The cryptocurrency was created in mid-April 2023. This is a meme token, the project was named after the “Pepe the Frog” meme, which the world learned about 18 years ago thanks to Matt Furie’s comic book “Boys Club”. Pepe coin quickly became a leader in capitalization. What is the secret of success?
Memcoins differ from serious blockchain startups aimed at practical applications in that they are created to attract attention. Memes have long appeared on the Internet and are unlikely to lose their relevance in the future.
Pepe Coin is an ERC-20 token on the Ethereum blockchain. Cryptocurrency is attracting the attention of crypto enthusiasts. An undeniable advantage is that there is no commission for transactions.
The cryptocurrency was created as a tribute to Pepe the Frog. It became the most memorable memcoin and took a leading position in the industry.
One investor's secret to success
The investor sold 0.125 ETH (about $250) and was able to purchase almost 6 trillion tokens in Pepe cryptocurrency. Due to the popularity of the project, the value of the token increased. So, already on April 19, the investor became a millionaire, his net profit amounted to more than $1.5 million. His story inspires to make money on cryptocurrency.
Atypical situation
The main paradox is that there is no information about the creators of memcoin. It is only known that Pepe coin has no connection with the author of the comic book about Pepe the Frog. The cryptocurrency has no intrinsic value and does not have an official development team.
How can I buy Pepe coin?
It is worth noting right away that you cannot earn cryptocurrency through mining, staking or pharming, you can only buy it. To avoid dealing with scammers, you should use trusted exchanges. You can purchase cryptocurrency on Binance. To make a transaction, you need to register on the exchange, top up your wallet and go to the “Slot”. Next, in the search, you need to find PEPE and click on “Trade”.
Where can you store PEPE?
Conveniently, memcoin can be stored in any ERC-20 wallet, such as Trust Wallet or Safepal. If your wallet does not have the name of the coin in the list, you can add it yourself in the search line. The contract address will also be displayed here, and you can find out other information. It is possible to track transactions, evaluate and analyze activity.
Forecast taking into account risks
Many users are interested in the prospects of the new cryptocurrency. The public is interested in knowing whether it is worth investing in memcoin if the first wave of popularity has passed. There are fears that Pepe coin will repeat the fate of Grimace coin, Pump Coin. Memcoin's predecessors fell out of favor after a short period of time. Experts believe that PEPE has prospects provided that there is stable demand for the coin. There is a possibility that the “frog” can become more successful than the “dogs”. No one can be 100% sure that Pepe coin investors will get rich, but there is a chance. At the same time, the scenario cannot be ruled out that by the end of 2023 everyone will forget about memcoin. You should not invest your last money in a new cryptocurrency or take out a loan to purchase it.
Pepe coin proves by its own example that memes can be popular in the crypto industry. Such cryptocurrencies are referred to as digital candy wrappers. Many experts call memcoins a big part of the crypto trading landscape. To avoid becoming bankrupt, you should remember to diversify risks.
