Home
News
With Bitcoin halving almost here, the crypto community speculates its effects on Bitgert Coin. Such events have been observed to impact market behavior significantly and, for that matter, even investment tendencies. Bitgert Coin holders will need to stay informed so they can carefully steer through these upcoming changes.
Diving Deep Into Bitcoin Halving
Bitcoin halving is one of the technical mechanisms purposely created within the Bitcoin network. It lowers rewards for mining new blocks by approximately half every four years. It forms part of the consensus rules of Bitcoin. Moreover, it enforces a hard cap on the total supply of Bitcoins at 21 million.
After the first halving in 2012, the reward for mining a block was 50 bitcoins. It was cut to 25 bitcoins, then halved every four years chronologically. Halving is used to control the rate at which new bitcoins are introduced into the system. That’s a way of mimicking precious metals’ scarcity and deflationary characteristics. This decreasing supply schedule would have increased the scarcity of the coin. So, if demand remains stable or even grows, it may cause an increase in the value of the currency. The “halving” technically occurs when 210,000 blocks are mined. It traditionally has occurred approximately every four years. This predictably decreasing supply is essential due to its effects on miners’ profitability. That bears on the security and decentralization of the network.
All About Bitgert Coin
Bitgert (BRISE) is a blockchain-based platform that offers a suite of crypto products. Those products include wallets, audits, and swaps with Bitgert’s staking platforms. It is an exchange and a chain that was developed in 200 days only from the moment of launch. Bitgert allows staked incentives by rewarding its holder with BUSD. While the BRISE token serves this function, rewards encourage token holders to support scarcity to enable price growth.
Bitgert can be traded on various platforms, with PancakeSwap (v2) being the most active. The trading volume is deficient and has remained at $1,909,865 for the past 24 hours, indicating a relatively slow market. From the all-time high in March 2022, Bitgert has made an extraordinary fall. Still, Bitgert’s current price would manifest an unbelievable leap from the all-time low. It will solidify a volatile but potentially profitable asset investment. The market cap of Bitgert is $66,121,173, and the fully diluted valuation is slightly higher at $71,364,123.
This difference illustrates potential market growth if all tokens were to be issued, indicating long-term prospects. That way, with the Bitcoin halving, which always brings an interest increase and price rise within the crypto market, Bitgert could potentially benefit from it. It may spur increased altcoin investment, like BRISE, as portfolio diversification searches for yield and growth outside of Bitcoin, which is especially key with the array of Bitgert offerings and mechanisms for reward.
Bitgert’s Place Amidst Halving Times
Generally, Bitgert and nascent Bitgert-like altcoins have much growth and scope to gain in halving. If you are one of the Bitgert enthusiasts, now is the time to throw in your bet. However, we always recommend checking vetting sites for the latest Bitgert-related news before deciding your final put.
Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com and all its authors do not, and will not endorse any information on any company or individual on this page. Readers are encouraged to do their research and take any actions based on their findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com and all its authors do not and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.
Serena James has worked as a writer for different media houses in the past. Currently, she is working as a fundamental writer for thecoinrepublic, covering decentralized finance. When she isn’t writing, she can be found skimming and scanning Twitter and other websites to produce mind blowing breaking stories.
