PepeCoin: the Top Meme Coin that is Likely to Surge in 2024
Release: 2023/11/11 07:42 Reading: 801
- 1 Memecoin is a popular cryptocurrency that is represented with animated or comic memes.
- 2 They raise enthusiasm online as they are inspired by memes and jokes on the internet.
Designed for social purposes such as humor, satire, and amusement, memecoins are a type of cryptocurrency that distinguishes itself from digital assets by not being utilized for exchange purposes.
These coins have gained popularity due to their unique characteristics such as burn rates and liquidity pools. While Bitcoin and Ethereum function as decentralized digital currencies, Memecoins take a different approach by leveraging viral internet content to increase their popularity and generate value.
These coins typically exhibit high levels of volatility, with their prices experiencing significant fluctuations. This makes them a particularly risky investment. Additionally, meme coins often suffer from a lack of liquidity, which can make it challenging to buy or sell them since they are not available on all trading platforms. The first-ever memecoin, Doge, was introduced in 2013. Other notable memecoins gaining popularity include Shiba Inu, Pepe Coin, BoneShiba Swap, and more.
PepeCoin and its Recent Market Analysis
PepeCoin was launched on Ethereum. It was created by Matt Furie and gained popularity in the early 2000s. It is a frog meme. This Memecoin appeals to the cryptocurrency community by instituting a no-tax policy and being honest about its lack of utility.
Between late April and May 2023, there was a significant increase in PEPE which led to its market capitalization reaching a peak of $1.6 billion. Additionally, PEPE has a robust network of supporters who share similar views.
According to CoinMarketCap, the market capitalization of PEPE is $363.29 million. The circulating supply of PEPE is 391.79 trillion tokens, while the total supply is 420.69 trillion tokens. According to Coingecko, the current price of Pepe is $0.00000101. In the last 24 hours, the trading volume for Pepe has been $251,610,903.46, indicating a 5.69% increase in price. Over the past 7 days, the price of Pepe has risen by 57.40%.
The plan comprises of three phases. In the initial phase, the focus will be on getting $PEPE trending on Twitter and listing it on CoinMarketCap. Moving on to the second phase, the plan is to list it on centralized exchanges. Finally, in phase three, the team aims to secure listings on "tier 1" exchanges and execute their strategy for meme takeover.
PEPE is an ERC token that operates on the Ethereum blockchain and is backed by the Proof-of-Stake consensus mechanism. It is accessible for trading on platforms such as Uniswap (V2), Uniswap (V3), Huobi, MEXC, and several others.
The Latest News About PEPE
As per newsbtc(dot)com, the memecoin's decline, which lasted from July 14 to October 3, came to a halt and transitioned into the accumulation phase. From October 29 onwards, it entered an uptrend and surpassed Ethereum-based altcoin Shiba Inu (SHIB) and Elon Musk's Dogecoin (DOGE) by a significant margin. At present, it holds the 96th position in the ranking.
Summary
In 2024, PEPE has emerged as the top choice for Memecoins, experiencing a significant surge in value. According to data from Coingecko, the token has experienced a remarkable increase in its market capitalization. This Memecoin has garnered significant attention and has gained a growing community of supporters on various social media platforms.
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