According to the BCH block half counter, the fourth largest crypto asset will undergo its halving on Wednesday this week, April 8.
Just like its big brother Bitcoin, block rewards will drop from 12.5 to 6.25 BCH while inflation falls from 3.64% to 1.8%.
The counter also adds that there are currently 18.37 million coins in circulation, which is 87.49% of the total supply.
In terms of on-chain metrics, the Bitcoin Cash hash rate is still woefully low, indicating that miners are continuing to capitulate or switch to mining BTC instead.
The current hash rate is 3.275 EH/s, which is down 34% since its 2020 peak and 58% since its all-time high according to bitinfocharts.
Rounding up this data, it seems that Bitcoin Cash will need more than a halving to rescue it this time.
The Memphis Grizzlies still have to win a game inside the bubble, and every game…
Over the last couple of years, cryptocurrency trading volumes have soared, due to the inherent…