Bitcoin

<p>A cryptocurrency analyst, known as <a href="https://x.com/VirtualBacon0x/status/1801045433537458427" target="_blank" rel="noopener noreferrer nofollow">VirtualBacon</a>, is making a bullish case for several altcoins that stand to benefit significantly when Bitcoin’s price begins its next major upswing. In a long X thread, the analyst expanded on the flourishing Bitcoin ecosystem, highlighting innovations such as Runes, BRC-20 tokens, and Ordinals that are poised to gain traction during Bitcoin’s next leg up.</p>
<h2 class="wp-block-heading" id="the-rise-of-bitcoin-s-programmable-layer">The Rise of Bitcoin’s Programmable Layer</h2>
<p>According to VirtualBacon, the Bitcoin ecosystem is currently one of the most fascinating narratives in the crypto space. While Bitcoin was initially designed as a store of value and medium of exchange, lacking programmability, recent innovations aim to introduce decentralized finance (DeFi) functionalities to the world’s largest cryptocurrency.</p>
<p>These developments include smart contract layers or programmable meta-protocol layers, enabling token issuance, staking, decentralized exchanges, lending, and more. The focus is on utilizing idle Bitcoin in wallets and non-exchanges to create a wealth effect benefiting Bitcoin and the entire crypto space.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="three-altcoins-to-watch">Three Altcoins to Watch</h2>
<p>In his analysis, VirtualBacon highlights three altcoins that he believes will benefit the most from the growth of the Bitcoin ecosystem:</p>
<ol>
 <li><strong>CoreDao (CORE):</strong> CoreDao is an Ethereum Virtual Machine (EVM) blockchain built and powered by Bitcoin, combining delegated proof-of-work from Bitcoin mining pools with proof-of-stake using its CORE token. VirtualBacon is particularly bullish on CoreDao due to its extended presence, mature tokenomics, and attractive re-entry point after recent consolidation.</li>
 <li><strong>Tap Protocol (TAP):</strong> Unlike an EVM layer, Tap Protocol is a meta-protocol similar to Bitcoin Runes, Ordinals, and BRC-20s, offering more flexibility and decentralization. Tap introduces a new generation of fungible tokens on top of Ordinals, allowing for the creation and management of <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="meme" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">meme</a> coins, stablecoins, and more. Its comprehensive functionality includes minting, transferring, staking, bridging, distributing, and airdropping tokens with low fees.</li>
 <li><strong>Bitcoin Runes: </strong>Rather than betting on a single Rune, VirtualBacon suggests having a basket of the top Runes to leverage this emerging technology. He currently holds six Runes in his portfolio, including DOG•GO•TO•THE•MOON, RSIC•GENESIS•RUNE, PUPS•WORLD•PEACE, DECENTRALIZED, SATOSHI•NAKAMOTO, and the Bitcoin Wizards BRC-20 Token.</li>
</ol>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/bitcoin-price-prediction-will-72k-target-trigger-summer-rally-analyst-warns-of-these-key-btc-levels/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Price Prediction: Will $72K Target Trigger Summer Rally? Analyst Warns of These Key BTC Levels</a></em></strong></p>
<h2 class="wp-block-heading" id="bitcoin-s-evolving-ecosystem-holds-major-promise">Bitcoin’s Evolving Ecosystem Holds Major Promise</h2>
<p>VirtualBacon notes that the top two exchanges in Asia, Binance and OKX, are heavily investing in and promoting the Bitcoin ecosystem. Their support and the interest from the Asian crypto audience have already driven significant price surges in projects like Ordinals (ORDI).</p>
<p>The analyst believes that unlocking Bitcoin’s liquidity for DeFi is an exciting prospect. As Bitcoin’s market cap grows, even a small percentage of that liquidity bridging to Layer-2s, Layer-1s, and sidechains will create a thriving ecosystem for new tokens and projects. This massive liquidity injection is why VirtualBacon is so bullish on Bitcoin DeFi.</p>
<p>While acknowledging challenges with new token dynamics and low circulating supply for some projects, the analyst remains optimistic about the future of Bitcoin innovation and the potential for substantial gains in the altcoins mentioned.</p>
<p><em><strong>Join <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="aethir" href="https://captainaltcoin.com/go/aethir/" data-shortcode="true">Aethir’s exclusive airdrop</a> and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!</strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/bitcoin-btc-price-will-eventually-pump-and-these-altcoins-will-benefit-the-most/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Will Eventually Pump, and These Altcoins Will Benefit the Most</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Bitcoin (BTC) Price Will Eventually Pump, and These Altcoins Will Benefit the Most

Table of Contents

CaptainAltcoin

Other articles published on Jun 13, 2024

Top 5 AI Coins on Solana

Bitcoin, Presently Using 0.66% Of World’s Electricity, Can Help Balance The Grid

BlockDAG’s Global Takeover: 30,000x ROI Craze Eclipses Solana and NEAR’s Growth

Cryptocurrencies used in gambling are now illegal in Australia.

Experts Discuss Moscow Stock Exchange Issues and Cryptocurrency Adoption in Russia

May crypto investments hit $1B driven by Notcoin launch — KuCoin

Join our free newsletter for daily crypto updates!