You would have likely heard about Bitcoin (BTC) “halving” on several occasions. It isn’t a buzzword, but a significant development in Bitcoin. After the SEC decision on Bitcoin ETFs earlier this month, attention has now shifted to the halving, which is just a few months away. This post will cover all you need to know and what to expect post-halving.
Additionally, this article will explore the growing whales’ interest in InQubeta (QUBE), a new and promising ICO. It will cover why it is hailed as the best new crypto to invest in.
InQubeta (QUBE): Growing Investor Interest
With the market set to rally after Bitcoin halving, InQubeta (QUBE) has emerged as one of the altcoins to watch. As one of the new ICOs, it will launch during more favorable conditions later this year—a potential bull market, which makes it one of the best coins to invest in. This explains the massive participation in its ongoing presale—$8.5 million raised in early funding—especially among whales.
The ICO is currently in its seventh stage, and a token costs only $0.0224. According to experts’ forecasts, it will experience a 75x rally after its launch, positioning it as a good crypto to buy. If you seek to position yourself for significant gains, we suggest riding its bullish wave by becoming an early holder. Just grab a bag of QUBE and HODL.
In addition to its explosive upside potential, it stands out for its innovative concept and the key issues it aims to solve. Hailed as one of the most bullish narratives, it seeks to transform the fast-rising AI sector with blockchain technology and the crypto economy.
It will build the first crypto-based crowdfunding platform and a novel NFT marketplace, which will address issues relating to fundraising and market accessibility. To raise funds, AI tech startups simply need to mint investment opportunities, which will be represented as equity-based NFTs. These tokenized AI investments will be fractionalized and offered to investors on the NFT marketplace. Primed for massive adoption, InQubeta is a bullish play not to miss out on this year.
Bitcoin (BTC): What to Expect After Halving
Let’s begin by delving into what Bitcoin (BTC) halving is first. It is an event that takes place every four years or after 210,000 blocks, characterized by the reduction of miners’ rewards by 50%. Back to what to expect after Bitcoin halving this year: it primarily introduces deflationary pressure on the new BTC supply.
A brief bit of history – the first Bitcoin halving took place on November 28, 2012. The block reward was slashed from 50 BTC to 25. Meanwhile, during the second halving—which occurred on July 9, 2016—miners’ rewards were reduced from 25 BTC to 12.5. At the moment, miners’ block rewards are 6.25 BTC following the most recent Bitcoin halving that occurred on May 11, 2020.
With the next halving anticipated to occur in April 2024—a few months away—you must be wondering what to expect afterward. The 2024 halving will see a reduction in block rewards from 6.25 BTC to 3.125. This will have a great impact on mining economics and the overall crypto market, just like the previous ones did. It will influence the dynamics of supply and demand, mining difficulty, and profitability, among others.
During the previous halving events, there was a common theme—a market rise. A bull market typically follows Bitcoin’s halving because there is a decrease in new Bitcoin supply as it approaches the 21 million maximum limit, followed by a rise in demand. Hence, the next event will likely follow a similar pattern, making it a time not to miss.
Halving affects Bitcoin’s price and volatility as it impacts market expectations and mining profitability. There is often a buzz around it, with investor sentiment and confidence typically high, which attracts more attention and therefore propels Bitcoin’s price. Investor sentiment post BTC ETF will likely pale in comparison to the halving, which is expected to be overly bullish. Hence, Bitcoin is hailed as one of the best cryptos to buy now.
Conclusion
A bull market will likely be ushered in after the next Bitcoin halving. If you have yet to position yourself, InQubeta also represents a compelling option. To partake in the ongoing presale, click the link below.