Litecoin halving experience: Bitcoin price will not be affected much during the reward halving period

Litecoin halving experience: Bitcoin price will not be affected much during the reward halving period


According to Longhash analysis, since Litecoin's reward halving, the median weekly transaction fee has fallen by 22%, roughly in line with its market value loss, and weekly transaction volume has also fallen by about 5%. But not all indicators have fallen. Weekly adjusted transaction volume has increased by 21%, which means that there are more funds circulating on the Litecoin network since the halving. In addition, weekly active addresses have also increased by about 35%, although most of the growth came from a peak in network activity around August 10. Overall, the Litecoin reward halving has released mixed signals. Both bulls and bears will find meaningful indicators to support their arguments, but the reality is that Litecoin's 2019 reward halving does not necessarily provide much reference for Bitcoin's reward halving in 2020. The decline in Litecoin's price may be more affected by the overall crypto market than by any factors related to the halving. The fundamentals of the Litecoin network have not actually been affected at all. As for Bitcoin's reward halving in 2020, we can expect prices to fluctuate up and down with overall market trends and other network indicators. However, Litecoin’s experience suggests that Bitcoin’s performance during the reward halving period will probably not be greatly affected.




<<:  Obsessed with mining! Ukrainian nuclear power plant operator secretly mined and was arrested

>>:  PoS is replacing PoW, but some domestic mining pools have voiced resistance

Recommend

Analysis of the facial features of women with a happy life

As one of the traditional physiognomy techniques, ...

How to tell the characteristics of a woman who is unlucky in marriage

If a woman is unlucky for her husband, then such ...

How to read men's eyebrows

In physiognomy, eyebrows represent the palace of ...

1,157 pages of documents revealed: Who lent money to Three Arrows Capital?

With the disclosure of more than 1,100 pages of l...

Girls with a short lifeline on their left hand will face disasters

People with different palm lines have different d...

Ring finger in palmistry

In palmistry, in addition to understanding a pers...

Are women with narrow foreheads and high cheekbones unlucky in marriage?

When evaluating a person's fortune, the first...

What kind of people love gambling? How to solve it?

In order to live a better life, most people will ...

The facial features of a sinister villain

The facial features of a sinister villain 1. Uptu...

Analysis of the three major moles that indicate men's hard life

A small mole can often change a person's fortu...

Women with a nose that brings prosperity to their husbands should be cherished

A woman who brings good luck to her husband is no...

Is it true that girls with droopy eyes are more likely to have career setbacks?

What is the fate of a girl with droopy eyes? The ...