These days, all you can hear about is Bitcoin Halving. But what is it?
What is Bitcoin Halving? When is the Bitcoin halving?
Every four years, Bitcoin has a halving event. The most recent one occurred in April 2024, and the next one is estimated to happen in April 2028
Halving is basically a programmed event that cuts the reward for mining new bitcoins. The reduced reward makes BTC mining less profitable, so ultimately, you might need to invest in more powerful equipment to stay competitive. This is mainly done by the creators to make sure that a steady block of mining is done over time.
How does Bitcoin mining affect the market? Which coins to look out for?
The halving event is done mainly to create a scarcity effect. This helps to manage the demand and supply of the coin. Since BTC has always been the leader of crypto assets, a scarcity effect of BTC can raise its price to the next level and ultimately attract new investors to the crypto market in general.
These new investors might also explore established altcoins with proven track records and functionalities. Since we saw the recent halving event, and BTC is predicted to reach the $1 million mark by the year-end, it is very much possible to expect a spillover effect on other coins.
March’s bull run saw a halt in April due to Solana Chain’s outages and the Iran-Israel conflict. The Market has seen huge price drops for famous coins. This coupled with BTC halving makes it the perfect time for a value investment in an undervalued coin.
One such coin that shows similar traits is Bitgert. Let’s understand why Bitgert is the one:
Here’s why you should look out for Bitgert
Bitgert is a full-fledged crypto-ecosystem with various features that cater to different needs. Bitgert operates on the BRC20 blockchain and has an impressive transaction speed of up to 100,000 TPS. This is especially impressive because it makes Bitgert 20x faster than the SOL Chain. In fact Bitcoin has a TPS of only 6, and ETH stands at 15-20 TPS.
What makes Bitgert even better is that it is compatible with the Ethereum Virtual Machine (EVM), which allows Bitgert to execute smart contracts on its blockchain and support for NFTs and DeFi.
In recent months, Bitgert also has had strategic partnerships with companies like Forward, Script Network, and Omnichain to bring new products to Bitgert’s ecosystem. These collaborations helped Bitgert to rise over 80% of Bitgert’s February price in March.
