Pepe Coin Preparing to Halve. This Could Be Big
In just four weeks, the Pepe (PEPE) memecoin will halve, which means that it will be twice as hard to mine PEPE coins. Crypto analysts expect the price to shoot up.
The Pepe having event is scheduled for February 4th, and that could mean that the coin will increase in value. In the past, halving events for Bitcoin have been very big news and caused the price to skyrocket as a result. As the coin becomes harder to mine, the value could easily increase. This makes the remaining potential supply rarer and harder to obtain. However, it does not affect the difficulty in obtaining any of the current supply, so the hype around halving events does not always translate into increased value that sticks.
The Pepe memecoin has been on the rise recently, with a price increase of 196% in November of last year. Even during a mid-December price crash, the coin retained much of its upward progress and did not fall down anywhere near its previous price.
What to Expect with Pepe
We are seeing a slight slump for the crypto industry, with Bitcoin (BTC) down to $93K after climbing to $108K. However, that decline is expected to correct in the near future. When Donald Trump takes office in a couple weeks, the crypto industry will likely recover and prices should shoot up.
That will be about two weeks before the Pepe halving event, which means the inauguration of Trump could build the hype up for Pepe’s halving. Coming at that time, the halving could be far more dramatic and beneficial than anyone anticipates, and Pepe could move much higher in the cryptocurrency market ratings. We could very well see a repeat of what Pepe did in November.
Because the coin has done so well in recent months and has potential to do even better soon, we would advise investors to hold onto their Pepe coins and consider investing more in anticipation for the halving event and the Trump inauguration which could both mean good things for this coin’s price.
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