What is the most likely 100 times Bitcoin halving in 2024?

Looking at the previous Bitcoin halvings, there will be some ten-fold, hundred-fold or even thousand-fold cryptocurrencies on the market. If investors seize the opportunity in time, the gains in this bull market will be very considerable. Compared with ten times and thousand times, hundred times coins are the focus of investors' attention. Especially in 2023, many hundred times coins projects have been born, which makes everyone think about the most likely hundred times coins for Bitcoin's halving in 2024. What is it? We are very concerned about it. At present, it is mainly in the fields of L2, RWA, BRC20, AI artificial intelligence and other fields. The editor will talk about it in detail below.

What is the most likely 100 times Bitcoin halving in 2024?

Based on current market data analysis, the most likely 100x coins for Bitcoin’s halving in 2024 are mainly concentrated in L2, RWA, BRC20, AI artificial intelligence and other fields, such as MATIC, NEAR, IMX, MKR , SNX, FET, AGIX, ORDI, FIL, LINK, etc. The following is a detailed introduction of the currencies:

1, MATIC

MaticNetwork is now renamed Polygon. Polygon is a protocol and framework for building and connecting Ethereum-compatible blockchain networks. Aggregate scalable solutions on Ethereum to support the multi-chain Ethereum ecosystem.

Matic Network is a second-layer scalability platform that enables fast, simple and secure off-chain transactions, not only payment transactions, but also generalized off-chain smart contracts. MaticNetwork is a significant contributor to the Ethereum ecosystem, with outstanding contributions to the implementation of Plasma MVP (Plasma Minimum Running Minimum), the WalletConnect protocol and the Ethereum event reminder engine - Dagger. Matic tokens are used for stake staking and participating in the proof consensus mechanism of the side chain network.

2. NEAR

NEAR Protocol is a highly scalable basic protocol that ensures that it can support DApp operations quickly enough on mobile devices. NEARProtocol allows developers to build mobile blockchain DApps and run them locally on users, while providing developers with important information about DApps. Through state sharding, the blockchain is allowed to scale linearly with the number of nodes in the network, with the goal of 100kTPS based on 1 million mobile nodes. NEAR is used to pay for validators, which provide scarce computing and storage resources to the network.

3, IMX

ImmutableX is a second layer (L2) scaling solution for NFTs on Ethereum, with instant transactions, massive scalability, and zero gas for minting and trading fees, all without impacting the security of users or assets. IMX is an ERC-20 utility token built to reward ImmutableX network activities such as trading, liquidity provision and building applications.

4, MKR

MakerDAO is a decentralized autonomous organization and smart contract system on Ethereum, providing the first decentralized stable currency Dai on Ethereum. DAI is a hard currency backed by digital asset collateral and remains anchored at 1:1 to the US dollar. MKR is the management token and utility token of the Maker system, which is used to pay the stability fee of borrowing Dai and participate in the management system. Unlike the Dai stable currency, due to its unique supply mechanism and role on the Maker platform, the value of MKR is closely related to the performance of the entire system. The decentralized stable currency Dai has key applications in mortgage lending, leveraged trading, hedging, international remittances, supply chains and government public accounting.

5, SNX

Synthetix (formerly known as: Havven) is designed for engineers to build decentralized and trustless networks. Synthetix NetworkToken (SNX) token supports a variety of comprehensive assets, including: fiat currencies pegged to the U.S. dollar, precious metals, indices and even other cryptocurrencies.

6. FET

Fetch token is a quantitative divisible token used by the Fetch.AI network as a digital currency required for any transaction or secure communication and other network operations. In addition, nodes and agents need to mortgage certain tokens in exchange for specific operating qualifications (a security mechanism to prevent malicious behavior).

7, AGIX

SingularityNET (AGI) hard fork and token swap, and AGIX will be distributed according to the ratio of 1 AGI = 1AGIX. SingularityNET is a decentralized platform for artificial intelligence. The platform provides a series of services based on blockchain AI to institutions or individuals who do not have the conditions to independently develop artificial intelligence, covering marketing, publicity, games, There are many industry fields that require the participation of artificial intelligence, such as VR, personal assistants, and driverless driving. Simply put, SingularityNET is an application store about artificial intelligence.

8, ORDI

Ordi is the first and most valuable BRC-20 token on BTC. To understand Ordi, you must first understand the inscription. Inscriptions are created by writing content to satoshis using the Ordinals protocol. Inscriptions do not require the use of separate tokens, sidechains, or changes to Bitcoin;

What the Ordinals protocol does is write information to each satoshi. , such as text, pictures, audio and video, etc. Due to the Bitcoin block size limit, the information mainly inscribed (that is, mint) is mainly text and pictures, that is, in the form of NFT and token.

9, FIL

Filecoin is a token on IPFS, and Filecoin is a way to reward miners by donating idle hard drives. Filecoin uses a brand new algorithm (proof of work). Simply put, if the hard disk capacity you have is large enough, the more Filecoin rewards you will get.

10, LINK

LINK is an ERC20 standardized token based on the Ethereum blockchain, used to pay Chainlink node operators to retrieve data from off-chain data and format the data In a blockchain-readable format, off-chain computing and guaranteed uptime. Chainlink tokens are used as part of running nodes to protect against bad actors.

With the coming of Bitcoin halving, what are the 10x and 100x coins that cannot be ignored in the future bull market?

In the current encryption market, hot new projects often appear suddenly, leaving investors with very limited reaction time. This means you have to get in within a few hours to have any chance of making a decent return in the short term.

