A post-halving rally in Bitcoin is expected to spur similar growth in major altcoins between August and October 2024. Factors like miners' BTC holdings and US monetary policies may initially delay this rally.
We expect Bitcoin Runes to have a similar or even much stronger performance as compared to Ordinals because of demand in the Memecoin markets.
Bitcoin Runes, launched with Bitcoin's 840,000th block, are a new token standard improving upon BRC-20. The token standard was developed by Casey Rodarmor.
On April 20, 2024, the fourth Bitcoin Halving cut block rewards to 3.125 BTC, amidst challenging macroeconomic conditions and future event uncertainties.
Although the halving will reduce block rewards to 3.125 BTC, still with the expected rise in price, Bitcoin Mining would still be profitable.
FTX sold nearly $1.6 billion worth of Grayscale Bitcoin Trust (GBTC) shares which led to the fall in Bitcoin prices.
Smart Contracts are pieces of codes that automatically execute blockchain transactions based on a set of inputs given.
Halving means a phenomenon in blockchains by which block rewards are reduced to half of their previous value.
Tokens are those cryptocurrencies which exist on other blockchains; and might or might not have their own blockchain. Understand the difference of coins vs tokens.
In Ethereum, Gas War means a competitive situation where senders compete for gas fee to get their transactions executed in priority.
Gas fee is the transaction fee charged in the Ethereum blockchain. The fee is paid to Ethereum validators for verifying transactions and adding blocks to the blockchain.
Block Headers are the meta data of each block on a blockchain. They contain details such as nonce value, hash of previous block, timestamp, difficulty target, etc.