Bitcoin Forum

Similar to Bitcoin, Litecoin block halving event takes place every 4 years. 2023 is the year when it will happen again. The current block reward is 12.5 LTC which will be reduced to 6.25 LTC. Initial block halving happened in 2011 and the reward was 50 LTC. 

https://i.imgur.com/AHzw7LYm.png


The last halving which happened in 2019 did not have a big impact on the price of Litecoin. Do you think this year's halving will have any impact on the price? If yes, then how much will be the target price?

Just like with BTC, each consecutive halving has lower fundamential impact on price:


I don't expect any effect on the price. Other factors will play a much more important role, such as the environment (f.e. bear/bull market on bitcoin). Especially since the previous halving did not give much, so unlike bitcoin halvings, there is not even a psychological impact on the price here.

This thread belongs to speculation (altcoins)

I see your second post (which I quote) to be different. There is no comparison about bitcoin halving and litecoin halving. Even litecoin and other altcoins are moving in price proportionally with bitcoin price and with bitcoin halving having the effect.

Exactly this is what I expect. I either do not expect any significant effect of litecoin halving on litecoin price. The effect litecoin community will be expecting is bitcoin halving, because it will have effect on the price of altcoins, including litecoin.

So far, it is very difficult to say what the price will be, since there is still a lot of time before the halving. Many factors will depend on the future price, such as the state of the market at that time and mention in the media, if old and new investors show interest in this coin, then you can expect a price increase, otherwise not.

Bitcoin vs Litecoin are no comparison since both have difference in the network blocksize and reward size too and just as you mentioned, Bitcoin has undergone a few halving cycles and after each of those halving cycle, there is always a market rise but same can't be said with litecoin and even though it block seize reduces after every halving, the price never increase in form of a bull market and that is one of the set back with litecoin own halving.


But since scarcity equals an increase in value, who knows if Bitcoin will make a good value in price after this halving, it could have been easier for Litecoin to ride on the wave of Bitcoin to achieve a possible bull market alongside with bitcoin, but since Bitcoin halving comes before Bitcoin halving that will be hard for only Litecoin to moon easily after every of it halving cycle when the block sseizesare reduced.

If you looked at the recent halving events including Bitcoin they have become buy the rumor, sell the news, most people especially whales would have positioned themselves for trade like this and will sell during the main event, since the knowledge is an open secret, people will front run themselves into the trade and when the event occurs there won't be any buyer again, I expect at least 50% profit from now till the time of halving and the price correct again. Another thing is that Litecoin has lost its significant role in the space, OG's are the ones talking about it, not the new set of traders entering the space

If you look at history, Litecoin halving events don't have much effect on Litecoin prices, such as Litecoin halving events in 2015 and 2019
Only Bitcoin halving events are very influential, both for Bitcoin itself and all existing altcoins.

*https://www.bitdegree.org/halving/litecoin-halving

No doubt that bitcoin's halving is something else and if it's with Litecoin, I don't think that there's much impact.

Even with this: Litecoin price poised for 700% gains vs. Bitcoin, says Charlie Lee  (https://cointelegraph.com/news/litecoin-price-poised-for-700-gains-vs-bitcoin-says-charlie-lee)

This is pure PR and speculation but take a look back at the past where the halving of LTC happened, do you see some good impact on it? Because for me, I haven't seen such.

There are many blockchains that have a halving event especially those bitcoin copy/paste clones.  No reason for these to pump on theor own because of a halving.  Bitcoin it does because of the amount of coins on the selling block get smaller and usually with static demand will cause an increase in price.  This doesn't happen with other coins because if bitcoin isn't running either does anything else.

There might be no huge impact for the LTC halving but with its current price, I still see a big opportunity to accumulate. There might be a huge chance for the halving along with the bull market, and probably the price of LTC will pump. BTC halving are the most anticipated halving, its hard to compare this to LTC halving. If you see big opportunity with LTC, better to grab it now while its cheap, personally I’m trying to get more LTC now.

altcoin halving much more litecoin halving doesn't seem to be relevant, no one really bats an eye towards such event, only bitcoin halving is relevant.
this time around i'm sure this litecoin halving will do absolutely nothing to its price let alone influencing overall cryptocurrency market general trends currently.

agreed with what everyone else has stated, litecoin too much irrelevant to be game changer.
but quite good enough for safe investment I guess, but consideing the fact that it has lost its place in the cryptocurrency rank by market capitalization maybe it's not really good of an investment at all.
but then again there are many coins released every month out there which are technologically advanced.

