PepeCoin (PEPE) is a meme-inspired cryptocurrency that has taken the crypto world by storm. Created in 2016, PepeCoin pays homage to the popular Pepe the Frog internet meme, aiming to establish itself as a top meme-based digital asset. Built on the Ethereum blockchain, PepeCoin offers an OS-style app ecosystem that integrates DeFi, games, NFT experiences, and memetics.
PepeCoin has experienced explosive growth in recent months, attracting a strong community of followers and reaching a market cap of over $4.7 billion. With its unique features and tokenomics, PepeCoin has carved out a niche in the competitive world of cryptocurrencies. Let’s dive deeper into what makes PepeCoin stand out and explore its current market performance.
What is PepeCoin (PEPE)?
PepeCoin (PEPE) is a cryptocurrency that was created in 2016 as a tribute to the iconic Pepe the Frog meme. The meme, which originated from illustrations by artist Matt Furie, has become a cultural phenomenon and has been widely shared and adapted across the internet. PepeCoin aims to harness the popularity and appeal of the Pepe meme to establish itself as a leading meme-based digital asset.
PepeCoin is built on the Ethereum blockchain and utilizes the ERC-20 token standard. By leveraging the Ethereum ecosystem, PepeCoin benefits from the network’s security, stability, and smart contract functionality. This allows PepeCoin to offer a range of features and applications beyond simple value transfer.
PepeCoin’s Origins and Inspiration
PepeCoin was created in 2016, inspired by the widespread popularity of the Pepe the Frog meme. The meme, which features a green anthropomorphic frog, was originally created by artist Matt Furie in a comic book series called “Boy’s Club.” Over time, Pepe the Frog became an internet sensation, with countless variations and adaptations shared across social media platforms and online communities.
The creators of PepeCoin recognized the cultural significance and appeal of the Pepe meme and decided to create a cryptocurrency that pays homage to it. By associating the cryptocurrency with the beloved meme, PepeCoin aims to tap into the enthusiasm and loyalty of Pepe fans and meme enthusiasts.
PepeCoin’s Key Features and Tokenomics
PepeCoin offers an OS-style app ecosystem that integrates various aspects of the cryptocurrency world. The ecosystem includes decentralized finance (DeFi) applications, games, non-fungible token (NFT) experiences, and memetics. This comprehensive approach aims to create a vibrant and engaging environment for PepeCoin users.
One of the key features of PepeCoin is its redistribution system. A portion of each transaction fee is redistributed to PepeCoin holders, rewarding long-term stakers and incentivizing holding the token. Additionally, PepeCoin employs a token burning mechanism, where a percentage of tokens are regularly burned, reducing the overall supply and potentially increasing the value of remaining tokens.
| Feature | Description |
|---|---|
| OS-style App Ecosystem | Integrates DeFi, games, NFT experiences, and memetics |
| Redistribution System | Rewards long-term stakers with a portion of transaction fees |
| Token Burning | Regularly burns a percentage of tokens to reduce supply |
| ERC-20 Token Standard | Built on the Ethereum blockchain for security and functionality |
PepeCoin (PEPE) Price Analysis
PepeCoin (PEPE) has experienced significant price fluctuations since its inception. The cryptocurrency has seen both all-time highs and lows, reflecting the volatility often associated with meme-based digital assets. Let’s take a closer look at PepeCoin’s price history and current market performance.
PepeCoin’s Current Market Performance
As of the latest data, PepeCoin (PEPE) is trading at a price of $0.000011 USD. The cryptocurrency has a 24-hour trading volume of $2,335,467 USD, indicating significant market activity. PepeCoin currently ranks at #23 on CoinMarketCap, with a market capitalization of $4,734,878,527 USD.
Over the past 24 hours, PepeCoin’s price has increased by 6.33%, showcasing positive market sentiment. The cryptocurrency’s price has been on an upward trajectory, with its all-time high reaching $7.57 just two months ago. However, it’s important to note that PepeCoin has also experienced significant lows, with its all-time low recorded at $0.01088 eight months ago.
Factors Influencing PepeCoin’s Price
Several factors have contributed to PepeCoin’s price movements. One of the primary drivers is the overall growth and popularity of the Ethereum ecosystem. As PepeCoin is built on the Ethereum blockchain, its value is closely tied to the success and adoption of Ethereum.
Another factor influencing PepeCoin’s price is the growing popularity of meme coins. Meme-based cryptocurrencies have gained significant traction in recent years, with investors and traders attracted to their viral nature and potential for rapid price appreciation. The speculative trading surrounding meme coins has played a role in PepeCoin’s price fluctuations.
