Bitcoin ETFs have been inflowing for two consecutive days, but the inflow is not large, which has limited boost to market confidence. Hua Ge expects that the short-term will fluctuate between 59,000 and 63,000. Obviously, the market lacks a big positive to lead, so wait patiently.
How long after halving will BTC start to surge?
According to the inductive method, BTC usually starts to soar 3 to 5 months after the halving.
The second halving took place on July 9, 2016, and the price started to surge 110 days after the halving.
The third halving took place on May 11, 2020, and the price began to soar 163 days after the halving.
Based on the second and third halvings, the bull market will begin about 3 to 5 months after the halving.
The upcoming fourth halving will take place on April 20, 2024.
According to the previous deduction, the time range for the price to start rising after the halving is August 8, 2024 to September 30, 2024, which is one and a half to three months from now.
Considering the phenomenon of rushing to start in this round, the timing may be advanced.
5 Cryptocurrencies That Will Increase 100x in the 2024 Bull Run!
1. EVERYTHING
AltLayer (ALT) is a decentralized protocol designed to facilitate the launch of various rollups. Below is a breakdown of the services provided by AltLayer, Decentralized Rollup Protocol, AltLayer acts as an open source protocol for rollups, promoting decentralization, it allows the launch of native and re-collateralized rollups.
Restated Rollups for Enhanced Security, AltLayer introduces a unique concept called “Restaked Rollups”, restated rollups leverage the re-staking mechanism to improve the security, decentralization, interoperability, and crypto-economic finality of rollups built on existing rollup stacks (Optimism, Arbitrum, Polygon, etc.).
ALT Token Usage, ALT is the native token of the AltLayer protocol, and has several uses, Economic Stake: Similar to other proof-of-stake systems, ALT tokens are used with re-staked assets to create monetary stake in the network. Malicious behavior may reduce this stake, Governance (presumably) ALT token holders may have some governance rights over the protocol.
2. YGG
Yield Guild Games (YGG) is the world's first and largest web3 gaming guild, focusing on blockchain-based earn-while-playing games. Below is an overview of YGG, a decentralized autonomous organization (DAO) focused on NFTs used in virtual worlds and blockchain games, a Web3 gaming guild where players can connect with each other, discover games, and earn money together, aiming to become the leading community-based user acquisition platform in Web3 gaming.
YGG has built a community of players and investors interested in making money playing games, the DAO owns the NFT assets used in these games, YGG shares profits with its token holders (YGG), and they offer various programs to help members succeed in web3 games, such as scholarship programs and missions.
YGG is the native token of Yield Guild Games DAO. Owning YGG means owning governance rights. The price of YGG fluctuates like other cryptocurrencies.
3.AGIX
SingularityNET (AGIX) aims to revolutionize the way Artificial Intelligence (AI) is used. Here is a breakdown of the services provided by SingularityNET, Decentralized AI Marketplace, SingularityNET is a blockchain-based platform that serves as a marketplace for AI services. This marketplace allows anyone to create, share, and monetize AI services. Think of it as an app store, but for AI features instead of mobile apps.
Democratize AI using AGIX tokens. AGIX is the native token that supports transactions within the SingularityNET ecosystem. Users can use AGIX to pay for AI services, and developers can earn AGIX by creating and selling AI services.
Governance and Future Goals, AGIX token holders have a say in the future development of the platform through a voting mechanism (SingularityNET Enhancement Proposals or SNEPs), the long-term vision of the project is to promote the development of general artificial intelligence (AGI) and play a potential role in the technological singularity (the hypothetical moment when technological growth becomes uncontrollable and irreversible).
4.OP
Optimism (OP) is a project focused on scaling the Ethereum blockchain. Below is an overview of the features provided by Optimism, Ethereum's second-layer blockchain. Optimism is a second-layer scaling solution built on top of the Ethereum blockchain. It facilitates faster and cheaper transactions compared to the Ethereum mainnet. Optimism achieves this by using a technique called "optimistic rollups".
Scalability of Optimistic Rollups. Optimistic Rollups process transactions off-chain (on Optimism) and then bundle and secure them on the Ethereum mainnet, which reduces the load on the mainnet, thereby speeding up transaction processing and reducing fees.
OP Token and Governance, OP is the native token of the Optimism ecosystem, the platform was recently launched to promote decentralized governance, OP token holders will have a say in future upgrades and proposals of the Optimism protocol.
The benefits of OP include faster and cheaper transactions compared to the Ethereum mainnet, access to the growing decentralized finance (DeFi) ecosystem built on Optimism, and improved scalability of Ethereum through OP governance.
5. THIS
Ethena (ENA) is a project based on the Ethereum blockchain that aims to create an alternative to traditional USD financial instruments based on cryptocurrency. The following is a breakdown of the services provided by Ethena, Synthetic Dollar Protocol (USDe), Ethena is a protocol designed to provide a stablecoin USDe, which functions like a synthetic dollar. Unlike traditional stablecoins that are pegged to fiat currencies, USDe is backed by a basket of crypto assets and short futures positions.
The advantages of USDe are that it aims to achieve price stability relative to the US dollar, provides a crypto-native savings and transaction alternative, avoids reliance on the traditional banking system, and may offer some advantages in scalability and flexibility compared to fiat-backed stablecoins.
ENA token uses, ENA is the native token of the Ethena protocol and has the following uses: Governance ENA token holders can vote on proposals for the future development of the protocol. Potential future uses ENA's specific use cases outside of governance are still evolving, but some possibilities include receiving rewards or fee discounts within the Ethena ecosystem.
