The Bitcoin halving, which occurs approximately every four years, slows down the process of creating new BTC. When the rate of production decreases and the demand for an asset remains the same or increases, its price must rise. The question is, will this affect the two largest meme coins - DOGE and SHIB?
So far, the three previous BTC halvings have indeed acted as catalysts for the upcoming bullish rallies, but not just for the main cryptocurrency, as the entire market has followed suit.
DOGE and SHIB often move with Bitcoin, so they could potentially rise in price during the Bitcoin halving event. However, it is worth remembering that the crypto market is very volatile, especially meme coins, so investors should be careful.
In any case, the Bitcoin halving is one of the most important events for the crypto industry.
