Bitcoin halving driving crypto volatility: 5 tokens to monitor before the BTC rewards cut
The Bitcoin halving is a monumental event in which the Bitcoin block reward provided to miners is slashed in half, reducing the number of newly minted coins entering the market by 50%.
The next Bitcoin block halving is expected to occur in April 2024, when the block reward will be slashed from 6.25 BTC to 3.125 BTC per block.
With the halving imminent, traders are now rushing to position themselves in tokens they believe can benefit from the crypto volatility. Here are the five tokens you could monitor before the BTC rewards cut.
Green Bitcoin ($GBTC)
Spotlight WireGreen Bitcoin ($GBTC) is one of the most promising altcoin projects to watch ahead of the Bitcoin rewards cut as experts believe its unique Gamified Green Staking ecosystem can cause a supply shock for the token, helping its price to pump.
Green Bitcoin is bringing back the predict-to-earn market, allowing its users to stake $GBTC to place Bitcoin price predictions and earn rewards for accurate forecasts. The rewards are provided through the daily mining rewards pool, which has been funded with 27% of the total supply to provide rewards for the next two years.Those staking their $GBTC for more extended periods earn higher rewards, providing users significant incentives to stay locked in the ecosystem for more extended periods. As a result, experts believe that its staking mechanism will cause a supply shock on the open market for $GBTC following its presale, resulting in newcomers being forced to pay higher prices if they want to participate in the predict-to-earn ecosystem.An impressive 63% of the total circulating $GBTC has already been staked during its fundraising. As a result, experts are expecting a sudden price pump alongside Bitcoin in the coming weeks.
The token is undergoing a presale and can be purchased on the project’s website using $ETH, $USDT, or a credit/debit card.
Buy $GBTC today.
Dogecoin20 ($DOGE20)
Spotlight WireDogecoin20 is another token to watch before the BTC reward rate cuts. $DOGE20 launched its presale in mid-March and instantly became a hit after raising an impressive $2 million in just four days, demonstrating the building hype behind this Dogecoin upgrade.
Dogecoin20 is pushing Dogecoin into a sustainable future by introducing the proof-of-stake mining algorithm to the Doge-related meme coin sector. This is an environmentally friendly alternative to the proof-of-work algorithm, making Dogecoin20 a greener alternative to Dogecoin.
The PoS mechanism also introduces the concept of staking, allowing $DOGE20 holders to earn a passive income by staking their tokens. The team has allocated 15% of the total tokens supply to provide the reward for the next two years.
Dogecoin20 also ends the infinite inflation problem experienced by Dogecoin by utilising a 140 billion $DOGe20 supply limit.
Overall, $DOGE20 is a hot new dog-base meme coin to watch in 2024.
Smog Token ($SMOG)
Spotlight WireSmog Token ($SMOG) is one of the hottest trending cryptocurrency coins right now and is continuing to turn heads from traders within the meme coin sector. With the BTC rewards cut incoming, $SMOG is worth watching as it gears up for its upcoming airdrop.
Traders are particularly excited about Smog Token because it’s hosting a historic airdrop. An enormous 35% of the total supply will be distributed to all $SMOG holders. The project allows holders of $SMOG to accumulate airdrop points to be eligible for the free token distribution.
Furthermore, users can also participate in the ongoing Zealy campaign to receive the airdrop. With well over 1 million Zealy quests completed, it’s clear that traders are keen to get positioned in the upcoming airdrop through multiple routes.
With $SMOG now being a multi-chain meme coin, compatible with Solana and Ethereum, the project can be purchased on both chains. The best place to buy it is OTC through the project’s website, which offers a 10% discount.
Sponge Token ($SPONGE)
Spotlight WireSponge Token ($SPONGE) is also worth monitoring ahead of the BTC rewards cut, as its successful track record has proven it can perform and deliver on its goals.
$SPONGE was one of the biggest successes of the May 2023 bear market, providing its early adopters 100x returns after it exploded to reach a $100 million market cap. The project’s popularity and success caused a flurry of top-tier exchanges like BitGet and MEXC Global to list the token.
Now, $SPONGE has announced its return with a V2 upgrade that’s expected to be bigger and better than ever, providing a second chance to position itself in its extraordinary ride.
Interestingly, the project isn’t hosting a traditional presale for its V2 upgrade. Instead, it’s introduced a unique stake-to-bridge utility, requiring users to lock V1 $SPONGE in a bridge to receive an equivalent amount of V2 $SPONGE once it launches.
With over $30 million entering the bridge, investors expect huge things for this V2 upgrade. If you don’t own $SPONGE, you can buy it on the project’s website and have it automatically staked.
Buy $SPONGE today.
Theta Network
Spotlight WireTheta Network ($THETA) is a promising altcoin that experts are also monitoring ahead of the next Bitcoin block halving.
Theta continues to be one of the most promising altcoin projects surrounding the decentralised streaming ecosystem, which provides rewards for everybody who is helping to decentralise the world of online videos.
The technology behind Theta Network is groundbreaking. It combines technical and economical solutions to help eliminate centralised entities like YouTube and Twitch from the online streaming industry.
With the block halving coming, Theta will continue to lead the charge in creating decentralised entertainment content delivery networks built by its people, making it a token to be watched over the next few weeks.
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