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INTRODUCTION

Move over Dogecoin, Shiba Inu, and Baby Doge Coin – a new meme coin that brings a whole new absurdity to the cryptocurrency world. Meet Pepe cryptocurrency, the token named after the beloved meme frog that has taken the internet by storm.

PEPE is a meme coin that was launched on Ethereum (ERC-20) based on the popular internet meme, Pepe The Frog.

The Pepe meme, for those unfamiliar, is a cartoon frog that has become a ubiquitous presence on the internet in recent years but has gained lots of popularity as far back as the early 2000s. The meme was created by Matt Furie.

Like other memes, PEPE was guaranteed to gain a lot of attention upon coming into the cryptocurrency world because of its popularity and how it’s relatable.

The founders of the meme coin are still anonymous at the time of writing this article. But we do hope they reveal themselves in the near future so we see who came up with this ingenious idea.
The project features a 3-phase roadmap that is easy to read and understand. Here is the road map:

It is safe to say that PEPE has entered Phase 2 of its roadmap, Vibe, and HODL.

$PEPE has been gaining much attention lately and trending all over Crypto Twitter (CT). The meme coin has been listed on notable crypto websites like Coin Market Cap, and Coin Gecko. Binance recently published a guide on how to buy PEPE which may hint at it getting listed on Binance in the near future. 

A similar thing happened at Binance where they published a guide on how to buy FLOKI which they later listed on Binance.

You can find $PEPE listed on the following website:

  1. Uniswap
  2. MEXC
  3. Gate.io
  4. Huobi
  5. Poloniex
  6. OKX DEX
  7. Ibank
  8. Bingx
  9. Trustwallet

PEPE has made it to the list of the top trending crypto, most watched crypto, and the top largest gainers on Coin Gecko’s Crypto Watchlist.

It has also already surpassed Shiba Inu in trading volume, moving up to set new records for itself as the latest emerging meme coin in the space.

IMPORTANT STATISTICS FOR PEPE

Here are some important statistics for PEPE that we think you should know about.

  • PEPE has a trading volume of $140,841,109 (Coin Market Cap)
  • PEPE is currently at $0.0000006032
  • It has 53,540 holders (at the time of writing this article)
  • The 6th largest meme coin by Market Cap.
  • Currently ranks #168 on Coin Gecko and is on 18,087 watchlists
  • There have been other Pepe the Frog-themed meme coins before this one.

POTENTIALS FOR PEPE

Like most meme coins, PEPE is built on vibes and the sentiments people feel towards the meme. And because this particular meme is almost always relatable for over a decade now, we are likely going to see a lot of it for a while.

The sense of belonging meme coins bring to the table will see many people hold (HODL) this coin. Its current volatility creates the opportunity for traders to make quick gains from trading this meme coin.

The project’s dedication to Pepe the Frog is more like a tribute honoring the meme unlike other meme coins that build off of a meme then focus on the coin and tend to forget the meme.

Pepe the Frog has always sparked controversies. It boldly “pisses” on popular dog meme coins on its website saying, “The dog days are over.”

PEPE’s redistribution that rewards long-term stakes and no-tax policy are a few of the unique features that can make it a long-term success.

WHAT COULD BREAK PEPE

Coin Market Cap’s page for PEPE comes with a big warning, “According to Gopluslabs the contract owner may contain the authority to modify the transaction tax and contain blacklist function. Please exercise caution before taking any action and DYOR.” This may be a deal breaker for some people because it might be seen as a red flag.

Although the market still booms despite the warning, who knows for how long it’d stay that way.

Another important piece of information to look at is “PEPE is a meme coin with no intrinsic value or expectation of financial return,” as stated on their website. “There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”

That raises another case of concern. At the moment, it could be argued that the meme coin is riding on the hype by the community. Once the hype dies down, we may see the coin lose its standing just as other meme coins have come and gone under the rug.

CONCLUSION

PEPE is a meme coin that has made several breakthroughs in the crypto world. Boasting a strong community backing, this meme coin is on a path to outdo other meme coins claiming that it is its time now. 

The crypto shows lots of potential for a meme coin despite not having been set up formally as other projects. It continues to soar and we may see it overtake the top meme coins.

Despite its growth, Pepe does have a few red flags. You are advised to DYOR before investing in it.

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