Don’t Be Deceived by Crypto’s Post-Halving Quiet

There are key developments in motion that will have explosive impacts in the near future.

View or listen in browser April 28, 2024 Don't Be Deceived by Crypto's Post-Halving Quiet Dear Subscriber, By Beth Canova The usual volatility that accompanies the Bitcoin (BTC, “A”) halving is starting to abate. Now, it seems we have a period of consolidation ahead of us. But you shouldn’t mistake sideways price action with inactivity. There is still plenty happening under the surface as the broad market prepares for an explosive phase two of this bull market. Starting with how … Post Halving, Miner Profits Defy Expectations As you know, the Bitcoin halving cuts the supply of new BTC mined in half. That means miners must validate twice as many blocks of transactions to earn the same reward. But mining is an expensive endeavor, meaning smaller operations tend to suffer or even shut down after a halving. Luckily, as Marija Matic explains, a new protocol on the Bitcoin network called Runes gave miners a surprise boost … despite the halving. The Runes Revolution Could Solve This Big Bitcoin Problem Runes not only offered an unexpected level of stability to the Bitcoin network at just the right moment, but it could also potentially pave the way for sustainable miner income going forward. Mark Gough clarifies that the Runes protocol allows for easier token creation on the Bitcoin network, a change that could bring longevity to the network once there are no more BTC to mine. And the new tokens themselves offer an incredible investment opportunity — to get into a brand-new phase of Bitcoin development. 2 More 4-Year Cycles that Boost Bitcoin’s Halving Eventually, though, the effects of the halving will be reflected in Bitcoin’s price action. But it isn’t the only cycle at play. Juan Villaverde reveals two additional four-year cycles currently in play that will kick into overdrive around the same time to act as rocket fuel to send Bitcoin even higher. And they come from two unlikely sources. This Altcoin Indicator is Flashing a Bright “Buy” Signal No matter what, though, when Bitcoin goes up in a bull market rally, altcoins go up even higher. And according to Dr. Bruce Ng, this key indicator is flashing that time to buy your top altcoin picks — the ones you want to hold as we ride this rally — is now. Here Are the Top 5 NFT Marketplaces One sector you may want to consider for your portfolio is NFTs. Non-fungible tokens saw a boon last bull market cycle, and development of NFT utility and variety has only increased since then. But choosing the right marketplace to buy, trade or mint new NFTs is just as important as knowing which projects to invest in. That’s why Jurica Dujmovic breaks down the top five NFT marketplaces that have distinguished themselves in the sector and are poised to continue to do so. With each offering unique tools, features and user experiences, you can use this guide to help determine which marketplace best suits your investment needs. That’s all for this week. Be sure to check your inbox tomorrow for more crypto updates from Weiss Crypto Daily. Best, Beth Canova Crypto Managing Editor Follow us:   11780 US Highway 1, Palm Beach Gardens, FL 33408-3080, USA Would you like to edit your e-mail notification preferences or unsubscribe from our mailing list? Copyright © 2024 Weiss Ratings. All rights reserved.