Analysts reveal details about tokens whose value has increased significantly after halving

Experts pointed out that halving did not draw attention to bitcoin, but the value of memtokens rose sharply over the weekend. Among the tokens that grew significantly were BONK and FLOKI.

BONK, a Solana-based meme coin, led the rally with an impressive 46% increase. This marks a significant recovery for BONK, which suffered a drop in early April. Other notable leaders included Ethereum-based FLOKI, which soared nearly 26%, and Shiba Inu (SHIB), which climbed 24%.

This growth contrasts with bitcoin’s relatively stable post-halving performance, when it rose only 1.5% to just under $ 65,000. This restrained movement follows a record high of $ 73,805 set in March, which was driven by the anticipation and launch of spot bitcoin exchange traded funds (ETFs).

Historically, the most significant growth in bitcoin has occurred a few months after its halving, indicating potential growth in the future. «The 2024 halving will demonstrate bitcoin’s resilience and market maturity, with less volatility due to institutional involvement and the introduction of ETFs. Predictions for the next halving include the potential for less pronounced short-term price fluctuations, but significant long-term price growth that is likely to surpass historical highs,» said Hao Yang, head of financial products at Bybit.