Scarcity and rarity are the factors that determine the value of any product or currency (digital or fiat). This is the main reason why big countries like America, China, Russia, or the UK frown at illegal activities such as money laundering that decrease the value of their currencies.
Crypto-halving also works in the same way. When there is too much of any cryptocurrency in circulation and more is being created on a daily basis, it’s only a matter of time before it loses value and the price plummets. To avoid this, crypto-halving becomes necessary.
Crypto-halving essentially occurs when the reward for mining a particular coin is reduced in half. This action invariably reduces the number of new coins created and the total amount of the particular coin in circulation. Once this is achieved, basic economics sets in. When supply reduces and demand remains the same or goes up, scarcity is created and value goes up.
Nonetheless, experts believe Litecoin will have a hard time outperforming this new hybrid altcoin in terms of technology and earnings in 2023.
Litecoin: Everything You Need To Know
Litecoin is an interesting cryptocurrency in many ways. It was created on the Bitcoin protocol and designed to exhibit basic blockchain technology properties like speed, security, and low-cost payments. While Litecoin may be similar to Bitcoin in certain ways, they still differ with respect to block transaction time, hard cap, and hashing algorithm.
Thanks to its clear utility and simplicity, Litecoin has quickly scaled up to become one of the most accepted cryptos worldwide. Litecoin’s low fees and speed make it most suitable for micro-blockchain transactions and point-of-sale payments.
Innovations are springing up in the Litecoin ecosystem, among them is the Mimblewimble testnet. This unique innovation is designed to bolster privacy and fungibility on the network. Once launched on the mainnet, confidential transactions on the Litecoin network can be validated using Mimblewimble.
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Litecoin Halving: Litecoin Price Prediction for 2023
The next Litecoin halving is scheduled for August, and it is the biggest news yet for the blockchain network in 2023. Anticipations are building up as expected, and investors are itching to make their predictions. How exactly will the Litecoin halving impact the coin price, and to what degree?
Experts are predicting history will repeat itself, and Litecoin will potentially rally about 200% to the upside. The possibility of this is quite high, as the halving event is positive fundamental news for the crypto network.
While the coin’s halving is still months away, Litecoin bulls are getting charged up, and some sort of bullish momentum is starting to become noticeable in the price action of the coin.
This minor bullish momentum may be due to the price bouncing off a major support level or more investors coming on board. Nonetheless, one thing is certain: the news event will be massive, and the Litecoin community will benefit from it.
Experts are saying Litecoin and Pikamoon are top cryptos worth monitoring closely over the next several months.
What is Pikamoon?
Pikamoon is a leading GameFi project in the crypto industry. With mouth-watering features like online and offline gameplay modes, a quality game developed on Unreal Engine 5, and an unmatched reward system, industry experts are already branding Pikamoon as the best play-to-earn game in 2023.
This comes as no surprise, as the teeming community backing the new hybrid meme coin is a testament to this prediction. Experts believe a crypto project is only as successful as the level of support it receives from its community. Pikamoon has strong support from its flourishing community of crypto enthusiasts, experts, and investors with a proven track record of backing only the best projects.
Big brands are coming onboard, and the Pikamoon family is getting bigger by the day. Industry leaders like Transak, Kevuru Games, and Multiversx are turning the tide in favor of Pikamoon to create the greatest P2E of all time.
All of these and more are why investors and crypto whales are placing their full focus on the Pikamooon presale to secure as many tokens as they can.
Pikamoon Presale: The Easiest Way To Make Massive Profit In 2023
The Pikamoon presale is offering an opportunity of a lifetime, and investors are maximizing it to the fullest. Pikamoon grossed multiple six-figures in the first round of its presale, and reports are that the second round will be even bigger.
Each $PIKA token is going for as little as $0.0004 in the second round of the presale. The third and last round of the presale will see the token price reach $0.0006. This means massive profits for early investors, even before the coin launches on major exchanges.
Experts are saying Pikamoon has the potential to make as much as 30,000% for investors in 2023. Don’t miss this opportunity to make massive returns on your portfolio.
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