The post 5 Hottest crypto presale for August 2024 – Bull Run next x100 appeared on BitcoinEthereumNews.com.

During a bull run, the price of Bitcoin (BTC) increases significantly. When this happens, the entire cryptocurrency market often follows suit, with prices across various digital assets rising in tandem. While established cryptocurrencies like Ethereum (ETH) may see more moderate gains, new and serious cryptos like EarthMeta can experience explosive growth, potentially increasing by as much as 100 times. To understand why everyone is talking about a bull run, we need to first explain what a Bitcoin halving is. Imagine you’re working at a lemonade stand. Every hour, you get paid with two lemonade tokens for your work. One day, your boss decides to cut your pay in half, so now you only get one lemonade token per hour. This is similar to what happens in a Bitcoin halving. The reward for mining new Bitcoins is cut in half, reducing the number of new Bitcoins entering the market. Historically, these halvings have always led to significant increases in Bitcoin’s price and therefore increases in all the crypto markets. Let’s look at what happened after the first three halvings: First Halving (2012): A year after this halving, Bitcoin’s price skyrocketed from $12 to $1,150 – an increase of over 6,000%. It’s like buying a toy for $12 and then a year later, that same toy is worth $1,150.  Second Halving (2016): Bitcoin’s price rose from around $650 to nearly $20,000 by the end of 2017. This is like buying a bicycle for $650 and then being able to sell it for the price of a small car just a year later. Third Halving (2020): Bitcoin soared from about $8,700 to an all-time high of $69,000 in 2021. Think of this as buying a used car for $8,700 and selling it later for enough to buy a luxury vehicle. One reason for…

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Filed under: News - @ August 4, 2024 8:20 am