When there's a halving people expect price to increase uncontrollably because of its reduction. But for sure there may not be much impact on the price because bitcoin increments surely affects the whole lots of the entire cryptocurrency market, now there are two things possible either after halving there will be increase or decreased but general price increase depends on bitcoint and this will happen after next year.

it seems that what you say is true and real, it has become a public discussion rather than just focusing on the litecoin halving, because it is not commonly discussed and is indeed irrelevant. Halvings are usually for bitcoin because it's such a trend that broadly affects crypto in general that it deserves to be talked about and the rest is almost unheard of, so you're right in saying that no one is going to pay attention to it.

I feel this event will also have little effect on the price of Litecoin, and will mainly depend on the volatility of bitcoin. More realistically I have not seen any significant effect of halvings with LTC, and what people will pay more attention to the BTC halving phase is still a long time away from us. such a hot topic.

That's the impact from the bitcoin halving. Litecoin halving does nothing that affect its price. Litecoin halving was not special thing for me to be honest. I don't know why people are still seeing it as something relevant that was contributing to the price increase that happened in the market.

We are less than a year from the next bitcoin halving. The price of litecoin may surge after bitcoin halving.

Litecoin halving will never ever have and impact to the price of litecoin itself. I don't even put target for litecoin but surpassing the old ATH after bitcoin halving may still possible for litecoin.

Yes, most likely the halving of LTC will have an impact on the price increase.

I expect in the near term if LTC closes weekly above $100, its near target will be $130.

In the long run, I expect $200. But if there is a big rise, it will not be before the start of the market bull.

So far it hasn't been a good buy signal. If anything i would short litecoin when halving happens. But i might wait couple of months and buy after that if past is repeating in some form. But i think that charts seem even too obvious and if enough people are looking at it like me, price could be priced in and it could behave a little different this time. So much so that i am not shorting after all or touching it. It's pointless old altcoin after all.

I believe that the effect of the Bitcoin halving event will occur before the event, so for me, since it is less than 100 days, more or less 3 months. I believe it already started. As you can see the price of Litecoin become stable and difficult to see huge dumps even if the market is dumping.
But for me, it will not be just like Bitcoin but we should also consider it because most of the time that's what happens on Bitcoin.

I began to forget that altcoins work similarly to Bitcoin and that it has a halving. even Bitcoin Halving needed about a year to have a clear effect, and therefore we will not notice a change in the price at the present time.

Returning to this chart, it seems that the effect needs more than a year, but it is related to the upward movement of the bitcoin, and the bet is that the halving for one unit is sufficient to cause a change in the price that is not supported by historical evidence.

Technical developments will make a bigger difference, as they will increase demand in a short period of time and expedite the effect of the decrease in supply.

Not sure if we are or we can expect big impact for litecoin this coming halving as the last one is kinda failure and yes did not contribute to what people are expecting .

Litecoin is indeed a former ranking 3rd currency and stays there for a while , but after what had happened in change of hads?  not sure if there is something best we can look at.
but for those who are holding litecoin or planning to invest?
try not to frustrate yourself  once the movement goes sideways, be ready to what will bring you .

Litecoin futures prices, especially around the time of the halving event, are influenced by a multitude of factors. Market sentiment, investor interest, media attention, regulatory developments, macroeconomic conditions, and technological advances can all play a role in determining price trajectory. While it is possible to create excitement and speculation, leading to increased attention and potential price movement, it is not certain whether it will increase or not.

Don't forget that Litecoin is the second altcoin ever created, the first being Namecoin, which forked from Bitcoin, meaning that they're quite similar. Anyway, the halving won't make Litecoin explode, that's for sure; however, it's notable to mention that despite the current bear market, Litecoin has been performing great. Its price has been on an upward trend for quite a few months now, moving slowly and steadily. It may no longer be the third cryptocurrency on CMC, but it's definitely an honorable mention, worthwhile, and trusted, as it is almost as old as Bitcoin.

