November 6, 2023
5 min read
It is that time of the year again. A new memecoin just dropped and the hype surrounding it has completely taken over the crypto world. In just a couple of weeks, the PEPE memecoin has made its way into the top 100 cryptocurrencies based on its market cap. While it's a typical trend in the cryptocurrency industry to witness a new memecoin generating that much buzz, the sheer speed of PEPE’s rise is nothing to scoff at.
Who made this coin? Why did they make it? Why on Earth is its price skyrocketing so much? And what even is a memecoin? We’ll cover these and many other questions in this article.
Memes have become an essential part of the Internet. They’ve been around since the very early days of the Web and there is nothing to indicate that they’ll disappear any time soon.
Do you know what else is popular on the Internet? Crypto. In hindsight, the collision between the crypto industry and memes almost seems inevitable.
While most coins and tokens on the market aim to have some kind of utility or a use-case, memecoins focus on getting attention through the popularity of the memes themselves.
The first coin to successfully attempt that formula was Dogecoin (DOGE). It managed to garner mass attention and secured its place on the market. While DOGE was the memecoin that paved the way for memecoins and persisted as a top cryptocurrency for several years, there is also Shiba Inu (SHIB), Floki Inu (FLOKI), and others.
The PEPE memecoin is also worth mentioning, as its rise to fame is somewhat unprecedented even by the memecoin standards.
PEPE is a memecoin that operates on a deflationary model, launched on the Ethereum network. The cryptocurrency was conceived as a tribute to the popular internet meme, Pepe the Frog, which was created by Matt Furie and gained fame in the early 2000s. The team behind PEPE is, however, completely anonymous and has no association with Matt Furie.
The objective of the initiative is to take advantage of meme coins' high demand, such as the aforementioned Shiba Inu and Dogecoin, and position itself as a leading cryptocurrency based on memes. PEPE intends to attract cryptocurrency enthusiasts by implementing a tax-free approach, a system that rewards long-term holding, and a burning mechanism to keep the scarcity in check.
PEPE cryptocurrency stands out amongst other digital currencies by trading on the reputation of Pepe the Frog, a beloved and reviled cultural icon. This unique attribute has earned PEPE a fiercely loyal following within the cryptocurrency community, ensuring its long-term sustainability in a rapidly evolving industry where standing out is key.
PEPE has an effective redistribution system that rewards long-term token holders, promoting investor loyalty and contributing to long-term viability. The longer one holds PEPE tokens, the more rewards they can receive, benefiting users and increasing the token's value over time. The project incentivizes long-term holding to create a sustainable and thriving ecosystem around its token.
Another notable feature of PEPE is its burning mechanism that helps maintain scarcity in the market. This mechanism increases value for holders and makes it an appealing investment.
PEPE stands out from other cryptocurrencies because of its no-tax policy. Unlike other cryptos, it doesn't charge users any transaction fees, making it a more affordable and convenient option for investors and traders. This creates a fair and accessible platform for everyone.
PEPE cryptocurrency is noteworthy due to its distinctive characteristics. The burning mechanism maintains its value by limiting market supply, and no tax policy makes it more accessible and convenient than its peers. Investors and traders can benefit from the combination of the two policies, making PEPE an appealing and profitable digital currency for reliable investment.
At the time of writing this article (05.05.2023), the PEPE price is currently about 0.00000276 USD with a staggering trading volume of 714,753,593 USD over the past 24 hours. Despite the current price, PEPE's value has risen by 67.7% during the past 24 hours, signaling a short-term bullish trend amid volatile market conditions.
As of now, CoinGecko ranks Pepe at #61 with a market cap of 1,160,223,236 USD.
PEPE has a maximum supply of 420 690 000 000 000 PEPE tokens, resulting in a potential market cap of billions of dollars in the long run. It's worth pointing out, that the max supply matches the circulating supply, since all of the PEPE tokens are currently in circulation.
Overall, these figures indicate that while Pepe has experienced a recent dip in value, the cryptocurrency continues to generate significant trading volumes and attention in the larger crypto community. Investors would do well to keep a watchful eye on the latest trends and happenings in the world of Pepe and be ready to act decisively in response to any fluctuations in the market.
With the meteoric rise of PEPE in the crypto trading landscape, there is much speculation on its future prospects. While some believe that memecoins are a significant component of cryptocurrency trading, there are others who are skeptical of their longevity. In fact, history has shown that many memecoins have enjoyed a momentary surge in popularity, only to fade away as quickly. Examples of such coins include Grimacecoin, Pump Coin, and others. Consequently, there are valid concerns about the sustainability of PEPE over the long term. Nonetheless, investors holding significant amounts of the token are hoping to capitalize on its current popularity and cash in on their investments before the crypto community's attention shifts elsewhere. This creates a sense of urgency for investors who are keen on maximizing their returns on PEPE and makes it imperative for them to make informed and timely investment decisions.
The team behind PEPE, in the meantime, has shared some plans regarding the future of the project:
PEPE is fully supported in Atomic Wallet.
You have access to all the info you need to know about a currency. You can keep track of the price statistics (you can set the price to be shown with any currency, whether it's the United States dollar, Euro, or even Hong Kong dollar!) market cap, price change over the last week, trading volume, and other useful data. No swings in PEPE price will escape your attention.
If you already purchased Pepecoin and wish to store it in a decentralized, non-custodial wallet, Atomic Wallet will suit your needs perfectly. It's easy to deposit PEPE into it and store it safely.
You can also exchange your Pepecoin in Atomic Wallet for another currency if you are interested in leveraging the price swings and giving other tokens, like DOGE or SHIB, a shot.
PEPE hopes to utilize the viral appeal of memecoins to provide great potential for investment and growth.
The burning mechanism designed to keep the PEPE price up, the no-tax policy providing for a more equal environment for investors, and the redistribution system, providing greater rewards to longtime investors.
Pepecoin's current price is 0.00000276 USD (as of 05.05.2023).
The all-time high was reached on May 1, 2023, the highest price paid being 0.00000138 USD. All-time low was achieved on Apr 18, 2023. The ATL is 0.000000055142 USD.
Its 24-hour trading volume of 714,753,593 USD.
The current market cap is 387,301,223 USD.
420 690 000 000 000 PEPE.
420 690 000 000 000 PEPE.
The team behind PEPE is working on a lot of new and exciting stuff. CEX listings, merch, and digital newsletter are the first that come to mind.
Pepecoin Telegram - https://t.me/pepecoineth
Pepecoin website - https://www.pepe.vip/
Pepecoin Twitter - https://twitter.com/pepecoineth
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