**Cryptocurrencies that have historically surged during Bitcoin halving events:**
**1. Ethereum (ETH)**
* Halving event: N/A (Ethereum uses a different consensus mechanism)
* Performance during past Bitcoin halvings:
* 2016: 10x increase from $10 to $100
* 2020: 3x increase from $200 to $600
**2. Litecoin (LTC)**
* Halving event: Every 840,000 blocks (approximately every 4 years)
* Performance during past Bitcoin halvings:
* 2015: 5x increase from $3 to $15
* 2019: 2x increase from $40 to $80
**3. Bitcoin Cash (BCH)**
* Halving event: Every 630,000 blocks (approximately every 4.5 years)
* Performance during past Bitcoin halvings:
* 2017: 3x increase from $200 to $600
* 2021: 2x increase from $500 to $1,000
**4. Dogecoin (DOGE)**
* Halving event: N/A (Dogecoin has an unlimited supply)
* Performance during past Bitcoin halvings:
* 2017: 10x increase from $0.0002 to $0.002
* 2020: 100x increase from $0.0002 to $0.02
**5. Dash (DASH)**
* Halving event: Every 2,100,000 blocks (approximately every 5.5 years)
* Performance during past Bitcoin halvings:
* 2015: 3x increase from $2 to $6
* 2019: 2x increase from $70 to $140
**6. Zcash (ZEC)**
* Halving event: Every 840,000 blocks (approximately every 4 years)
* Performance during past Bitcoin halvings:
* 2016: 5x increase from $50 to $250
* 2020: 3x increase from $60 to $180
**Details on the halving event:**
A Bitcoin halving is an event that occurs approximately every four years, where the block reward for mining Bitcoin is reduced by half. This event is designed to control the inflation rate of Bitcoin.
**Why do altcoins pump during Bitcoin halvings?**
There are several reasons why altcoins often experience a surge in value during Bitcoin halving events:
* **Increased demand for cryptocurrencies:** The halving event creates a sense of scarcity and FOMO (fear of missing out) among investors, leading them to buy more cryptocurrencies.