The next Litecoin halving event is expected to happen on August 2nd, 2023, an essential event for crypto investors and miners across the globe. A cryptocurrency halving event occurs when the rewards for mining a digital asset are reduced by half, effectively decreasing the incoming supply of the cryptocurrency into the market.
This is Litecoin’s third halving event and mining rewards of LTC will reduce from 12.5 to 6.25. With 23 days to go until the halving, investors, enthusiasts, and speculators have plenty of time to ponder the question: will Litecoin have a positive spillover effect on other Altcoins, potentially boosting their price as well?
Having an allocation of new and old cryptocurrencies positioned to profit off the possible bully rally of Litecoin can help diversify your returns and risk by investing in more than one digital asset. Digital coins like Big Eyes Coin (BIG) and Cardano (ADA) are DeFi products robust enough to stand on their own in the current market but also could be open to the sway of the market if it’s heading toward a bull run.
Cardano: The Coin Primed To Lead The Newer Generation Of DeFi
Described as a 3rd generation blockchain, Cardano was introduced in 2017 by Charles Hoskinson, an Entrepreneur who helped to create Ethereum with Vitalik Buterin. Cardano was created to provide a superior alternative to coins such as Bitcoin and Ethereum, cryptocurrencies that are classified as the 1st and 2nd generation of blockchains to enter the market.
Despite some Cardano holders experiencing losses while selling the coin, the quantity of ADA – Cardano’s native token – has surged to a staggering peak Total Value Locked (TVL) of 578 million. This remarkable growth of the Cardano ecosystem amidst the backdrop of market downturns showcases its resilience and potential.
Big Eyes Coin Now Live On Uniswap, OKX, Big Swap, Poloniex, And LBank
The latest addition to the crypto market’s meme coins, Big Eyes Coin has recently been added to major crypto exchanges including Uniswap for public trading. Investors should keep their eyes peeled for the new crypto casino with Big Eyes Branding primed to enter the online gambling industry very soon.
Offering an extensive selection of over 4000 play-to-earn (P2E) games, the new casino will contribute to boosting trading volume for the meme coin within the crypto market. Additionally, all transactions and payouts exclusively utilize BIG, creating a unique ecosystem. This development will not only drive interest but also introduce a fresh revenue stream for Big Eyes whales, enabling them to capitalize on this exciting opportunity.
Litecoin’s Momentous Halving Event Could Lead To A Bull Run
Litecoin is a cryptocurrency with quicker, cheaper transactions as its main USP when compared to blue chips such as Bitcoin. Created in 2011 by MIT engineer Charlie Lee, the premium digital coin is listed on CoinMarketCap’s top 25 today and continues to be a popular investment option for crypto enthusiasts.
Wrapping Up: The Crypto Take
Every time Bitcoin had a halving event, the cryptocurrency had a Bullrun immediately or soon after. Could it be the same for Litecoin and will the halving have positive spillover effects onto other coins such as Big Eyes Coin and Cardano? Find out and learn more about Big Eyes Coin through the links below:
Website: https://bigeyes.space/
Telegram: Telegram: Contact @BIGEYESOFFICIAL
Instagram: https://www.instagram.com/BigEyesCoin/
Twitter: https://twitter.com/BigEyesCoin