The Next Cryptocurrency Halvings: What You Need To Know

The halving is a feature hard-coded in networks like Bitcoin, Litecoin, Bitcoin Cash, Zcash, and Dash.

The market structure (exchanges and trading algorithms) currently favors BTC, yet, more cryptocurrencies offer an opportunity to explore.

The halving is a line of code that reduces the miner block rewards (new coins) by half.

Satoshi Nakamoto illustrates Bitcoin’s designed scarcity (21 million coins) in the following lines of code:'

The previous three Bitcoin BTC halvings coincided with a vast influx of funding entering crypto exchanges and created odds for prolonged bull runs as supply decreased and demand raised significantly.

We examine the top PoW cryptocurrencies that proceed with a halving and uncover a rare opportunity.

Halving Dates For The Top Cryptocurrencies

We can calculate an approximate date for the halving dates of the top cryptocurrencies that include this feature.

Bitcoin (BTC): Next Halving (February 2024)

Current Bitcoin (BTC) inflation is 1,77%, with 6.25 new BTC entering the market every block (10 minutes).

In less than two years, the fourth halving will occur, an event that cuts miners’ rewards in half every 210,000 blocks.0

We can calculate approximately Bitcoin’s fourth halving date on 25 April 2024, though this is a rough estimate.

With the next halving, miners will receive 3.125BTC with each new block mined instead of 6.5BTC.

The Bitcoin (BTC) halving has succeeded in all three previous times in generating vast profits for investors since the lowered new supply, even with a stable demand, contributes to rising prices.

Watch the real-time Bitcoin (BTC) Halving countdown here!

Bitcoin Cash (BCH): Next Halving (March 2024)

As we can observe in the chart, the result of the previous Bitcoin Cash halving was remarkable. Timing our investment correctly suggests better odds of success.

We expect the next halving of Bitcoin Cash on March 11th, 2024 (approximately), with a similar outcome to the rewards:

Bitcoin Cash (BCH) miners will start receiving 3.125BCH instead of 6.5BCH for every new block they mine.

Watch the real-time Bitcoin (BCH) Halving countdown here!

Litecoin (LTC): Next halving (August 2023)

Litecoin also contains a fixed supply. The total number of LTC coins is 84 million, in contrast to the 21 million coins of Bitcoin (BTC and BCH).

Litecoin also uses a different algorithm than Bitcoin’s SHA256 called Scrypt.

We expect Litecoin to reduce miners’ rewards by half by July or August 2023.

Real-time Litecoin Halving Countdown

Zcash: Next Halving (August 2023)

Privacy-oriented cryptocurrency ZCash undergoes a halving roughly every four years in a similar approach to Bitcoin (BTC) and Bitcoin Cash (BCH).

The next ZCash halving should apply at block 2092800, which we expect between September and November 2024.

The previous ZCash halving event occurred in November 2020.

Zcash Halving Countdown

Dash: Yearly Reduction of Block Rewards

In contrast to the rest cryptocurrencies on this list, Dash undergoes a halving every year.

Dash doesn’t cut the new supply in half but reduces it by 7.14% every 210240 blocks.

In Conclusion

Speculative traders and investors embrace the halvings for PoW blockchains since they historically delivered outstanding odds and results.

The halving event presents an opportunity with high chances of success if bets are placed correctly.

Speculation on the price of Litecoin, Bitcoin Cash, Bitcoin (BTC), ZCash, and the rest will increase months before the halving. That’s when the big players place their bets.

With favorable conditions for the cryptocurrency market, demand increases while supply pressure is lower than in previous years, leading to prices rising exponentially for 12–24 months.

However, a halving may generate short-term partial bullish conditions before the event and disappoint investors for months.

Demand will not generate long-term returns when it is purely speculative.

• Cover Image by “PIRO4D” on Pixabay and “TheDigitalArtist”on Pixabay (modified)

Originally published at Medium. [Republished with updated dates]

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