PEPE Coin is gaining traction quickly as meme currencies become viable options with large returns. The coin has increased by more than 2,645% since its lows in April 2023, making it the third largest meme coin. Despite its lighthearted disguise, which was modelled around PEPE the frog, nearly 130,000 investors still find it credible. This article offers a step-by-step tutorial on how to get Pepe Coin, illustrating the meme coin’s distinctive journey and elucidating the reasons behind its recent surge in popularity.
Pepe Coin: What Is It?
The first launch of PEPE memecoin on Etherscan took place in April 2023. The cryptocurrency entered the top 100 coins based on market capitalization in less than three weeks, with a market valuation of more than $420 million. PEPE is traded on several well-known exchanges, such as Kraken, KuCoin, Binance, and others.
Moreover, according to CoinMarketCap, PEPE Coin has rapidly ascended the ranks to join the top 70 cryptos since its introduction in April 2023.
In addition to being hilarious and entertaining, meme currencies have shown to be quite successful, drawing in both supporters and detractors of the cryptocurrency space.
PEPE is a meme coin that is intended for entertainment purposes only, as stated on its official website, yet it has already drawn close to 130,000 investors! PEPE coin, a digital currency, has swept the cryptocurrency industry by storm thanks to its exponential returns.
PEPE Coin: Past Prices
Unlike a lot of recent joke cryptocurrency tokens, there was no initial exchange offering (ICO) for $PEPE. On April 17, 2023, the token was directly listed on cryptocurrency exchanges. The $PEPE coin was initially priced at approximately $0.000000001.
The total token supply of this well-known cryptocurrency is 420.69 trillion. The price of $PEPE began to rise almost immediately, and on May 5, 2023, it reached its all-time high (ATH) of $0.00000431. This means that from the token’s initial release, its price has increased dramatically by more than 430,000%.
In the weeks that followed this abrupt price increase, the token’s value decreased. This erratic cryptocurrency was trading in the $0.00000126 area as of May 12. After that, $PEPE was trading sideways for a few weeks until declining during June.
Then, in July, there were more gains, as the token’s value doubled in just two weeks. However, the token struggled until the end of September, losing 66% of its value in just eight weeks.
However, with the rest of the crypto market bouncing owing to favourable news regarding spot Bitcoin exchange-traded funds (ETFs) being introduced by the likes of BlackRock and Fidelity, PEPE has also had a solid October and November.
Given the spot Bitcoin ETFs and the impending Bitcoin halving, the price has surged 80% in the previous two months and could skyrocket in 2024 if the rest of the market experiences a bull run. With a high trading volume, Pepe has solidified its position as the third-largest meme coin by market capitalization, behind only DOGE and SHIB.
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Why Has Pepe’s Price Increased?
Even though we’ve discussed $PEPE’s bullish price history, let’s examine a few of the factors that contributed to this price increase:
FOMO
Several meme coins have in the past provided investors with astounding profits very immediately. In a same vein, $PEPE had a sharp increase in popularity a few days after its inception.
Meme tokens are not very useful, but because of their marketing and viral nature, they can yield large profits. Like Dogecoin, Pepe Coin is a distinctive cryptocurrency because of its name, which is derived from an iconic and timeless meme.
Fear of Missing Out became FOMO for most investors once the price started to rise. This helped the price go up by more than 400,00 % in the few weeks after publication.
Resurrection of the Crypto World
2021 and 2038 ended with wildly different returns for meme tokens. Bitcoin (BTC) has been trading sideways which is why most cryptocurrencies have not offered profits to investors.
In the cryptocurrency industry, there is a splurge of funds though as they prominent crypto currency coins start performing well. Meme tokens like Pepe Coin therefore typically become profitable ventures.
Bitcoin and Ethereum started to increase at the beginning of 2023, indicating that a renaissance was just starting for cryptocurrency market. The performance of PEPE coin in May 2023.
The way PEPE cryptocurrency rose to popularity in the meme coin community left them absolutely astonished. And twenty days after it entered the cryptocurrency arena, to its market capitalization was higher than $ 1 billion. PEPE skyrocketed 7,000% in just a few short days and with its highly marvelous debut completely revolutionized the whole cryptocurrency meme coin industry.