And still, the same things happen as before, it creates little to no impact on its price rather than thinking that causes a larger effect like Bitcoin halving. It is because only a few people have an interest in this project and that volume isn't big enough to drag the market demand and increase it. Even this time as it is very close to its halving date, only a few people know about it. Therefore, it was difficult to say that this would have a huge impact because people are not buying this coin.

I'd rather be expecting its price to pump during the bull season, not during its halving.

This is why we an only speculate on what may possibly happen to its market before and after the halving event.
If you want to invest on this old alt, you need to keep up with what is actually happening in terms of development.
You can also head to their site and see their updated news - https://litecoin.com/en/news.
In this way, you know what are their doing before the halving that may possibly influence their price in the market.
Because even if the halving is near and you can't read any good developments, what can it do to have significant impact on its price.

Just like on what happened on that Shanghai upgrade on ETH, is there some significant movement of price despite of the update and developments? Therefore you cant really conclude that it would really

be giving out assurance that there would really be some movements.It is really just that there are some updates which arent significant or didnt really give any huge impact on projects development.
Gas fees are still on the roof and havent solved out on what many been murmuring. For LTC, im not really that much aware about its development but its true that once halving event do happen
then it cant really be avoided not to think about bullish sentiment on which lots would be anticipating that price would really be going high
but its true that events or updates doesnt always mean about going up, some would really be just moving sideways or doesnt really have any effect at all.

Didn't know LTC halves. I always love hearing about LTC though. It was one of my first coins way back when I was learning about crypto.
and Honestly its only coin i actually use for payment.
Its widely accepted on the internet and fees are insignificant (compared to other often available crypto options).
Its fast and it doesnt make me anxious when sending like ETH and BTC tend to!

I'm starting to see more and more information coming out about this, but basically what I've learned in this market tells me it doesn't mean much just a small reaction to the news and who knows. soon it may well be profiting from early speculation on Litecoin.
But in general, Litecoin or many other altcoins in this market are still subject to bitcoin's volatility, and people will be more interested in how bitcoin will perform before going to their own news. each altcoin.

we still have the opportunity to invest in Litecoin and get profit, because I believe that when Litecoin halving occurs, then of course the price of Litecoin will increase very higher than the current price, therefore I will not miss my current opportunity to get a lot of profit from investing in Litecoin, because now is still the right time to invest in Litecoin before Litecoin halving occurs.

Litecoin developers really missed the opportunity to show the world what its truly capable of achieving, just look at what the ordinal team has been able to achieve on Bitcoin and its progress, it should have at least positioned itself in this direction since almost no one is using it, whether people like it or not these tokens will keep coming, Rootstock and Stack's team have tried it and people won't stop until they find a working solution that people will adopt. The halving will come and go followed by some pump and then dump but the Litecoin team needs to give more and stop hiding under the assumption that it is Silver to Bitcoin Gold

Let's back to the main concern is whether litecoin will give price impact or not and as you said that above if litecoin halving will not give nothing. This is old coin but litecoin is not even better compared with the new coin in the market.

The fact that if doge coin has got more trust from crypto users rather than litecoin here. I think that how old the coin doesn't matter a lot.

I see that Litecoin is trying to breakout but I don’t think it’s halving is as important as bitcoins. This is going to be most likely a buy the rumor and sell the news type of event.

Usually when Litecoin rally’s what happens is that Bitcoin rallies right after. However the last few times this happened it marked the end of the pump. It seems people buy LTC and then swap to BTC and then tether up and the cycle repeats.

It is difficult to predict the exact impact of the upcoming Litecoin block halving on its price. Cryptocurrency prices are influenced by numerous factors and can be unpredictable. Conducting research and staying informed about market trends is recommended for making informed decisions.

This halving might be different from the past so let's not be negative for a while but try to be positive especially if you are investing in litecoin. See other old coins like solana? They are not doing well in the past but they only shock the public one day because their price suddenly burst. The same thing can also happen to litecoin.

What do you mean by change hands? Did the original developer of litecoin sell his project to other people? But maybe this new owner can improve the coin better than its previous team. Frustration should not be experienced before we invest and much more if we already have the coin as it can't contribute anything good to us.

this halving will probably bring slight increase, but definitely doesn't mean litecoin could compete with other newer coin like arbitrum and many other in term of potential.
i think at best it will just make some small increase then it's done.

that much is true, halving doesn't always guarantee increase, even with bitcoin halving sometime it does absolutely nothing so i'd be refraining from thinking that halving could actually increase anything.

