Bittime Sebut Ada 5 Token Layak Dipantau Usai Bitcoin Halving, PEPE dan SHIB Termasuk?

Crypto Exchange Bittime Highlights 5 Tokens to Watch After Bitcoin Halving

In the wake of the recent Bitcoin halving on April 20, 2024, Bittime, an officially registered cryptocurrency investment platform in Indonesia, has identified several altcoins and memecoins worthy of attention.

Bitcoin Halving and Its Impact

The Bitcoin halving, an event that occurs every four years, involves reducing the reward for mining Bitcoin by half. This action limits the supply of new BTC units, which is capped at 21 million coins. According to economic principles, reduced supply with high demand typically leads to price increases.

Bittime CEO Ryan Lymn notes that historically, Bitcoin halvings have strengthened the cryptocurrency market in the medium to long term. However, he cautions against expecting an immediate surge.

"It's important to understand that the strengthening of the cryptocurrency market after the Bitcoin halving is not instantaneous," Lymn said. "Based on historical data, the strengthening will occur in the medium to long term. We believe this is a positive development compared to short-lived fluctuations, including those related to the tokens we're monitoring."

Shifting Performance to Altcoins and Memecoins

Lymn highlights the potential for a performance shift towards altcoins and memecoins following the halving. This dynamic offers opportunities for cryptocurrency investors to optimize their portfolio performance.

"What's interesting about the cryptocurrency market is that while major cryptocurrencies are still adjusting to the halving, there are other cryptocurrencies that are emerging as alternatives by demonstrating strong performance," he said.

5 Tokens to Monitor

Bittime's Product Manager, Fransiskus Bupu Awa Du'a, emphasizes the importance of monitoring market conditions before and after the halving. He observed several dynamics in this halving compared to previous ones.

"Bittime's research team monitors the cryptocurrency market constantly, and there are many interesting aspects to this particular halving," Du'a said. "One notable difference is that Bitcoin (BTC) reached an all-time high before the halving, unlike in previous instances."

Du'a explains that this factor may have tempered the momentum for Bitcoin post-halving, especially given the influence of macroeconomics and geopolitical tensions in the Middle East.

"Interestingly, while Bitcoin's momentum after the halving appears to be less than optimal, there are other projects that have generated market enthusiasm," he said. "We believe these are the projects that should be monitored after this year's halving as tokens of interest."

1. Hedera (HBAR) for RWA and CBDC

Hedera is a public blockchain network that utilizes hashgraph, an alternative consensus algorithm to traditional blockchains, offering high speed and security without compromising decentralization. It is designed for enterprise-scale applications and has attracted collaborations in tokenizing real world assets (RWA) and central bank digital currency (CBDC) projects.

2. Ondo Finance (ONDO) Backed by BlackRock

Ondo Finance is a DeFi project that aims to simplify access to blockchain-based financial products, focusing on RWA tokenization and providing liquidity in the decentralized finance ecosystem. Ondo works to make institutional-grade financial products more accessible to individual investors and is backed by financial corporations such as Blackrock and Pacific Investment Management Company (PIMCO).

3. Akash Network (AKT) for the Cloud Sector

Akash Network operates a decentralized cloud computing platform that aims to provide a cheaper and more open alternative to conventional cloud providers. It enables individuals to leverage unused computing capacity worldwide.

4. Pepe (PEPE) Boosted by Popular Meme

Pepe is a token inspired by the popular internet meme, which is now seeking wider legitimacy and adoption in the crypto world. The project continues to gain attention as meme trends become more prevalent in crypto investments.

5. Shiba Inu (SHIB) Ahead of Shibarium

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

SHIB has experienced a 16% price increase in the week leading up to the scheduled launch of Shibarium on May 2, 2024, which is expected to enhance the network's scalability and functionality, sparking renewed interest and investment in the token.