The research based on the outcomes from Google search shows that PEPE performed brilliantly in April. “PEPE coin”s Google Trend score rose from three in the period between April 9, and May In The year 100 is considered the maximum popularity for a specific keyword search.
PEPE coin surged to $0.00435 and hit its high on May 5 th , With a market cap of coins at %. PEPE coin jumped tremendously after its listing on several prominent cryptocurrency platforms like Binance, Uniswap, KuCoin, OKX Huobi Gate .io MEXC.
How to Buy Pepe Coin?
- Select Exchange: Making an exchange selection is the initial step in investing in PEPE. The token may be purchased on platforms like Binance. For instance, well-known exchanges like Binance, OKX, Huobi Global, and KuCoin allow traders to swap PEPE coin.
- register an Account: After providing their full name and email address, investors can register a new account on exchanges. For instance, go to the OKX exchange website, select “Sign Up,” and provide your email address, full name, and other personal data. There is no need for a KYC (Know Your Customer) procedure.
- Invest in Cryptocurrency: Tether (USDT) is available for purchase, and it may be converted for PEPE.
- Search. To proceed, use an exchange’s home screen to search for PEPE.
- Purchase. Click “Buy” to complete the purchase after entering the desired number of tokens.
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Is it best to hold, sell, or buy?
Both fundamental and technical analysis can be used to assist identify the best course of action when deciding whether to buy, sell, or hold PEPE Coin.
Based on our market research, a total of 14 indicators are signaling bullish activity, while 10 are signaling bearish activity.
According to the algorithm, the price of PEPE Coin will drop by -6.89% during the following five days, arriving at $ 0.051077 on November 5, 2023. Beyond the medium term, PEPE Coin is expected to increase 9.54% and touch $ 0.051267 on Nov 30, 2023.
Which “Pepe Coin Killer” Is the Best Right Now?
The Bitcoin Minetrix is another cryptocurrency that is gaining investor attention amid the ongoing meme coin boom thanks to its unique concept and utility-focused approach.
Meme Kombat: A P2E game and utility meme coin with staking
With its rigorous tokenomics and enormous utility, Meme Kombat ($MK) is an intriguing meme coin and possible “PEPE Killer” since it offers investors several reasons to keep for the long run.
With $MK tokens valued at $0.214, the project is presently in presale and has raised $2 million in just six weeks. Meme Kombat offers high staking payouts and a play-to-earn game where holders can wager to win.
Twelve well-known meme characters, including Pepe, compete for $MK tokens in player-versus-player and player-versus-game scenarios in the Battle Arena. In order to increase their potential winnings, players can place bets on the results of games or engage in other side bets. The game is supported by blockchain technology and artificial intelligence, which guarantees instantaneous payment and fair results.
To participate in the Battle Arena, MK tokens must be staked. During the presale, the staking pool is giving a massive annual yield percentage (APY) of 475%.
A total of 120 million tokens are available, of which 60 million are set aside for the presale, 30 million for staking and fight awards, and the remaining 20 million for DEX liquidity and community rewards.
Notably, there is no team allocation; in addition, Meme Kombat has a team that is publicly visible and doxxed. You can join the Telegram channel or read the Meme Kombat whitepaper for more details on the project.
Conclusion
Pepe Coin has garnered interest in the cryptocurrency market thanks to its innovative idea and active community. Readers may decide whether to invest in Pepe Coin or not by knowing the basics of the cryptocurrency, including its history and goals. But it’s important to keep in mind that investing in cryptocurrencies includes dangers, so before making any financial decisions, people should do their homework and proceed with prudence.
FAQs
Is now a good time to purchase Pepe?
This is an astounding 300% increase over its present worth. The general uptrend in the cryptocurrency market as well as a rise in PEPE’s Twitter following could help the company. It might be listed on more exchanges as it becomes more well-known, perhaps even major cryptocurrency exchanges like Binance.
On which app can I purchase Pepe?
Open a free account via the Binance app or website. Pepe is available for purchase on Binance, a centralised cryptocurrency market. Opening an account and proving your identity are prerequisites to using the Binance platform. Select the method of purchase for the Pepe asset.
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