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RE: Steemit Crypto Academy Contest / S12W2 -: STEEM Vs Bitcoin halving
Greetings friend,
Bitcoin is the dominant cryptocurrency in the crypto market, a change in its tokenomics will rub off on the less dominant ones. Hence, a positive change will most likely mean a positive change for all the rest tokens except the stable coins which a pegged to fiat values.
Hence, I am also of the opinion like you that the price of STEEM will be positively affected like the last halving process as you've rightly explained to us. Thank you for this knowledge shared with us.
Thank you so much friend for stopping by my post and I agree that Bitcoin is most dominant cryptography in whole market and it is at first number that's why any change and variations in its price also affect other currencies
I agree with you that in 2024 we will see an increase in the price of Bitcoin and most particularly we will also see in the price of steem token as a result of increase in Bitcoin price and decrease in its supply and increase in its demand
I also mistake if your entry in which you fully explain your knowledge in right way so I wish to success again and thanks for giving an extensive comment on my entry also