PepeCoin’s Market Cap and Supply
PepeCoin’s market capitalization is a measure of its total value in circulation. It is calculated by multiplying the current price of PepeCoin by the number of tokens in circulation. As of the latest data, PepeCoin has a market cap of $4,734,878,527 USD, ranking it among the top cryptocurrencies in terms of market value.
PepeCoin’s Market Cap Ranking
PepeCoin’s market capitalization has propelled it to a prominent position in the cryptocurrency market. With a market cap of over $4.7 billion USD, PepeCoin ranks at #23 on CoinMarketCap, putting it ahead of many well-established cryptocurrencies.
The high market cap ranking reflects the significant value that investors and traders have placed on PepeCoin. It also indicates the cryptocurrency’s growing prominence and recognition within the broader crypto market.
PepeCoin’s Circulating and Maximum Supply
The circulating supply of PepeCoin refers to the number of tokens that are currently in circulation and available for trading. According to the latest data, PepeCoin has a circulating supply of 420,689,899,999,995 PEPE tokens.
In addition to the circulating supply, it’s important to consider PepeCoin’s maximum supply. The maximum supply represents the total number of PEPE tokens that will ever exist. PepeCoin has a maximum supply of 420,690,000,000,000 PEPE tokens. Once this maximum supply is reached, no new PEPE tokens will be created.
| Supply | Amount |
|---|---|
| Circulating Supply | 420,689,899,999,995 PEPE |
| Maximum Supply | 420,690,000,000,000 PEPE |
Where to Buy and Trade PepeCoin
PepeCoin (PEPE) is available for purchase and trading on a variety of cryptocurrency exchanges. These exchanges include both centralized and decentralized platforms, catering to different user preferences and trading needs.
Top Centralized Exchanges for PepeCoin
Centralized exchanges are popular platforms for buying and trading PepeCoin. Some of the top centralized exchanges that list PepeCoin include:
- LBank
- Bitget
- MEXC
- BlueBit
- Bilaxy
These exchanges offer user-friendly interfaces, various trading pairs, and high liquidity for PepeCoin. They also provide features such as order books, price charts, and trading tools to facilitate effective trading strategies.
In addition to the exchanges mentioned above, PepeCoin is also listed on major centralized exchanges like Binance, KuCoin, Huobi, and Gate.io. These exchanges have significant user bases and trading volumes, providing increased exposure and trading opportunities for PepeCoin.
Decentralized Exchanges Listing PepeCoin
For users who prefer a more decentralized trading experience, PepeCoin is also available on decentralized exchanges (DEXs). Decentralized exchanges allow for peer-to-peer trading without the need for intermediaries.
The most notable decentralized exchange listing PepeCoin is Uniswap. Uniswap is a popular Ethereum-based DEX that enables users to trade ERC-20 tokens directly from their wallets. PepeCoin can be traded on both Uniswap V2 and Uniswap V3, providing liquidity and trading options for users.
PepeCoin’s Future Outlook and Roadmap
PepeCoin’s future looks promising, with a clear roadmap outlining its planned phases and milestones. The PepeCoin team has set ambitious goals to further establish the cryptocurrency’s presence and adoption in the market.
PepeCoin’s Planned Phases and Milestones
PepeCoin’s roadmap is divided into several key phases. The first phase focuses on achieving listing on major cryptocurrency platforms, such as CoinMarketCap, and gaining traction on social media platforms like Twitter. This phase aims to increase PepeCoin’s visibility and attract a larger user base.
The second phase of the roadmap involves securing listings on prominent centralized exchanges. By expanding its presence on major exchanges, PepeCoin seeks to improve its liquidity and accessibility to a wider range of investors and traders.
The third and final phase of PepeCoin’s roadmap targets listings on tier 1 exchanges. Tier 1 exchanges are the most reputable and highly regarded platforms in the cryptocurrency industry. Achieving listings on these exchanges would be a significant milestone for PepeCoin, further solidifying its position in the market.
Potential Risks and Volatility of PepeCoin
While PepeCoin has shown impressive growth and has a strong community backing, it’s important to acknowledge the potential risks and volatility associated with meme coins. Meme-based cryptocurrencies are often highly speculative and subject to rapid price fluctuations.
The value of PepeCoin can be influenced by various factors, including market sentiment, social media hype, and the overall performance of the cryptocurrency market. As with any investment, it’s crucial to conduct thorough research, understand the risks involved, and make informed decisions based on your individual financial situation and risk tolerance.
Despite the potential risks, PepeCoin’s unique features, strong community support, and clear roadmap suggest a promising future for the cryptocurrency. As the project continues to evolve and achieve its milestones, it has the potential to further establish itself as a prominent player in the meme coin space.
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