Described as the "latest crypto meme craze", Pepe was launched in April 2023 without any type of presale. Pepe currently employs the Ethereum blockchain; a potential benefit for those who are looking to diversify their ETH holdings into a more liquid position. The current price of Pepe tokens could also be a nice touch in terms of lo initial investment levels. One of the reasons why this cryptocurrency has gained attention in recent times involves the seemingly stellar returns that some investors have already enjoyed. There is nonetheless more than meets the eye and as always, Crypto Lists can shed some light on the subject. Let's take an in-depth look at Pepe to appreciate why it could represent an interesting opportunity as well as a risky venture.
A Bit About Pepe
Pepe is based off of an early-2000s meme known as Pepe the Frog and its founders feel that the popularity of this meme could lead to significant investor interest. Still, note that Pepe has no official connection to the initial artist (Matt Furie). This asset (PEPE) falls into the same category as other meme coins such as Shiba Inu (SHIB) and Dogecoin (DOGE). In other words, it partially relies upon cultural popularity in order to attract new buyers. Pepe can therefore be used as a means to accrue profits over time although this is not without a fair share of risk. We can also think of Pepe (and meme coins in general) as the proverbial "pink sheets" of the crypto community. The main intention is to take advantage of low purchase values in the hopes that a meteoric rise will occur sometime in the future. So, Pepe can be associated with a fair amount of speculation. While returns are possible, Pepe does not enjoy the exposure or volume of benchmark cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH). So, a fair amount of caution should be taken.
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Pepe is on the Ethereum blockchain and can be purchased through popular e-wallets such as MetaMask. Assuming that an individual already has ETH tokens, it is possible to convert these into a Pepe holding. One unique aspect of this meme coin is that its founders hope that it becomes associated with freedom of expression (an important tenet of the crypto community as a whole). In theory, this may be able to attract investors who are looking for alternative crypto opportunities. We should still point out that even according to its creators, this coin does not possess any real value proposition. In other words, it currently represents a form of entertainment without any solid promises of return on investment (ROI). It is instead billed as a form of entertainment.
Utility of Pepe?
This coin can be used as a one-off investment opportunity or by those who wish to add a bit of liquidity into their existing crypto portfolio.
Still, Pepe can be associated with a fair amount of speculation in terms of short-term price movements.
It could therefore represent an interesting option for crypto punters or for anyone who is not averse to risk.
Pepe Price detailsETH Contract address: 0x6982508145454ce325ddbe47a25d4ec3d2311933
›› Details & Tokenomics
›› PEPE tokenomics and social media
Advantages of Pepe+ PEPE has an extremely low cost per token.
+ Meme coins can generate potentially impressive returns.
+ Pepe is part of the Ethereum blockchain.
+ No deposit fees as of yet.
+ Could be an interesting long-term asset.
Disadvantages- Associated with a somewhat negatively viewed meme culture.
- Liquidity concerns can make cashing out difficult.
- Low volume could cause prices to significantly fall upon liquidation.
- Pepe's long-term roadmap is more speculative than concrete.
- Its creators state that Pepe is meant for entertainment purposes alone.
Costs▪ Rated at 9/10
Let's assume that you are interested in what this meme coin has to offer. What type of fees and costs can you expect? This will partially depend on the exchange used to perform transactions. However, there are presently no deposit fees associated with Pepe.
Withdrawal charges will nonetheless vary between providers. For example, CoinDCX offers free withdrawals for a minimum of $0.0000000 PEPE. Others such as MEXC will levy fees of just over $29 dollars (minus 10250937 PEPE).
Trading fees range between zero percent (MEXC) to 0.25 percent (BitMart). Note that these figures are subject to change, so be sure to consult with your exchange platform or to visit the official Pepe website.
Reputation and Buzz▪ Reputation rated at 8.5/10
▪ Buzz rated at 10/10
Pepe has enjoyed a fair amount of attention since its launch in April. This primarily involves the returns that certain investors have already enjoyed. For instance, one trader is said to have transformed an initial deposit of $27 dollars into a net value of $1 million dollars.
This is not unlike the hype that enveloped other meme coins such as SHIB and DOGE. Some also feel that the demand for Pepe could eventually result in the creation of up to one trillion coins. This would make it one of the most prominent cryptocurrencies (assuming that demand skyrockets in the near future).
In addition, the Pepe the Frog character has built up an online fanbase of anti-establishment, free-speech absolutist conservatives in the younger age demographics. It rose to prominence in the 2016 Presidential Election where Trump's younger millennial and Gen-Z fanbase would create memes featuring the image.
What factors will influence the value of Pepe?
Several variables will come into play. These include overall market sentiment, demand and the state of the crypto ecosystem as a whole. Available buyers will also determine how easy it is to sell Pepe at the desired asking price.
How risky is Pepe as an investment?
Much like other meme coins, Pepe is highly speculative in nature. While you may be able to enjoy substantial returns, significant losses could also occur within a short period of time.
History of Pepe
Here is a quick breakdown of the history of Pepe:
2005 - The Pepe the Frog meme was created by Internet artist Matt Furie.
2016 - Pepe as a character is coopted by young American conservatives backing Donald Trump for the Presidency.
15 April 2023 - The Pepe meme coin was launched.
25 April 2023 - A one-off sale resulting in a profit of $1.23 million dollars was reported (associated with five different ETH addresses).