along with the ability to run scalable decentralized apps. Its efficiency and flexibility are on par with Ethereum’s ecosystem. This project is generating buzz, and its upcoming launch is anticipated to draw considerable interest. “Don’t miss its upcoming launch!,” Leshka.eth exclaimed.

11. Additional Mention – BounceBit: BounceBit is a Bitcoin staking chain that allows users to earn yields on their dormant Bitcoin. With a focus on early access, the platform encourages active participation and utilization of Bitcoin for staking purposes. The imminent launch of BounceBit is highly anticipated by the community.

Currently, the price of Stacks (STX) was sitting at $2.29 during the preparation of this article, representing a decrease of 40% compared to its peak price which was recorded on April 1st.

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2024-04-17 18:05