PEPE, a memecoin based on the Pepe the Frog meme, is a deflationary cryptocurrency with a no-tax policy and a redistributive system that rewards long-term stakers. With a market cap of $1.6 billion in May 2023 ($499.21M in Jun 2023), it has sparked a “MemeCoin Season.” The roadmap is divided into three phases, and its anonymous founders have successfully built a dedicated community. Hinvest introduces PEPE as a unique cryptocurrency based on a popular internet meme with attractive features for holders.
Introduction to PEPE
PEPE, a memecoin introduced on the Ethereum blockchain, embodies the infamous internet meme Pepe the Frog, created by Matt Furie. This cryptocurrency is a testament to the meme’s popularity since the early 2000s.
The Origin of PEPE
About Pepe the Frog Meme
Pepe the Frog has a convoluted and engaging history. The character debuted in Matt Furie’s 2005 comic “Boy’s Club” and took the internet by storm, evolving from an innocent cartoon frog to a symbol of various online subcultures.
Matt Furie’s Creation
Matt Furie is a talented artist whose work inadvertently spurred an entire culture online. Pepe the Frog was one of his creations that gained significant popularity. Little did he know that his creation would eventually inspire a cryptocurrency!
The popularity of the Meme
Pepe the Frog became widely popular across various internet communities. It was frequently shared, referenced, and recreated, gaining a life of its own in the world of internet memes.
Understanding PEPE as a Cryptocurrency
The appeal of the PEPE coin comes from its association with the Pepe the Frog meme. The cryptocurrency community embraced this meme coin due to its intriguing features, such as a no-tax policy, a redistributive system that rewards long-term stakers, and a burning mechanism that ensures the scarcity of the PEPE coin.
Features of PEPE
Deflationary Meme Coin
PEPE is deflationary in nature. The coin’s total supply decreases over time, courtesy of its unique burning mechanism. This feature is intended to create scarcity, thus enhancing the value of the remaining coins.
No-Tax Policy
Another notable attribute of PEPE is its no-tax policy. This approach aims to attract a wider audience by eliminating transaction fees and distinguishing PEPE from other cryptocurrencies.
Rewards and Burning Mechanism
PEPE’s redistributive system rewards holders who stake their coins for the long term. It’s a strategy to encourage loyalty to the coin, thus fostering a stable community. Alongside this, PEPE incorporates a burning mechanism whereby a portion of the coins is removed from circulation regularly to maintain scarcity.
The Market Impact of PEPE
Explosive Surge
From late April to May 2023, PEPE experienced a meteoric rise, with its market cap reaching a staggering $1.6 billion. This price rally turned many early holders into millionaires and attracted a community of followers.
“MemeCoin Season”
The rise of PEPE and the similar surge of other meme-coins led to what has been described as a “MemeCoin Season”. These tokens, some of which launched within hours of each other, experienced extraordinary price pumps followed by dramatic dumps.
Market Cap and Holder Impact
PEPE’s impressive market cap and the prosperity it brought to its holders helped generate a strong community around the meme coin. Whether PEPE and other meme coins can sustain their highs remains uncertain, but bagholders certainly hope for this outcome.
PEPE’s Future Prospects
Three Phased Roadmap
PEPE’s roadmap is divided into three phases. The first phase encompasses getting listed on CoinMarketCap and trending on Twitter. The second phase involves listing on centralized exchanges (CEXs), while the third phase envisages listings on “tier 1” exchanges and a “meme takeover.”
Social Media Promotion
Despite the founders’ anonymity, they have effectively utilized social media platforms like Twitter to promote their meme coin and build a vibrant community.
Community Building
With its attractive features and community-centric approach, the PEPE project has cultivated a dedicated group of followers supporting and promoting the coin.
Founders of PEPE
Anonymous Founders
As is the case with many cryptocurrencies, the founders of PEPE prefer to remain anonymous. Although limited information is available about the team, their success in drawing attention to PEPE is evident.
Unique Attributes of PEPE
Legacy of Pepe the Frog
By building on the legacy of Pepe the Frog, a character with a longstanding and controversial history, PEPE distinguishes itself from other cryptocurrencies and adds a unique appeal to the crypto community.
Redistribution System
The redistribution system is another characteristic of PEPE, as it rewards long-term stakers and motivates users to hold onto the token for extended periods. This strategy aims to enhance holder incentives and boost the coin’s long-term success.
No-Tax Policy and Burning Mechanism
Lastly, PEPE’s burning mechanism highlights its unique nature. By removing coins from circulation periodically, the coin maintains scarcity within the market. Additionally, the no-tax policy sets PEPE apart from other cryptocurrencies.
