Halving events are crucial in shaping the crypto cycle, and we're just about 70 days away from the next #BITCOIN halving. It's the perfect time to delve into the past and present to forecast what might be on the horizon.
Understanding the impact of halvings is critical. Each halving slashes the new #BTC entering circulation through mining rewards, reducing the influx of $BTC in the market.
This often triggers a supply shock, sparking a significant price surge until it peaks and the trend reverses, setting the stage for the next cycle.
For a clearer picture, let's turn to a chart from PukaCharts (Trading View user).
It shows that while Bitcoin's volatility tends to decrease with each cycle as its market cap grows, the overall pattern remains consistent: a mini bull run kicks off around a year before the halving, followed by an even more significant surge in the year after.
History tends to repeat itself in the crypto world, and this time, there are extra factors that could push prices higher. The FED's interest rate hikes have halted, with cuts likely on the way. Plus, the approval of $BTC ETFs makes it easier for retail investors to get in on the action.
In summary, now's the time to get your halving strategy in order. With the proper preparation, you can make the most of this pivotal event in the crypto cycle.
Ravencoin
โ Copy of the #Bitcoin code
โ Same issuance mechanism as Bitcoin - fair launch announced at same time interval as Bitcoin
โ No premine, no set aside
โ No fundraise of any kind
โ 7 year old chain
โ No treasury
Trading for $QWIK has commenced.
- Taxes have been set as per https://t.co/thMiJoUPZr
- Contract is renounced
- Liquidity has been locked for 1 year on #Blocktools vault
To be noted this will be utilized to distribute to ecosystem holders in the near future. TBA
#Qwikmine
Things to look forward to this week for the #Blocktools and @minekaspa communities:
1. If you thought we would stop at 2 projects that churn $1M annual each in revenue, think again.
Number 3 incoming. This will seamlessly tie up the mining portfolio under one umbrella. Stay tuned for details.
Liquidity decentralized? as always.
2. $TOOLS and $GDAG Airdrops for ecosystem stakers with more $KAS miner acquisitions
3. Product suite expansion into the travel space with another RWA revenue spinner in the pipeline (non-tokenized, only on-off ramp services)
All this while we patiently await Feb'24 (6 figure buybacks from the revenue)