Pepe Coin, a meme-based cryptocurrency, has garnered notable interest in recent months. The coin’s price surges have attracted the attention of cryptocurrency enthusiasts. Over a short period, PEPE has demonstrated impressive returns, surpassing popular meme coins like Shiba Inu and Dogecoin, with a remarkable 5819% return on investment (ROI) in just one month.
According to the latest data from CoinMarketCap, PEPE has surged by 18% yesterday.
Some latest news regarding PEPE.
Pepe has as of now burnt 93.1% of its total supply and 6.9% of the supply is being held in a multi-sig wallet only to be used as tokens for future centralized exchange listings, bridges, and liquidity pools.
PEPE holders can bridge their tokens from Ethereum to PulseChain and farm by combining them with free PEPE from PulseChain.
While Pepe Social Media volumes have risen over the last 24 hours, social media sentiments are not positive. Trading volumes have crashed as well in line with the rest of the market. Should trade volumes improve during the week, Pepe coin price has scope to rise further. If the trading volume recovery is frugal, there is more downside ahead.
Some Key Features & Use Case of PEPE
It is based on the well-known internet meme character “Pepe the Frog,” which has a massive following and is instantly recognizable.
Pepe Coin was launched stealthily, with no presale, zero taxes, LP burnt, and contract renounced.
It is a truly decentralized and community-driven project, with no centralized authority controlling its fate.
Pepe Coin is built on the Binance Smart Chain, which provides fast and cheap transactions.
The coin is driven by memetic power, which means that its value can be influenced by social media trends and other market factors.
Pepe tokens can be used as a means of payment for goods and services within the Pepe Coin ecosystem.
It is used to participate in governance and decision-making processes for the future of Pepe Coin.
Users can earn staking rewards for holding PEPE tokens for a certain period of time
Pepe coin can be used to provide liquidity to decentralized exchanges and earn a share of the trading fees in return.
How many times PEPE need to reach at 1 Cent.
To reach 1 Cent, Pepe will need to rise 6k times higher. At 1 Cent, Pepe’s Market cap would be $4012 Billion. If Pepe were to rise 25% every year, it would take it 40 years to reach 1 Cent.
If the Token were to burn 90% of the circulating Tokens, it would still be impossible for Pepe to reach 1 Cent.
Before you invest in any project always do your own research.