Bitcoin Sideways, These Are Three Potential Crypto Assets Move Positively After Halfing

After breaking, the price of Bitcoin tends to move stagnantly or sideways. Launching CoinMarketCap, the price of Bitcoin was corrected 9.7 percent during the week at the level of 57,790 US dollars (Rp936 million) on May 2, 2024.

However, Fahmi Almuttaqin, Crypto Analyst Reku believes the positive potential and recovery of the crypto market in the second quarter (Q2) is still very open, given historically that the Bitcoin halving moment does not automatically cause the price of Bitcoin to soar.

Inhaling in previous years, Bitcoin had different price movements. Bitcoin tends to start a true rally between 1 to 5 months after halving occurs, "explained Fahmi.

Amid the tendency to stagnate Bitcoin price conditions, based on the Crypto Outlook Quarter-II report launched by Reku, there is a potential for an increase in trends in a number of narratives, including AI Narratives and

AI Narrative

Fahmi explained that the implementation of AI innovation in the blockchain industry also encourages increased market attention. In addition, increased investment from well-known institutional investors, both in the form of equity and crypto assets, to technology developers and AI-based applications, also increases credibility in projects in this sector.

The narration of DePIN

DePIN (Decentralized Physical Infrastructure Network) is a term that refers to projects that develop ecosystems to integrate real-world storage, management, and data operations with blockchain technology so that they can be accessed more openly.

According to Fahmi, the DePIN narrative has the potential to grow significantly with increasing investor attention to the importance of decentralization and data infrastructure improvement in blockchain-based applications they use.

Restaking Narrative

Restaking brings new breaths to climate staking, especially for ETH. The Restaking concept allows investors to re-stating the same crypto assets on different platforms and get more rewards.

"So, the potential for increasing staking gifts for ETH owners can make ETH more in demand," concluded Fahmi. Thus, crypto assets such as Ethereum (ETH), Ether.Fi (ETHFI), Altlayer (ALT), Pedle (PENDLE), LidoDAO (LDO) became several tokens that could potentially grow positively due to the Restaking narrative.