Looks like crypto world is attempting to make Pepe the Frog great again (pun intended). Turns out, the new PEPE memecoin, released just a month ago, is a big deal in Cryptocurrency market news. It has multiplied its value by thousands within a fairly short period of time of its existence, starting from $250 ending with $1.14 million. So, what’s the story? Let’s dive in.
What is Pepe Coin?
“The most memeable coin in existence, ” according to its official Twitter account. Also, the quickest-growing one; its value skyrocketed within 24 hours by 250%, climbing to the 40th position in all cryptocurrencies in terms of market capitalization. PEPE is an ERC-20 token compliant with the Ethereum Network. It is a memecoin that follows the steps of Dogecoin and Inu-coin
Pepe Coin’s primary use case is as a memecoin and a cryptocurrency that brings together two seemingly disparate worlds – Internet memes and finance. It is intended to become the ultimate Internet money that merges the Pepe the Frog meme with cryptocurrency. It’s fun and taps into the power of online communities and Internet culture. All of this makes it “crypto for the people.”
As Pepe coin is built on top of the Ethereum blockchain technology, it benefits from the security and transparency of the network. The blockchain technology ensures that transactions are secure and immutable, and users can easily track their transactions and account balances.
PEPE coin has a unique tokenomics model that aims to increase its value over time. This is good news for anyone who is looking for new Crypto investment opportunities. The project’s developers plan to achieve the growth by implementing a deflationary mechanism that burns a portion of the coins with every transaction. The more the coin is traded, the more its supply decreases, increasing its scarcity and demand, and decreasing the chances its price drops significantly due to Crypto market volatility.
Who is the Pepe Coin Founder?
Pepe coin is distributed by a contact 0x6982508145454ce325ddbe47a25d4ec3d2311933. I didn’t find a particular team associated with the token; looks like the people behind its creation choose to remain anonymous. Classic.
Pepe’s Roadmap
Pepecoin is on a mission, and it’s got a roadmap to guide the way. The roadmap has three phases, each with its own set of objectives.
The first phase, aptly named the Meme phase, is all about creating a buzz around the coin. This phase involves launching the coin and getting it listed on popular platforms like CoinGecko and Coinmarketcap. This will help increase visibility and attract potential investors.
The second phase, Vibe and HODL, is where Pepecoin will focus on building a strong community. The team plans to partner with like-minded projects and create a token-gated Discord group to facilitate discussion among token holders. The goal is to create a community that’s passionate about Pepecoin and committed to holding onto it for the long term.
Finally, the Meme Takeover phase is where things really start to heat up. In this phase, Pepecoin plans to expand beyond the cryptocurrency realm and become a household name. To achieve this, the team plans to launch merchandise, establish Pepe Academy, and Pepe Tools to educate people about the coin, and get listed on top-tier exchanges.
The Pepe Meme: How That Meme About That Frog Got Started
The coin is based upon a character Pepe the Frog created by artist Matt Furie back in 2005. Pepe is a chill cartoon character whose one of the most iconic phrases was “Feels good man” said while going number one with his pants down. The name evokes the sound of “pee-pee,” further emphasizing the bathroom humor.
A few years after, users began creating their own Pepe memes, often featuring the frog’s signature grin, which rose extremely popular online. Smug Pepe, Sad Pepe, and Angry Pepe came to existence a bit later. Pepe became so mainstream that Katy Perry and Nicki Minaj posted the meme on Twitter around 2014-2015. However, several white supremacists were unhappy with Pepe’s newfound popularity and began creating versions of the character with anti-Semitic and racist imagery, thus adding negative connotation to the frog that was first supposed to become your laid back and somewhat careless bro.
At the peak of Pepe’s popularity, supporters of Donald Trump in the alt-right movement embraced Pepe memes, creating suited-up and blonde-coiffed versions of the frog to resemble their candidate. Trump himself even retweeted a Trump Pepe in October 2015, likely without understanding what the meme was supposed to mean.
Pepe’s association with racist and bigoted ideologies became so strong that the Anti-Defamation League labeled him a hate symbol. The Clinton campaign even released their own vision on Pepe, saying that the “cartoon frog is more sinister than you might realize.” Pepe has also taken on political iterations, most being connected to far-right political figures.
