Bitcoin and Litecoin Halving
The Bitcoin Halving is an event that happens roughly every 210,000 blocks (or roughly every four years) in the Bitcoin network. At each halving event, the number of new Bitcoins (BTC) generated per block is reduced by half. The halving limits the supply of new bitcoins and helps control inflation. This process makes it harder to “mine” new Bitcoins, leading to a slower growth rate in the overall currency supply.
The effect of halving the price of Bitcoin (BTC) is a topic of much excitement among market participants. The reduced supply of new Bitcoins will increase demand and therefore drive up the price. Historically, the two previous halvings in 2012 and 2016 were followed by significant price increases.
The effect of halving on the price of Litecoin (LTC) is similar to that of Bitcoin; Litecoin is a fork of Bitcoin and follows Bitcoin’s tokenomics. Like Bitcoin, Litecoin also has a halving event that occurs roughly every four years, reducing the number of new Litecoins generated per block by half.
Halving can boost crypto prices
As with Bitcoin, Litecoin’s halving has historically stirred up prices and bolstered investor sentiment.
Altcoins, or alternative cryptocurrencies, often follow the price trend of Bitcoin, especially during periods of strong market performance for Bitcoin. This is because many investors and traders see Bitcoin as the benchmark for the cryptocurrency market and may use it as a barometer for the market’s overall health.
Fortunes were made through altcoins riding shotgun on the Bitcoin and Litecoin halving bull-runs.
And those bull runs are coming.
The next Bitcoin halving is expected on 18 March 2024, and Litecoin is expected six months earlier in August 2023.
The market is already anticipating the halving bull run, with cryptocurrencies raising their heads from the 2022 slumber, with Bitcoin’s January 2023 candle closing 40% higher, and it’s just getting started.
Right now: The right time to invest in Snowfall Protocol (SNW)
Traditional values underpin crypto investing as much as conventional investing: buy early and buy cheap. Right now is the perfect time to invest in cryptocurrencies: the floor of the bear market has been reached, the candles are turning green again, and the anticipation of the halving is underpinning investor confidence.
This confidence has bolstered the presale of a new altcoin set to shake up the cryptoverse. Snowfall Protocol (SNW) is a new cross-chain trading solution that bridges cross-platform architectural divides and facilitates the transactions of both traditional tokens and non-fungible tokens (NFTs) across both EVM (Ethereum Virtual Machine) and non-EVM platforms.
Invest in Snowfall Protocol now
Snowfall Protocol (SNW) is the solution crypto traders have been looking for since Vitalik launched Ethereum and is set to become a major player in the cryptoverse. Crypto traditionally rewards early adopters, and Snowfall Protocol is now available at presale: the earliest it is possible to get. A hundred million coins will be made available at $0.005 during phase one.
The presale will culminate in phase three when another 100 million coins are made available at $0.75 – a 1,400% value increase between phases one and three. This is an opportunity the savvy crypto investor will be foolish to miss – Snowfall Protocol (SNW) is something to take seriously in your crypto investment portfolio, and you can Invest in Snowfall Protocol here.
For more information on Snowfall and its workings, see their whitepaper, or follow them on Twitter and Telegram.
Click the links below to learn more now!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin