Pepe Coin (PEPE) is a popular meme cryptocurrency. After its initial release in April, the token’s market capitalization quickly surpassed $1 billion.
Here, we’ll walk readers through the steps required to purchase popular meme coin, Pepe Coin. We also examine whether or not Pepe Coin is a good investment, and go over the Pepe price history.
Instructions for Purchasing Pepe in Easy Steps
- $PEPE may be traded on some of the best cryptocurrency exchanges, the first step for investors is to select a platform on which to trade it. The token may be bought and sold on markets like OKX and Binance.
- Prospective investors can open an account on exchanges like OKX by providing basic information like their name and email address.
- Investors can buy Tether (USDT), a stablecoin that can be converted to $PEPE through a swap with other cryptocurrencies.
- Look for Pepe by typing the token’s name into the search bar on the OKX exchange’s front page.
- You’ll buy Pepe Coin by entering the desired quantity of tokens on OKX and clicking the corresponding ‘Buy’ button.
What is Pepe Coin?
In 2023, the meme world was taken over by a new cryptocurrency token known as Pepe Coin (PEPE). Since interest rates rose in the wake of the coronavirus outbreak, cryptocurrency markets have been trading sideways.
In 2023, however, with the advent of numerous new meme tokens like $PEPE, the cryptocurrency markets saw a renaissance. The ‘Pepe the Frog’ meme, created by Matt Furie in the early 2000s, serves as the inspiration for a new form of cryptocurrency.
Token holders are not provided with any sort of benefit or value by holding Pepe Coins. The official PEPE website even admits as much, saying, “PEPE is a meme coin with no intrinsic value or expectation of financial return.” There isn’t really a “roadmap team” per se. The coin serves no practical use and is just decorative.
Pepe Coin, one of the most promising cryptocurrencies, has quickly risen to the top of the token rankings in terms of market value. The token’s market worth increased to nearly $1 billion less than two weeks after its launch in April 2023.
With a market cap of almost $5 billion as of the end of May, $PEPE was one of the top 20 tokens in the world.
Since there is no intrinsic value for the investor in this cryptocurrency, the token serves only one purpose. Pepe Coin aims to displace Shiba Inu (SHIB) and Dogecoin (DOGE) as the go-to meme and doge coins. As of this writing, $PEPE is worth almost $600 million on the market.
The price of several meme tokens has shown a tendency to correct after experiencing large gains. The token’s market valuation may be much smaller than that of more established cryptocurrencies like DOGE, but it is still quite young.
Changing Value of PEPE Coins
$PEPE did not have an ICO like many other new meme cryptocurrency coins. On April 17, 2023, the token was released directly to cryptocurrency exchanges. When $PEPE first debuted, a token cost somewhere around $0.000000001 USD.
There are a total of 420.69 trillion of this cryptocurrency’s tokens in circulation. The $PEPE price spike began almost immediately, peaking at $0.00000431 on May 5th, 2023. The token’s value has increased by nearly 430,000% since its inception.
Rate of exchange for Pepe
Following this sudden increase, the token’s price stabilised over the subsequent weeks. As of May 12th, market prices for this very volatile cryptocurrency hovered around $0.00000126. The price of $PEPE is expected to remain flat for the next several months.
However, as June draws to a close, the cryptocurrency has regained some of its earlier positive momentum. The token’s price has climbed from $0.00000095 on June 20 to the current rate of $0.00000150. Over 65.5% of its value has been added in the previous 30 days alone.
Pepe Coin is the 70th largest cryptocurrency by market cap, with about $630 million.
Why Is Pepe So Expensive Now?
While we have discussed the rising price of $PEPE, it is worth considering a few factors that may have contributed to this trend.
FOMO
There have been numerous viral cryptocurrency offerings of incredible returns in record time. $PEPE saw a similar boom in popularity in the days following its debut.
Meme tokens are essentially worthless yet generate enormous profits thanks to their ability to spread like wildfire and clever advertising. Pepe Coin, like Dogecoin, takes its name from an established meme that has broad appeal.
As soon as the price began to rise, investors’ FOMO (Fear of Missing Out) set in. As a result, the price increased by more than 400,000% in just a few weeks after its debut.
Emergence of Cryptocurrency Industry
Meme tokens had wildly fluctuating returns towards the end of 2021 and 2022. Most cryptocurrencies failed to provide returns to investors as Bitcoin (BTC) traded sideways.
With the top tokens’ improved performance, however, investors are pouring a lot of money into the cryptocurrency market. Meme tokens, such as Pepe Coin, have become popular investments because of this trend.
At the beginning of 2023, Bitcoin and Ethereum began to surge, ushering in a new era for the cryptocurrency market. $PEPE quickly became one of the most popular meme tokens in the following months.
Is It a Good Time to Invest in PEPE?
Should investors still put money into $PEPE after its meteoric rise since its introduction in the first half of 2023?
