Pepe Coin: A Meme-Based Cryptocurrency
This page is an article on Pepe Coin, a memecoin inspired by the Pepe the Frog internet meme. It covers various aspects of the cryptocurrency, such as its history, trading volume, mechanism, future, pros and cons, and more. It also provides a summary of the main points at the end.
What is Pepe Coin?
Pepe Coin (PEPE) is a deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s. The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies.
PEPE appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain scarcity of the PEPE coin. In late April to May 2023, the explosive surge of PEPE caused its market cap to reach a high of $1.6 billion at one point, minting millionaires out of early holders and attracting a strong community of like-minded followers. It has induced what some may dub a “memecoin season,” causing other memecoins — some launched within hours — to go on spectacular pumps and just as astounding dumps. It remains to be seen if PEPE and other memecoins will go on to new highs, although that is certainly the hope of many bagholders.
The PEPE roadmap features three phases, where phase one includes listing on CoinMarketCap, and getting $PEPE trending on Twitter, while phase two includes listing on centralized exchanges (CEXs) and phase three includes “tier 1” exchange listings and what the team terms a “meme takeover”.
What is the trading volume of Pepe Coin?
The trading volume of Pepe Coin (PEPE) is $55,053,023 in the last 24 hours, representing a 39.50% increase from one day ago and signalling a recent rise in market activity. The price of Pepe (PEPE) is $0.000000682902 today with a 24-hour price increase of 2.74% and a 7-day price increase of 2.44%. With a circulating supply of 420 Trillion PEPE, Pepe is valued at a market cap of $284,334,502 and is ranked #112 on CoinGecko today.
How does Pepe Coin work?
Pepe Coin is an ERC20 token which was built on the Ethereum blockchain, which means it can generally be considered as reliable and secure. It also enables compatibility with several decentralised applications (dApps) and wallets. Another benefit of the token is that it has a deflationary mechanism.
Pepe Coin works by rewarding its holders with more PEPE tokens every time someone sells or transfers their tokens. This is done by taking 5% of every transaction and redistributing it among all holders proportionally to their stake. This way, holders are incentivized to hold their tokens for longer periods of time and benefit from passive income.
Additionally, Pepe Coin also burns 5% of every transaction, which means that the total supply of PEPE tokens decreases over time. This creates scarcity and increases the demand for the token, which could potentially drive up its price in the future.
What is the history of Pepe Coin?
Pepe Coin was launched on April 16, 2023 by an anonymous team of developers who wanted to create a memecoin that would honor the legacy of Pepe the Frog, a character with a longstanding and controversial history. The project’s dedication to honoring this character distinguishes it from other cryptocurrencies and strengthens its appeal within the crypto community.
Pepe Coin quickly gained traction among memecoin enthusiasts and investors who were looking for the next big thing after Dogecoin and Shiba Inu. The token experienced a massive spike in price and volume in late April to early May 2023, reaching an all-time high of $0.00000431 on May 05, 2023. However, like many other memecoins, Pepe Coin also suffered from volatility and market corrections, dropping to its current price level of around $0.00000068 as of October 09, 2023.
Despite the ups and downs, Pepe Coin has maintained a loyal fan base and an active community on social media platforms such as X (formerly Twitter) and Telegram. The project has also achieved some milestones such as getting listed on CoinMarketCap and several CEXs such as Gate.io, BingX and OKX. The team behind Pepe Coin has also announced plans to launch more features and partnerships in the future, such as NFTs, gaming, charity and more.
Where can you buy Pepe Coin?
PEPE tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Pepe is Gate.io, where the most active trading pair PEPE/USDT has a trading volume of $2,969,388 in the last 24 hours. Other popular options include BingX and OKX.
Alternatively, PEPE tokens can also be purchased on decentralized exchanges (DEXs) such as Uniswap, where users can swap their ETH or other ERC20 tokens for PEPE. However, users should be aware of the risks involved in using DEXs, such as high gas fees, slippage and liquidity issues.
What is the future for Pepe Coin?
The future for Pepe Coin is uncertain, as it depends on many factors such as market sentiment, competition, innovation and regulation. As a memecoin, Pepe Coin faces the challenge of proving its long-term value and sustainability beyond the hype and speculation. It also competes with other memecoins that have similar features or target audiences.
However, Pepe Coin also has some advantages that could help it succeed in the future. For instance, the coin has a strong community and a loyal fan base that supports the project and its vision. Pepe Coin also has a unique identity and a distinctive brand that sets it apart from other cryptocurrencies. The cryptocurrency also has a deflationary mechanism that could increase its scarcity and demand over time.
Moreover, Pepe has a roadmap that outlines its future goals and plans, such as getting listed on more exchanges, launching NFTs, gaming, charity and more. These features could add more value and utility to the token and attract more users and investors.
What is the all-time high and all-time low for Pepe Coin?
The highest price paid for Pepe Coin (PEPE) is $0.00000431, which was recorded on May 05, 2023 (5 months). Comparatively, the current price is -84.13% lower than the all-time high price.
The lowest price paid for $PEPE is $0.000000055142, which was recorded on Apr 18, 2023 (6 months). Comparatively, the current price is 1,139.80% higher than the all-time low price.
What is the fully diluted valuation of $PEPE?
The fully diluted valuation (FDV) of Pepe Coin (PEPE) is $284,334,502. This is a statistical representation of the maximum market cap, assuming the maximum number of 420 Trillion PEPE tokens are in circulation today. Depending on how the emission schedule of PEPE tokens are designed, it might take multiple years before FDV is realized.
What are the pros and cons of Pepe Coin?
Some of the pros of Pepe Coin are that it has a:
- Loyal and active community that supports the project and its vision.
- Unique identity and a distinctive brand that sets it apart from other cryptocurrencies.
- Deflationary mechanism that could increase its scarcity and demand over time.
- Roadmap that outlines its future goals and plans, such as getting listed on more exchanges, launching NFTs, gaming, charity and more.
Some of the cons of Pepe Coin are that it:
- Faces high volatility and market corrections due to its speculative nature.
- Competes with other memecoins that have similar features or target audiences.
- Relies on the popularity of meme culture and internet trends that could fade over time.
- Faces regulatory uncertainty and potential legal issues due to its association with Pepe the Frog.
Summary
Pepe Coin is a memecoin inspired by the Pepe the Frog internet meme. It aims to capitalize on the popularity of meme coins and establish itself as one of the top meme-based cryptocurrencies. Pepe Coin has a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain scarcity of the PEPE.
It has experienced a massive spike in price and volume in late April to early May 2023, reaching an all-time high of $0.00000431. However, it has also suffered from volatility and market corrections, dropping to its current price level of around $0.00000068 as of October 09, 2023.
The cryptocurrency also has a loyal fan base and an active community on social media platforms and has also achieved some milestones such as getting listed on CoinMarketCap and several CEXs such as Gate.io, BingX and OKX.