The crypto verse has continuously evolved from just Bitcoin to thousands of digital assets in the market. Every so often, there is a new coin or token introduced. Although not all of them can thrive due to the volatile nature of crypto, some have seen success.
One of the most recent crypto tokens to have emerged is PEPE Coin. Based on an internet meme of a frog, this meme coin has seen huge success in just a few months of existence. Released on April 18 this year, it managed to enter the top 100 crypto projects with a market capitalization of $582 million.
Its roadmap promises a lot for its users. Some of the most notable ones are PEPE merch, PEPE Academy, PEPE Tools and community partnerships. Besides this, it is traded on major crypto exchanges such as Huobi, MEXC, OKX, and more. You can also find it on Uniswap and other decentralised exchanges.
As the coin continues to expand tremendously, more investors are looking into it and its viability as an online crypto casino payment option and how it can be used in daily living. Learn more about the coin here:
Who is PEPE?
Pepe the Frog is a cartoon character based on Matt Furie’s comic book ‘Boy’s Club’. It is a humanoid with a human body and a frog’s face. The character soon became an internet star with variations of the character being used in a variety of contexts, from political commentary to personal expression.
Now, the image of Pepe the Frog is being used as a symbol for crypto tokens. Although some NFTs and coins were released with the same concept, the PEPE coin was one among many that have seen tremendous success as they were able to capture the market’s full attention.
Starting at the mere price of $0.000000001, the coin was last reported to trade at the value of $0.00000137. Many say that one key that has made PEPE coin so popular in just a few weeks is thanks to its several listings on different crypto exchanges.
What are meme coins?
PEPE Coin is considered a meme coin but what does this mean? Memecoins are a type of crypto that derive their value and popularity from internet memes or cultural trends. They are often created as a joke or satire and have no real underlying utility or use case.
Examples of meme coins include Dogecoin (DOGE), Shiba Inu (SHIB), and Garlicoin (GRLC). Memecoins are typically created and traded on decentralized exchanges (DEXs) and are often promoted through social media or other online platforms.
With this, it is important to note that the PEPE Coin has no direct association with Matt Furie’s character. It was created to simply pay homage to a meme we all love and recognise.
Should you invest in PEPE Coin?
Although it may seem like PEPE Coin is a great crypto to invest in at the moment, you have to consider some factors. Although the coin has seen a huge increase in value in just a matter of weeks, it is also one of the most volatile assets currently.
This means that its value can drop anytime which is always a part of investing in crypto. With this, you should always check out its price before you start buying one, especially if you want to use it as an investment or a payment for online crypto casino sites.
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