– Bitcoin halving anticipation is a likely catalyst for gains in Bitcoin related projects Stacks, THORChain, and Lends.
– STX, RUNE, and LENDS prices rallied on Sunday as BTC price inches closer to $70,000.
– The Bitcoin-related token narrative sees a resurgence amidst Bitcoin price rally and the upcoming halving in April 2024.
Bitcoin related tokens have seen a resurgence as Bitcoin dominance rises and the largest asset by market capitalization sustains above the $69,000 level.The narrative of BTC-related tokens is likely to stay relevant, driving gains for holders with the upcoming halving.
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STX, RUNE, LENDS price climbs alongside Bitcoin
Bitcoin halving is scheduled for April 21, the event is 42 days away.The halving has likely catalyzed gains in Bitcoin-related tokens, Stacks (STX), THORChain (RUNE), and LENDS.https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-bottoms-out-as-microstrategy-raises-100-million-more-than-initially-announced-202403061900 beta plays have emerged as a class of tokens that yield gains for holders, ahead of the Nakamoto Upgrade scheduled for April.STX price climbed nearly 13% on Sunday and yielded 7% weekly gains for holders.
RUNE, the token of a decentralized exchange that enables cross-chain swaps hit a nearly 22-month high in the total value of assets locked (TVL).
RUNE TVL.Source: DeFiLlama
LENDS is likely a RUNE beta play since the token belongs to the THORChain ecosystem.LENDS price climbed nearly 12% today and the token yielded nearly 90% weekly gains to holders.
Bitcoin price is inching closer to $70,000, the asset sustained above the $69,000 level on Sunday.The asset has climbed 2% on the day and yielded nearly 13% weekly gains for BTC holders.
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