What is PEPE coin? Perhaps you're familiar with PEPE as a meme on the internet. But, in the crypto industry, even a meme has value and somehow it becomes an investment. Yes, despite many skeptical views regarding meme coins in the crypto market. Before exploring what is PEPE coin, let me recall your knowledge about meme coins, especially the internet troll maestro, PEPE coin.
A "meme coin" is a type of cryptocurrency named after characters, people, animals, artwork, or anything that can be imitated. These coins are usually supported by enthusiastic online traders and fans, and they are generally meant to be light-hearted and entertaining.
One popular meme coin is PEPE. What is PEPE Crypto? Here's a beginners guide to know this crypto troll icon better by reading this article below! If you're interested, you can also find an explanation of how to buy PEPE.
What is Pepe Coin?
PEPE is a token based on ERC-20 that was inspired by the internet meme "Pepe The Frog". PEPE token was launched in mid-April 2023 with the aim of becoming a popular and well-known "memeable meme coins" within the crypto community. The token gained viral on social media when a crypto investor reportedly exchanged 0.125 ETH worth US$250 for 5.9 trillion PEPE tokens. Currently, the token has a value exceeding US$5 million.
Behind The Story of PEPE
The meme of Pepe The Frog was created by artist Matt Furie in 2005 as a character in his comic series, Boy's Club. Pepe was depicted as an innocent comic character. Pepe gained more recognition on platforms like Myspace, Gaia Online, and 4chan, eventually becoming a widely shared internet meme.
Over the years, Pepe has undergone numerous adaptations, giving rise to various meme versions. These include "Sad Frog," "Smug Frog," "Angry Pepe," "Feels Frog," and many more. The meme gained popularity in 2010 as it became associated with controversial and extremist groups, particularly the alt-right movement.
PEPE recognized as a hate symbol by the Anti-Defamation League in 2016, Pepe's image took on a darker connotation. Due to the shift in its portrayal of its original character, Matt Furie actively works to distance Pepe from a harmful image.
PEPE Ecosystem
PEPE has established an ecosystem comprising a Decentralized Exchange (DEX) platform called PEPEswap for digital currency trading, along with applications developed by the PEPE team. Moreover, the PEPE community actively engages on social media platforms such as Twitter, Telegram, and Discord. They contribute to the development and promotion of the PEPE ecosystem.
Currently, PEPE has garnered over 100,000 crypto users, and its official Telegram group boasts more than 25,000 members. The official PEPE Twitter account has accumulated 133,000 followers.
PEPE also collaborates with other blockchain projects to enhance its ecosystem, including integration with the Binance Smart Chain network. Now, the token is listed on several major cryptocurrency exchanges such as Bitrue, Binance, and Bybit.
The PEPE token plans to continue expanding and diversifying its presence in various aspects, such as merchandise, the PEPE Academy, and PEPE Tools. These endeavors are expected to further solidify PEPE's position within the memecoin landscape.
PEPE Tokenomics
PEPE's tokenomics features a straightforward and transparent structure. The total supply amounts to 420.69 trillion tokens, with no imposed taxes. A significant portion, 93.1% of the supply, is allocated to the liquidity pool, while LP tokens are burned, and the contract is released.
The remaining 6.9% is held in a multi-sig wallet, designated for supply allocations across cryptocurrency exchanges, bridges, and liquidity pools. The PEPE wallet is traceable through the ENS name "pepecexwallet.eth."
Beware of Potential Risk
According to the official PEPE website, the token lacks intrinsic value or the potential for financial gains. There is no formal team or roadmap associated with this token. PEPE itself does not offer any benefits and is created solely for entertainment purposes. Users should exercise caution and conduct research before deciding to purchase this particular meme token.
Unique Features of PEPE Coin
PEPE coin has a unique features that made it stands out from other meme coins. Those features include a deflationary mechanism, a redistribution system, and a no-tax policy. These characteristics not only set PEPE Coin apart from its counterparts but also enhance its stability and potential for long-term success.
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Deflationary mechanism: Implements a process where a small percentage of tokens is burned with each transaction, gradually reducing the overall token supply.
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Redistribution system: Allocates a portion of transaction proceeds to existing token holders, thereby incentivizing the retention of PEPE Coin.
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No-tax policy: Guarantees that users can engage in trading and transactions without incurring additional fees.
Frequently Asked Question
Before deciding to invest in PEPE Coin, you should understand the potential risks of price manipulation and concerns regarding liquidity. Being aware of these factors allows for a more informed decision-making process when deciding whether or not to invest in PEPE Coin.
Where Can I Buy PEPE Coin?
You can purchase PEPE coins in several top crypto exchanges, especially Bitrue. Bitrue stands out as the most popular exchange, where you can swiftly open an account, complete ID verification, and begin buying PEPE assets.
How to Buy PEPE at Bitrue?
Bitrue provides an easy understanding user-interface, so you can simply follow the steps to buy PEPE coins at Bitrue platform. Here's details on how to buy PEPE with credit card using Bitrue:
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Register
Register for a Bitrue account using your valid email address and set up Google 2FA code to enhance the security of your account.
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Verification
Prepare your necessary documents such as: resident ID, valid photo ID, and your credit card number. Confirm your identity by providing personal details and uploading a valid photo ID.
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Add a Payment Method
Click on the "Buy/Sell" option at the top of the Bitrue website and choose "Credit Card" as your payment method. To buy PEPEBSC (PEPE) on Bitrue using this payment method, you must verify your identity by submitting necessary documents like a government-issued ID and a selfie. Follow the platform's guidelines for identity verification.
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Buy PEPE
Click on the "Buy PEPEBSC (PEPE)" or "Trade" section. Select the quantity of PEPEBSC (PEPE) you wish to purchase and proceed to confirm the transaction. Your PEPEBSC (PEPE) will be added to your Bitrue wallet once the transaction is fully successful. You can also learn how to buy PEPE on spot trading and learn how to stake PEPE.
How much is 1 PEPE coin worth?
How much is 1 PEPE coin worth? The current price of 1 PEPE Coin is $0.000001037, with a daily trading volume of approximately $42.9 million. Over the past 24 hours, it has seen a 0.98% increase in price.
What is PEPE all time high?
The highest price ever paid for PEPE (PEPE) was $0.000004354, noted on May 05, 2023, about 9 months ago. Currently, the price is approximately 76.17% lower than this all-time high.
On the other hand, the lowest price ever recorded for PEPE was $0.00000002764, observed on April 17, 2023, also about 9 months ago. Comparatively, the current price is approximately 3653.89% higher than the all-time low.
Can I Sell Pepe Coin?
The answer is yes. PEPE Coin (PEPE) can be found on several cryptocurrency exchanges such as Binance and Bitrue. These platforms enable users to buy, sell, and trade various cryptocurrencies.
Conclusion
Is Pepe still worth buying? PEPE became one of the most viral meme coins in 2023. It is predicted that PEPE could rank among the top 20 cryptocurrencies by 2025. Positive changes in Bitcoin's value could also boost PEPE's price, especially when Bitcoin halving occurs on July 9, 2024. Investors may view PEPE as a more promising investment than Dogecoin because of its potential for strong growth and increasing popularity.