As the cryptocurrency market undergoes a revival, meme coins are once again capturing the attention of crypto enthusiasts.
Just like the resurgence of Dogecoin in the past, another memecoin is making waves in the digital currency space: Pepecoin.
Inspired by the beloved Pepe the Frog meme, this cryptocurrency has witnessed a remarkable surge in value, with gains of approximately 500% in just two weeks.
But, as the excitement around Pepecoin subsides, investors are now setting their sights on a new memecoin with even greater potential for profits.
Lets dive into this emerging opportunity and its implications for investors seeking to ride the next memecoin wave.
But before we do that, let’s dive into the world of Pepecoin (PEPE).
What is PEPE Coin?
It’s a cryptocurrency that’s all about the popular Pepe the Frog meme.
You know, that funny green frog you see online sometimes?
Well, Pepe Coin took the internet by storm when it launched on April 17.
It’s pretty amazing because in just two weeks, it became one of the top 100 cryptocurrencies out there, with a market value of over $400 million!
It’s important to note that Pepe Coin doesn’t have any official connection to the original artist behind the meme. But it’s become a big hit among crypto enthusiasts who love memes.
So, if you’re into cryptocurrencies and want to join the Pepe Coin craze, keep an eye on this funny and popular digital asset!
Founders and Team behind PEPE coin
According to information provided on the project’s website, the creators of Pepe Coin have opted for complete anonymity, and there is no identifiable team associated with the token.
It was an anonymous individual who brought the coin to life on April 17, 2023, utilizing the Ethereum network as the foundation.
The decision to remain anonymous adds an air of intrigue and fascination to Pepe Coin.
Leaving investors and enthusiasts captivated, as they ponder the identities and motivations behind its creation and ongoing progress.
History of PEPE
Pepe Coin, a cryptocurrency inspired by the famous Pepe the Frog meme, burst onto the scene in mid-April 2023.
It made its official entry on Etherscan on April 18th, marking the beginning of its journey. The token didn’t have an Initial Coin Offering (ICO) like most of the cryptocurrencies.
What followed was nothing short of remarkable.
In less than three weeks, Pepe Coin skyrocketed in popularity, reaching a staggering market capitalization of over $420 million.
This extraordinary achievement propelled it into the elite group of the top 100 coins by total market capitalization.
Trading opportunities abound for Pepe Coin enthusiasts, with major exchanges like Huobi, MEXC, OKX, and others facilitating its buying and selling.
Additionally, decentralized exchanges like Uniswap offer a decentralized and accessible platform for trading Pepe Coin.
As Pepe Coin continues to gain momentum, it has cemented its position as a significant player in the dynamic world of cryptocurrencies.
What is a MEME coin?
A meme coin is a type of cryptocurrency that is based on or inspired by popular internet memes or cultural references.
These coins often have humorous or satirical elements and aim to capture the viral nature of memes to gain attention and attract users.
Meme coins typically have a strong community following and rely heavily on social media platforms for promotion and engagement.
They can have unique features or characteristics, but they often lack a concrete use case or utility beyond their entertainment value.
Examples of popular meme coins include Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE). It’s important to note that meme coins are highly speculative and can be extremely volatile in terms of their price and market value.
The future of PEPE coin
The future of Pepe Coin is a bit uncertain, and it’s hard to predict what lies ahead.
Like many cryptocurrencies, its fate will be shaped by market trends and how widely it gets adopted.
The team behind Pepe Coin has laid out three roadmap phases, which provide a glimpse into their plans.
But, it’s important to note that Pepe Coin is primarily intended for entertainment purposes and doesn’t promise any financial returns or intrinsic value.
So, while it’s an exciting and meme-inspired cryptocurrency, investing in Pepe Coin should be approached with caution and a clear understanding of its purpose in the crypto world.
Actually, I have been trying to find PEPE Roadmap and whitepaper, but with no success.
PEPE coin Quick facts sheet
Here’s a quick overview of PEPEcoin:
| Topic | Information |
|---|---|
| Name | Pepe Coin |
| Description | A cryptocurrency inspired by the Pepe the Frog meme |
| Launch Date | April 17, 2023 |
| Market Value | Over $400 million |
| Market Cap | Over $420 million |
| Team | Anonymous creators |
| Roadmap | Three phases outlined |
| Token Supply | 420,690,000,000,000 tokens (homage to 4:20 and 69) |
| Token Distribution | 93.1% to liquidity pool, 6.9% held in a multi-sig wallet |
| Exchanges | Binance, Huobi, MEXC, OKX, Uniswap |
| Risk | High volatility, associated with negative groups |
PEPE Tokenomic
Let’s talk about Pepe Coin’s tokenomics. Pepe Coin has a whopping total supply of 420,690,000,000,000 tokens, and you might notice the homage it pays to the meme numbers 4:20 and 69.
Now, here’s the interesting part: 93.1% of these tokens have been sent to the liquidity pool.
This helps ensure there’s enough liquidity for trading.
To further support this, LP tokens are burnt, and the contract itself has been renounced, meaning there’s no control over it anymore. As for the remaining 6.9%, it’s held in a multi-sig wallet.
This portion is reserved for future listings on centralized exchanges, liquidity pools, and bridges.
So, when it comes to token distribution, Pepe Coin has taken steps to maintain liquidity and pave the way for potential growth and accessibility in the future.
Where can you buy PEPE coin now?
If you’re interested in buying Pepe Coin, you can find it on several major exchanges, including Binance, Huobi, MEXC, and OKX, as well as decentralized exchanges like Uniswap.
These exchanges provide a platform for buyers and sellers to trade Pepe Coin for other cryptocurrencies or fiat currencies. Keep in mind that trading cryptocurrencies can be risky and volatile, so it’s important to do your own research and invest wisely.
Is PEPE coin risky to buy?
Investing in PEPE Coin comes with certain risks that need to be considered.
The coin has experienced a rapid rise in price and has been associated with some negative groups, which raises caution.
Its highly volatile nature means that its price can swing significantly, leading to potential gains or losses.
Also, liquidity concerns on specific exchanges may impact the ability to cash out your profits.
It’s important to be aware of security risks, as the decentralized finance (DeFi) ecosystem can attract scams and bad actors.
To mitigate these risks, investors should exercise caution, conduct thorough research, and follow crypto security tips to avoid falling victim to potential scams. As with any investment, it’s crucial to make informed decisions and only invest what you can afford to lose.
PEPE coin vs DOGE – Is it the same?
PEPE Coin and Dogecoin (DOGE) are two meme-based cryptocurrencies that have gained attention in the crypto world. While they both share the common theme of memes, it’s important to understand that they are separate projects with their own unique qualities and objectives.
PEPE Coin and DOGE have their own distinct characteristics and goals.
They attract different communities and have their own loyal followings.
While both coins have enjoyed popularity due to their meme-inspired origins, it’s important to recognize that they operate independently and have their own development teams, tokenomics, and strategies.
Investors and enthusiasts interested in meme-based cryptocurrencies have the opportunity to explore and support both PEPE Coin and DOGE.
Each coin offers its own experiences, features, and community engagement, allowing individuals to choose which project aligns more closely with their interests and investment goals.
That’s it for now!
In conclusion, Pepe Coin ($PEPE) has made a significant impact on the cryptocurrency market, amassing a remarkable total addressable capitalization of over $400 million within a mere two weeks of its launch.
While comparisons to other memecoins like SHIB, DOGE, and FLOKI are inevitable, only time will reveal the longevity and success of this meme-inspired token.
Stay tuned as we will update this page as PEPE evolve and new information comes in!
If you have any insight on this token, make sure to comment below!
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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