The Pre-Halving retrace is followed by multi-month re-accumulation (red)
This period can last up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
5. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth on its way to new All Time Highs
Approximately 70 days remain until the Bitcoin Halving in April 2024
Historically, any deeper retraces that occur during this orange period tend to generate fantastic Return On Investment for investors in the several months after the Halving
Generally, any retrace during this period likely represents one of the final bargain-buying opportunities for Bitcoin in the Pre-Halving period
In fact, Bitcoin performed a -18% retrace this past January already
Was that the retrace that historically tends to occur during this period?
In any case, if there is going to be another retrace in this Pre-Halving Downside phase, history suggests there is now a rapidly shrinking 7-day window for that to occur
2. Pre-Halving Rally
With the orange Pre-Halving period slowly coming to a close with only 7 days left...
Bitcoin is slowly getting ready to transition into the Pre-Halving rally phase
Approximately ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
In anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself
3. Pre-Halving retrace
After the Pre-Halving Rally has concluded...
A Pre-Halving retrace tends to occur a couple of weeks before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks, making investors question whether the Halving was a bullish catalyst on price after all
The Toko Token (TKO) crypto asset finally released whitepaper version 4.0 on January 31 2024. In this whitepaper, it offers the latest innovation development and roadmap which aims to increase crypto adoption in Indonesia and also benefit TKO holders.
One of the focuses of changes in the TKO whitepaper this time is the inauguration of the TKO Foundation. The founding of this entity marks an important point in TKO's journey, with the goal of ensuring continuity and expanding the utility of the token. With a focus on token development, TKO Foundation introduces an ambitious new roadmap and management team.
This strategic move also reflects changing market and regulatory dynamics, underscoring Tokocrypto's commitment to compliance and transparency. The formation of the TKO Foundation not only strengthens the position of the TKO token in the market, but also promises new innovations and initiatives that will add value to token holders.
Whitepaper V4.0 in-depth discusses the challenges and opportunities facing the Indonesian crypto market. From strict regulations to the importance of public education, Tokocrypto and the TKO Foundation demonstrate a strong understanding of this ecosystem.
The BTTC ecosystem is powered by its native token, BTT, which was initially launched as a TRC-10 token on the TRON blockchain. The token was later migrated to the TRC-20 token standard, enabling greater use cases for integration with smart contracts as well as compatibility with Ethereum's ERC-20 token standard. The BTT token was first launched to encourage file seeding on the BitTorrent peer-to-peer distributed file sharing network. The program is known as BitTorrent Speed and rewards users with BTT tokens for seeding files via an integrated wallet in their torrent client. Apart from rewarding seeders, BTT can also be used for payments for BitTorrent products. On the decentralized finance (DeFi) front, BTT is the governance token for the BTTC DAO and also serves as a gas token for the chain, power transactions and validator rewards. Additionally, like many other tokens, it can be used as collateral on platforms such as JustLend on TRON, where users can borrow against their BTT tokens or borrow BTT tokens against other deposited collateral. In fact, over $9.1 million worth of BTT tokens are currently supplied on JustLend, TRON's largest DApp and lending protocol.
BTT is also officially accepted as legal tender in the Commonwealth of Dominica, after approval was passed in October 2022, granting status to all cryptocurrencies on TRON, including JST, NFT, TRX, USDT, USDD, and TUSD. #Write2Earn #bttc $BTTC
Solana Validators Prepare to Restart as Network Experiences 'Major' Outage
The Solana blockchain experienced a major outage today and stopped block production around 10:22 UTC.
Nearly an hour later, Solana validators were preparing to restart. They will restart the Mainnet-Beta cluster using version 1.17.20; jito-solana release is also available.
The incident comes a year after Solana experienced a two-day outage in September 2021. Despite rapid adoption, Solana has faced persistent technical issues that required several restarts.
According to a post by a validator on X, the latest outage degraded performance on Solana Mainnet-Beta, preventing new blocks from being added. As a result, transactions piled up that went unprocessed for more than 25 minutes — an eternity for a network designed to complete blocks every 400 milliseconds.
The effects of the outage became visible through the crypto ecosystem. SOL prices sank nearly 3.5% amid the uncertainty, falling below $94 from Tuesday's open above $97. #Write2Earn $SOL
Avalanche will release 9.54 million AVAX tokens worth more than 344 million USDT, which is a major event that is attracting the attention of investors and market analysts. At the same time, this release represents a major injection of tokens for a project that has been trading at an average volume of around US$ 400 million over the past few months.
AVAX) is currently valued at US$ 34.45 and has maintained a stable price action range, with a high of US$ 35 and a low of US$ 32. The upcoming token unlock creates doubt regarding the likely market response.
Manta Network's MANTA token continues to increase in price and is currently valued at US$ 3.58 and reached an all-time high of US$ 3.84 on January 28. Additionally, the two-tier structure, consisting of Manta Atlantic and Manta Pacific, offers greatly reduced fuel costs and a thriving ecosystem with more than 150 projects.
MANTA token, which grew by 69% in TVL in January and maintained a constant inflation rate, is on the growth path. Therefore, it could be an option worth considering for investment in February 2024. #Write2Earn $MANTA
As for Sui's recent performance, the SUI token price showed impressive growth in the market, reaching 100% in January 2024. Additionally, the token's TVL jumped significantly, placing it among the top 10 in terms of TVL. Additionally, the demand for SUI tokens, strategic partnerships, and its presence in gaming and other markets prove that this project has the potential to be developed further. #Write2Earn $SUI
Celestia's entry into the market in October 2023 was spectacular, with the TIA token seeing a surge of over 500% to an all-time high in December. Despite a recent decline of 16% from its peak, the token's current price range and positive weekly and monthly performance indicate strong bullish control. The scalability of the Celestia network is poised to attract a larger user base, possibly pushing the value of the TIA token to a value of US$ 35 in the coming months.
The SEI token on Sei Network has shown massive growth, rising from US$ 0.007989 to US$ 0.8755, an increase of almost 7500%. However, with a slight decline in the past week, the token price range between US$ 0.59 and US$ 0.6441 reflects a remarkable increase of 2.54%.
The growth of the network covering various industries and high capacity to handle transactions creates greater development opportunities. However, the expected release of Sei v2, which will incorporate the Ethereum protocol, is likely to push the value of the SEI token to unprecedented levels, with estimates showing an increase to US$ 3.2.