Altcoins

List of Top Three Altcoins Expected to Rise in Tandem with Bitcoin Pump

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5 months ago

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Cryptocurrency analyst VirtualBacon played his latest video and delved into the fascinating developments within the Bitcoin ecosystem, including Ordinal Runes, BRC2 tokens and Bitcoin Layer-2 solutions, aimed at improving the usefulness and scalability of Bitcoin. He asks about the investment potential of the sector and the projects that are driving Bitcoin adoption. He gave a list of his top three altcoins, which could explode when Bitcoin pumps.

Choose one: core

Core is an EVM blockchain built and powered by Bitcoin, combining delegated proof of work of 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 newer projects with a lower token float. Despite initial price volatility, Core’s tokenomics are considered superior to its competitors in the layer 2 Bitcoin space. After peaking in March, the token’s current consolidation phase presents a potential re-entry opportunity ahead of its next move bullish.

Choose two: tap Protocol

He then discussed Tap Protocol, a project in the Bitcoin ecosystem that functions 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 via a token sale on CoinList, providing fair distribution. While Tap Protocol may not be as well known as other layer 2 Bitcoin projects, it represents significant innovation directly on top of Bitcoin, providing a new perspective in the space.

Choose three: Rune

The analyst said his third choice in the Bitcoin ecosystem was Runes. Instead of focusing on a specific rune, he advocates a diverse portfolio of the best runes due to the early stage of the technology. He suggests checking OKX, Magic Eden or Uniswap for the best runes. He personally holds six runes, including Doggo to the Moon, RC Rune, and Pups World Piece. It also holds smaller positions in Decentralized Rune, Satoshi Nakamoto Rune, and Bitcoin Wizards BRC2 tokens.

Read also: Legendary Crypto Analyst Says Altcoin Could Hit Bottom Today, Be Watchful!

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