As you might know, Bitcoin is taking the lead on the cryptocurrency market and what has triggered the Bitcoin price boom has drawn a lot of attention. So, what pushed the price up in such a short time? In addition to the new potential technology, security and the decentralization of Bitcoin, FOMO and the participation of major countries and companies in cryptocurrency world, there is a rule behind Bitcoin’s skyrocketing, called halving. Whenever 210,000 Bitcoin blocks are solved, the reward for digging from 1 new Bitcoin Block is halved. Halving, which happens every four years, is the occasion when Bitcoin mining reward halves. Thanks to it, the total amount of Bitcoin generated is limited at 21 million BTC.
After the first halving in late 2012, Bitcoin price increased to $ 1,000 at the end of 2013. The 2nd halving in July 2016 brought the price of Bitcoin to $ 19,000 at the end of 2017. With the 3rd halving in April 2016, the possibility that Bitcoin price would rise sharply is widely predicted. Based on the history, many people expect that the price will rise to $80,000, even $100,000. Let me tell you, the price will certainly grow, however, it will appear not so significant. It would be more reasonable to expect Bitcoin price to rise to around $14,000 - $15,000. So the question now is - should we invest in Bitcoin now?
Bitcoin mining is getting harder and harder; the increasing cost would definitely reduce the final interest. After each halving, the increase of Bitcoin price has led to the strong growth of Altcoins. Let’s leave aside those new altcoins, which have just recently been launched, not yet built up a brand name, suffering from low liquidity; and talk about the top altcoins. They stand at the top on exchanges, have well-known brand names, high liquidity and guarantee profit with a low risk rate. With the advanced technology, low mining costs, investing in Altcoins will be much more beneficial than Bitcoin. These coins are worthy investments we should choose.
Take a look at the top 20 coins on Coinmarketcap. If you’re interested in Altcoins investment now, I would love to introduce to you a project name CryptoStake. In this platform, cryptocurrency holders stake their coins to the platform. The company will start the mining / minting process to duplicate the coins and eventually pay for investors their profit. The total Return on Investment could be up to 150% of initial capital. Sounds interesting, right? No hard work, just stake your coin and enjoy profit paid everyday.
CryptoStake also provide their investors with Giga Wallet - a digital wallet where you can store various types of cryptocurrency. Users could track balances, easily swap between coins and do other functions to manage their cryptos. It is a multi-chain wallet that helps you to take full control of your assets.
Millions of people have joined and already benefited from CryptoStake. What are you still waiting for? Register right now under the link and join our community!
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