Ten tokens to watch as Bitcoin halving looms

Bitcoin halving will occur on April 22 at 2:55 UTC, in around 20 days.

BRC 20 tokens, assets that use Bitcoin as a sidechain, and ecosystem tokens could benefit from BTC gains.

Stacks, Core, RSK Infrastructure Framework, and Syscoin – which use Bitcoin as their base layer – could rally as the halving narrative gets popular.

Bitcoin’s (BTC) halving, which is expected to occur in April, is typically considered a positive catalyst for BTC prices as historically the asset’s price has peaked within six to twelve months after the event. If history is set to repeat, the upcoming halving event opens doors to gains in beta plays, tokens built on Bitcoin sidechains, BTC ecosystem-based assets, and BRC20 amid rising demand among traders.

Bitcoin halving could fuel gains in these assets.

The Bitcoin halving countdown on nicehash.com shows that within less than 21 days, the reward for mining a BTC block will be slashed in half. This is considered a key event that marks Bitcoin market cycles, with peak gains expected within six to twelve months of the halving.

The ongoing market cycle has seen several beta plays emerge, paving the way for traders to benefit from the upcoming halving through other assets apart from Bitcoin:

1.BRC20 tokens: ORDI (ORDI), Ordinals Sats (SATS), Multibit (MUBI), and Ordiswap (ORDS).

2.Bitcoin as base layer or BTC sidechains: Stacks (STX), Core (CORE), RSK Infrastructure Framework (RIF), and Syscoin (SYS).

3.Bitcoin-related assets: Bitcoin Cash (BCH), Bitcoin SV (BSV).

BRC20 (Bitcoin Request for Comment) is an experimental token standard in which fungible tokens are minted on the Bitcoin blockchain, similar to the ERC-20 tokens on the Ethereum blockchain. Data from CoinGecko shows weekly gains between 3% and 16% in BRC20 tokens ahead of the upcoming halving.

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