Bitcoin (BTC) becomes more scarce after each halving, but the next event that takes place in the next four days will make the digital assets twice as rare as gold, according to analysts at the leading crypto exchange, Bybit. A report on what to expect before and after the Bitcoin halving revealed that BTC will...Read More
Crypto market analytics platform CryptoQuant believes the effects of Bitcoin halvings have been diminishing and that the upcoming event will have an even smaller impact on BTC’s value. In the latest edition of the firm’s weekly crypto report, analysts said the effect of the halving has been reducing because the new issuance of BTC keeps...Read More
Despite a consistent drop in Litecoin’s (LTC) price, the number of addresses holding the world’s fifteenth-largest cryptocurrency for over 12 months has nearly doubled in the past year. According to the crypto analytic platform IntoTheBlock, the number of long-term LTC holders has just hit five million this week, indicating “growing confidence” in the asset. Five...Read More
Litecoin (LTC) search trend has hit a new yearly peak, according to the blockchain analytic platform, IntoTheBlock. The upcoming halving event – which is currently set for August 2nd – is likely to be a key driver for the heightened interest. Halving events have been known to generate tremendous interest in the days leading up...Read More
According to data compiled by blockchain analytics firm IntoTheBlock, about 13% of Litecoin’s (LTC) total supply has remained untouched for five years. Analysts at the company speculated that the dormancy might be attributed to either “unwavering confidence” in the Litecoin project or the loss of assets. Regardless of the reason for the inactivity, the finding...Read More
Litecoin’s upcoming halving is less than five weeks away, which is expected to happen on August 2, 2023, at block 2,520,000. Leading up to the much-anticipated fact, the network hash rate has already reached a historic high, thereby serving as a positive catalyst for the Litecoin miners As a result of this increased confidence, LTC...Read More
Litecoin is slated to undergo its third mining reward halving in early August, after which the per-block reward paid to miners will be lowered by 50% to 6.25 LTC from 12.5 LTC. Leading up to the fact, the 12th largest crypto-asset by market value has managed to fetch some big gains lately, pushing its price...Read More
Litecoin’s third halving is officially 100 days away, with the event expected to occur on August 2, 2023, at block 2,520,000. However, the date may change due to the network’s hash rate fluctuations. Halving is a mechanism in which the rewards that crypto miners receive for validating transactions on a blockchain are cut in half....Read More
The crypto market surged to a collective market cap of over $830 billion, a rare sight amidst a gloom-ridden sentiment induced by FTX’s collapse and the subsequent turn of events. Nevertheless, Litecoin’s comeback fared better than most top altcoins. At a market cap of over $5.64 billion, the “digital silver” climbed to a high of...Read More
