It’s not a bird, it’s not a plane, it’s PEPE COIN, and here’s how to buy this historic meme coin in 2023! Pepe Coin, inspired by the widely known internet character Pepe the Frog, embodies a playful and community-centric crypto coiny. It is designed for applications such as tipping, gaming, and charitable endeavors.
Pepe Coin boasts a total token supply of 420.69 quadrillion, with 395.69 quadrillion currently in circulation. Here’s a quick guide to get you started with what Pepe Coin really is. So if you’ve ever asked “What platform can I buy Pepe?”, or “Is Pepe a good crypto investment?”, or even “Will Pepe Coin ever reach $1?”, here’s all you need to know about the Pepe ecosystem in 2023!
What is Pepe Coin?
Pepe Coin (PEPE) has surged as a prominent meme token in 2023, injecting vitality into crypto markets that previously traded sideways. Inspired by the iconic ‘Pepe the Frog’ meme, Pepe Coin, despite lacking utility, gained rapid traction since its April 2023 launch. Within two weeks, it reached a market cap exceeding $1 billion. This then surpasses $5 billion by May, ranking among the top 20 tokens globally.
With a current market cap over $600 million, Pepe Coin aims to challenge established meme tokens like Shiba Inu (SHIB) and Dogecoin (DOGE). Acknowledging its lack of intrinsic value, Pepe Coin’s appeal lies in its entertainment factor, as explicitly stated on its website. While trailing behind top meme coins in market cap, Pepe Coin’s ascent signals its potential to disrupt and compete in the dynamic cryptocurrency landscape.
Pepe Coin Price History
In a departure from typical meme cryptocurrency launches, $PEPE took a unique route by skipping the initial exchange offering (ICO) and directly listing on cryptocurrency exchanges on April 17th, 2023, with an initial price of approximately $0.000000001 per token. This unorthodox approach proved impactful, as $PEPE quickly surged to an all-time high (ATH) of $0.00000431 on May 5th, 2023. This represented an astounding 430,000% increase since its launch. Subsequently, the token experienced a correction, trading at around $0.00000126 by May 12th and maintaining a sideways trajectory in the following months.
However, $PEPE exhibited renewed bullish momentum at the close of June, with its price rising from $0.00000095 on June 20th to a live price of $0.00000150, marking a 65.5% surge in the last 30 days.
Reflecting on its all-time high, $PEPE reached $0.00000431 on May 5th, 2023, and the cryptocurrency continues to display resilience and responsiveness to market shifts.
As of the time of writing (October 2023), Pepe (PEPE) is valued at $0.0000006699
with a market cap of $300,674,931. Moreover it currently hovers around position #114 as a crypto coin in terms of total market cap.
What Causes the Price of Pepe Coin to Go Up?
X (formerly Twitter):
In case you’ve been living under a rock, memes are also a currency now. Crypto Twitter plays a pivotal role in influencing the price of Pepe Coin. The platform, known for its rapid dissemination of information and trends, becomes a breeding ground for discussions about memecoins momentum.
Influencers, analysts, and enthusiasts share insights, price predictions, and endorsements, creating a sense of urgency among potential investors. The power of social validation and herd mentality on Crypto Twitter can lead to increased demand for Pepe Coin, subsequently driving its price upwards. This dynamic interaction amplifies market sentiment and contributes to the coin’s overall visibility and attractiveness.
Like its meme coin predecessors, $PEPE gained rapid popularity and remarkable returns shortly after its launch. Despite the limited utility of meme tokens, their virality and marketing prowess contribute to substantial profits. Following the trend of tokens like Dogecoin, Pepe Coin’s name, inspired by a familiar meme, adds a memorable touch.
The onset of FOMO (Fear of Missing Out) has always triggered a surge in investor interest as the price skyrocketed, experiencing a remarkable 400,000% increase within just a few weeks of its release. This phenomenon illustrates the significant impact FOMO can have on the success of meme-based cryptocurrencies.
Is Pepe Coin a Good Investment?
Considering the current state of Pepe Coin (PEPE) and its potential as an investment, there are compelling reasons for investors to explore this meme cryptocurrency.
Future Price Jumps: Despite its fluctuations in the last 30 days, $PEPE is currently trading at around $0.000000673962, more than -83.95%below its all-time high (as of October 2023). This lower price presents an attractive entry point for investors. Especially those with a higher risk tolerance seeking potential explosive growth in their portfolios. The recent price increase might signify a revival after months of sideways movement. This makes $PEPE a candidate for future price jumps.
