In anticipation of the upcoming Bitcoin halving event, the crypto market has been experiencing some turbulence. Bitcoin (BTC) hasn’t recovered since the significant losses in mid-March which is a familiar pattern for the token.

However, some analysts are targeting the $100,000 price forecast, assuming the halving event in April 2024 goes smoothly. This, in turn, has the potential to send ripples throughout the altcoin sector.

The pre-halving anxiety is further fuelled by last week’s Federal Reserve meeting, which has every crypto enthusiast hawkishly watching the price of every market leader. Fortunately, this tense environment has been prosperous for a number of altcoins, five of which are growing exponentially.

The CHO token has everyone’s eyes on it due to an impressive price increase it’s been showing since the token’s relatively quiet period in February. CHO gained more than 400% in March compared to February, and there are already whispers on why that might have happened. 

The current bullish market sentiment for CHO could be explained by its ever-lasting strong performance despite market fluctuations, highlighting the low correlation with the broader market. This coupled with the appearance of a mysterious stub page, titled “CHO Revolutionary update” with a countdown and an announcement of “the biggest airdrop in history”, has heightened the intrigue within the Choise.com community.

This intrigue was topped off by hints from the platform’s founder who mentioned potential future benefits for CHO holders as the company moves into the B2B direction. Referencing the possibility of $180 million in revenue, it was highlighted that certain wheels are already in motion token-wise. 

Considering the CHO token’s resilience to Bitcoin’s downturns, seven years of Choise.com’s industry expertise and innovation, we can anticipate further growth once the above-mentioned updates are released.

2. Goldfinch (GFI)

Following the announcement of BlackRock’s inaugural tokenized fund on the Ethereum network, the DeFi project Goldfinch and its native governance token, GFI, have gained significant traction. 

Goldfinch has established itself as a prominent player in the decentralized finance (DeFi) sector boasting an impressive portfolio of over $326 million in active loans. 

Investors have shown keen interest in GFI, doubling its value since the start of the year. This surge is attributed to the growing trend of tokenizing Real-World Assets (RWAs). 

However, it’s worth noting that only a quarter of GFI tokens are currently available for trading, which could introduce unexpected volatility for seasoned investors. While price fluctuations may yield quick profits, they also carry the risk of rapid losses.

3. Boson Protocol (BOSON)

In March, the Boson Protocol team unveiled an updated roadmap that garnered enthusiastic community support. This was evident from a remarkable 70% surge in the value of BOSON, the protocol’s governance token. 

The roadmap’s primary objective was to boost the adoption of cryptocurrency within the dCommerce sector.

The monthly increase in BOSON’s value significantly bolstered its annual performance, resulting in an impressive 199% rally. Boson’s innovative technology is currently attracting significant market attention. This technology allows for the conversion of real-world goods and services into redeemable NFTs, improving the digital shopping experience and making cryptocurrency more practical in real-world scenarios.

However, investing in BOSON presents some difficulties. The token is not listed on reputable cryptocurrency exchanges and cannot be acquired using fiat which benefits those seeking to inflate the asset’s value for their benefit. 

4. pSTAKE Finance (PSTAKE)

pSTAKE Finance‘s move into DYDX liquid staking has resulted in a 200% increase in the PSTAKE token.

This was made possible by dYdX, a notable DEX that operates using the DYDX token, which recently moved to a native application chain within the Cosmos network. This move was aimed at increasing the security and decentralization of the platform

Seeing this as an opportunity, pSTAKE Finance shifted its focus to a large number of DYDX holders while dYdX was occupied with the transition. The pSTAKE protocol allowed holders to stake their tokens for USDC rewards, eliminating the conventional 30-day lock-up periods to guarantee the liquidity of the staked assets.

While the market size of DYDX liquid staking is in the millions of dollars, providing a potentially fruitful environment for pSTAKE and its native token to thrive, there are also challenges. PSTAKE’s journey to success is marred by its extremely high volatility and annual inflation rates. Furthermore, as underscored by leading crypto aggregators, early investors in the token have yet to realize any substantial profits.

5. HOPR (HOPR)

In March, the HOPR protocol witnessed a significant 140% surge, most likely influenced by Bitcoin’s record-breaking high. The absence of company updates during the market turmoil implies that the fluctuations in HOPR’s price were more driven by overall market trends than specific product updates.

The token’s dependence on speculative market movements is evident from its weekly decline, which closely mirrors that of Bitcoin. Despite market volatility, the HOPR community remains confident, which is indicated by the current ‘fear and greed’ index displaying ‘greed’.

However, there is cause for concern. Although the token’s performance this year offers some promise, attention should be paid to HOPR’s undisclosed circulating supply and decreasing trading volumes. A significant difference between decreasing trading activity and an increasing token value can be a warning sign of possible manipulative behavior, aimed at artificially stimulating investor demand.

Conclusion

These five emerging tokens, each with a market cap of less than $100 million, have already achieved triple-digit growth since the beginning of this year. As time progresses, Choise.com (CHO), Goldfinch (GFI), Boson Protocol (BOSON), pSTAKE Finance (PSTAKE), and HOPR (HOPR) will have a chance to prove themselves by creating opportunities for investors to reap greater profits in a market preparing for a significant change driven by Bitcoin. Though investing in all of them requires thorough research, the recent rally of CHO seems to be the most sustainable, since it precedes big fundamental changes in the project’s operation and will likely translate into more substantial gains afterwards, as it was in 2022.