The newest meme coin on the market is called Pepe coin, and it features everyone’s favorite depressed frog. Anonymous creators are synonymous with the cryptocurrency space. For example, the famous creator of Bitcoin, Satoshi Nakamoto, is still unknown to this day.

• Don’t buy any of these tokens or interact with the contracts, as they have the risk of draining your wallet.
• The team behind PEPE is working on a lot of new and exciting stuff.
• Soon, Pepe became a popular meme, and the internet used the frog’s expressive face in almost every conceivable circumstance, including hate speech.
• At the time of this writing on May 1st, around two weeks after its initial launch, the token already has a whopping 65K holders, according to Etherescan.
• PEPE, alternatively referred to as $PEPE, is a meme cryptocurrency.

Don’t buy any of these tokens or interact with the contracts, as they have the risk of draining your wallet. It’s worth noting that this is nothing new in the field of crypto. Multiple memecoins have come into existence in the past, making no claims and outright alarming users that they have no value whatsoever. At the time of this writing, PEPE is traded on major exchanges such as Huobi, MEXC, OKX, and others. Apart from that, it’s also available on multiple decentralized exchanges such as Uniswap.

What is Pepe Coin?

It started as a joke currency but has since gained significant value and a dedicated community of supporters. Dogecoin’s success comes from its community’s enthusiasm and high-profile endorsements from celebrities and business leaders. Dogecoin, created in 2013, is based on the popular “Doge” https://currency-trading.org/cryptocurrencies/how-to-start-investing-in-cryptocurrency-a-guide/ meme featuring a Shiba Inu dog. Additionally, Pepe Coin employs a redistribution system, where a portion of each transaction is distributed to existing token holders, incentivizing long-term holding and investment. Creating a cryptocurrency wallet is the first step in purchasing $Pepe.

Every transaction burns a small percentage of the tokens, reducing the total supply over time. This scarcity can help drive up the coin’s value, making it more appealing to potential investors. The success of meme coins like Dogecoin and Shiba Inu has led to the creation of numerous other meme-based cryptocurrencies, including Pepe Coin.

• 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.
• The unpredictable nature of the cryptoasset markets can lead to loss of funds.
• While it has garnered attention and built a community, it’s crucial to be cautious when considering meme coins due to their inherent risks.
• It’s worth noting that this is nothing new in the field of crypto.
• While this might sound particularly attractive, it’s also important to note that it presents a set of risks.

Pepe coin is a symbol of the cultural significance of memes in modern society since it personifies a popular meme. It perfectly encapsulates the spirit of the internet, while demonstrating the wide-ranging applicability of digital expressions, from the field of entertainment to that of commerce. Since it’s an ERC-20 token, you can easily purchase PEPE through popular decentralized exchanges (DEXs) such as Uniswap. It is also on several exchange platforms including KuCoin, Huobi Global, and OKX. PEPE’s journey exemplifies the dynamic and unpredictable nature of the crypto space.

Yes, US-based investors can begin trading on BTCC and access the thriving crypto asset secondary market to buy, sell, and trade cryptocurrencies. Since its inception in 2011, BTCC has made it a priority to create a secure space for all of its visitors. Measures consist of things like a robust verification process, two-factor authentication, etc. It is considered one of the most secure markets to buy and sell cryptocurrencies and other digital assets. Pepe currency has a “No Taxes, No Bullshit” policy that streamlines its value proposition with a total supply of 420,690,000,000,000 tokens.

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. While Pepe Coin is generating buzz as a hot new meme coin, it’s important to compare it to other popular meme coins to better understand its potential for success. “The remaining 6.9% of the supply is being held…only to be used as tokens for future centralized exchange listings, bridges, and liquidity pools. This wallet is easily trackable with the ENS name pepecexwallet.eth,” wrote the creator(s).

The Third Step: Link Up with Uniswap

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 https://topbitcoinnews.org/coinbase-lost-phone-can-you-use-paypal-credit-to/ (FLOKI), and others. 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. This includes Bitcoin’s next halving event, plus the expectation of a Bitcoin ETF approval from the SEC.

What’s the PEPE price?

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. Select the cryptocurrency you’re using to invest (Ethereum or Tether).

The tokenomics

To buy PepeCoin, investors must either create a MetaMask Wallet, obtain some ETH and swap that ETH for PEPE on Uniswap. Alternatively, you can sign up to a trusted exchange like Bybit that supports Pepe Coin trading and deposit fiat currency or any other cryptocurrency to swap it for $PEPE tokens. Ultimately, predicting the exact price of Pepe Coin ($PEPE) is difficult due to the unpredictable nature of the cryptocurrency market and the potential influence of external factors. The team behind the coin aims to foster a strong and supportive community by regularly engaging with users through social media platforms and providing updates on the project’s progress. While many meme coins start off as jokes, some have gained significant value and attracted serious investors. On April 19th, a new cryptocurrency project launched in homage to the well-loved Pepe the Frog.

Notably, the global crypto market cap dipped by 0.92% to $1.6 trillion. In conclusion, Pepe Coin ($PEPE) is an emerging memecoin that aims to become the king of memes, taking https://coinbreakingnews.info/software-development/front-end-vs-back-end-vs-full-stack-web-developers/ inspiration from the iconic Pepe the Frog. With a fair launch, zero taxes, and a community-focused approach, Pepe Coin has the potential to make waves in the crypto world.

Its association with hate speech still continues, but it became a symbol, for example, of the 2019 pro-democracy protests in Hong Kong. “While the crypto market overall might be stuck in an elongated winter, viral dynamics follow their own logic,” Mei said. Find me on Twitter at @FrancesYue_ to share any thoughts on crypto, this newsletter, or your personal stories with digital assets.

However, as with any investment, it’s important to do your research and consider the risks involved. They evolve as a form of satire, poking fun at the world of cryptocurrencies. Your $PEPE tokens will be securely kept in your wallet after completing the transaction. Pepe the Frog, an original creation of artist Matt Furie, became widely recognized across various internet platforms and came to represent internet culture. Kraken will not undertake efforts to increase the value of any cryptoasset that you buy. Some crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes.