Bittime -Bitcoin made headlines heading into the weekend, but the hype around the halving hasn't sparked a price spike - at least not yet.
Bitcoin Halving April 22, 2024
Shining Meme Coin
The latest Bitcoin halving occurred Friday evening, cutting miner rewards in half for the fourth time in history - but BTC itself wasn't the biggest winner in the crypto market this weekend. Instead, meme coins led the rise, with several leading tokens recording significant double-digit percentage gains in the past day.
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Dog-themed coins have been the biggest gainers so far this weekend, with Solana-based BONK recording a 37% price increase in the last 24 hours alone, surging to its current price of $0.000021 according to data from CoinGecko. BONK has returned to pre-crash levels on April 12 along with most of the rest of the market.
Ethereum and Solana Are Not Left Behind
While BONK saw the biggest swing so far among the top 100 coins by market capitalization, other dog-centric meme coins on Ethereum also fared well this weekend: FLOKI has surged nearly 19% over the past day to nearly $0.00017, and Shiba Inu ( SHIB) rose 14% to prices above $0.000026.
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Other interesting meme coins today include Ethereum's PEPE, up 13% to nearly $0.000006, and Solana-based Dogwifhat (WIF) , which is up nearly 8% to around $3.00.
Runes: New Hope or Just Turmoil?
There was tremendous hype surrounding Runes as project creators raced to be the first to launch Bitcoin tokens using the protocol, and users collectively spent millions to create and mint tokens during the first few blocks after the halving on Friday night. However, trading volumes have been relatively modest so far, according to data tracked by OKEx markets.
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The most traded Runes token over the past 24 hours, according to OKEx, was Satoshi Nakamoto, named after Bitcoin's pseudonymous inventor. The token had a trading volume of around $2.7 million during that span, with a market cap of $136 million and a price of around $6.50 Bitcoin.
Bitcoin itself failed to generate much short-term momentum after the halving. Bitcoin is up about 1.5% on the day to its current price of just under $65,000, and has only been up about 3% at most since Friday night's events.
Historically, Bitcoin's biggest post-halving gains occur a few months later when the effects of slowing supply increases begin to be felt across the ecosystem. However, post-halving price movements this time are entering uncharted territory.
How to Buy Ethereum (ETH) from Bittime
You can buy and sell Ethereum (ETH ) in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
Ethereum (ETH )is available on Bittime with the market pair Ethereum (ETH )To be able to buy Ethereum (ETH )on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Learn the complete guide on how to buy Ethereum (ETH ) on Bittime .
Monitor price chart movements for Ethereum (ETH ) , Bitcoin (BTC) , Ethereum (ETH) , Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Read also:
Top 5 Meme Coins You Must Buy After Bitcoin Halving, Check Out More!
Bitcoin and Ethereum Soar Ahead of Halving: Analyst Predicts Potential Supply Shock
Meme Coin War: SHIB vs PEPE vs BONK, Who is the Crypto Meme King?
DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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