If you’re turning away from the Bitcoin ecosystem because of recent market turbulence, think again. Yes, Bitcoin’s price has faced mounting sell-side pressure. It recently dropped over 5.5% in the past seven days and hit a six-week low at $58,400 on June 25th. The US and Germany are moving BTC worth millions to exchanges. So, we expect more selling pressure.
This might sound like bad news for Bitcoin prices. But smart traders are looking beyond the short-term dips. They’re making strategic investments, knowing the bull market is still on the horizon. The Bitcoin ecosystem is buzzing with innovative projects. These projects make Bitcoin more scalable and usable. Investors are pouring funds into Bitcoin ETFs. But soon they’ll recognize the true power lies in the projects driving Bitcoin’s scalability. Today, we’ll show you three Bitcoin crypto gems you need to keep an eye on right now. These guys are the future of the Bitcoin ecosystem.
1) Tectum
Tectum is a crypto that is making a lot of waves within the Bitcoin ecosystem. And it’s also one of our favorites. Why? Bitcoin ETF and Bitcoin Ordinals brought a lot of traction to Bitcoin. And this means more transactions to handle. Bitcoin needs a layer2 to help it process these transactions. That’s where Tectum comes in.
Transactions on Bitcoin can take up to 10 minutes if you’re not added to the current block. That’s a lot of wait time if you are buying a cup of coffee. Tectum takes all that wait time away. And get it done in seconds. Here’s a mind-blowing fact; Tectum can process over 1 million transactions per second.
Source: X
This crypto seamlessly addresses Bitcoin’s scalability and transaction speed challenges. Tectum makes Bitcoin highly usable for real-world instant payments. Tectum’s flagship product, SoftNotes makes any kind of transaction possible and fast. SoftNotes caters to both small and large transactions. This is unlike the Lightning Network which focuses on micro transactions. SoftNotes has the extra advantage of:
- Being printed as cash.
- Being sent over any messenger such as WhatsApp, Telegram, or Discord over the phone with a serial number.
Source: X
By solving Bitcoin’s scalability and transaction speed problems, Tectum makes Bitcoin available for everyday use. No more wasting time to pay for your items. Tectum’s TET token has been up 26% in the last year. TET has real utility. $TET holders can use their tokens to pay for travel expenses. This is via its partnerships with platforms such as Travala and Travelcare.
Merchants like Iron Viking Gym already accept TET. So, retail adoption is starting. Tectum is one of the Bitcoin projects to explode. Let’s get to the next.
2) Stacks
Stacks is up 129% since last year. And that’s not a surprise. Stacks is the fourth-largest project by market cap on Bitcoin. Stacks is the biggest Bitcoin layer2 project. Like Tectum, Stacks makes it easier for Bitcoin to handle transactions. Here’s why Stacks is unique.
The Bitcoin blockchain cannot do smart contracts. But Stacks can. This crypto enable smart contracts and decentralized applications (dApps) on the Bitcoin blockchain. Now, Stacks brings programmable features to Bitcoin without altering its core protocol.
Source: X
Stacks has a TVL of around $75.22m. This means its DeFi ecosystem is being adopted and trusted more. Stacks is a game-changer for the Bitcoin ecosystem. It unlocks new possibilities for Bitcoin holders. It allows them to:
- Engage in DeFi activities, and create NFTs.
- Build decentralized applications, all while using Bitcoin as the base layer.
Source: X
Stacks’ integration of smart contract features with Bitcoin’s security makes it unique. With the bull market around the corner, investing in Stacks could be smart for your portfolio. Stacks’s growing TVL means it’s succeeding in bringing DeFi to Bitcoin. Stacks aims to make Bitcoin compete with more modern and advanced chains. And also become one of the industry’s biggest layer 2 networks.
3) BRC20X
Let’s wrap this up with our final project, BRC20X. You must have heard of BRC20 tokens. So, BRC20x is the first all-in-one BRC-20 solution. It has a lot of features that simplify your BRC-20 experience.
The first of their features is the X Wallet. The app functions as a wallet. And gives you access to all the tools BRC20X offers, all in one place. Next, there’s the Cross-Chain Bridge. This awesome feature lets you transfer BRC-20 tokens to EVM chains and Solana, and back again. Talk about convenience!
Source: X
Then, we have the Virtual Debit Cards. These cards let you shop privately and securely with your crypto assets. And if you prefer something tangible, a Metal Debit Card is in the works, for those that want a physical debit card to go with the virtual one.
According to their roadmap, a browser version of the X Wallet is coming next quarter as are fiat onramps. You can also expect more DEX and CEX listings to come before year’s end. They’ve also got staking pools with good APYs. If you are interested in the BRC-20 part of things, then this is a project to keep on your radar.
Source: X
Right now, you can get $BRCX on MEXC or PancakeSwap. But as I said, more listings are coming. And if you believe in BRC-20 ecosystem infrastructure, then this is a project to watch.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This article has been sponsored by Tectum and BRC20X. Copyright Altcoin Buzz Pte Ltd.
