He left on April 20th the fourth halving in the history of bitcoin. The term, which in English means “halving“, refers to cryptocurrency emissions. In fact, the reward obtained by miners for the extraction of each block of transactions on the blockchain it has since been halved from 6.25 to 3.125 bitcoinsthus leading to a decrease in daily extraction from 900 to 450.
As he points out Quartz, this phenomenon is useful for controlling inflation. While waiting to find out what the effects will be on the value of bitcoin, which also saw its value rise by almost 3,000 dollars between the eve of the halving and the following forty-eight hours, the online economic newspaper reported five other cryptocurrencies to keep an eye on after the halving itself.
- Bitcoin Cash
- Ether
- Solana
- Litecoin
- Dogecoin
Bitcoin cash
In 2017, a few years after the birth of bitcoin, Cryptocurrency miners and developers began to worry for its future and in relation to its ability to grow effectively. The digital currency was therefore subjected to a hard forkthe phenomenon that occurs when the community makes major changes to the blockchain network, changing the rules.
From that process bitcoin cash was born, which had faster transition speeds. Since the history of the two cryptocurrencies is linked, the price of the one created seven years ago often fluctuates with that of the main one. Even on the occasion of the halving on April 20, bitcoin cash came under the scrutiny of investors. On April 18 its value was equal to $485The 265% more than twelve months ago.
Ether
For some professionals, if bitcoin is gold, ether is silver. Created by the Ethereum blockchain network, it is indeed the second largest cryptocurrency in the world by market capitalization and represents an important indicator for the overall health of the cryptocurrency market.
Before the bitcoin halving, ether was trading at approx $3,000a value higher than 46% compared to the same period in 2023.
Solana
Like the ether blockchain network, Solana’s hosts several decentralized apps, or dApps. Unlike Ethereum, it is described by some as faster and cheaper. Solana has been around for years now among the top ten global cryptocurrencies and its value often increases when that of bitcoin increases. On April 18th its value was around $140scoring a +462% compared to a year earlier.
Litecoin
Litecoin is one of the first digital currencies created following the birth of bitcoin. It was Charles Lee, a former Google engineer, who gave it life in 2011, calling it “bitcoin silver versus gold”. There is certainly that cryptocurrency has survived all the ups and downs of the industry and continues to rank among the top twenty in the world.
Bitcoin and litecoin use both a Proof-of-Work (PoW) validation system. In detail, the process of mining or creating the two cryptocurrencies and adding them to a public ledger or blockchain is the same. Also for this reason, their fluctuations are often matched. Litecoin was worth April 18th 80 dollarsThe 20% more than in 2023.
Dogecoin
Volatility And fluctuations in the world of cryptocurrencies they often rhyme with dogecoin. The meme coin has been receiving for years now the support of Tesla CEO Elon Musk, as well as that of other celebrities. Born as a joke, dogecoin has maintained a position among the main cryptocurrencies for some time. On the eve of the bitcoin halving its value was around $0.15marking an increase in 58% compared to twelve months earlier.
