What Is Pepe Coin? Guide to the Next Big Meme Coin

Pepe Coin, the meme coin inspired by the famous Pepe the Frog meme, has overtaken the crypto market in some ways. The Ethereum-based token, introduced on April 16, 2023, surged in popularity and market capitalization, so fast and high that it has shocked even the seasoned crypto-believers.  

Pepe Coin has gained thousands of new fans and investors in just a few months since its launch. In a matter of a few months, it gained followers in the tens of thousands on both Twitter and Reddit as fans rushed to buy, and trading on decentralized exchanges exploded. Meme coins have become a $20 billion playground for investors seeking high-risk and big reward opportunities for quick gains.

In this blog, we will learn why tokenomics works for it and, more importantly, why it seems to be getting a good amount of hype as the “next big meme coin.” Besides this, we’ll look into meme coin investment, which would include risks and rewards, followed by a thorough walkthrough on getting and storing securely. 

What is a Memecoin?

A meme coin is a type of cryptocurrency that gains popularity primarily due to its association with online memes, humor, or social media trends rather than on technology or value that lies under the surface. While projects like Bitcoin or Ethereum find a place as useful tools in a blockchain ecosystem, meme coins are basically narratives driven by the internet culture of the web and community-driven buzz.

Features of Memecoins:

1. Participatory: Value largely comes from community support and social media hype.
2. High Volatility: Prices can skyrocket or drop quickly based on trends.
3. Low Entry Cost: Often start with a low price, attracting new investors.
4. Limited Utility: Primarily exist for fun and speculation, with minimal real-world use.

What is Pepe Coin?

Pepe Coin, a meme coin based on the popular internet meme “Pepe the Frog,” emerged in April 2023. While its very association with the meme has made it respectably well-known, the active involvement of its community. The growth, in just weeks, is astonishing: a major market capitalization of over $1 billion has been achieved in a few weeks.

Despite its apparent potential, the project commenced by coming under the radar for token distribution and rug-pull accusations. With these hurdles, it continues to have a dedicated community and remains a popular choice for meme coin enthusiasts.

What Sets Pepe Coin Apart?

Pepe Meme Coin has distinguished itself from the rest of the competition because of a few factors:

Pepe Coin is generally seen as a meme coin revolving around possibly the most famous “meme” ever: “Pepe the Frog.” The fact that it has entered our culture gives it instant identification and relatability, especially within internet culture and meme enthusiasts.

Like other successful meme coins that have come and gone like Dogecoin and Shiba Inu, this meme coin has enjoyed a meteoric rise in popularity, thanks to access to Twitter and Reddit.

This meme coin depends heavily on an enthusiastic community to drive up its visibility; user-generated content and community-led marketing are pushing it toward its growth.

The very cheap price of Pepe Coin per token makes it very affordable and, thus, easy for small-time investors to enter and capture their share of the meme coin craze.

It’s a rollercoaster of a coin, swinging up and down. But if you are on the riskier side and don’t mind a wild ride with a chance at a big payday, you can take that plunge. 

Tokenomics and Structure of Pepe Coin

The tokenomics and structure of Pepe Coin are relatively simple. Here are points that you should consider:

Token Supply: The supply of this coin is fixed, typically in the trillions, and it aims to create a low-cost per-token structure that encourages high-volume trading and accessibility for investors.

Distribution: Most tokens are readily available for trading, while a smaller portion is reserved for maintaining liquidity, promoting the coin, and rewarding the community.

Burn Mechanism: Some meme coins, like Pepe, reduce their supply by burning tokens, which can potentially boost their value. But this varies depending on the coin’s specific setup.

Participatory: Pepe Coin’s success largely depends on its community, with social media buzz and investor hype driving its value more than practical use.

No Staking or Governance: Unlike utility tokens, Pepe Coin isn’t for staking or governance. It’s more for trading and meme fun.

Potential Risk of Investing In Pepe Coins

Investment in Pepe Coin or meme coins, generally, like any other coins in the market, comes with some huge risks.

High price volatility: Meme coin prices highly swing, and hence there is never a predicted price touch.

