According to lightcoin (LTC) creator Charlie Lee, the August 2023 halving will play a big role in the development of the entire ecosystem.
Its underlying digital asset will appreciate against bitcoin by more than 700%. That is, the LTC exchange rate could soar to 0.025 BTC, Charlie Lee wrote on Twitter.
The leader of the development team reminded that litecoin has higher bandwidth and block volume.
In addition, the activation of the MimbleWimble update made the LTC network more private and secure.
Charlie Lee emphasized:
“The next halving will take place in about 92 days, and its consequences will surprise us all.”
The halving will result in a 50% reduction in miners’ reward from 12.5 LTC to 6.25 LTC.
Experts estimate that the supply of the cryptocurrency will also decrease by about 50%, which should push the value of the cryptocurrency up. For example, before the first halving of 2015, litecoin soared 450%