Discover the Cryptocurrencies that Promise to Shine During the Halving

Cryptocurrency fever is reaching a new climax with the upcoming halving event! What better time to immerse yourself in this dizzying world of opportunities? The halving, that mysterious and powerful phenomenon that occurs approximately every four years on the Bitcoin network, is about to change the game once again. But which digital currencies could shine the brightest during this exciting event? Keep reading to find out!

Bitcoin (BTC): The Queen of Cryptocurrencies

How not to start with the mother of all cryptocurrencies? Bitcoin, the pioneer, the undisputed queen of the crypto world. Her halving is what sets off all this frenzy, and this time will be no different. With a history of spectacular price increases after each previous halving, who could resist this digital gem? Experts predict that this time will be no different, and that Bitcoin could reach new heights never seen before. Get ready for the flight of your life!

Ethereum (ETH): The Promise of Decentralization

Ethereum, the platform that revolutionized the way we think about decentralized applications, is also ready to shine during the halving. With the long-awaited Ethereum 2.0 upgrade on the horizon, the halving could be the catalyst that sends the price of this cryptocurrency to stratospheric levels. Can you imagine being at the forefront of this revolution? Don't be left behind!

Litecoin (LTC): The Digital Silver

Known as the "silver" of Bitcoin, Litecoin has been in the shadow of its big brother for a long time, but that could be about to change! The Litecoin halving is approaching, and enthusiasts couldn't be more excited. With a devoted community and a solid technology foundation, Litecoin could be the dark surprise of the halving. Are you ready to shine in digital silver?

Bitcoin Cash (BCH): The Evolution of Bitcoin

Bitcoin Cash was created as a fork of Bitcoin in 2017 with the goal of solving Bitcoin's scalability issues and enabling faster and cheaper transactions. Its next halving is scheduled for 2024. This project focuses on being a form of peer-to-peer electronic cash that can be used for fast and cheap payments around the world.

Monero (XMR): Privacy in Focus

Monero is a privacy-focused cryptocurrency that uses technologies such as Ring Signatures and Stealth Addresses to ensure anonymous and untraceable transactions. Its next halving is scheduled for 2022. Monero is positioned as an option for those who value privacy and fungibility in their financial transactions.

Zcash (ZEC): The Privacy Optional Cryptocurrency

Zcash is another privacy-focused cryptocurrency that allows users to choose between transparent transactions (visible on the blockchain) and private transactions (hidden on the blockchain). Its next halving is scheduled for 2024. Zcash is presented as an option for those who want flexibility regarding privacy in their financial transactions.

The halving is a scheduled event that occurs on the Bitcoin network approximately every four years, or more specifically, every 210,000 mined blocks. This event halves the reward miners receive for validating and securing transactions on the Bitcoin network. Here I explain how the halving occurs:

• Block Reward: When a Bitcoin miner successfully solves a complex mathematical problem to add a new block to the blockchain, they receive a reward in the form of newly created bitcoins, along with the transaction fees associated with that block. . Initially, the block reward was 50 bitcoins per block.
• Halving Scheduling: Bitcoin source code states that the block reward is halved every 210,000 blocks mined, which is equivalent to approximately four years, considering the average time of ten minutes per block. This adjustment is made to control the total issuance of bitcoins and eventually limit it to 21 million, making Bitcoin a deflationary asset.
• Reward Reduction: When a new halving is reached, the block reward is reduced to half of its previous value. For example, after the first halving in 2012, the reward was reduced from 50 to 25 bitcoins per block. Then, after the second halving in 2016, it was reduced from 25 to 12.5 bitcoins per block. This process will continue until all bitcoins have been issued, which is expected to occur around the year 2140.
• Impact on Supply and Demand: The halving has a significant impact on the supply of bitcoins in circulation. As the number of new bitcoins entering the market each day reduces, this is expected to have an upward effect on the price of Bitcoin in the long term, as long as demand continues or increases. This effect is based on the law of supply and demand: if supply decreases while demand remains constant or increases, the price tends to rise.

During previous Bitcoin halvings, a general pattern of long-term price increase has been observed, although price behavior before, during and after the halving may vary. Here is a summary of what has happened to the price of Bitcoin during previous halvings:

First Halving (November 2012):

• Before the halving: The price of Bitcoin saw a significant increase in the months leading up to the halving.
• During the halving: The price remained relatively stable during the event itself.
• After the halving: A significant increase in price occurred in the months and years after the halving.

Second Halving (July 2016):

• Before the halving: As in the first halving, the price of Bitcoin increased significantly in the months leading up to the event.
• During the halving: The price remained relatively stable during the halving day.
• After the halving: Although the price did not show an immediate increase, in the following months there was a significant increase that led Bitcoin to reach new all-time highs in the following years.

Third Halving (May 2020):

• Before the halving: Again, a significant price increase was observed in the months leading up to the halving.
• During the halving: As in previous halvings, the price remained relatively stable during the event.
• After the halving: In the months following the halving, Bitcoin saw a gradual rise, followed by a period of strong growth that led to new all-time highs in 2021.

These are just some of the cryptocurrencies with promising halvings and interesting projects. Each has its own unique vision and approach to the world of cryptocurrencies. The halving can be an exciting time to explore new investment opportunities in these and other innovative cryptocurrencies!
References
https://www.investopedia.com/bitcoin-halving-4843769
https://www.ig.com/en/bitcoin-btc/bitcoin-halving
https://cointelegraph.com/learn/bitcoin-halving-how-does-the-halving-cycle-work-and-why-does-it-matter
https://www.coinbase.com/es-us/learn/crypto-basics/what-is-a-bitcoin-halving
https://stormgain.com/blog/cryptocurrencies-worth-buying-bitcoin-halving-event-2024
https://www.pymnts.com/blockchain/2024/this-week-in-web3-bitcoin-halving-stablecoins-bankman-fried/
https://qz.com/bitcoin-halving-event-cryptocurrency-price-buy-mining-1851406085
https://www.forbes.com/sites/digital-assets/2024/04/13/its-going-to-zero-legendary-billionaire-predicts-cataclysmic-us-dollar-collapse-and-a-post-halving-250000-bitcoin-price/?sh=e0b0a74358ca
https://coincodex.com/article/28024/best-crypto-to-buy-before-bitcoin-halving/
https://crypto.news/3-other-cryptocurrencies-that-have-halvings/
https://cointelegraph.com/news/four-cryptocurrency-block-reward-halvings-to-look-out-for-in-2021