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The cryptocurrency market underwent a correction over the weekend, with the global market cap falling to $2.48 trillion. The price dip could be due to Irans attack on Israel, which has impacted global economics. Furthermore, rising inflation in the US has also led to investors becoming weary of risky assets, such as crypto.

However, with Bitcoins (BTC) halving just around the corner, we may witness a rebound in the crypto markets.

Bitcoin (BTC):

BTC has faced a 4.9% correction in the weekly charts, with prices falling to around $66.4k. However, with the asset undergoing its next halving cycle later this month, we may witness a sudden rally.

Also Read: Cryptocurrency: Top 3 Coins To Watch Out for in April for Maximum Profits

According to CoinCodex, BTC will hit a new all-time high of $74,621 on Apr. 20, 2024. Reaching $74,621 from current levels would translate to a growth of about 12.31%.

Furthermore, CoinCodex predicts BTC to continue surging over the next few weeks. The platform anticipates the cryptocurrency to hit $85,986 by mid-May 2024. Reaching $85,986 from current levels would translate to a growth of about 29.4%.

Toncoin (TON):

TON is one of the best-performing cryptocurrencies right now. The asset is up by 10.2% in the daily charts, 28.2% in the weekly charts, 34.5% in the 14-day charts, and 85.6% over the previous month. TONs recent surge could be due to positive ecosystem developments within the project. The asset recently overtook Dogecoin (DOGE) as the 9th largest cryptocurrency by market cap.

Also Read: Top 3 Cryptocurrencies That May Hit All-Time Highs In Q2 2024

Although TON recently hit an all-time high of $7.63 on Apr. 11, CoinCodex anticipates the asset to hit a new high this week. The platform predicts TON to hit $7.94 on Apr. 18, 2024. Furthermore, CoinCodex expects TOn to continue surging over the next few weeks, hitting $23.86 on May 13, 2024.

dogwifhat (WIF):

WIF is another cryptocurrency that is expected to hit an all-time high soon. The asset recently hit a new high of $4.83 on Mar. 31, 2024. However, according to CoinCodex, WIF could hit a new high next week. According to the platform, WIF could surge to $4.87 on Apr. 28, 2024.

Furthermore, CoinCodex anticipates the cryptocurrency to continue surging over the next few weeks, hitting $10.29 on May 13, 2024.

Read this article:

Cryptocurrency: 3 Coins That Could Hit All-Time Highs This Week - Watcher Guru

In an imminent event poised to upturn the world of cryptocurrency, this week will see the next Bitcoin Halving. This event will see Bitcoin miners rewards cut in half, from an existing 6.25 BTC to 3.125 BTC. As the pulse of the crypto-world quickens in anticipation, miners around the globe are bracing for a substantial loss of revenue following this halving event.

A report from Bloomberg paints a vivid picture of the potential losses. Bitcoin miners, who currently earn approximately 900 BTC daily from validating transactions, could stand to lose up to $10 billion annually. Once the Halving occurs, their daily income would dramatically plunge to 450 BTC. It is important to contextualize these staggering figures by acknowledging their projection is based on the current market rate of Bitcoin.

Although this loss of revenue could be softened if Bitcoins price experiences a sharp upturn following the Halving, miners understand that this is not a strategy on which to build long-term sustainability since they are likely to face subsequent bear markets. Such market downturns would inevitably lead to a decline in the price of Bitcoin.

This understanding has influenced larger mining operatives, such as Marathon Digital and CleanSpark, to take proactive steps to weather the upcoming upheaval. These miners reportedly have been investing in new equipment while simultaneously trying to edge out competition by purchasing smaller mining operations. This strategy could theoretically decrease the number of miners fighting for block rewards, and in doing so, soften the blow of losses in daily revenue.

Previous reports have also highlighted efforts amongst Bitcoin miners to diversify their range of operations, thereby enhancing revenue streams and creating additional income to buffer the impacts of the Halving. One promising avenue is the artificial intelligence sectoran industry well-suited to utilize the existing Bitcoin mining infrastructureand Bitcoin miners are eagerly seizing these opportunities.

The twists and turns of the crypto-sphere do not end there, however. The Bloomberg report also unveiled that US Bitcoin miners are grappling with unexpected competition in the fight for energy. Some of the worlds largest tech companies are vying for the same source of electricity to power their data centers, pitting these tech giants against Bitcoin miners.