Of course another expectation mate , while I can just choose other coin that more safer to invest.
I know that this market is a risky investment but why push to riskier when there are other safer position?
They will of course as Litecoin is one of the first altcoin ever created back in 2011 and year for 12 years of existence ? still holding this long in ranking.

Of course, if we talk about the potential, then Litecoin lost it a long time ago. It seems that the halving will be the last bright event, since it is simply not interesting for new users who come to crypto. I do not see any interesting news and developments from the developers.

Bitcoin halving surely has a price impact before and after that but I am not sure regarding with Litecoin's halving though it will bring good significance towards the future for Litecoin. Perhaps it can go parabolic or not but the important part that it will bring forth more adoption towards it especially with the upcoming bull market seasons.

This is not the first halving in Litecoin, how many times have you seen the price rallying like crazy in the past halving's. I do not remember a time when the price of any other coin rallying simply because of halving and the only coin that will make an impact is BTCitcoin.

Investing is your choice but to claim that the price would rally in the upcoming halving while i have not witnessed any in the past halving's, if you are aware of any secrets, do let the community know about why you think there would be a rally this time  ;) .

I hope people are not really getting carried away but this Litecoin halving hype; I have seen it over and over before that this is a buy the rumour sell the news event if the team has something else lined up with the upcoming halving I might have been a little bit excited but IMO everybody seems to be in the trade now so who is going to buy, what is left here is side movement of the price until few days to the halving when the price will dump. Good luck to you

halving litecoin is the same as halving bitcoin and of course it can have an impact on the price of Litecoin itself,
Litecoin has halving in several years ago and it's been proven that Litecoin price has gone up after the halving,
so my conclusion is that there is a high probability of a pump opportunity being very high,
i myself too wouldn't pass up the opportunity to buy LTC on the cheap price.

i wouldn't consider both halving the same, bitcoin halving also affects the price of altcoins in general making the halving more meaningful, but with litecoin, maybe it doesn't. i honestly never observe how litecoin thrive after halving, whether it's gonna be that impactful or not, but I guess it will have some impact.

Well now we are waiting for 62 more days for the third halving of LTC.  https://www.nicehash.com/countdown/ltc-halving-2023-08-06-11-00
Crpyto analyst Michaël van de Poppe believes the next few days will be important. LTC current price is close to $91. The price point of $93 will be important to pass to start the next halving rally.
https://dailyhodl.com/2023/05/29/popular-analyst-says-litecoin-ltc-halving-rally-now-in-the-cards-heres-his-outlook/

Halving will always have a good impact, not only the halving of Bitcoin, but several altcoins that have experienced halving have also experienced an increase,
because the supply in circulation will decrease and demand will certainly increase, Litecoin is one of the top major altcoins, so there is no need to ask again about demand,
which is clear, Litecoin halving will actually make the LTC price go up.

The first halving of Litecoin (LTC) took place in August 2015, with the block reward reduced from 50 LTC to 25 LTC per block. Subsequently, the second halving took place in August 2019, where the block reward was reduced from 25 LTC to 12.5 LTC per block. With the third halving approaching, many people are expecting a surge in the price of this altcoin. But the reality is that the Altcoin's upward surge is not as expected as seen in the history chart, so I think don't expect too much from the LTC Halving Event.

The fact that the supply will decrease after halving is understandable, but why should the demand increase after halving? We can expect that after halfing, litecoin will reach ATH only if the market is bullish by then. In this case, the price increase exceeded all expectations and reached more than 1000%, as it was in 2021.

demand will increase because Litecoin is an Old altcoin and has been in the top 20 altcoins since 2013 and until now altcoins are there with a large marketcap,
even Litecoin can be sidelined with Bitcoin, that is the reason that the halving of litecoin will also have an impact on LTC prices.

for now, Litecoin halving will occur in the next 59 days, but with the current market situation (down), then I can't expect too much for Litecoin price, but I still do DCA Litecoin, because I'm sure the price will definitely increase, but maybe Litecoin haven't been able to reach its ATH price during Litecoin halving, unless the market is having a bull run, then it's possible for the price of Litecoin to reach its ATH price or even create a new ATH price after Litecoin halving.

