Bittime: These 5 Tokens Are Worth Monitoring After Bitcoin Halfing

Illustration. (Photo: Unsplash)

JAKARTA - Bittime, a crypto asset investment platform that is officially registered in Indonesia, assesses that currently there are several altcoins and memecoins that deserve to be monitored after Bitcoin breaking is complete.

As is known, Bitcoin breaking has been completed on April 20. Halving is an activity that occurs once every four years and is awaited by all crypto asset market players. In this time, the reward for mining Bitcoin crypto assets will be cut.

Bitcoin halving will also limit the supply of BTC coins, which in total have been determined by 21 million coins. According to economic law, reduced supply with large demand will make prices rise.

Bittime CEO Ryan Lymn said, historically Bitcoin halving will make the crypto asset market strengthen in the medium to long term. He stated, although halling is one of the fastest events, the market should not expect an instant increase.

It is worth understanding that strengthening the crypto asset market after Bitcoin halving is not instant. If you look at historical data, the strengthening will run in the medium and long term. And in our opinion it is a good one, compared to short fluctuations only," he said, Monday, April 29.

Ryan added that the interesting side of halving is the possibility of shifting performance to altcoins and memecoins. This can still make crypto asset market players able to maximize their portfolio performance.

"What's interesting about the crypto asset market is, when the main coins are still trying to adjust to halving, there are other crypto assets that can be an alternative by showing good performance," he said.

Bittime Product Manager, Fransiskus Bupu Awa Du'a said his party had monitored market conditions from before Halving until the incident was over. He assessed that many of the dynamics that occurred in this busking, compared to before.

The Bittime research team monitors the crypto asset market at all times, and many interesting things during this event. One of them is that this time the price of Bitcoin (BTC) is able to set a record high before halving occurs. Unlike before, "he said.

Francis explained that this was one of the factors that made Bitcoin's driving power not so big after halfing. Especially now that there are many other sentiments ranging from macroeconomic to geo-political to heated situations in the Middle East.

"Interestingly, when post-halving Bitcoin's thrust appears not optimal, there are several other projects that are able to provide market enthusiasm. We assess that these projects should be monitored after this year's halling," he explained.

Hedera (HBAR)

Hedera is a public blockchain network that utilizes hashgraphs, an alternative consensus algorithm for traditional blockchains, which offers high speed and security without compromising the principle of decentralization. The project is designed to support applications on an enterprise scale and has attracted various industrial collaborations in both the real world asset tokenization field (RWA) and the central bank digital currency (CBDC) project.

In the past week, Hedera recorded a significant increase of 46 percent. This increase comes after the announcement of BlackRock ICS US Treasury's money market product tokenization on the Hedera blockchain, which shows the adoption and practical application of their technology.

Ondo Finance (ONDO)

Ondo Finance is a DeFi project that aims to facilitate access to blockchain-based financial products, focusing on tokenization of real world assets (RWA) and providing liquidity in a decentralized financial ecosystem. Ondo works to make institutional-level financial products more accessible to individual investors sponsored by several financial corporations such as Blackrock, Pacific Investment Management Company (PIMCO).

ONDO tokens have shown positive growth, up to 10 percent in the past week, reflecting on high interest in innovation in real-world asset tokenization through blockchain technology.

Badminton Network (AKT)

Badminton Network operates a decentralized cloud computing platform that aims to provide cheaper and more open alternatives than conventional cloud providers. This platform allows people to take advantage of unused computing capacity worldwide.

Badminton Network recorded a price increase of 28 percent in the past week, which confirmed its position as a potential leader in providing decentralized cloud solutions that are efficient and have good scalability.

Pepe (PEPE)

Pepe is a token inspired by popular internet memes, which are now seeking to gain broader legitimacy and adoption in the crypto world. The project continues to draw attention to the trend of memes becoming more popular in crypto investments.

Pepe noted a 49 percent price spike in the past week, especially after the announcement that Coinbase Derivatives, one of the largest crypto exchanges in the US, would include Pepe's futures on their trade list. This is considered a major validation for this token in a wider market.

Shiba Inu (SHIB)

Shiba Inu is a coin meme known as "Dogecoin Killer" and part of a wider ecosystem that includes other tokens and decentralized projects. It is a meme-based token that has developed and has a sizable crypto community.

The SHIB token saw a 16 percent increase over the week ahead of Shibarium's launch, a hard fork scheduled for May 2, which is expected to increase network scalability and function, sparking renewed interest and investment in tokens.

To note, Bittime has been operating since 2022 and currently provides hundreds of crypto assets with cheap transaction fees and admin fees. In addition, Bittime also has attractive product features to meet user needs. Most recently, Bittime lists several coins that are being loved by the market, including TNSR, OMNI, CTC, NEON, and CFG.