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#Ethereum Layer 2 Battle Heats Up: While Bitcoin steals the headlines with its price swings, the real action might be happening on the Ethereum side. Layer 2 scaling solutions like Polygon (MATIC), Arbitrum (ARB), and Optimism (OP) are all experiencing a surge in transaction volume, driven by system upgrades and partnerships. Analysts #predict the competition will benefit users by driving down transaction fees and increasing innovation within the Ethereum ecosystem.
#TrendingTopic #ETH #Ethereum(ETH)
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#TrendingTopic #ETH #Ethereum(ETH)
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Saturday’s Bitcoin
#BTC
tickers down
$64,873
halving has officially seen the rewards paid out to miners reduced from 6.25 Bitcoin per block to 3.125 BTC. But now, experts turn their eye to where Bitcoin could be by the next halving in 2028.
Despite miners being technically paid less for their efforts in securing the network, halving events are widely regarded by many analysts as being a precursor to significant increases in the price of #Bitcoin — with the “supply shock” of new BTC hitting the market from miners being significantly reduced.
Speaking to Cointelegraph, Swyftx lead analyst Pav Hundal looked to the price action that occurred following previous halvings to #predict a price increase of at least 100% by the 2028 halving, which would put Bitcoin somewhere around the $120,000 mark.
“We’ve gone from trough to peak price gains of more than 60,000% in 2013, to 12,000% in 2017, and then 2,000% in 2021,” he said.
“Our central scenario is for this trend to continue and to see a high double, or low triple digit percentage point increase in price by the next halving.”
He added that investors would be “hard-pressed” to imagine a scenario where #Bitcoin would not be worth more than its current price of $60,000 by the next halving.
Saturday’s Bitcoin
#BTC
tickers down
$64,873
halving has officially seen the rewards paid out to miners reduced from 6.25 Bitcoin per block to 3.125 BTC. But now, experts turn their eye to where Bitcoin could be by the next halving in 2028.
Despite miners being technically paid less for their efforts in securing the network, halving events are widely regarded by many analysts as being a precursor to significant increases in the price of #Bitcoin — with the “supply shock” of new BTC hitting the market from miners being significantly reduced.
Speaking to Cointelegraph, Swyftx lead analyst Pav Hundal looked to the price action that occurred following previous halvings to #predict a price increase of at least 100% by the 2028 halving, which would put Bitcoin somewhere around the $120,000 mark.
“We’ve gone from trough to peak price gains of more than 60,000% in 2013, to 12,000% in 2017, and then 2,000% in 2021,” he said.
“Our central scenario is for this trend to continue and to see a high double, or low triple digit percentage point increase in price by the next halving.”
He added that investors would be “hard-pressed” to imagine a scenario where #Bitcoin would not be worth more than its current price of $60,000 by the next halving.
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Hello my friends, how are you? We have witnessed difficult days after the catastrophic market decline. Regardless of the reasons, it was surprising that it happened. We see this violent decline, especially since this is the Bitcoin split season. Looking at previous years, there were positive results after each split, which did not happen. There were also positive signs that the currency market would improve before we saw this sudden decline.
#predict $BTC
My friends, I have always defended cryptocurrencies as the future and that the secret to their strength is that they are not affiliated with any party or linked to any economy. But what happened in the past few days has prompted many to doubt the future of cryptocurrencies and search for a safe haven for investment and ensuring financial stability.
But my friends, from my point of view and looking at history, any rise is preceded by a fall, and if you want to build, you must first demolish. You must also understand that the world of cryptocurrencies is a modern world in its infancy. It is natural to see all this resistance and competition. The explosion is coming inevitably, and I expect that 2025 will be the year of the beginning of making profits initially, and what is coming is more than that. My friends, be patient and strengthen your presence in the world of cryptocurrencies and choose well.
#EarnFreeCrypto2024
#predict $BTC
My friends, I have always defended cryptocurrencies as the future and that the secret to their strength is that they are not affiliated with any party or linked to any economy. But what happened in the past few days has prompted many to doubt the future of cryptocurrencies and search for a safe haven for investment and ensuring financial stability.
But my friends, from my point of view and looking at history, any rise is preceded by a fall, and if you want to build, you must first demolish. You must also understand that the world of cryptocurrencies is a modern world in its infancy. It is natural to see all this resistance and competition. The explosion is coming inevitably, and I expect that 2025 will be the year of the beginning of making profits initially, and what is coming is more than that. My friends, be patient and strengthen your presence in the world of cryptocurrencies and choose well.
#EarnFreeCrypto2024