Introduction:
In the world of cryptocurrencies, the term 'Halving' is often associated with Bitcoin, but recently reports have begun to emerge linking this concept to the famous meme coin PEPE. Is this just a rumor, or an actual event that could change the supply and demand equation for the currency?
What is Halving anyway?
Halving is the process of reducing the reward that miners receive for each verified block. The main goal of this process is to decrease the new supply of the currency over time, thereby increasing its scarcity and, consequently, its market value in the long term.
Did PEPE really experience Halving?
According to CoinMarketCal, the 'Halving' event for PEPE is scheduled for February 4, 2025, where the block reward is reduced from 62,500 to 31,250 PEPE.
Event link: CoinMarketCal
But it should be noted that:
PEPE is built on the Ethereum network.
There is no mining in the classical sense like Bitcoin.
Thus, what is meant by the halving of the reward may relate to the token issuance method or supply control mechanisms by the development team.
How might this event affect the price?
Supply reduction: If it is true that there is an actual reduction in issuance, it could positively reflect on the price.
Exciting investor interest: Just linking PEPE with 'Halving' opens new doors for speculation and predictions.
Supporting the bullish narrative: The community typically likes stories that support growth, even if they are not traditional or clear-cut.
Summary:
Between fact and exaggeration, it seems that PEPE benefits from any positive narrative that might reignite momentum around it. Whether the 'Halving' is actual or nominal, what remains certain is that the currency is receiving renewed attention and deserves to be monitored in the coming weeks.
