The cryptocurrency market has been on high fluctuations for the last few months. All major cryptocurrencies are experiencing high price movements. Even Bitcoin, the leading digital currency, ranged between $73,000 to $59,000 in the last 50 days. If you ask why – The one key reason is the Bitcoin Halving event. To benefit from this major event, crypto enthusiasts seek crypto projects or coins that can give significant moves post-Bitcoin halves. One coin that could see high price growth post-halving event is the Bitgert coin. Many experts are bullish on the Bitgert coin and expect tremendous price growth in this coin.
So how does Bitcoin Halving Impact the price of Bitgert coin? Also, let’s see what is the potential for the Bitgert coin after halving,
Bitcoin Impacts the Pricing Movement
Bitcoin halving has helped crypto prices to rise like Ethereum, Binance Coin, polygon, Litecoin, etc. This will again repeat, and you could see a price rise in coins like Polygon, Solana, Bitgert, etc. Bitcoin halving reduces the rewards that miners get for Bitcoin mining. The last Bitcoin halving event was on 11 May 2020, and the mining reward was reduced to 6.25 BTC.
The upcoming Bitcoin halving will likely occur on 19 April 2024, which is the current week. After this fourth halving event, the reward will be reduced to 3.125 BTC. This will reduce the Bitcoin flow in the market, making it more scarce. Historically, after bitcoin halving, bitcoin price has risen significantly. As per Reuters, Bitcoin price performance in the year after has given massive returns. In 2012, the price surged 8547% within a year, similarly 389% in 2016 and 659% in 2020, respectively. This will also trigger coins like Bitgert to rise in value.
Bitgert Potential Post Halving
Experts are optimistic about Bitgert as blockchain coin has performed well in the crypto space in the last bull market. Cryptoslike Solana and Ethereum have outperformed other altcoins and now could be Bitgert time. As bitgert is one of the innovative blockchain projects, Even institutional investors are following the Bitgert coin.
The current price of Bitgert is $0.0000001795, with a market cap of about $71.02 million. The price is up by 6.12% in a day, which is attracting investors to the Bitgert coin. According to analysts, the Bitgert price could reach $0.000005 in the upcoming week. And within a year of Bitcoin halving, the prices could be at $0.0002.
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