No underlying value: Unlike traditional assets, meme coins essentially lack a fundamental value as they are dominated mostly by speculation as well as the sentiment of the community.

The risk of regulations: The regulations governing cryptocurrencies, including meme coins, are still evolving. Changes in regulations could adversely affect your investment’s value.

Market Manipulation: The market for cryptocurrencies is also typically vulnerable to manipulation by large investors or organized groups in cases like the meme coin.

Risks from cybersecurity: All cryptocurrencies, especially meme coins, are susceptible to hacking attacks and scams. It’s important to use secure wallets and exchanges.

Dump of the project: In certain situations, developers of meme coins abandon projects, essentially leaving investors holding worthless tokens.

How to Buy Pepe Coin?

While buying this, investors can choose any cryptocurrency exchange according to their preferences. Here is the general guide: 

1. Select a Crypto Exchange

Choose a cryptocurrency exchange that allows for trading Pepe Coin. Some popular options are Binance or decentralized exchanges like Uniswap.

2. Create and Verify Your Account

Register on the platform you select from above and engage in the required steps, ensuring verification of identity to trade.

3. Deposit Funds

Add funds to your account in fiat currency (like USD), or to trade, you might go for a compatible cryptocurrency such as Ethereum (ETH) or Binance Coin (BNB).

4. Purchase or Swap for Pepe Coin

On a centralized exchange, directly buy Pepe Coin. On a DEX, swap ETH or BNB for Pepe by searching for Pepe Coin’s official token address to avoid fake tokens.

5. Transfer to a Wallet (Optional)

For added security, consider moving your meme coin to a personal wallet, such as MetaMask or Trust Wallet, especially if holding long-term.

6. Monitor Your Portfolio

Track Pepe Coin’s market trends and price, and also track your crypto portfolio using CryptoReach.io, as it’s highly volatile and can fluctuate based on social media influence and market hype. 

Pepe Coin Price Prediction And Future Outlook

The Pepe meme coin gained popularity ever since it came into circulation. However, according to members of the community who have influenced its rise and existence, making predictions about the wild and ever-changing cryptocurrency market is nearly impossible.

The long-term success of this coin is fuelling down to community hype and support, market trends, and overall sentiment towards meme coins. The crypto market sees rapid price fluctuations, and particular meme coins are extremely volatile. It is safe to say, however, that all possible risks attached to it should be worth weighing.

Table of Comparison: Pepe Coin vs. Other Meme Coins

Conclusion

To summarize, Pepe Coin represents another enthralling chapter in the growing world of meme cryptocurrencies inspired by the humorous Pepe Frog meme, known much for similar causes just like Dogecoin and Shiba Inu. As meme coins go, Pepe started off as a joke but immediately drew the bigger attention of the crypto space after launching.

Yet, like all other meme coins, it’s quite risky, just with another layer. The value of this one depends on social media hype and community sentiment rather than any technology or real-world application it stands for. This suggests that we can see scary volatility going for this coin; it can swing in major disproportion.

Whenever you dare into meme coins, take caution and invest only what you can afford to lose. Meme coins are so volatile, and, because of that, they shouldn’t be counted on for long-term investment planning. Moreover, its future depends on community support and social media presence. Quite simply, time will tell whether the coin will stand and be a major cryptocurrency or fade away like many others. 

Sign Up for CryptoReach and Get Started with the Best Crypto News & Analysis App

Gain the insight and knowledge you need to make smart portfolio decisions in the face of a chaotic crypto market—anywhere, anytime, thanks to our availability on iOS and Android on mobile.

FAQs 

Q1. Does Pepe Coin have the potential to reach $1?

It is very unlikely to ever become worth $1 any time soon. It has grown while in such a market value and price variations; therefore, such a hike seems improbable.

Q2. Is Pepe Coin risky?

Definitely, investing in this coin is a high-risk investment, with fast expansion and extreme volatility in price with an equal potential to go down; thus, it is advised that the meme coins must be approached cautiously.

Q3. Is Pepe Coin Worth Buying?

It all comes down to your risk appetite and investment objectives: if you think that you can handle extreme risk and loss, then go for it, or you should try investing a small amount. Nevertheless, before making your investment, research as much as you can and consult your financial advisor.