Litecoin (LTC) and Dash (DASH) have started counting the days for the halving period, and Bitcoin (BTC) is getting closer and closer to the halving that will take place a year later.
The “halving period”, which refers to the periodic halving of the reward per block in cryptocurrencies produced by mining, has come to an end, especially for Litecoin (LTC) and Dash (DASH). Bitcoin (BTC) halving is almost a year away. Which cryptocurrencies are approaching the “halving” process, which is one of the important movements of the crypto world? BTC halving period, when can it happen?
Halving in Bitcoin (BTC)
BTC halving is done on average every 4 years. While the next BTC halving date is eagerly awaited by crypto investors, the halving event is scheduled to take place between March and June 2024. During the halving periods, a great deal of activity is observed in the BTC price. BTC’s halving period is one of the most anticipated events on the BTC side. With the block reward halving, the mining reward for BTC will be halved once again.
When Will The Next Halving In Bitcoin (BTC) Happen?
The halving event takes place on average every 4 years. In line with these data, the date of the next BTC halving is expected to be between March and June 2024. Since the dates may change according to the processing times, it may not be correct to specify the date clearly. As the process progresses and transactions on the BTC side become clear, the date of the next Halving will be determined.
How Could the Next BTC Halving Affect Price?
Halving for BTC is critical in the crypto industry. Since the supply of BTC is limited to 21 million BTC, the number of BTC mined per block every four years is also automatically reduced. With each halving, some important changes are made to fundamentally increase the growth and efficiency of the network. With this chain of events, the decrease in the current supply and then the increase in the demand for BTC brings the price increase.
In line with the previous data, the decrease in supply while the demand remained stable generally paved the way for the price to rise. However, it is also one of the important criteria that price changes depend on the ratio of supply and demand. The halving takes place to increase the operational efficiency of BTC. Also, network fees are significantly reduced, which ultimately increases the demand for Bitcoin.
Halving Data in Past Periods
BTC has gone through three halving periods until the current period. The first halving was in 2012, and the block reward from 50 BTC during the halving was reduced to 25 BTC. The second halving was held in 2016 and the reward from 25 BTC was reduced to 12.5 BTC. The third BTC halving took place in 2020, and the block reward on the BTC network was reduced to 6.25 BTC. In the next halving period, the block reward of the BTC network will be reduced to 3,125 BTC.
Halving in Litecoin (LTC)
Litecoin (LTC), which will perform the next halving at the beginning of August, already seems to have excited its investors. LTC, which currently has a current difficulty of 24.80M and hash rate of 715.61 TH’s, has come to the fore again in the last weeks of the crypto market. The popular coin, which is counting the days for its next halving, shows these with the activity in its price.
The total number of active addresses in LTC, which currently has a market value of $6.45 billion, is 211.948. The major coin, which is thought to perform the next halving in early August, will reduce its current reward from 12.5 to 6.25. In addition, activity continues in the LTC ecosystem, which counts the days for the halving period.
Halving in Dash (DASH)
Dash (DASH), which is thought to perform the next halving in mid-June, has started to make a name for itself again. With its current difficulty of 124.98M and Hash rate of 3.61 PH’s, DASH has become one of the most popular coins in the market lately. DASH, whose next halving is at the door, shows the signs of this issue with its volatile movements in the market.
The total number of active addresses in DASH, which currently has a market value of 560.72 million dollars, is 58,497. DASH, which is thought to perform the next halving on June 22, will reduce its current reward from 2.48 to 1.24 levels. Less than two months into the halving period, DASH is making a name for itself again as in the old days.
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