Buy Биткоин BTC
Bitcoin (BTC)
Buy Эфир ETH
Ethereum (ETH)
Buy Ripple XRP
Ripple (XRP)
Buy Tron TRX
Tron (TRX)
Buy Polygon Matik
Polygon (MATIC)
Buy Solana SOL
Solana (SOL)
Buy Dogecoin DOGE
Dogecoin (DOGE)
Buy Avalanche AVAX
Avalanche (AVAX)
Buy Cardano ADA
Cardano (ADA)
Buy Polkadot DOT
Polkadot (DOT)
Buy Syscoin SYS
Syscoin (SYS)

Binance CEO considers new halving «unique»

Bitcoin: Binance CEO considers new halving «unique»

Binance exchange CEO #Richard Teng stated that the upcoming halving is happening amid special circumstances. Teng linked the upcoming developments to the following elements:

The approval of spot #bitcoin-ETFs, which has seen significant funds flow into the industry; the growing popularity of Tier 2 solutions; and the encouragement of the #DeFi sector in the bitcoin ecosystem, influenced by the popularity of the #Ordinals protocol. According to the #Binance CEO, historically, there has been a six-month post-halving price increase. It is noteworthy that Teng's conclusions coincide with the results of a study conducted by CoinGecko experts.

Nevertheless, the exchange chief emphasized that there are many variables to consider:

"While the aforementioned factors paint a promising picture for bitcoin and the entire cryptoasset market, it is crucial to manage the expectations of investors, especially those new to the scene."

Teng emphasized that expecting an immediate price change immediately after a halving is unlikely. He places more importance on indirect benefits such as wider adoption.

As a reminder, bitcoin halving is expected on April 20, 2024. We look forward to seeing what lies ahead!

Share this news and win 10 USDT with daily contest on CryptoFingers Telegram.
Press Releases: APU Apustaja: Official Sponsor of Matchroom Boxing Matias vs Paro
The management of the Apu Apustaja crypto token has announced that it will be sponsoring the Matchroom Boxing fight card between Subriel Matias and Liam Paro broadcast live on DAZN..
Press Releases: Holdstation Receives 7-Figure Investment to Enhance AI Wallet Technology
SNZ Capital, Summer Ventures, and EVG Ventures have invested a 7-figure investment in Holdstation’s Phase 2, marking a major milestone in the development of its smart AI wallets.
Press Releases: RunesTerminal Announced as Upcoming IDO on CV Pad
RunesTerminal, the first true infrastructure provider for the Bitcoin Runes ecosystem, has announced its Initial DEX Offering (IDO) on CV Pad. The IDO will feature a total allocation..
Press Releases: Announces Lead Asia Demo Day to Empower Innovative Blockchain Projects, the world's leading crypto exchange, is excited to announce the Lead Asia Demo Day in Seoul, a strategic initiative aimed at propelling the future of blockchain technology..
Make crypto bots for trading