Affordable Coin
As of the time of this writing, one $PEPE token can be purchased for about $0.0000015. Despite a 30 day increase of over 60%, Pepe Coin is still trading at over 65% below its all-time high. As was previously noted, investing in meme tokens can be one of the riskiest things you can do with your cryptocurrency holdings.
Pepe’s Costs
This sort of price drop is usual following significant price rises. This means that more price increases are not out of the question. In addition, after months of flat performance, the token’s recent price increase may be an indication of its rebirth. Investors with a higher tolerance for risk may choose to add $PEPE to their portfolio because of the token’s cheap pricing and the possibility that it may be the next big thing in the cryptocurrency market.
Investors in meme tokens should undertake their own due diligence and only invest if they fully understand the hazards.
Token with Deflationary Effect and Zero Sales Tax
Token holders may not have many immediate uses for $PEPE, but the tokenomics guarantee that it will appreciate in value over time. An ERC-20 token, $PEPE was developed on the Ethereum network.
Pepe Coin’s developers have implemented a zero percent tax on purchases and sales to protect users from unnecessary costs. Due to the higher fees many projects incur to ensure their continued liquidity, this feature can help entice additional investors to the project.
Since some $PEPE coins will be burned with each transaction, Pepe Coin is also a deflationary token. As a result, the total number of tokens available will dwindle over time.
If there are fewer tokens available for a larger pool of investors, their value will rise as demand exceeds supply.
Accessible via a Wide Range of Markets
The fact that you may buy, sell, and trade Pepe Coin on several different cryptocurrency exchanges increases your chances of making a profit. Pepe Coin can be purchased right now on major cryptocurrency markets like KuCoin, Huobi Global, and OKEx.
The token is now available on the world’s largest cryptocurrency market, Binance. As a result, more people will be able to buy and sell the token all around the world.
In the midst of the meme coin craze, the Evil Pepe Coin is gaining popularity amongst investors.
The Evil Pepe Coin is a meme-based cryptocurrency with a community-centric pre-sale that gives away 90% of its tokens.
The goal of the new Ethereum-based meme coin Evil Pepe Coin ($EVILPEPE) is to subvert the norms of the crypto industry.
The long-term success of any meme crypto depends on the creation of an active and involved community. Therefore, $EVILPEPE sells 90% of its tokens in the pre-sale. Within the first two days of its release, the project received over $130,000 in funding from investors.
The current market price of one $EVILPEPE token is 0.000333 USDT. The presale platform supports a variety of cryptocurrencies and payment methods.
Pre-sale of Evil Pepe Coins
In addition, $EVILPEPE hopes to reach a wider audience by being listed on a decentralised exchange (DEX).
The Evil Pepe Coin whitepaper encourages the “brave” to go against convention and follow their gut. It’s a call for investors who don’t mind taking chances.
Additionally, 10% of the platform’s total 6.66 billion tokens will be held in cold storage. The potential rewards from $EVILPEPE are exciting, but investors should carefully weigh their risk appetite and long-term objectives. Community-based systems, on the other hand, tend to do quite well over time.
Here are the steps you need to take now if you want to buy $PEPE.
1.Choosing a Cryptocurrency Exchange
Since $PEPE may be purchased on numerous cryptocurrency exchanges, the first step is to select an exchange. Popular marketplaces where $PEPE is traded include Binance, OKEx, Huobi Global, and KuCoin.
You can evaluate these choices in light of your individual investment goals and needs. Follow the steps in this guide to purchase $PEPE on the OKX market.
2.Sign up for an account.
Go to the OKX exchange’s homepage and select “Sign Up” to begin. Investors can register by giving their contact information (email, name, and full name). You may jump right in and start using the platform without having to go through a lengthy Know Your Customer procedure.
Use the email verification link to confirm your account.
3.Invest in USDT.
Investors may buy Tether (USDT) and other crypto currencies on the OKX market using over 90 different payment methods.
USDT can be bought with major credit cards, PayPal, and other cryptocurrencies, as well as with fiat currency. Once you have USDT in your account, you can exchange it for $PEPE.
After signing up, you’ll be able to view a list of supported digital currencies right on the dashboard. To proceed, select ‘PEPE’ from the meme tokens menu. To see the token’s price history, simply click on the cryptocurrency.
4. Invest in $PEPE
The current price action can be seen by traders on the trading charts.
PEPE spend tokens
In the space provided below, please specify how many PEPE tokens you would like to have converted into USDT. Select “Buy PEPE” to finalise the purchase.
Conclusion
This article has provided a thorough evaluation of the new meme cryptocurrency known as PEPE coins and how to get them. Despite its April 2023 debut, Pepe Coin’s market cap has already surpassed $1 billion.
There are no transaction fees or inflation attached to $PEPE, and the total supply of 420 trillion will decrease gradually. The current price of one token is $0.0000015. This means that by 2023, Pepe Coin could be one of the most sought-after cryptocurrency tokens.
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