Bitcoin Ecosystem Tokens RUNE, STX, and ORDI Could Rise After Halving, According to Analysts

Crypto News – A flurry of wagers on related networks and ecosystem tokens may occur ahead of Bitcoin’s highly anticipated halving event later this month, with traders anticipating upside on both technical and meme coin ventures.

Bitcoin Ecosystem Tokens RUNE, STX, and ORDI Could Rise After Halving, According to Analysts

With money narratives constantly shifting in the present optimistic environment, according to cryptocurrency traders, players are looking for a reason to purchase. In the upcoming weeks, they may shift their attention to the Bitcoin ecosystem.

There exists a large, untapped pool of capital within the Bitcoin ecosystem that remains dormant, and surprisingly few listed assets that traders can use to gain exposure to the narrative. Should capital begin to rotate into the Bitcoin ecosystem, tokens like $RUNE, $STX, and $ORDI could benefit significantly and outperform,

the OTC desk of trading firm Wintermute

Meme Coins Could Potentially Be a Risk for the Bitcoin Ecosystem

According to CoinGecko data, which tracks the ascent of Bitcoin, THORChain’s RUNE and Stack’s STX have been among the top-performing tokens over the past year. Meme Coin Ordi (ORDI) has increased by more than 2,500% since it was released in September. In the meantime, meme coins and the impending Runes protocol could stir up riskier bets in the Bitcoin ecosystem, according to an email from Bartosz Lipinski, the creator of the cryptocurrency trading platform Cube.Exchange.

Ethereum’s high costs and significant network congestion will cause it to take a backseat as Bitcoin-based projects, like Rune, will redirect meme coin hype to the Bitcoin ecosystem because of the novelty. The BRC-20 (Ordinals NFT) standard is likely to be overtaken by Runes, which is expected to launch on the day of the halving. Runes will aim to replace the standard with fungible tokens, which will enable the efficient creation of meme coins to compete with projects on Base and Solana.

Lipinski