Crypto Halving 2023 – All You Need To Know About Cryptocurrency Halving

If a cryptocurrency were infinite, it would become subject to inflation and lose its value in no time. To maintain a currency’s value and attractive for cryptocurrency investment, it must be stable and scarce. This is why Bitcoin is built around a controlled supply of only 21 million bitcoins in total, and Bitcoin halving occurs. Similarly, most cryptocurrencies go through cryptocurrency halving, so the supply of available crypto coins becomes smaller, and thus their value increases.

This also acts as an incentive for miners. If the value of a cryptocurrency were stagnant or declining, miners would eventually lose the will to put in all the effort it takes towards mining. However, the crypto halving event causes fluctuations in a digital currency’s price and often increases value.

According to Sergei Kithrov, the founder and CEO at listings, ‘coin desk analysts pointed out a surge in cryptocurrency trading volumes a month before and a month after each halving.’ It makes sense because the chance to profit from crypto coins after the halving is much higher; hence people are more attracted to investing in cryptocurrencies during that period.

Here at Zeply, we focus on helping Bitcoin traders make the most out of their cryptocurrency trading journey. As a user-friendly crypto exchange, we allow users to purchase, sell, and store Bitcoins securely in a crypto wallet. We also aim towards providing our users with valuable insights paired with ease of making instant Bitcoin transactions, all while allowing operations free of cryptocurrency transaction fees  and providing you with the best crypto app.