The Pepe coin is one of the fastest-growing small-cap altcoins today. Investors looking to diversify their portfolios have been attracted by the sudden movement of this crypto asset.
In this post, we’ll learn about Pepe coin and its investment opportunities.
What Is Pepe Coin?
PEPE is a deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s.
The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain the scarcity of the PEPE coin.
The PEPE roadmap features three phases, where phase one includes listing on CoinMarketCap, and getting $PEPE trending on Twitter, while phase two includes listing on centralized exchanges (CEXs) and phase three includes “tier 1” exchange listings and what the team terms a “meme takeover.”
What Makes PEPE Different from Other Crypto Assets
PEPE presents a unique offering within the meme coin market by building upon the legacy of Pepe the Frog, a character with a longstanding and controversial history. The project’s dedication to honouring this character distinguishes it from other cryptocurrencies and strengthens its appeal within the crypto community.
The redistribution system is another unique aspect of PEPE, as it rewards long-term stakers and incentivizes users to hold the token for longer periods of time. In doing so, the project aims to promote holder incentives and increase the chances of long-term success.
PEPE’s burning mechanism further highlights its distinct nature, aiming to maintain scarcity within the market. Finally, the no-tax policy makes PEPE stand out from other cryptocurrencies. The project can attract a wider audience and expand its user base by not imposing transaction fees.
How Is PEPE Secured?
PEPE is an ERC-20 token on the Ethereum blockchain, which is secured by the Proof-of-Stake (PoS) consensus mechanism. Decentralized validators stake 32 ETH to process transactions and secure the network.
PEPE’s Worth in Crypto Market Today
Pepe coin trades by the sticker PEPE. The current price of PEPE is $0.000001 USD with a 24-hour trading volume of $463,717,242 USD. The current CoinMarketCap ranking is number 2,612 and a maximum supply of 420,690,000,000,000 PEPE coins.
Where Can You Buy PEPE?
PEPE can be traded on Uniswap (V2), Uniswap (V3), Huobi, Gate.io, MEXC and more.
Closing Thoughts
Pepe coin may be doing very well in the crypto market today, you must ensure to make your research before investing in it. If you must invest, make sure you only put what you can afford to lose.
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