Bitcoin

List of the three main Altcoins that are expected to emerge in conjunction with the Bitcoin pump

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5 months ago

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Cryptocurrency analyst VirtualBacon watched his latest video and delved into fascinating developments in the Bitcoin ecosystem, including ordinal runes, BRC2 tokens, and Bitcoin Layer-2 solutions, with the aim of enhancing Bitcoin’s utility and scalability. It raises questions about the sector’s investment potential and which projects are driving Bitcoin adoption. He gave a list of his top three altcoins, which could explode when Bitcoin booms.

Choose one: Core

Core is an EVM blockchain built and developed by Bitcoin, combining delegated proof of work from Bitcoin mining pools with proof of stake using its main token. The project, launched in February 2023, already has a significant portion of its token supply in circulation, a favorable aspect compared to more recent projects with lower token fluctuation. Despite experiencing initial price volatility, Core’s tokenomics is considered superior to its competitors in the Bitcoin Layer 2 space. After peaking in March, the token’s current consolidation phase presents a potential re-entry opportunity before its next upward move.

Choose two: Tap Protocol

He went on to discuss Tap Protocol, a project in the Bitcoin ecosystem that operates as a metaprotocol. Tap Protocol offers more flexibility and decentralization compared to other protocols like BRC 20s. Although relatively new, Tap Protocol has powerful features and a decentralized indexer. The Tap token is not yet live, but will soon be available through a token sale on CoinList, offering fair distribution. While Tap Protocol may not be as well-known as other Bitcoin layer 2 projects, it represents a significant innovation directly on top of Bitcoin, offering a new perspective on the space.

Choose three: Rune

The analyst said his third choice in the Bitcoin ecosystem is Runas. Rather than focusing on a specific Rune, he advocates a diverse portfolio of cutting-edge Runes due to the early stage of the technology. He suggests checking OKX, Magic Eden or Uniswap for the top runes. He personally owns six Runes, including Doggo to the Moon, RC Rune, and Pups World Piece. He also holds smaller positions in Runa Decentralizada, Runa Satoshi Nakamoto, and Bitcoin Wizards BRC2 token.

Read too: Legendary Crypto Analyst Claims Altcoin Could Bottom Today, Be Alert!

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