Despite being recently launched, PepeCoin has already gained massive attention from investors and crypto enthusiasts. Learn more about the unique distribution strategy
Meme coins have been gaining popularity in the world of cryptocurrency in recent years. These coins are typically inspired by popular memes and are often launched without any presale, taxes, or fees. PepeCoin is one such meme coin that has gained a lot of attention since its launch. The coin is named after the famous meme Pepe the Frog, created by Matt Furie. However, it is important to note that PepeCoin has no affiliation with Furie.
The success of PepeCoin has been astounding since its launch. Investors and crypto enthusiasts have been drawn to the coin, and it has already garnered a massive following on social media platforms. One investor even turned a $251 investment into a profit of $1.14 million by swapping 0.125 ETH for 5.9 trillion PEPE tokens. The Twitter handle of PepeCoin has also hit a milestone of 50,000 owners within just two weeks of its launch.
PepeCoin Airdrop
PepeCoin was introduced without a presale, which means that there were no taxes or fees associated with the launch. Its developers have also not burnt liquidity pools or given up their contracts, making the distribution of the coin unique among new cryptocurrencies.
Token Distribution
PepeCoin's distribution strategy is focused on fostering a healthy ecosystem and pushing the adoption of the coin. The total token supply is 420,690,000,000,000, with 93.1% being sent to the liquidity pool and the remaining 6.9% kept in a multiSig team wallet for future centralized exchange listings, liquidity pools, and bridges.
Price Analysis
The number of unique addresses with $PEPE has increased from 7,000 when the project was released to around 40,000 holders a week later. This indicates that investors are rushing towards the project, which increases the possibility of a surge in demand. If that happens, the coin's price will likely jump in the coming time. An Ethereum account purchased 1.8 trillion PEPE for $20 and gained a little profit when the price increased. Whether the buyer sold it or not isn't known, but they would have made over $30,000 if it was not sold.
Is PepeCoin a Good Investment?
The question on everyone's mind is whether PepeCoin is a good investment or not. While the coin has gained a lot of popularity and growth, its low liquidity has made some analysts doubtful about its long-term viability. Even if demand and price witness an increase in the short term, it won't be easy for investors to transform their profits into traditional currency or any other asset. This has led some investors to favor other meme coins like Pikamoon, which is believed to emerge as PepeCoin's strong competitor. Pikamoon is passionate about enhancing liquidity and raising accessibility for investors, two prime reasons responsible for its increasing recognition in the crypto world when it comes to an even dependable and powerful investment option.
PepeCoin's Impact on the Meme Economy
PepeCoin has influenced the meme economy to a great level by showing that popular memes have the power to convert into digital assets that have real-world value and successful communities. In other words, PepeCoins have highlighted the rise in the influence of memes on the online as well as in the financial world. By symbolizing a reputed meme, PEPE serves as evidence of the cultural importance of memes in today's evolving society.
Where to Buy PepeCoins?
PepeCoin was initially introduced on Uniswap, and since it was released on the Ethereum blockchain, one had to pay a hefty gas fee. After some time, it was listed on the centralized crypto exchange MEXC, as well as somereputed crypto exchanges such as Gate.io and Huobi. To avoid the high gas fee, PepeCoins should be bought using a centralized exchange.
PepeCoin in the News
According to PepeCoin's latest tweet, some fraudsters have attacked the PEPE ecosystem to steal the legacy of OG Pepe. The community members have been urged to extend their help and preserve the integrity of Pepe kingdom. The meme coin has hit an all-time high of $0.000000816, indicating an increase of 38,900% since its launch. According to CoinGecko's data, on April 30, the token ranked as the 17th most traded crypto in terms of 24-hour trading volume. Furthermore, $PEPE is now among the top 100 on CoinGecko.
Will PepeCoins Hit $1?
The chances of PepeCoins reaching $1 seem negligible due to the tokenomics of the coin. The total supply of PepeCoins is 420,690,000,000,000, and reaching $1 would mean a market capitalization of 420,690,000,000,000 USD, which doesn't seem like a possibility. Similarly, reaching $0.01 would mean a market cap of 4,206,900,000,000 USD, which is way higher than the current market cap of the overall crypto.
Final Words
Meme coins have always been a high-risk and high-reward form of investment. Even though they are extremely volatile, hype and social media make them popular. While PepeCoin has fetched both popularity and growth, its low liquidity has made certain analysts doubtful about its long-term viability. In conclusion, whether PepeCoin is a good investment or not is based on the fact if one wants to invest for the long-term or short-term. PepeCoins could prove profitable in the long-run; hence, short-term investors need to think carefully. It's important to research and analyze the potential risks and rewards before investing in any cryptocurrency, including meme coins like PepeCoin. []
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