Traders profit from new memecoin Pepe, which has gained enormous popularity in less than 30 days.
Today's cryptocurrency market has continued its impressive run, with a global market capitalization of $1.2 trillion and a 1.77% increase over the past few days. Furthermore, the crypto market volume over the last 24 hours has reached $42.12 billion, representing a remarkable 13% increase.
During this period, several traders have made significant profits, driven in part by the emergence of a new memecoin from a small green frog known as Pepe coin. Since its launch in mid-April 2023, Pepe coin has gained enormous popularity, with its little frog head resembling that of former US President Donald Trump.
Despite recent regulatory measures in the EU, the US crackdown on cryptocurrency, and slow adoption rates in Asia and Africa, Pepe coin has upended the market's narrative. It currently boasts a live pepe price of $0.000002 USD and a trading volume of $371,418,985 USD on CoinMarketCap in the last 24 hours, representing an incredible 90% increase. At present, Pepe coin is ranked #2615 on CoinMarketCap.
In less than 30 days since its launch, Pepe coin has attracted over 224,000 Twitter followers, with a growing number of daily pepe holders. To get in on the action, one can credit their wallet with some ETH to switch to $PEPE. If you don't have any ETH, you can purchase it directly on Metamask, transfer it from another wallet, or buy it on another exchange such as Bitmart.com and send it to your wallet. Alternatively, you can obtain it directly from Uniswap.
Who Are the Founders of Pepe?
As of now, the founders of PEPE remain anonymous, which is not uncommon in the cryptocurrency world. Although information about the team behind the project is scarce, they have successfully garnered attention using social media platforms such as Twitter to promote their meme coin and foster a community around the memecoin.
What Makes PEPE Unique?
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 honoring 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. By not imposing transaction fees, the project can attract a wider audience and expand its user base.
Share your prediction for the Pepe coin's price by the end of the month in the comments below. Additionally, if you are working on any Web 3, blockchain, or cryptocurrency projects in Africa and would like us to promote them, send us an email at sales@cryptoafricanow.com.