Top Three Altcoins Expected to Rise Alongside Bitcoin Pump
In his recent video, cryptocurrency analyst VirtualBacon explored the latest developments in the Bitcoin ecosystem, including ordinal runes, BRC2 tokens, and Bitcoin Layer-2 solutions, all geared towards improving Bitcoin’s functionality and scalability. He raised questions about potential investments in the sector and highlighted the projects driving Bitcoin adoption. VirtualBacon shared his top three altcoin picks that could see significant growth alongside Bitcoin’s upward movement.
First on the list is Core, an EVM blockchain integrated with Bitcoin’s delegated proof of work and powered by its core token. Launched in February 2023, Core already has a substantial portion of its token supply in circulation, setting it apart from newer projects. Despite initial price fluctuations, Core’s tokenomics are deemed superior within the Bitcoin layer 2 space. VirtualBacon sees an opportunity for re-entry during the token’s current consolidation phase.
Next, he discussed Tap Protocol, a meta protocol within the Bitcoin ecosystem offering enhanced flexibility and decentralization compared to other protocols like BRC 20s. Although still in its early stages, Tap Protocol showcases robust features and a decentralized indexer. The Tap token is set to launch soon via a token sale on CoinList, ensuring fair distribution. While Tap Protocol may not be as well-known as other layer 2 projects, it introduces a fresh perspective on top of Bitcoin.
Lastly, VirtualBacon recommended investing in Runes, advocating for a diversified portfolio of top Runes due to the technology’s nascent stage. He suggested exploring OKX, Magic Eden, or Uniswap for leading Runes and shared his holdings in various Runes like Doggo to the Moon, RC Rune, and Pups World Piece. Additionally, he holds smaller positions in Decentralized Rune, Satoshi Nakamoto Rune, and Bitcoin Wizards BRC2 token.
In conclusion, VirtualBacon’s insights shed light on promising altcoin opportunities within the ever-evolving cryptocurrency market, emphasizing the importance of diversification and staying informed on the latest developments.