Bitcoin halvings are not exclusive to Bitcoin alone. Other cryptocurrencies also undergo this process every four years. Here, we will discuss three other coins that experience halvings and analyze how these events impact their prices.
Bitcoin Cash (BCH)
Bitcoin Cash is the second-largest cryptocurrency by market capitalization that follows a similar halving schedule as Bitcoin. Despite some differences in features and market cap, both Bitcoin and Bitcoin Cash share a total supply of 21 million coins. Currently, there are about 19.6 million BCH coins in circulation.
Litecoin (LTC)
Litecoin, created in 2011, aims to address some of Bitcoin’s limitations by offering faster and cheaper transactions. LTC’s halvings occur every four years, but at 840,000 blocks instead of 210,000 blocks like Bitcoin. The block reward for miners is set to reduce from 6.25 LTC to 3.125 LTC in the summer of 2027.
Bitcoin SV (BSV)
Bitcoin SV, short for “Satoshi’s Vision,” is the third cryptocurrency with halvings. Despite ranking 67th, BSV claims to be the original Bitcoin blockchain, following Satoshi Nakamoto’s vision. BSV has faced challenges, including 51% attacks and delisting from major exchanges. BSV’s second halving took place recently on April 13, with limited data available on its price impact.
It’s evident that Bitcoin halvings generate more market excitement and price momentum compared to other cryptocurrencies. However, observing how these events unfold in Bitcoin Cash, Litecoin, and Bitcoin SV can provide valuable insights for investors in the cryptocurrency space.