Bittime, a crypto asset investment platform officially registered in Indonesia, has identified several altcoins and memecoins worth monitoring after the completion of the Bitcoin Halving event on Saturday, April 20th, 2024.

Bitcoin halving occurs every four years and is highly anticipated by all crypto asset market participants. During this period, the rewards for mining Bitcoin are reduced by half.

The halving also limits the supply of new BTC units to a total of 21 million coins. According to economic principles, a decrease in supply with high demand will drive prices up.

Bittime CEO Ryan Lymn stated that historically, Bitcoin halving strengthens the crypto asset market in the medium to long term.

He emphasized that while halving is a significant event, one should not expect instant price surges in the market.

Ryan added that an interesting aspect of halving is the possibility of a shift in performance towards altcoins and memecoins, providing market participants with the opportunity to optimize their portfolio performance.

Product Manager at Bittime, Fransiskus Bupu Awa Du’a, mentioned that they have been closely monitoring the market conditions before and after the halving event. He noted many dynamics surrounding this halving compared to previous ones.

5 Tokens Worth Monitoring Related to Bitcoin Halving

The Bittime research team continuously monitors the crypto asset market and has observed interesting developments following the halving event. One of these is the record-breaking price increase of Bitcoin before the halving occurred, which differed from previous halving events.

Fransiskus explained that this factor contributed to the somewhat subdued post-halving momentum for Bitcoin, especially with other global economic and geopolitical sentiments affecting the market.

He further highlighted that several other projects have generated market enthusiasm in the absence of strong Bitcoin momentum post-halving. These projects are considered worthy of monitoring as promising tokens following this year's halving.

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 sacrificing decentralization principles. The project supports enterprise-scale applications and has garnered various industry collaborations in real-world asset tokenization (RWA) and central bank digital currency (CBDC) projects.

Hedera has seen a significant 46% increase in value in the past week, following the tokenization announcement of BlackRock ICS US Treasury products on the Hedera blockchain, showcasing practical technology adoption.

Ondo Finance (ONDO) Backed by BlackRock

Ondo Finance is a DeFi project focused on facilitating blockchain-based financial product access, with an emphasis on real-world asset tokenization and providing liquidity in the decentralized financial ecosystem. Ondo aims to make institutional-grade financial products more accessible to individual investors, supported by financial corporations such as BlackRock and Pacific Investment Management Company (PIMCO).

The ONDO token has shown a positive growth trend, rising by up to 10% in the past week, reflecting high interest in real-world asset tokenization innovation through blockchain technology.

Akash Network (AKT) for Cloud Sector

Akash Network operates a decentralized cloud computing platform aiming to provide a cheaper and more open alternative compared to conventional cloud providers. The platform enables users to utilize unused computing power globally.

Akash Network has experienced a 28% price increase in the past week, solidifying its position as a potential leader in offering efficient and scalable decentralized cloud solutions.

Pepe (PEPE) Boosted by Popular Meme

Pepe is a token inspired by the popular internet meme, striving for wider legitimacy and adoption in the crypto world. The project continues to attract attention amid the rising trend of meme involvement in crypto investments.

Pepe has surged by 49% in the past week, particularly after Coinbase Derivatives announced the inclusion of Pepe futures in their trading list, a significant validation for the token in the broader market.

Shiba Inu (SHIB) Ahead of Shibarium

Shiba Inu, known as the "Dogecoin Killer" meme coin, is part of a larger ecosystem involving other tokens and decentralized projects. It has a significant crypto community base.

SHIB token has witnessed a 16% price increase in the week leading up to the scheduled launch of Shibarium on May 2, 2024, expected to enhance network scalability and functionality, sparking new interest and investments in the token.