For example, take the recently popular Tigtime chain game project. It increased 6 times on the first day it went online, and then increased 4 times the next day. times, the price is currently at a high level and moving sideways. As the project attracted a large number of short-term investors, the project team had to urgently adjust the production rules of game tokens to avoid risk bubbles caused by excessive short-term increases.

There are too many people applying for new projects, and there are so many old projects that it’s like looking for a needle in a haystack. Today I want to tell you how to screen coins with 100 times potential?

Reference standards:

①Good fundamentals, belonging to a hot sector, preferably the sector leader;

②Have good narrative ability, ecological sustainable development;

③The market value cannot be too large

Three Don’ts for long-term altcoin layout

1. Avoid cryptoassets that have too large a market value or have experienced a surge, because they may have reached their peak. There may be alternatives with greater potential in the next cycle.

2. Also do not involve crypto assets with too low market value, lack of attractiveness and narrative ability. While success stories like Shiba Inu are possible, such cases are in the minority, and in most cases these assets can result in investor losses.

3. Avoid choosing concepts that are too old and lack innovation, because in the field of cryptocurrency, new concepts are usually more likely to arouse market enthusiasm than old concepts. Try to choose projects that are novel, because old projects are usually accompanied by many investors who are stuck.

With the coming of Bitcoin halving, let’s list some counterfeit varieties that are 10-100 times lower

L2 track: ARB

Current total amount: 1.027 billion

Peak valuation: around 160 billion

Reasons to be optimistic:

1. In the L2 field, TVL currently ranks 4th, occupying all At the top of the list of data, the Ethereum (ETH) ecosystem is unrivaled as a public chain. ARB has an outstanding position on ETH and supports the largest number of native protocols. With the implementation of the Cancun upgrade, handling fees have dropped significantly and the ecosystem has become more prosperous, so ARB is one of the most investment-worthy projects in the L2 field.

2. Risk and return assessment: The risk level is relatively low, but the potential return is above average.

3. Valuation basis: According to the public chain valuation method, the valuation of top L2 projects usually accounts for 6-20% of the total market value of the public chain where it is located. Using 10% as the calculation standard, Ethereum's market value is US$1.6 trillion, and ARB's possible valuation at the peak of the bull market in 2025 is US$160 billion.

L2 track: OP

Current total amount: 4.3 billion

Peak estimated amount: around 90 billion

Reasons to be optimistic:

1. In the Layer 2 field, currently second only to ARB, TVL ranks 6th. The ecosystem is developing rapidly, and Coinbase has also chosen OP for its second layer network. In addition, considering the benefits brought by the Cancun upgrade, OP's future prospects are very promising.

2. In terms of risk and return, the risk level is medium to low, but the potential return level is medium to high.

3. From a valuation perspective, according to a common public chain valuation method, the valuation of a top Layer 2 network can usually reach 6-20% of the total market value of its public chain. Taking the market value of Ethereum as an example, OP's valuation at the peak of the bull market in 2025 may reach US$96 billion, equivalent to 6% of the total market value of Ethereum.

Web3 AI track: WLD

Current total amount: 154 million

Peak estimated amount: 3 billion

Reasons to be optimistic:

1.Wordcoin, a cryptocurrency launched by OpenAI founder Sam Altman, referred to as WLD, aims to integrate digital currency into people's daily lives and build a project that may become the largest user base among WEB3 applications. This optimistic view of WLD is not blind, but is based on its innovative technology and unique market positioning. WorldCoin is conducting a great social experiment, aiming to change the production and distribution methods of the entire society through AI.

2. Risk and return assessment: The risk is moderate and the return potential is high.

Storage track: AR

Current total: 129 million

Topping the estimated value of 10 billion

Reasons to be optimistic:

1. The storage sector is currently ranked second. Compared with FIL, which ranks first, it has greater circulation, which means there are fewer chips to unlock and potentially affect the market in the future. At the same time, AR is performing well in the 2021 bull market and business development continues to be smooth.

2. Risk and reward coefficient: In terms of risk, AR has relatively low risk and medium reward potential.

3. Valuation logic: In the 2021 bull market, AR’s highest price reached $90. Although the circulation and total market value data at that time were not clear, taking the market value of FIL to reach 50 billion in 2021 as a reference, we can estimate that the market value of AR may reach 10 billion by 2025.

##AI track: RNDR

Current total amount: 646 million

Estimated amount to reach peak: 30-50 billion

Reasons to be optimistic:

1. RNDR is currently the world’s largest distributed GPU computing and 3D market. It has received support and cooperation from giants such as Google and Microsoft, as well as many top media and technology companies, including Apple and NVIDIA. , Epic Games, Unity, Disney, Discovery and HBO, etc. In addition, by adopting Layer 2 networks, RNDR is further expanding its application scenarios and frequency of use. With the Polygon second-layer network on the chain, users can process data with lower handling fees and faster block confirmation speeds, which will help increase the actual usage of RNDR.

2. In terms of risk and reward, the risk of the RNDR token can be regarded as mid-to-upper level, but it has potentially high returns.

3. Valuation logic: With the continuous popularization of high-definition video and augmented reality (AR) technology, as well as the recent continued warming of the concept of artificial intelligence (AI), the demand for GPUs The demand for computing power will reach an unprecedented peak. The RNDR network provides an ideal solution, and the RNDR token will be in huge demand as a cryptocurrency to pay for rendering fees. Therefore, RNDR's valuation prospects may be as high as $30-50 billion.

The above is the detailed content of What is the most likely 100 times Bitcoin halving in 2024?. For more information, please follow other related articles on the PHP Chinese website!