Circulation of PEPE Coins
PEPE’s redistributive system rewards long-term stakers, incentivizing them to hold onto the token. Furthermore, PEPE implements a burning mechanism, wherein a portion of the coins is regularly removed from circulation, maintaining scarcity despite the coin’s significant maximum supply.
Security of PEPE
As an ERC-20 token on the Ethereum blockchain, PEPE is safeguarded by the Proof-of-Stake (PoS) consensus mechanism. It uses decentralized validators, who stake 32 ETH, to process transactions and secure the network.
Trading PEPE
PEPE can be traded on platforms such as Uniswap (V2 and V3), Binance, KuCoin, Huobi, Gate.io, MEXC, and more. For real-time tracking of PEPE prices, you can use the CoinMarketCap app.
PEPE Price Live Data
24-hour Trading Volume
The live trading volume of PEPE over the past 24 hours stands at $180,406,508 USD. This highlights the current demand and liquidity for PEPE in the market.
CoinMarketCap Ranking
As of now, PEPE ranks #71 on CoinMarketCap. This ranking indicates PEPE’s relative size and influence within the global cryptocurrency market.
Circulating and Max Supply
The circulating supply of PEPE coins is 391,790,000,000,000, out of a max supply of 420,690,000,000,000. The disparity between these figures results from the coin’s burning mechanism and redistribution system.
Trading PEPE with the Help of Bots
With the growing popularity and complexity of cryptocurrency trading, AI trading bots have emerged as game-changers. These bots simplify trading, allowing both experienced traders and beginners to navigate the volatile crypto markets efficiently. One such platform is hinvest.ai, an AI-driven trading bot platform.
Introducing Hinvest.ai
Hinvest.ai is an innovative platform that uses Artificial Intelligence (AI) to facilitate automatic trading. It provides a user-friendly interface, real-time analytics, and a range of trading bots tailored to different cryptocurrencies.
PEPE Trading Bot on Hinvest.ai
Among the offerings of hinvest.ai is the PEPE Trading Bot. This specialized bot allows users to automate their PEPE trades, saving time and reducing the stress associated with manual trading.
The PEPE Trading Bot utilizes advanced AI algorithms to identify profitable trade opportunities. It conducts market analysis, identifies trends, predicts price movements, and executes trades on behalf of the user.
Benefits of Trading with the PEPE Trading Bot
- Automation: The bot operates 24/7, meaning it can trade PEPE on your behalf while you sleep, ensuring you never miss a trade opportunity.
- Speed: Bots can execute trades faster than humans, a crucial advantage in a market as volatile as cryptocurrency.
- Accuracy: AI-driven bots analyze vast amounts of data to make informed trade decisions, reducing the risk of human error.
- Reduced Stress: The bot handles market analysis and trade execution, allowing you to avoid the stress of constant market monitoring.
Pepe Trading Bot Coin Bot
Setting Up Your PEPE Trading Bot
Setting up your PEPE Trading Bot on hinvest.ai is simple:
- Create an account on hinvest.ai and log in.
- Navigate to the ‘Bots’ section and find the PEPE Trading Bot.
- Configure the bot according to your trading preferences, including trade size, risk level, and profit goals.
- Connect the bot to your chosen cryptocurrency exchange where you hold PEPE.
- Activate the bot, and it will start trading PEPE on your behalf.
Embrace the future of trading with hinvest.ai’s PEPE Trading Bot, and let technology work to maximize your trading potential.
Conclusion
Frequently Asked Questions (FAQs)
What is the total supply of PEPE coins?
The total maximum supply of PEPE coins is 420,690,000,000,000.
Where can I buy and trade PEPE?
PEPE can be traded on Uniswap (V2 and V3), Binance, KuCoin, Huobi, Gate.io, MEXC, and more.
Who are the founders of PEPE?
The founders of PEPE prefer to remain anonymous, which is common in the cryptocurrency world.
What makes PEPE unique among other cryptocurrencies?
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.
What’s the current CoinMarketCap ranking of PEPE?
PEPE is currently ranked #71 in May 2023 (#84 in Jun 2023)on CoinMarketCap, indicating its relative size and influence within the global cryptocurrency market.
The Hinvest Editorial Staff is a team of experts in AI crypto trading bots, market research, and high-tech business solutions, led by seasoned professionals with over a decade of experience in the industry. Our team has provided top-quality insights and solutions since 2019, with over 2 years of experience in AI crypto trading bots and over 10 years in high-tech business solutions.