I don't know how this can be helpful at all when they are not affecting the positioning of Litecoin even after halving .
also back in those year when litecoin is the ranking 3rd? the action of this coin changes suddenly in just short period of time .
and now canot take back the position and remaining to what it seems to be till now at rank 12.

https://coinmarketcap.com/currencies/litecoin/

That is according to CMC record.

Unless BTC acts in the positive direction this halving of Litecoin will have little effect on it price. Last halving the price fluctuations was very little. After Bitcoin hit a new ATH there was a major change in the price of Litecoin. I am not expecting anything at the moment from it. It is still one of the favourite coins to mine.

 
All people hope that the price of litecoin Can return to ATH amd then it is very difficult for the price of Litecoin to return ATH even though Litecoin halving and my prediction is that the price may only increase by at least 2-3x from the current price, but hopefully I'm wrong and at the time of Litecoin halving, market conditions have increased again and the price of Litecoin can increase very high reach ATH or even make a new ATH price.

Don't expect the price to be able to pump with halving Litecoin,
because even when the bear market is as bullish as any altcoin it will still be difficult to go up,
especially Litecoin is one of the top altcoins,
where the top altcoins have a large market cap and if you want to pump the market cap you have to exceed it

tbh i myself realy like Mining Coin then Staking coin. the PoW is really good justufucation for valeu of coin. Ltc, BTC, Dash or even dodge will never die. the halving of LTC now will bring this coin Above $1000 i believe it. charlie also looked like he already sold all his LTC

Naah, I don't think just the same as previous halving it will not give any effect, at least not significantly to Litecoin, in my opinion even until right now Litecoin price movement is still dependent on Bitcoin, even the Bitcoin price will have more significant effect to Litecoin than it's own halving.

Look at market action, the money flow in to bitcoin which is non securities entity. Bitcoin, dodgecoin and ltc also non securities entity. People will lose their trust a little bit after this situation. They will remember which one is the best for store of value. And remember that people who put their money in to crypto usualy did not trust fiat. They want to exit fiat so bad

it is not easy for Litecoin to increase in price, it seems that it still requires a significant new bitcoin pump to see that there will be changes to Litecoin. coin that made my economy better, getting to know faucets in the past. Litecoin's big double increase that I watched during the bull run happened because the market was all green

August 11th 2023 and yes it's less than 59 days to the halving,
and Litecoin still hasn't broken the $100 resistance and what happens is Litecoin could go to $50 to $70 again,
to be honest it's been a bad year for altcoins, usually ahead of halvings altcoins will go up but litecoin this time is very sad.

there is a FUD season where people want to buy bitcoin at lower prices, making altcoins slow to recover like Litecoin. maybe next month july will look better than before because there are some double propagation of government elements who are playing a role behind the scenes to make the altcoin market bleed. now it is only a matter of time, Litecoin could very well create a new ATH in the next season

I think it's quite important to remember that Litecoin is not securities and SEC can't investigate anyone about it, that's the important thing, if there is nobody at the top of a project then they can't look into it, they can't ban it, they can't punish it, give it a fee, jail or anything else because there is nobody, it is fully decentralized.

This is why litecoin will do better, it's not going to be a single day but that's not going to be a problem and hopefully it will become a bit better. I know that it will be a good period but that doesn't mean that we won't see it happening anytime soon, it will be a situation that will benefit everyone all at the same time. I know it's not that easy, but it would be a good time to actually buy litecoin now and wait for this halving.

litecoin price will just follow the path of bitcoin regardless whether its gonna have some halving or not.
after all seeing the chart of litecoin from the past few years it's always following bitcoin, so I don't really agree with the idea that with halving it will somehow sky rocket in value.

It may not give a sky rocket value but the possibility of jumping up a lil bit is always possible.
However, it will only be short lived as the anticipation will go down especially if the litecoin team doesn't have much news for this old alt.
But if they will launch good news about what they are planning to do and some of them are already in the pipeline, it may sustain the price increase, if there's any.
Only few months left and we haven't heard any big news from the team, so I also don't think that there will be big changes when it comes to its price level.

Litecoin halving will be a good case to watch but just that alone will not make the market go up, and litecoin may go up a bit but I highly doubt that it would skyrocket considering the market situation. Sometimes good things happen at the bad times and the price doesn't change, for example ETH turning from PoW to PoS was anticipated a lot, even at phase 0 we had such a huge reaction and we all bought it and made the market go up, but when it finally officially turned into that, the price didn't move up a tall, it even moved down a bit.

