Litecoin halving approaching, Cardano building as Borroe presale progresses
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Next week, the crypto industry will closely follow the Litecoin (LTC) halving, which takes place every four years. Experts are monitoring the potential outcomes with interest. At the same time, investors are exploring Borroe and its prospects for 2023 as Cardano (ADA) continues to grow and develop.
Litecoin halving approaching
The Litecoin halving is scheduled for on or around August 2, 2023. It could impact LTC prices and the broader crypto ecosystem.
After halving, miner block rewards will drop from 12.5 to 6.25 LTC.
Historically, prices tend to rise before, during, and after halving. In 2023, LTC prices rose 37.3% in five days, driving the coin from $82.84 to $113.70 between June 28 and July 3, 2023.
Shortly after July 3, retail market participants and early bulls exited, forcing prices lower.
Experts expect higher prices following the halving unless significant macro events affect the crypto market.
Cardano building
IO Global, the experienced Cardano developers, has hinted at the release of Mithril’s mainnet.
Mithril addresses issues like chain synchronization, state bootstrapping, and trust problems by enhancing efficiency.
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