Pepe Coin (PEPE) is a meme cryptocurrency launched in May 2023, inspired by the popular internet meme Pepe the Frog. Here’s a breakdown of what we know about it as of March 9, 2024:
Origin and Inspiration:
- PEPE draws inspiration from the long-standing and controversial Pepe the Frog meme.
- It aims to capitalize on the success of other meme coins like Dogecoin and Shiba Inu.
Blockchain and Technical Details:
- PEPE operates on the Binance Smart Chain (BSC) as an ERC-20 token.
- It utilizes a redistribution system that rewards long-term holders by providing them with a portion of transaction fees. This approach aims to incentivize holding the coin and potentially increase its stability.
Current Performance (as of March 9, 2024):
- PEPE has a relatively low market capitalization compared to established cryptocurrencies.
- CoinMarketCap currently ranks it at #39, with a live market cap of over $3.6 billion USD.
- It recently experienced a price increase of 7.51% in the last 24 hours, reaching a high of $0.00059793 USD today.
Important Considerations:
- Meme coins are inherently volatile and speculative investments due to their dependence on hype and social media trends.
- PEPE is a relatively new coin with limited track record, so investing in it carries a higher risk.
- Before investing in any cryptocurrency, it’s crucial to conduct thorough research, understand the risks involved, and only invest what you can afford to lose.
Further Resources:
- CoinMarketCap: https://coinmarketcap.com/currencies/pepe/
- CoinGecko: https://www.coingecko.com/en/coins/pepe
- (These websites may not be available due to local regulations, so you might have to search for “Pepe Coin” news and analysis from reputable sources.)
Remember, investing in cryptocurrency involves risks, so make informed decisions and invest responsibly.