Highlights:
- Pepe Coin reached a new all-time high of $0.00002299.
- Trading volume for Pepe Coin surged to $20.62 billion, an increase of 228%.
- Pepe (PEPE) has become an exceptionally popular meme coin, inspired by the widely recognized internet character, Pepe the Frog.
Pepe Coin enthusiasts are asking: will Pepe Coin make meme coins great again? The recent surge in attention came after Pepe secured listings on major U.S. trading platforms, driving a significant increase in trading volume. In just 24 hours, PEPE’s trading volume skyrocketed by 228%, reaching $20.62 billion. This surge in interest has propelled Pepe Coin to new all-time highs, with its price rising by 186% since November 4. The article will explore the factors driving this explosive growth, delve into Pepe Coin’s unique appeal in the meme coin space, and assess its potential for continued success in 2024 and beyond.
Contents
What is Pepe Coin ( PEPE)?
Pepe Coin ( PEPE) is a meme-based cryptocurrency inspired by the internet-famous Pepe the Frog meme. Meme coins like PEPE have gained significant popularity due to their community-driven nature and humorous branding. Unlike many meme coins, however, Pepe Coin stands out by leveraging the cultural significance of the Pepe meme while offering a unique value proposition through its community-focused model.
PEPE is an ERC-20 token built on the Ethereum blockchain. While it shares characteristics with other meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB), Pepe Coin does not have intrinsic value or utility. As stated on its official website, “PEPE is a meme coin with no intrinsic value or expectation of financial return.” There is no formal team behind the project, nor any structured roadmap—PEPE was created purely as a tribute to the popular internet meme character “Pepe the Frog,” which gained fame in the early 2000s.
How Does Pepe Coin Work?
Like other meme coins, Pepe Coin operates as a decentralized digital asset, built on blockchain technology. It can be used for peer-to-peer transactions, staking, and as a store of value. The main difference with Pepe Coin lies in its cultural foundation: the coin is more than just a financial instrument. It has become a symbol of internet culture, with the value largely driven by the community’s enthusiasm and involvement. Pepe Coin operates on a few distinctive principles designed to encourage scarcity, reward holders, and streamline transactions:
- Deflationary Mechanism: Pepe Coin features a deflationary model where a small percentage of tokens are burned with each transaction. This process reduces the overall supply, creating scarcity and potentially increasing the value of the remaining tokens over time.
- Redistribution System: Initially, a portion of every transaction was redistributed to existing token holders. This incentivized long-term holding and engagement within the community. However, there have been ongoing discussions about whether this feature will continue in the future.
- No-Tax Policy: Pepe Coin transactions are free of additional fees, making it more accessible for users to trade and transfer tokens. This no-tax policy differentiates Pepe Coin from other cryptocurrencies that impose transaction fees or taxes, promoting ease of use for its community.
Pepe Coin Overview
| Cryptocurrency | Pepe |
| Ticker Symbol | PEPE |
| Market Cap | $9,628,177,670 |
| Fully Diluted Valuation | $9,628,177,670 |
| All-Time High | $0.00002457 |
| 24H Trading Vol. | $25,812,712,775 |
| Total Supply | 420,690,000,000,000 |
| Max Supply | 420,690,000,000,000 |
(Source from: Coingecko, as of Nov 14, 2024)
Pepe Coin Price Chart Over Past One Month
Pepe Coin Price Prediction for 2024
Pepe Coin’s rise is largely driven by the ongoing popularity of meme coins and the internet culture that fuels their growth. Meme coins tend to exhibit high volatility, as their prices are heavily influenced by online trends, social media buzz, and celebrity endorsements. Currently, sentiment surrounding PEPE on X is notably bullish, largely due to the rising momentum of Dogecoin and other meme coins. Notably, influencer PostyXBT tweeted that he is building a position in PEPE, anticipating a rally similar to Dogecoin’s past performance. Similarly, Max pointed out the resemblance between the dominance charts of DOGE/USDT and PEPE/USDT, suggesting that a breakout from the current resistance could lead to a comparable rally for PEPE.
For 2024, analysts predict that PEPE will face resistance around $0.000119, with support near $0.0000717, aligning with the 38.2% Fibonacci retracement level. The average price forecast for the remainder of the year is $0.00009773, indicating a balanced outlook for investors. This suggests that, while there is potential for growth, PEPE may also encounter some consolidation before a significant move.
Pepe Coin Price Prediction for 2025
In 2025, PEPE is expected to trade within a wide range, with a minimum price of $0.0000780 and potential resistance around $0.0001770. The average forecasted price for PEPE in 2025 is $0.000107, highlighting its significant volatility and growth potential.
How to Buy Pepe Coins?
Now that you understand the fundamentals of Pepe Coins, let’s walk through how to buy Pepe Coins. The first step in buying Pepe Coins is selecting a trusted platform where you can purchase or trade the token. WEEX, a top cryptocurrency trading platform, provides a user-friendly interface, advanced trading tools, and robust security. Here’s a simple guide to get you started:
- Create an Account on WEEX: First, sign up on WEEX by visiting their official website. The registration process is quick and user-friendly.
- Deposit Funds: Once you’ve registered, deposit funds into your WEEX account using your preferred payment method, such as cryptocurrency or fiat.
- Search for Pepe Coin (PEPE): Use the search function on the platform to find Pepe (PEPE/USDT).
- Place Your Order: Choose the amount of Pepe Coin you wish to buy and place your order.
- Secure Your Tokens: Once your order is complete, you can securely store your Pepe Coin in your WEEX wallet.
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Sign up for a WEEX account now: https://www.weex.com/register
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