Pepe Coin

What is Pepe Coin?

Pepe Coin is a popular meme coin inspired by the “Pepe the Frog” meme that was created by Matt Furie first and appeared in Boy’s Club in 2005. However, the developer of PEPE Coin is anonymous. In case you don’t know what meme coins are, they are based on popular internet memes and have some humorous characteristics.

The Coin was launched in April 2023, and in less than a month, it has quickly become popular among crypto communities and secured its place among the top 100 cryptocurrencies in terms of market cap.

According to official website, Pepe Coin was created with entertainment and fun purposes only and with no expectation about financial return on it. Even still, thousands of investors have purchased millions of PEPE coins, which got it listed on Major Crypto Exchanges like Binance, Gemini and Bybit, despite no real-world use-case.

Who created Pepe Coin?

As mentioned earlier, the famous meme “PEPE the Frog” was created by a cartoonist artist Matt Furie, but the developer behind the creation of PEPE Cryptocurrency is anonymous. Interestingly, the homepage of meme coin states that “Coin has no affiliation with Matt Furie or his creation Pepe the frog.”

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How does Pepe Coin works?

The total supply of PEPE is 42,690,000,000 tokens, verified by CoinmarketCap, with circulating supply of 391,790,000,000,000 PEPE (93% of total). All the circulating coins were provided in the liquidity pool, while the left out 6.9% are allocated to a multi-signature wallet for Exchange listing, bridges and other future spending purposes.

Pepe Coin is based on a deflationary mechanism. With each transaction, the supply of coin will decrease, which eventually will lead to token price inflation. Moreover, it uses a redistribution system in which a portion of every transaction gets distributed to existing token holders to keep them engaged and make them think about it as a long-term investment.

What is Memecoin?

MemeCoin is a cryptocurrency inspired by an internet meme with the sole purpose of entertainment and fun. Even with no real-world use-case, meme coins always gain so much social popularity and investors interest because of cheap value and high potential for profit/loss.

The first meme coin was created in 2013 by two Software Engineers, Billy Markus and Jackson Palmer as a joke on popular Doge meme. Later on, Dogecoin gained so much popularity and even become one of the top #10 cryptocurrencies with highest market cap. In early 2021, it was publicly praised by Elon Musk, the CEO of Tesla and SpaceX, and many other billionaires.

However, later, Thailand’s security and exchange commision banned MemeCoin production stating that they have no clear objectives and substance. But that did not affect market makers’ decisions to invest in Meme Coins. As of now, over 100 meme Coins are available in the market but many of them have depreciated in value significantly.

Comparisons

Pepe Coin vs DogeCoin

Since its launch in mid-April 2023, Pepe Coin (PEPE) has made a significant mark in the meme coin industry. Its rapid growth is challenging the popular coins, such as Dogecoin (DOGE) and Shiba Inu (SHIB). However, Dogecoin is far ahead of PEPE because of its endorsement by influencers and billionaires like Elon Musk.

Pepe Coin vs Shiba Inu

Many analysts believe Pepe Coin will become the second largest meme coin in the market, after DOGE. They also predict that the surge in the price of PEPE will soon dethrone Shiba Inu.

Comparing Pepe to Shiba Inu, Cryptunez, a popular crypto currency page, posted on twitter that SHIB is an “overvalued, unoriginal doge clone who touts fake utility.”

Based on current events, and hype between Pepe and Shiba, we would recommend you choose Pepe. However, whatever coin you choose, make sure to do thorough research and understand the fundamentals, utility, and market dynamics of each cryptocurrency before considering any investments.

Is Pepe Coin a Good Investment?

It’s hard to provide a fundamental reasoning behind why you should invest in Pepe Coin. However, based on hype and only for entertainment purposes, as stated on the official site of the Coin, with no intent to gain profit, you are free to invest. However, from investment perspective we don’t recommend investment in any meme-coin because of high volatility and risk involvement.

Pepe Coin Price Prediction

Since its launch, we saw a dramatic increase in PEPE Coin price. According to our Chart Analysis experts, it has potential to lead the Meme cryptocurrencies market. Recent listing of the token on top tier Exchanges like Binance and ByBit, shows investors are confident in the coin.

With hype in the market our Chart Analysis team believes PEPE Coin has the potential to do a new all-time high before the end of 2023.

Our Predictions for PEPE Long term potential are as follows.

PEPE Prediction 2025

Looking at the current 4-hour trading chart of PEPE it is currently trading above its Major support level, which is around $$0.00000158 to $0.00000120. According to our Chart Analysis, by 2025, PEPE Coin will easily be able to kill one zero and would be trading around $0.00002440 to $0.00002720.

Price Prediction 2030

When asked about the potential of PEPE Coin by 2030, our experts in the majory voted against PEPE Coin‘s future potential, stating that if we look at the history of meme coins, they don’t perform well in the long run, except Dogecoin, thanks to Elon Musk‘s endorsement.

Currently it has a large community like Shiba Inu and Safemoon used to have, but they all will vanish when coin hype and new investments start to decline. Hence, it’s hard to predict what the price of PEPE Coin will be by 2030, but we believe it will be around what we predicted for 2025.

Pepe Coin Pros and Cons

Where can I buy Pepe Coin?

You can purchase Pepe Coin from any cryptocurrency Exchange that support its trading. Some popular Exchanges where users can trade PEPE tokens, as of now, includes Binance, Bitfinex, and KuCoin.

It is recommended to conduct thorough research on these Exchanges, compare trading fee, and ensure that the exchange is reputable and secure before making any purchase.

How to buy Pepe Coin?

To buy Pepe Coin, first find a secure cryptocurrency trading platform that support Pepe Coin trading. After that, create an account on the chosen exchange, complete any required verification procedure, deposit fund into it, locate the PEPE Coin trading pair, specify the desired amount and price, and place your buying order. Review the details and confirm the purchase. Once trade is executed and fulfilled, the bought amount of PEPE coin will reflect in your wallet balance sheets.

How to stake Pepe Coin?

To stake Pepe Coin, you typically need to hold your Pepe Coin in a compatible staking wallet or connect to a staking platform. Verify the staking requirement, including minimum staking amount and any lock-up periods. Delegate or transfer your Pepe token to the designated staking address or platform, and monitor your staking rewards, which are often based on the staked amount and staking protocol rules. Some Exchanges also enable flexible trading, allowing users to unstake or adjust their staking setup based on the platform’s guidelines. Make sure to understand the staking process and research the specific requirement before proceeding.

We Coin-Labs.com provides only objective information about Pepe Coin.
Therefore, we are not responsible for the investment decision in Pepe Coin and the resulting loss.

Pepe Coin Basics

Here are some factors that investors should consider before investing in Pepe Coin.

Reliability Score of Pepe Coin in 2024

These are indexes mesuring the investment reliability of Pepe Coin conducted by Coin-Labs.com.

The table above shows the result of investment suitability evaluation for Pepe Coin.
Check out how we evaluate cryptocurrencies on the crypto rating description page.

Pepe Coin Price

Here are the price and recent trading volume of Pepe Coin. (Data of 2024-04-14 13:15:00)

Cryptocurrency Metadata

You can check the development status and social media information of Pepe Coin through the links in the table below.

Where to Buy Pepe Coin

Here are the top ten world crypto exchanges where traders can buy Pepe Coin in 2024.

Frequently Asked Questions