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Projects that should not be overlooked after Bitcoin Halving
The market is entering a major adjustment period in the days approaching the Halving, causing a series of projects to drop sharply. This is both a challenge and an opportunity for everyone to put good projects in their cart that they are missing. Among the top recent outstanding projects, there are 9 infrastructure projects, focusing on a variety of different narratives such as DePIN, RWA, and Restaking. So what are the projects you need to pay attention to? Find out with CoinViet in the article below
Zeus Network is the first Communication Layer project on the Bitcoin ecosystem, serving as a connection between the Bitcoin ecosystem and Solana. Zeus Network inherits the fast transaction speed, security, and good scalability of the Solana network, combined with abundant liquidity on the Bitcoin network, thereby opening up huge opportunities for investors and investors. DApp developers on both networks. This project has raised $8 million from prominent names such as OKX Ventures, Animoca Brands, and other investment funds. Recently, Zeus Network was launched on Jupiter, with 167,500,000 Zeus, equivalent to 5% of the total supply, for sale in the price range from 0.3 to 0.85 dollars. Currently, the price of Zeus is ~ $0.8 with a Market Cap of about $130 million. According to CoinViet's assessment, this is still a very cheap price for you to invest.
BVM is a modular layer 2 of the Bitcoin network, providing infrastructure that allows developers to deploy smart contracts from Ethereum to the Bitcoin network. To do this, BVM used technology from OP Stack, which helps the Bitcoin network have good scalability. Currently, BVM's market cap is in the range of more than 500 million. Everyone can watch for price drops to support areas and consider buying to catch the wave of Bitcoin Halving.
Another project in the Bitcoin ecosystem, Mubi is a Crosschain solution belonging to the Brc-20 narrative that allows users to transfer Brc-20 tokens on Bitcoin to Ethereum's ERC-20. Thanks to that, Mubi helps expand the Bitcoin ecosystem, increasing liquidity for this network. Mubi is cooperating with several prominent projects in the Bitcoin ecosystem such as Brc20.com, Zoopia, and Bitstable,... Mubi's current market cap is about $150 million, still quite cheap compared to similar projects. segment.
The last project on this list is Ethereum POW, Ethereum's Hard Fork of Proof Of Work. ETHW has a market cap of $644 million, not too cheap compared to other POW projects. However, according to CoinViet's assessment, ETHW still has a lot of room to develop in this Halving period, when in history, every Halving period has witnessed a remarkable growth of narrative POW projects. Another interesting insight is that the ETHW project team has announced its dissolution. This seems to be the end of ETHW, but looking back at the past, ETC also had similar events and still grew enormously when uptrend. arrive
The entry price for this order is very attractive as some analysts believe that ONDO's reasonable price is in the range of 0.4-0.7 USD. With a significant investment beyond the expected scope, Lookonchain suspected the whale had an insider.
Someone created a new wallet 27 hours ago and withdrew 1,870.68 $ETH ($5.7M) from #Gemini .
Then he spent the 1,870 $ETH ($5.7M) to buy 6M $ONDO at an average price of $0.95 in the past 27 hours.
Does this guy know something that we don't? https://t.co/3ZQ6s6SnVM pic.twitter.com/G1udIF8Mhw
— Lookonchain (@lookonchain) May 17, 2024
This transaction attracted the attention of the crypto community and ONDO, the native token of Ondo Finance, skyrocketed 11% immediately after the purchase.
However, ONDO has dropped after the latest bounce and is trading below the $1 threshold at the time of writing. However, ONDO is still increasing by more than 19% over the past week.
Crypto analyst Mags commented on the price movement, sharing analysis on the next price target for ONDO.
“If the price closes above 1 USD, the next target will be 1.4 USD and 2.7 USD or more.”
$ONDO keeps printing up +131%
$1.5 Incoming, Binance listing soon 👀 https://t.co/bF8lznNDOP pic.twitter.com/5v95S4aZvn
— Mags (@thescalpingpro) March 25, 2024
A whale created a new wallet on May 16 and withdrew 1,870.68 ETH (worth $5.7 million) from the Gemini cryptocurrency exchange to buy 6 million ONDO tokens at an average price of 0, 95 USD.
The entry price for this order is very attractive as some analysts believe that ONDO's reasonable price is in the range of 0.4-0.7 USD. With a significant investment beyond the expected scope, Lookonchain suspected the whale had an insider.
Someone created a new wallet 27 hours ago and withdrew 1,870.68 $ETH ($5.7M) from #Gemini .
Then he spent the 1,870 $ETH ($5.7M) to buy 6M $ONDO at an average price of $0.95 in the past 27 hours.
Does this guy know something that we don't? https://t.co/3ZQ6s6SnVM pic.twitter.com/G1udIF8Mhw
— Lookonchain (@lookonchain) May 17, 2024
This transaction attracted the attention of the crypto community and ONDO, the native token of Ondo Finance, skyrocketed 11% immediately after the purchase.
However, ONDO has dropped after the latest bounce and is trading below the $1 threshold at the time of writing. However, ONDO is still increasing by more than 19% over the past week.
Crypto analyst Mags commented on the price movement, sharing analysis on the next price target for ONDO.
“If the price closes above 1 USD, the next target will be 1.4 USD and 2.7 USD or more.”
$ONDO keeps printing up +131%
$1.5 Incoming, Binance listing soon 👀 https://t.co/bF8lznNDOP pic.twitter.com/5v95S4aZvn
— Mags (@thescalpingpro) March 25, 2024
Fantom (FTM), a once famous layer-1 blockchain, is receiving attention again ahead of an important upgrade called Sonic.
On the evening of May 17, the Fantom Foundation posted an important governance proposal, announcing to the community a new project called Sonic Network (S). Sonic Network is a new layer-1 blockchain developed by Fantom on the new Sonic technology platform, replacing Fantom's old Opera version.
https://x.com/FantomFDN/status/1791517798205907116
Once the Sonic Network is deployed, FTM holders will be able to redeem tokens 1:1 for the Sonic network currency called S. Those who do not want to redeem can still continue to hold FTM. However, the Fantom Foundation encourages users to migrate to the new network as all the attention and development effort of the project will be transferred here.
The rest of the proposal retains the changes that were mentioned in the Sonic upgrade announcement at the beginning of the year.
Both Fantom's FTM and TVL token prices have increased more than 30% in the last 7 days, the clearest signal that money is being poured back into the project.
Specifically, while the FTM price increased from 0.64 USD to 0.84 USD, the value locked (TVL) of Fantom increased to 200 million USD on May 16, before decreasing to 129 million USD at the time of writing. This is the highest TVL level that Fantom has achieved since July 2023, when the Multichain hack occurred, causing heavy damage to the ecosystem.
