What Is Pepe Coin and How to Buy PEPE

Dogecoin, created in late 2013 by developers Billy Markus and Jackson Palmer, was arguably the first memecoin to land on the market. They said they made it as a joke, with its name a reference the popular “doge” meme, or an image of a Shiba Inu, a particular breed of dog. As opposed to Bitcoin, a replacement for currency, or Ethereum, a decentralized computing platform, Dogecoin unapologetically had no purpose. These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy.

Why Is PEPE So Successful?

PEPE, which surpassed its much popular counterparts, Dogecoin and ShibaInu within no time, has made both critics and huge fan following over the past one month. Interestingly, April was an amazing month for PEPE, and it is quite evident by the google search data. The Google Trend score for “PEPE coin” rose from three to 100 from the week of April 9, 2023 to the week of May 15, where the value 100 depicts the peak popularity for a specific keyword search on google. Potential investors should approach PEPE with caution and perform thorough due diligence before investing in it. Importantly, Pepe Coin how to sell bitcoin in the uk operates independently of Matt Furie, the creator of the Pepe the Frog meme, underscoring its autonomous and community-driven foundation.

Pepe (PEPE) risks

1. The remaining 6.9% is held in a multi-sig wallet, for future CEX listings, bridges and liquidity pools.
2. On the contrary, PEPE has been designed to capitalize on the popularity of meme coins such as Dogecoin, Shiba Inu and others.
3. The world of crypto is a pseudonymous slurry of nicknames, numbers, and memes.
4. Pepe fervor is partly fueling the craze—many are still looking to “pump the frog”—although after crossing $1.6 billion, the token crashed to a market cap that’s now closer to $800 million, according to CoinMarketCap.
5. These developers left the project claiming that they were just updating the wallet.

Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy, or sell any coins, tokens, or other crypto assets. Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction. Any descriptions of Crypto.com products or features are merely for illustrative purposes and do not constitute an endorsement, invitation, or solicitation. While it is the volatility of meme coins that may attract many to this narrative, as it offers the opportunity for incredible gains, this also means the price can drop just as suddenly.

In early April, the Twitter account @pepecoineth posted a photo of a cartoonish roll your own javascript runtime green frog wearing a red cap emblazoned with “Make Memecoins Great Again,” referring to Donald Trump’s presidential slogan. Pepe Coin’s tokenomics are designed to foster liquidity, reward holders, and ensure long-term viability within the cryptocurrency market. When buying any meme coin project, not just PEPE, there are many risks that prospective buyers should know beforehand. The team also states that it has “no devs, just community,” meaning the goal of Pepe Coin is not a technological breakthrough, but as a meme community project in the crypto space. Secondly, you can purchase Pepe tokens on decentralised exchanges such as Uniswap. In October 2023, it was shared on the project’s official X account that a new team of advisors is set in place to guide the entire project forward.

What Caused a Sudden Rise in PEPE Coin?

The most popular meme coins are, without a doubt, Shiba Inu and Dogecoin. Their price history is mostly positive, and their token prices have managed to remain relatively stable despite the many challenges they had to face. It’s too early to make a certain price prediction for Pepe coin, considering its recent launch. Some crypto experts, like DFG founder James Wo, think that memecoins are integral parts of the crypto trading landscape, and more projects like PEPE will continue to emerge. the 14 best bitcoin wallets of 2021 revealed! However, like many other fleeting memecoins, PEPE may also experience significant price volatility and risk fading from public attention quickly. More than 90% of the total supply has been allocated to the liquidity pool, and the rest is reserved for future use.

Copycat projects

(It is currently hovering near $800 million.) Each coin is worth between two- to three-millionths of a dollar. Since CoinGecko began tracking it on April 18, one day after its debut, the Pepe token has increased more than 900% in price—it’s now listed on major exchanges like Crypto.com and Binance. Although Pepe’s launch went mostly unnoticed, the token quickly rose to popularity in late spring of 2023.

This offer is only valid for new users who have not installed the app yet. As an ERC-20 token, PEPE enjoys all the benefits of being on the Ethereum network, like its robust security offered by the proof-of-stake (PoS) consensus mechanism. The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. It is not intended to offer access to any of such products and services. You may obtain access to such products and services on the Crypto.com App.

It’s true, some have successfully profited from the sharp price movements of meme coins. But equally, many traders have also lost out because of the wild price swings. Other than the challenges that all cryptocurrencies face, Pepe coin will also have to directly compete with other memecoins, such as the well-established Shiba Inu or newcomers like the Thug Life token. At the end of the day, a lot will depend on the project’s team and how they approach their newfound popularity –– for memecoins, the key thing is to build a strong and supportive community and brand image. The PEPE coin is an Ethereum-based deflationary memecoin that draws inspiration from the Pepe the Frog Internet meme.