Ethereum Jumps to $2K as Memecoins Help Burn More ETH for Gas Fees
Ethereum experienced a sudden surge in value and has emerged as the top-performing cryptocurrency among the top 10 by market capitalization, making even Bitcoin bite the dust. ETH’s price has stabilized around $2K after witnessing a remarkable increase of almost 7% in a matter of minutes.
There may be several factors behind this sudden buying spree of Ethereum. However, Ethereum price analysis suggests the most notable factor contributing to this spike is ETH being used as gas for memecoin transactions on decentralized exchanges. According to @CryptoKaleo, about 21% of the total amount of ETH burned since its Proof of Stake transition happened just around a week ago. While the numbers must have increased further by now, the fact that Pepe has recently been listed on major exchanges like Binance is also likely to have played a role in driving the demand and, therefore the significant Ethereum price jump.
Future of PEPE coin
So, we got Pepe Coin (PEPE) – the new cool kid in the memecoin block, trying to rule the meme kingdom by taking cues from the legendary Pepe the Frog. This baby’s got a fair launch, no taxes, and a whole lot of community love.
Are you wondering what Ethereum and Pepe Coin future prospects are?
Me too. I have no clue. Well, if we base Pepe Coin price analysis upon the track records of its older siblings, Dogecoin and Shiba Inu Coin, and Crypto market trends in general, it appears that Pepe Coin may experience a meteoric rise followed by a plateau in growth and some price fluctuations down the line. However, just like the two memecoins, it’s doubtful that Pepe’s value will take a nosedive anytime soon. On the other hand, Ethereum scalability solutions are urgently needed to address the rising gas fees due to the demand for PEPE
FAQ about Pepe Coin
Where can I buy $pepe?
If you’re looking to add it to your crypto portfolio, there are a few places you can check out. You can start by looking at popular decentralized exchanges like Uniswap or SushiSwap, or even centralized exchanges like Binance or Coinbase, although the availability may vary.
But be warned, Pepe’s rise in popularity may make it a hot commodity, so be prepared to do some searching or even camping out in front of your computer screen to catch it at the right time.
What is rare pepe on bitcoin blockchain?
It’s a digital trading card featuring our beloved Pepe the Frog in all his unique, one-of-a-kind glory. For example, Elonpee, Neopee, and Wopee (guess what is displayed on those ones). These digital trading cards are distributed using the Counterparty platform and stored on the Bitcoin blockchain, giving them an air of exclusivity and rarity.
The Rare Pepe craze has taken the meme world by storm, with collectors all over the Internet eager to get their hands on these coveted digital cards. These cards come in different levels of rarity, and some are so rare, they make a unicorn look like a pigeon. You can spend all day hunting for them, like a modern-day treasure hunt, and the satisfaction of getting your hands on one is sweeter than your favorite dessert. But don’t let that discourage you, my friend. With a little bit of determination and some good old-fashioned luck, you too can become the proud owner of a Rare Pepe card.
So, what makes these cards so special, you ask? Well, apart from their rarity, each Rare Pepe card is a unique work of art created by various artists, making them true collector’s items. And with the rise of blockchain technology, the authenticity and ownership of these cards are now verifiable and secure, thanks to the immutable nature of the blockchain.
In conclusion, Rare Pepe on the Bitcoin blockchain is a fascinating phenomenon, combining the worlds of memes, art, and blockchain technology.
Why can’t I buy Pepe coin?
To put thing short, perhaps you’re either just not looking in the right places. But assuming that you’re already familiar with the basics of Crypto trading strategies, let’s explore some possible explanations.
Firstly, Pepe Coin is a relatively new memecoin that is not yet available on all major exchanges. This means that depending on where you live, you might not have access to the platforms that offer Pepe Coin trading. However, the good news is that the Pepe community is constantly working to get the coin listed on more exchanges, so the chances are it might become available on your favorite platform pretty soon.
Another possibility is that you are using the wrong cryptocurrency to trade for Pepe Coin. Most exchanges only allow specific trading pairs for $PEPE, and if you don’t have the required currency, you won’t be able to buy Pepe Coin.
What is Pepe market cap?
The current market cap for Pepe Coin ($PEPE) is slightly over $600M. The market cap is essentially the total value of a particular cryptocurrency, calculated by multiplying its current price by the total number of coins in circulation. So, in Pepe’s case, it means that if you were to buy up every single coin currently available, it would cost you around that much. Sure thing, compared to BTC or any other major coins, this is nothing. But with the ever-growing memecoin community, who knows what the future will bring?