ONLY FEW days left until the $BTC halving.
BRC-20 and BTCfi narratives has huge 100x potential after Bitcoin surge.
$BTC has $1.4T MC. Imagine how big DeFi projects on Bitcoin can be.
Here's why I'm bullish on BTCfi + 10 tokens from my watchlist 🧵👇
Many have high hopes for the upcoming BTC halving.
Ofc some will say that the 2020 halving did not have much impact on the Bitcoin ecosystem and attention shifted to DeFi on EVM chains.
In my opinion, the 2024 halving will be significant for the ecosystem and here's why:
• Over the past 4 years, a vast ecosystem has built up around $BTC, which continues to expand.
This growth can be attributed to the Ordinals, which gave rise to the BRC-20 ecosystem, a.k.a. BRCfi.
• A lot of attention is focused on Bitcoin right now.
Many people are building strategies and making their predictions about the consequences of halving.
This could be a good catalyst for a token surge in the BTC ecosystem.
• Altcoin index leans towards Bitcoin dominance this month.
This means that most people are preferred choice BTC to investing compared to all other altcoins.
This behavior is explained by the popularity of Bitcoin ETF and the belief in its subsequent growth.
With these factors in mind, we can prepare for a potential jump in BTC ecosystem.
I reviewed many projects while studying the BRC-20 ecosystem and the BTCfi narrative, choosing the most promising of them.
Here are my picks for this season:👇
1/ @satoshivm
SatoshiVM is a decentralized Bitcoin ZK Rollup Layer2 solution and bridges the EVM ecosystem with Bitcoin.
It serves as a network that settles transactions on Bitcoin without requiring the sharing of additional data with network validators.
Token - $SAVM
Price: $7.85
MC: $55,01M
CA: 0x15e6E0D4ebeAC120F9a97e71FaA6a0235b85ED12
Common utilities: Governance and Voting, Staking Rewards.
Premium utilities: Early Participant Incentives, Liquidity Provider Rewards.
2/ @bounce_bit - $BOUNCE (launch soon)
BounceBit is the first-ever native BTC restaking chain, which secured by staking both Bitcoin and BounceBit tokens.
The Proof-of-Stake (PoS) mechanism merges native $BTC security with complete EVM compatibility.
3/ @OrdiswapLabs
Bitcoin's AMM DEX, unlocking $BTC native layer liquidity and supporting $BRC-20 tokens.
Ordiswap's off-chain server interacts and aggregates with several oracles in manner sOracle to obtain real-time price feeds for the BRC-20 tokens.
Token - $ORDS
Price: $0.1978
MC: $49,82M
CA: 0x8AB2ff0116A279a99950C66A12298962D152B83c
Used to platform fees, incentivize Bitcoin-native liquidity providers, and power swaps on Ordiswap.
Launch soon - $REOS
REOS is L1 designed as a BRC-20 token. This token serves as a direct revenue stream for $ORDS on the Ethereum network.
Serves as a core utility token, supporting liquidity providers, platform participants, and pool creation activity.
4/ @Multibit_Bridge
MultiBit is the first-ever dual-sided bridge designed for easy cross-network transfers between BRC20 and ERC20 tokens.
Through promoting unmatched liquidity for these tokens, MultiBit heightens cross-chain interoperability.
Token - $MUBI
Price: $0.1613
MC: $153,26M
CA: 0x38e382f74dfb84608f3c1f10187f6bef5951de93
$MUBI provides incentives which to encourage users to exert efforts towards contribution and participation in the ecosystem.
5/ @SatoshiSync
SatoshiSync introduces a suite of Bitcoin L1 & L2 tools, pioneering as the premier decentralized tool for creating Inscription open markets.
With InscripSync and Satoshi Router, it allows users to create cross-platform marketplaces with no coding required.
Token - $SSNC
Price: $0.1613
MC: $153,26M
CA: 0x38e382f74dfb84608f3c1f10187f6bef5951de93
Key utilities:
• Cross Chain Bridging and Revenue Capture/fees
• Governance
• Staking
• Deflationary
6/ @ZeusNetworkHQ
Permissionless communication layer on Solana and Bitcoin.
Fast transaction speeds and scalability from SOL, and ensures security, trust, and liquidity from BTC.
Developers can build a diverse range of applications and services between Solana and Bitcoin.
Token - $ZEUS
Price: $0.9801
MC: $164,63M
CA: ZEUS1aR7aX8DFFJf5QjWj2ftDDdNTroMNGo8YoQm3Gq
Key utilities:
• Security
• Gas / Fuel / Service Access
• Governance
• Incentives for participants
7/ @OrangeCryptoHQ
Orange is DeFi ecosystem of products and services to help access and manage your Bitcoin, BRC20, Stacks, and Ordinals NFTs.
• Wallet with Multi-Protocol Support and Swaps
• Chatbot assistant that leverages NLP and AI
• Dedicated Bitcoin blockchain explorer
Token - $ORNJ
Price: $0.5968
MC: $36,58M
CA: 373ffb1afec9af0e3eac751ba68cd1987996f4c68435f7db7b67def90ec19505i0
Token can be used in Governance, to reduce fees for holding and rewards for active participation/ staking.
8/ @inscribe_app
Inscribe is the first ever cross-chain marketplace for inscriptions and allows users to interact with blockchains they are not natively part of.
A user with a wallet like
@MetaMask
can use any ERC20 token to buy any inscription listed on Inscribe’s marketplace.
Token - $INS
Price: $0.3724
MC: $8,05M
CA: 0xe9572938bcbf08adcee86fd12a7c0d08dc4ab841
Token can be used in Governance, for gas fees and rewards for active participation/ staking.
9/ @naka_chain
Naka is a low-cost and lightning-fast Bitcoin Layer 2 blockchain designed for DeFi apps on Bitcoin, equivalent to an EVM, allowing developers to migrate DApps from Ethereum to Bitcoin with minimal changes.
Token - $NAKA
Price: $0.02381
CA: 0xfae30394a76796dc3df37c2714f5fc12083dfdb0
Key utilities:
• Holders get a 50% discount on Tx fees
• Governance Voting
• Community Incentives
• Partnership and Ecosystem Expansion
10/ @mintlayer
Mintlayer is a L2 solution that allows users to build a decentralized finance ecosystem rooted in the established network of the Bitcoin blockchain
Opens Bitcoin to DeFi, smart contracts, atomic swaps, NFTs, and dApps.
Token - $ML
Price: $0.4567
MC: $29,31M
CA: 0x059956483753947536204e89bfad909e1a434cc6
The ML token serves for: transaction fees and covering extra costs for token creation, staking and governance.
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