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Halving events aren’t exclusive to Bitcoin. Many other cryptocurrencies experience this singular event, including PEPE, which reduces the rate at which new coins are added to the distributed ledger. PEPE’s first halving will occur on February 4, 2025, at block 400,000. The reward given to contributors for securing the network will be reduced from 62,500 to 31,250 PEPE to ensure its supply increases at a declining rate, therefore controlling inflation.
The Halving Event Has Implications For Both PEPE And The Wider Crypto Market
Many consider the PEPE halving beneficial for the cryptocurrency’s ecosystem and market value for several reasons.
It Offers The Promise Of An Increase In PEPE Value
With the halving, it will become harder for miners to earn as much as they did before, which will increase scarcity and, hopefully, the worth of PEPE. This mechanism effectively manages the supply of new PEPE, ensuring its value will remain steady over time. Though there are occasional token burns, PEPE has a very high supply – 420,689.90 billion – and if the demand for the meme coin doesn’t increase at the same rate, it can lead to lower prices per coin. Tokenomics can be adjusted at any time, such as monetary policies.
It Can Influence Miner Behavior & The Network’s Security
Reducing the block reward by 50% will significantly impact profitability, so there’s a risk of seeing some miners capitulate due to lower revenues, which would affect PEPE’s security. Miners preserve the integrity of the blockchain network. They prevent fraudulent activities like double-spending by removing attempts before they can be recorded as settled transactions. Nevertheless, miners have lots of time to adapt their operations, and if the hash rate drops, mining difficulty adjusts downwards, improving their financial situation.
It Can Lead To Increased Meme Coin Adoption If Investor Interest Grows
For the past year or so, PEPE adoption has been on the rise, contributing to an increased demand for meme coins. With meme coins gaining significant traction, financial institutions must implement comprehensive project evaluation and market deployment strategies to capitalize on the boom. Binance is among the market leaders with the highest number of listed cryptocurrencies. You can get real-time updates on exchange listings so you can hp on trends before they explode; if you’re ready to explore, caution is advised due to the inherent volatility.
Under Donald Trump, Cryptocurrency Is Set To Go Mainstream
Having defeated Democrat Kamala Harris in November’s election, Donald Trump won the White House and will be inaugurated as the 47th president on January 20, 2025. He promised to make the U.S. “the crypto capital of the planet.” Energized by hopes of a more favorable regulatory environment, investors are pouring millions into digital assets, which can trigger a contagion effect. The new SEC chair, Paul Atkins, will be in a position to redirect the agency’s enforcement strategy, targeting fraudsters instead of legitimate players. It’s necessary to rationalize the SEC’s current dysfunctional approach.
Elon Musk’s Influence Could Lead To A More Conductive Environment For Crypto
While Elon Musk is among several influencers who post about crypto markets, he’s undoubtedly one of the most influential ones, triggering immediate and often dramatic price changes. Musk recently changed his name on X (formerly Twitter) to Kekius Maximus and replaced his profile picture with the popular Internet meme “Pepe The Frog.” PEPE experienced a 12% price surge following the move. It appears the initial excitement is short-lived, as the meme coin’s value has decreased by 1.98% over the past 24 hours.
Whether intentional or not, Musk is a notable figure in the cryptocurrency space. His technical expertise and thought-provoking perspectives have allowed him to leverage his voice to impact prices with a single post. Meme coins, in particular, thrive on viral appeal and collective enthusiasm. Volatility spikes cause sharp, unpredictable price shifts that complicate short-term risk management. Still, volatility isn’t always bad, as it helps improve portfolio performance when the crypto market eventually rebounds.
Is It Good To Buy PEPE Right Now?
Though meme coins represent a small share of the crypto market, they have firmly established themselves in the blockchain universe. Provided that people form communities on the Internet and speculate on cryptocurrency price movements, the growth of this sector will most likely continue. You can buy PEPE before the halving. PEPE’s price is cyclical, so it’s important to maintain a long enough outlook; if it increases in value, you can sell it for a profit and safeguard against future losses.
With a better understanding of PEPE, you can confidently navigate the ups and downs of the halving. When it comes down to buying PEPE, there are lots of factors that come into play, such as:
- Register on a crypto exchange: With a bank account, you can buy PEPE on numerous crypto exchanges. You’ll need a valid ID and may be asked for proof of address to transact, so have the required document readily at hand.
- Enter the amount you wish to buy: Determine the amount of money you’d like to spend and select the fiat currency. If you can’t find your home currency, go with the default option – USD. Ensure everything looks good before confirming your purchase.
- Set up a crypto wallet: The transaction will be completed at the current market price. After filling in the necessary details, you can buy PEPE with one click. You can store your meme coins directly on the exchange, but for large amounts, it’s recommended to use a crypto wallet, whether a hot or cold one.
Concluding Remarks
The future of PEPE is closely tied to the halving event, which is expected on February 4, 2025. The remaining supply becomes more attractive when its perceived availability is limited, and this creates a psychological need for investors to attain PEPE. If you’re a HODLer, maintain patience and resist the urge to react impulsively to market crypto movements. Once you understand your risk appetite, you can formulate an investment strategy. Existing PEPE coins will become more valuable due to scarcity.
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