How to Evaluate PEPE: A Technical and Fundamental Analysis

Pepe (PEPE) is a meme-inspired cryptocurrency that was launched in April 2023 as a tribute to the Pepe the Frog internet meme, created by Matt Furie. The project aims to capitalize on the popularity of meme coins, such as Shiba Inu and Dogecoin, and strives to establish itself as one of the top meme-based cryptocurrencies.

Pepe appeals to the cryptocurrency community by instituting a no-tax policy, a redistributive system rewarding long-term stakers, and a burning mechanism to maintain scarcity of the PEPE coin. In late April to May 2023, the explosive surge of PEPE caused its market cap to reach a high of $1.6 billion at one point, minting millionaires out of early holders and attracting a strong community of like-minded followers.

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