Block reward halves reduce the rate at which new coins are generated on a given blockchain by 50%. Such events, jokingly known as “halvenings”, have long been anticipated by cryptocurrency traders as a catalyst for driving up the price of their cryptocurrency holdings.

Previous attempts to predict when Bitcoin’s (BTC) price would increase with respect to halves have proven inconsistent at best. However, few would be willing to quickly disregard the mechanisms described in the law of supply and demand. All things being equal, the demand for those coins – and thus the price of each – increases as the number of coins available in the market decreases.

With that in mind, here are four cryptocurrency projects that will see a block reward halving in the next year, when their issuance rate will be cut in half.

Verge (XGV)

Verge (XVG) will be halved on Jan. 25 when the chain reaches a block height of 4,700,000. At this point, the current reward of 200 XVG awarded to miners every 30 seconds will be reduced to 100 XVG.

With just over 11 days to go before the halving, the chance of anticipating the reduction in Verge’s offer can be assumed to be over. However, capitalizing block reward halves has never been an exact science, and often a coin does not respond to the event until afterwards.

XVG price hit a record high of $ 0.30 in December 2017, before dropping to $ 0.001 in 2020 for almost three years. Since the winter wave that took Bitcoin to a new record, Verge’s fortunes have turned. The currency registered a growth of 219% between November and the time of writing.

Tomochain (TOMO)

Tomochain’s (TOMO) halving will take place on February 7, when the number of TOMO coins issued annually will be reduced from 2 million to 1 million.

The Tomochain blockchain has block times of two seconds and every 900 blocks represents an era. A total of 250 coins are currently issued to miners for each era. This figure will be halved to 125 coins in February.

Launched in 2017, Tomochain uses a proof-of-stake consensus mechanism and is compatible with the Ethereum Virtual Machine. The imminent halving is only the second in the coin’s history, and also the last. From here, TOMO’s issue rate will remain the same until the coin’s total supply of 100,000,000 is reached.

Vertcoin (VTC)

The Vertcoin block reward (VTC) is slated to be halved on December 8, after which the number of VTC spent on miners will be reduced from 25 to 12.5 per block.

Vertcoin was forked from Litecoin (LTC) – itself a Bitcoin fork – in 2014 in response to the application-specific integrated circuit, or ASIC, machines invented the same year for Litecoin mining. Vertcoin strives to remain ASIC resistant and can be mined with a GPU.

Once a feature of the top 100 coins by market capitalization, Vertcoin is now in the mid-500s after a 98% drop from its all-time high in December 2017.

Ravencoin (RVN)

While not technically scheduled for January 2022, the first Ravencoin (RVN) reward halving is only 12 calendar months away and the issuance rate will be reduced from 5,000 RVN to 2,500 RVN per block.

Launched in 2018, Ravencoin is focused on the registration and trading of real-world assets on the blockchain. In 2018, the then little-known project received a surprising investment of “millions of dollarsFrom online US retail giant Overstock.

Ravencoin hit an all-time high in the $ 0.08 range in June 2019. Today, the coin is trading at a price of $ 0.016 – a 48% increase since its recent lows in November 2020.