Against the backdrop of these competitive pressures, there is a surge in electricity rates, further fueled by energy constraints within the US. Consequently, its becoming increasingly arduous for Bitcoin miners to maintain smooth operations within the country. Major tech companies often have the upper hand over Bitcoin miners in securing power due to their more consistent revenue streams compared to the volatile price-dependent success of Bitcoin miners.

In conclusion, casting our eyes to the Bitcoin price chart, it appears that many cryptocurrency enthusiasts are bullish about reclaiming control. Of course, like any form of investing, the crypto-world is not without its risks, and its essential that individuals do their homework and invest wisely. As with everything, the outcomes reside in the hands of the market and time itselfits a fascinating ride, indeed.

Read more:

Bitcoin Halving Set to Shake Cryptocurrency World, Miners Brace for Massive Revenue Drop - West Island Blog

Benzinga - by Benzinga Insights, Benzinga Staff Writer.

Over the past 24 hours, Stellar's (CRYPTO: XLM) price has risen 3.26% to $0.11. This is contrary to its negative trend over the past week where it has experienced a 20.0% loss, moving from $0.13 to its current price. As it stands right now, the coin's all-time high is $0.88.

The chart below compares the price movement and volatility for Stellar over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has risen 3.0% over the past week diverging from the circulating supply of the coin, which has decreased 0.18%. This brings the circulating supply to 28.88 billion, which makes up an estimated 57.75% of its max supply of 50.00 billion. According to our data, the current market cap ranking for XLM is #36 at $3.12 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Cryptocurrency Stellar's Price Increased More Than 3% Within 24 hours - Investing.com UK

The Bitcoin (BTC) Halving Phenomenon

Bitcoin (BTC) halving is a predefined event that reduces the reward for mining new blocks by half, occurring approximately every four years. This mechanism, part of Bitcoins (BTC) original design, aims to control inflation and extend the currencys issuance over a longer period. As the rewards decrease, the scarcity of Bitcoin (BTC) increases, which historically has led to significant price fluctuations and increased market volatility.

Implications for Bitcoin (BTC) and Broader Market

The halving event is often associated with bullish runs for Bitcoin (BTC), as reduced supply tends to push prices up if demand remains steady or increases. However, the uncertainty surrounding these periods can cause ripple effects across the entire cryptocurrency landscape, influencing other major cryptocurrencies like Cardano (ADA) and nascent tokens such as Option2Trade (O2T).

Cardano (ADA) in the Face of Bitcoin (BTC) Halving

Cardano (ADA), known for its robust technology and scientific approach to blockchain development, might experience indirect impacts from the Bitcoin (BTC) halving. Investors might shift their strategies, pulling resources from Cardano (ADA) to position in Bitcoin (BTC) or alternative investments like Option2Trade (O2T) that could capitalize on the markets movements. The anticipation and speculative nature surrounding the halving often lead to increased volatility, where Cardano (ADA) could either benefit from capital rotations or suffer temporary setbacks as funds flow into Bitcoin (BTC).

Option2Trade (O2T): A Rising Star Amidst Uncertainty

Amidst this backdrop, Option2Trade (O2T) presents itself as a compelling investment alternative. With its innovative approach to decentralized finance, blending AI-driven trading solutions with robust community governance, Option2Trade (O2T) is positioned to attract attention from both Bitcoin (BTC) and Cardano (ADA) investors looking for diversified exposure in the crypto market. The unique value proposition of Option2Trade (O2T), especially during times of uncertainty like the Bitcoin (BTC) halving, highlights its potential for exponential growth.

Why Option2Trade (O2T) Could Outshine Bitcoin (BTC) and Cardano (ADA)

As Bitcoin (BTC) undergoes its halving, and Cardano (ADA) navigates the resultant market dynamics, Option2Trade (O2T) could emerge as a more stable and promising option due to its innovative features and potential for high returns. The platforms commitment to leveraging advanced technology to enhance trading efficiency and profitability makes Option2Trade (O2T) an attractive alternative for those concerned about the post-halving volatility of traditional cryptocurrencies like Bitcoin (BTC) and Cardano (ADA).

