PepeCoin is a meme coin launched on April 17th, based on the frog meme originally created by Matt Furie in 2005. However, there is no connection between Pepe and Furie, and the founder of Pepe remains anonymous. According to a recent tweet by Pepe, it describes itself as one of the “most memeable meme coins in existence.“
Pepe Coin has gained popularity due to the endorsement of Elon Musk, who has a history of promoting meme coins. Over the last two weeks, people have shown interest in Pepe Coin and invested in it. Unlike other meme coins, Pepe Coin does not offer a presale and is launched directly with zero taxes. The aim of Pepe Coin is to surpass other meme coins and become the leader in its field.
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WHAT IS PEPECOIN’S MARKET CAP?
Pepecoin is a new meme coin in the cryptocurrency market and has grown immensely, almost reaching $1 billion in market capitalization in just 2 weeks. As it has a sizeable initial whale, despite warnings, people are showing interest and betting on it. Token causes have gained about 500% in the past 2 weeks.
Pepe’s Roadmap
Pepecoin’s roadmap includes three phases.
Phase 1: Meme
- Launch the coin.
- Get listed on popular exchanges like CoinGecko and CoinMarketCap.
Phase 2: Vibe and HODL
- From the partnership with other communities.
- Create a token-gated Discord group.
- Get listed on more exchanges.
Phase 3: Meme Takeover
- Create and sell merchandise.
- Establish the Pepe Academy for education and outreach.
- Develop Pepe tools for a better user experience.
- Get listed on Tier 1 exchanges.
- Achieve a meme takeover with 100,000+ holders.
How to Buy PepeCoin?
A Brief History of the PEPE Memecoin
PepeCoin was launched on April 18, 2023, and listed on Etherscan. In less than 3 weeks, its market capitalization is around $1 billion. PepeCoin comes in under the top 100 coins in terms of market capitalization, which is a great success for the PepeCoin team. Pepe is now traded on many popular exchanges, such as Binance, Uniswap, Huobi, and more than 100 others.
Is it worth it to invest in Pepecoin?
The cryptocurrency market is very volatile; Pepecoin just launched and people are showing interest in it, and it crosses approximately $1 billion in market capitalization. Although Elon Musk also supports this meme, it is legit.
But if we talk about meme coins, they are highly risky but rewarding. However, meme coins are sometimes driven by social media to create hype. Therefore, it is very important to do your own research thoroughly before investing in it.
What is Meme Coins?
Memecoins are digital currencies based on internet memes. Meme coins do not have any uses or real value; their price is derived from the hype of that meme on the internet. Memecoin is highly volatile and risky, and its prices fluctuate based on social media trends. Investing in meme coins should be approached with caution, with investors doing their research and understanding the risk involved.
Tokenomics
Pepe has a total supply of 420,690,000,000,000, and as per Pepe, no taxes are involved in this. 93.1% of the tokens were sent to the liquidity pool, with LP tokens burned and the contract renounced.
The remaining 6.9% is held in a multi-sig wallet for future use in centralized exchange listings, bridges, and liquidity pools.
Anyone can track this wallet with the ENS name “pepecexwallet.eth.”
Risks and Challenges
- Pepe has been highly volatile since its launch, with tremendous momentum in prices
- On May 1st, 2023, it surged over 100% in one day, which is huge but also prevents risks.
- It has no intrinsic value, which means its worth is only as much as someone is willing to pay for it.
- Liquidity can be a concern, especially on some centralized exchanges, which make it difficult to cash out gains.
- If Pepe gets listed on more centralized exchanges, then this concern may fade over time.
Conclusion:
PepeCoin is a new meme coin that has gained popularity in the crypto market due to the endorsement of Elon Musk. At the same time, it has grown its market capitalization to almost $1 billion in just 2 weeks of its launch. It is important to note that meme coins are more volatile and risky than other cryptocurrency projects. It is necessary to conduct thorough research and understand the risks involved before investing. Overall, investing in Pepecoin should be approached with caution, and investors should carefully consider their financial goals and risk tolerance before making any decisions.
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