The next Bitcoin halving is predicted to occur on April 25 2024 at 02:37:37 PM UTC and many crypto-enthusiasts, and big institutions are already positioning themselves for the next bull market in the crypto space.
Bitcoin halving refers to the process by which the rewards that miners receive for validating transactions and securing the Bitcoin network are reduced by half approximately every four years. This event has several advantages and implications:
Supply Control is one of the most significant advantages of the Bitcoin halving by reducing the rate at which new Bitcoins are created, it effectively limits the supply growth. This scarcity can create a sense of value and scarcity, similar to precious metals like gold, which can potentially drive up the price.
This is why different analysts have predicted the next destination for bitcoin price after the 2024 bitcoin halving occurs:
- Mike Novogratz - $500,000T
- Pantera Capital - $148,000
- Standard Chartered - $120,000
- Robert Kiyosaki - $100,000
The Bitcoin halving occurs approximately every four years (specifically every 210,000 blocks), making it a predictable event. This predictability helps investors and participants in the Bitcoin ecosystem plan for the future and understand the supply dynamics.
How to position yourself for the next bull market
Now that the big boys and institutions in the crypto space are positioning themselves for the next bull market with thousands of dollars through popular coins like Bitcoin, Ethereum, BNB, Solana, etc. You will be thinking about how low-income earners can benefit from the coming bull market, here is the simple logic for it.
It is very certain that as the bitcoin price skyrockets during the bull run period, other cryptocurrencies will also move along with bitcoin which will be a potential gain for anyone investing in any new utility crypto projects especially those with decentralized functionality.
With your $50 - $100 investment in a promising crypto like Core, Verge Currency (XVG), you can expect 1000x profit or more during the next bull market. Reason is:
1. Core: This is an L1 blockchain and smart contract platform that leverages the security and decentralization of Bitcoin with EVM compatibility making it a perfect environment for any dApp to build on the Core ecosystem. A utility coin.
Also, Core strengthens Bitcoin mining operations without building directly on the Bitcoin network but just by delegating Bitcoin Hash Power to the Core Network.
Currently, over 40% of total Bitcoin Hash Power has been delegated to Core networks by Bitcoin miners which is on the road to 100% hash power to fully secure the Core network.
As Bitcoin block rewards decrease, miners must rely more on transaction fees to sustain their operations, this makes Core alternative rewards earning for them just by delegating hash power. With these potentials, we can expect a good move in the price of Core after the halving and you might want to position yourself for the next bull market by holding Core Coin. It is listed on several CEX / DEX like OKX, BitMart, etc.
2. Verge Currency (XVG): This is a secure and user-friendly digital currency, built for everyday transactions with no ICO, and no Pre-mined. Verge provides the security of blockchain-based payments to everyday users with easy-to-use software tailored to real-life needs and applications.
Do you know that Verge Currency is set to become one of the first Proof-of-Work coins to achieve 100% mining in just approximately 24 days?
As of the time of writing this line, the total XVG left to be mined is 566,925.
Also, Verge Currency is ISO20022 compliant, pioneering new standards in decentralized Finance. making it the 9th actual cryptocurrency to have this title after Bitcoin. Both are decentralized, not a securities currency, community-driven, and were founded for peer-to-peer transactions.
The Verge Currency Network Observer reports that mining of Verge (XVG) is nearing its end, indicating the maximum supply of Verge is about to be fully minted, preventing the creation of new Verge coins. This reduction in supply pressure can enhance Verge's tradability and create scarcity. And with these, XVG prices can skyrocket along with the bull market and even do more than expected if demand is high. Verge is listed on Binance, Kucoin, etc.
These are two out of many new coins you might want to lay your hand on to position yourself now in anticipation of the Bull Market.
DISCLAIMER: Except for BTC and Ethereum other coins are air coins that have high risks please invest with caution.
This write-up is for information purposes only not investment advice, do your proper findings before investing, you are solely responsible for any action you take in the crypto space.
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