Halving Hysteria & Helium’s High-Flying Migration: The GOAT Daily News
Rise and shine GOAT squad, it’s time to feast on today’s crypto news, filled with humor, insights, and a dash of caffeinated madness.
Grab your coffee and let’s get this party started!
CZ’s Bitcoin Halving Hype Explained
Ever wondered what makes Bitcoin so special? Two words: limited supply.
Satoshi Nakamoto set two conditions when launching BTC: a max supply of 21 million coins and halving the miner reward every 210,000 blocks.
Halving events reduce inflation and can lead to increased demand and higher prices. Let’s take a trip down memory lane:
- 1st Halving (2012): 1 year before and after the event, BTC went from $2.5 to $1,007 (+40,180%). That’s a heck of a party!
- 2nd Halving (2016): 9 months before and 1 year after the event, BTC jumped from $230 to $19,600 (+8,400%). Talk about FOMO!
- 3rd Halving (2020): Before the event, BTC saw a 17% overall increase, reaching a peak of $69,000 (+700%). Not too shabby!
The 4th Halving is set for April/May 2024. Will history repeat itself and give us another wild ride? Only time will tell, but we’re ready with our party hats on!
Helium’s Smooth Migration to Solana
Helium, aka “The People’s Network,” rewards users for sharing their wireless network with HNT tokens.
In September last year, 81.4% of the community voted to move from Helium’s Layer-1 blockchain to Solana.
But how did they do it? Helium minted an NFT for each of the 991,000+ physical hotspot nodes, using Solana’s “State Compression” feature.
The result? A stunning $113.10 in gas fees for 1 million NFTs! That’s cheaper than a fancy coffee!
Takeaways: Migrating blockchains is no small feat, but Helium pulled it off like a champ. Combining blockchain technology with hardware could be the next growth area for Web3
Quick Bites
Shitcoin Trading Pro: One savvy trader turned 0.013 ETH ($25) into 2.52T PEPE ($816K) for a 32,000X profit! That’s some serious skill!
Whale Watch: A dormant whale holding 6,071.5 BTC ($178M) just moved 2,071.5 BTC ($60.7M) after 9.3 years. Time to buy a yacht?
“Compound interest is the eighth wonder of the world. He who understands it earns it; he who doesn’t, pays it.” — Albert Einstein
That’s all for today, GOAT squad🎉The crypto world is ever-changing, and I’m here to ensure you stay ahead of the game.
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Catch you tomorrow. Until then, stay safe, stay curious, and keep grazing, my caprine comrades.
GOAT out ✌
