The halving of the reward received by Bitcoin miners is one of the key events for the cryptocurrency market. Following the halving of the first cryptocurrency, there may be significant growth in ecosystem tokens such as STX, RUNE and ORDI. This is reported by CoinDesk with reference to the opinion of experts in the OTC department of Wintermute.
Note that according to CoinGecko data, the assets listed above have already shown significant growth over the past 12 months. In particular, the THORChain token (RUNE) rose from $1.6 to $10.4. Stacks (STX), which traded below $1 in April 2023, reached $3.8.
It is also worth noting the growth of the ORDI coin, which has gained 2500% since listing in September 2023. At the time of publication, the asset is trading near $75, according to TradingView
In addition, over the past seven days there has been a surge in traders' interest in Ordinals collections on the Bitcoin network, while activity on other blockchains has decreased by more than 90%:
The possible positive effect of halving is already taken into account in the current price of Bitcoin, says Fred Thiel, CEO of Marathon Digital. According to his forecasts, after the reduction in remuneration, the company’s break-even point will be $46,000 per 1 BTC. According to CoinShares forecast, the average cost of mining one coin will be $37,856.
Source: Cryptocurrency
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