Strategic Moves for Cardano (ADA) and Option2Trade (O2T) Investors

For investors holding Cardano (ADA) or contemplating an entry into Option2Trade (O2T), the Bitcoin (BTC) halving presents a strategic inflection point. Diversifying into Option2Trade (O2T) could provide a hedge against the volatility while offering the potential for significant gains. Similarly, maintaining a position in Cardano (ADA) might benefit those looking for stability and long-term growth in a project backed by a strong scientific and technological foundation.

Conclusion: A New Chapter for Crypto Investments

As the Bitcoin (BTC) halving approaches, the cryptocurrency market is on the cusp of another transformative period. For Cardano (ADA) and Option2Trade (O2T) alike, this event will test their resilience and adaptability. While Bitcoin (BTC) remains a key player, the innovative solutions offered by Option2Trade (O2T) place it as a potential leader in the next wave of cryptocurrency investments, promising both stability and high-yield opportunities in a fluctuating market. As investors continue to evaluate their portfolios, Option2Trade (O2T) stands out as a beacon of potential in a sea of uncertainty.

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Bitcoin (BTC) Halving Creates Uncertainty In the Cryptocurrency Market, How will This Affet Cardano (ADA) and 2000x ... - The Portugal News

Enlarge / Look, a generic render that looks vaguely like every other Steam Deck clone.

Playtron

Remember when "web3 gaming" was the hot new thing in the game industry? In 2022, it seemed like every other game maker was flirting with "NFT integration" or "blockchain support" or some other crypto-adjacent buzzword in one form or another. Then, throughout 2023, the whole idea quickly faded away as generative AI became the latest Silicon Valley obsession.

But some are apparently not willing to give up on the crypto gaming dream. Playtron and Mysten Labs have announced the SuiPlay0X1, a new Steam Deck-alike that is being billed as "the world's first blockchain native handheld games console."

Currently, the device seems to exist only as a few concept renders and vague promises about finally making "web3 gaming" accessible to the ignorant masses who don't even know how much they need crypto features integrated into their gaming portable. But even if those promises all pan out (a very big if), it's hard to see any real value that the 0X1 would provide over the current slate of gaming handhelds.

Very briefly, for those who have blessedly been able to ignore it, "web3 gaming" is an amorphous concept that captures pretty much any game that has some sort of connection to blockchain technology and/or cryptocurrency. For the SuiPlay 0X1, that means tight integration with the Sui blockchain, which claims lower fees, faster transaction speeds, and easier scalability than some other crypto coins.

By using Sui, the 0X1's makers promise the portable will have "the simplicity of being able to set up a [crypto] wallet like signing up with your Google account," a comparison that makes us wonder why they didn't just make an Android-based system that integrates with our existing Google accounts.

Web3 gaming advocates would claim that having these in-game assets tracked on a blockchain, rather than through some centralized game publisher's database, means you have fuller control over your "unique" gaming items. But any continuing value of these items still relies on them being usable in a gaming context, as owners of Ubisoft's Ghost Recon Breakpoint NFTs found once Ubisoft quickly ended support for the game itself.

In an interview with Decrypt, Mysten Labs Chief Product Officer Adeniyi Abiodun said that the 0X1's crypto integration will let game makers offer free tokens, assets, and other on-chain rewards and discounts to lure players to try out new games. They also nodded toward the possibility for some sort of token drop for all 0X1 owners that would help "subsidize" the cost of the device itself.

Playtron

Speaking of games store, Playtron boldly claims that the 0X1 will be able to "play everything from every store" through a "single launcher" in the upcoming Linux-based PlaytronOS. Playtron is "attempting to extract the PC gaming ecosystem from Windows and recontextualize in our own operating system," CEO Kirt McMaster told VentureBeat.

As for Playtron's promise that 0X1 users can "buy any game with your digital currency" using "payments that aren't encumbered with traditional payment rails," we'll just note that Valve stopped accepting bitcoin for payments in 2017 because price volatility and transaction fees made it unworkable. Maybe Sui has fixed these problems, but so far, evidence suggests that cryptocurrency is still more useful as a speculative asset than an everyday payment option.

Without even vague gestures toward key details like specs, price, or planned release date (beyond "2025"), it's hard to even evaluate how the 0X1 would work as a gaming device. When it comes to the supposedly revolutionary promise of web3 gaming, though, it's very hard to see the new features appealing to anyone but the most diehard of crypto fanatics.

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No one needs this cryptocurrency-powered Steam Deck competitor - Ars Technica