Bitcoin's much-anticipated halving event later this month is likely to trigger a flood of bets on related network and ecosystem tokens, with traders anticipating gains for both technology and meme coin projects.
Wintermute's OTC trading department said in this regard: "There are large untapped capital pools in the Bitcoin ecosystem that are still dormant, and it is surprising that there are so few online assets that traders can gain exposure to." It added : “If capital starts to flow into the Bitcoin ecosystem, tokens like RUNE, STX, and ORDI could benefit significantly and outperform.”
Meanwhile, crypto trading platform Cube.Exchange founder Bartosz Lipinski said in an email that Meme and the upcoming Runes protocol could trigger high-risk bets in the Bitcoin ecosystem. (CoinDesk)