So, I think timing is as important as anything else in that matter, and Litecoin doesn't seem like they have a great timing. Maybe it will help the market recover a bit, but I can't really guarantee anything like that at this moment.

Well now only 41 days more to go for the next Litecoin halving. The price of Litecoin is up more than 5% in the last 24 hours. I think there is many investors expecting big profits for the third halving. 
In the past 7 days new LTC addresses have seen 55% increase. This is very 'bullish' news and good news for us LTC hodlers. LTC is the second oldest crypto coin founded in 2011 so investors holding onto LTC for all this time will be rewarded.
https://www.newsbtc.com/news/litecoin/litecoin-sees-55-increase-in-new-daily-addresses-as-bullish-sentiment-grows/

many people hope that the price of Litecoin can return to ATH after Litecoin halving, but in my opinion if the market is in its current condition (correction), then it is very difficult for the price of Litecoin to return ATH even though Litecoin halving and my prediction is that the price may only increase by at least 2-3x from the current price, but hopefully I'm wrong and at the time of Litecoin halving, market conditions have increased again and the price of Litecoin can increase very high (reach ATH or even make a new ATH price), but I still recommend you to invest in Litecoin right now, because the price of Litecoin is bound to increase.

many are waiting for x2 from the price, but I’m afraid there won’t be such a positive scenario. Even now, I don’t see much interest from investors, although the price was very attractive before this bitcoin growth, it’s not so long before the haliving, I hope it will pass with a good result and meet the expectations of many.

it will most likely make litecoin stronger after halving. maybe give month or at least 1 and half year after halving. ltc will create its new all time high. and with ordinal founded on bitcoin it will give ltc also chance to adopt ltc ordinal next year. i am excited about it because i am also biggest supporter to ltc and all PoW coin

that is enough time to taste what Litecoin can really bring to the supporters , but what I
am desperate to see is that Halving of Litecoin should be bringing at least quaking the value of this coin
for investors of this coin , Actually i also hold this coin back in 2017 but leave when 2018 bull ends because
I know that there are coming bad for the following months and years.

I wish it happens because I don't see any positive news about Litecoin for years and kinda give up on them, to be honest we shouldn't be much excited because it's been years I would say the best time for LTC was during 2017 Bullrun after that there has been no advancement and apart from halving I feel the dev team should include more features and develop the project further because there are better options available in market for faster transfer which used to be it's USP.

With all of the halvings that happened to Litecoin, the most recent and the past one with that didn't have much effect. That's why when there are news about Litecoin halving, it doesn't do much anymore to impact the price. While it is believed that there should be one but it's different on this manner because the market variations are changing and Litecoin is no longer one of the altcoins that we used to say as the best. To me, it's still one of the best if for alternate transfers for its features.

this may also be the reason why it seems that the community of Litecoin are also relying in the coming Halving of Bitcoin and the bullrun that will this bring? if that is the case then what is the sense of having their halving when it only favors few(miners)  and not its investors and supporters?
same thinking here that Litecoin only follow bitcoin and never that will have its own impact from its halving.
sad for the investors i guess.

It's all programmed and that's why it will just keep on going despite that there is not that much effect anymore at all. The miners will be affected but on the perspective of investors and holders, you've seen that there's no effect with it and that's why it's best to anticipate nothing if the halving is with Litecoin. But it's definitely a different story if the halving is all about Bitcoin and it's like affecting the majority of the cryptocurrencies in the market including Litecoin.

yeah that's a great explanation mate and indeed that nowadays Halving of other coins aside
from  Bitcoin does not bring any expectation from the people even Litecoin investors does not count this as
a good day to look at instead what they do is wait for Bitcoin halving because for sure their coins will have
movement those days.

It has been proven over the years and over how many halving ob bitcoin that it brings best
interest to all currencies aside from complete shitty that mostly pumping and dumping without any reason lol.

That's true because if we're going to observe them, there's really no point at all to see some halvings anymore with the altcoins that do it. Look at the burning, it's a mechanism that's been done for the known cryptos and said to be helping the economy of that project.
And when other projects did the same thing, it didn't do that much and instead, there was no effect at all for most that did it and that's why it's not recommended to just get on hyped due to these projects that have these events.