Absence Of Taxes: In addition to its favorable pricing, $PEPE boasts deflationary tokenomics and a unique feature of no buy or sell tax. As an ERC-20 token on the Ethereum blockchain, $PEPE sees a small percentage of coins burned per transaction. This reduces the overall token supply over time. The absence of buying or selling taxes distinguishes it from other projects, attracting investors looking to avoid additional transaction fees. This deflationary mechanism, coupled with the absence of extra charges, positions $PEPE as a potential long-term asset with increased scarcity that could drive its value higher.
Cultural Significance: Moreover, Pepe Coin serves as a cultural icon in the crypto industry as a meme coin, and its availability on various exchanges, including KuCoin, Huobi Global, OKX, and Binance, enhances its accessibility and potential profitability. The wide exchange presence increases trading volume, making $PEPE a more liquid and globally recognized investment opportunity.
Nevertheless, investors are advised to conduct thorough research and be aware of the associated risks before considering any investment in meme tokens like $PEPE.
It’s very simple and straightforward to buy Pepe Coin on various marketplaces. Below we will take a look at the few avenues and steps you may take to invest in Pepe Coin!
Step 1: Choose Your Exchange Begin by selecting a cryptocurrency exchange to purchase $PEPE. Notable platforms include Binance, OKX, Huobi Global, and KuCoin. Evaluate your preferences and needs to decide on the ideal exchange. For this guide, we’ll demonstrate using the OKX exchange.
Step 2: Register a New Account Visit the OKX exchange website, click ‘Sign Up,’ and provide basic details, such as your email and full name. No intricate KYC (Know Your Customer) process is required initially. Verify your account by clicking the link sent to your email.
Step 3: Acquire USDT On the OKX exchange, buy Tether (USDT) using over 90 payment options. These include fiat methods like VISA, MasterCard, and other cryptocurrencies. USDT can later be exchanged for $PEPE within your account.
Step 4: Locate Pepe Coin Upon account creation, explore the home screen to find a list of available cryptocurrencies. Navigate to the ‘meme tokens’ tab and click on ‘PEPE’ to access the token’s trading chart.
Step 5: Purchase $PEPE In the trading charts section, observe the latest price trends. Below, input the desired quantity of PEPE tokens in exchange for your USDT holdings. Confirm the transaction by clicking ‘Buy PEPE.’
Is Pepe on Uniswap?
The short answer is yes, Pepe is available on Uniswap. The trading pair Pepe-Ether is represented by the symbol PEPE-ETH on the Uniswap v2 exchange within the Ethereum blockchain. In May 2023, the PEPE meme coin experienced significant attention on the decentralized Uniswap exchange.
Is Pepe on Kraken?
Pepe Coin (PEPE) is now available for funding and trading on Kraken. The token is tradeable on both Kraken and Kraken Pro through spot markets, with certain restrictions—currently, it is not available for trading in Canada and the United States. For those with existing PEPE holdings and a Kraken account, trading can be initiated directly.
Can You Buy Pepe on MetaMask?
Yes, you can effortlessly buy Pepe Coin (PEPE) to your MetaMask Wallet, utilizing it as a secure storage and transaction platform for this ERC-20 token on the Ethereum network. Simply add PEPE tokens through platforms like CoinGecko and Uniswap. Be mindful of fluctuating gas fees and liquidity provider fees during transactions, ensuring you verify the Pepe Coin contract address and consider current Ethereum network conditions and fees beforehand.
Here’s a quick guide on how you can buy PEPE on Metamask and Uniswap V3:
- Install MetaMask: Download and set up MetaMask for Ethereum transactions.
- Fund Wallet: Transfer Ethereum (ETH) to your MetaMask wallet.
- Visit Uniswap: Go to Uniswap and connect MetaMask.
- Select Tokens: Choose ‘ETH’ and ‘PEPE’ or add Pepe Coin using its contract address.
- Swap: Input amounts and click ‘Swap,’ then ‘Confirm Swap.’
- Confirm Transaction: Review gas fees and click ‘Confirm.’
- Wait for Confirmation: Once confirmed, PEPE tokens will be in your MetaMask wallet.
Verify the Pepe Coin contract address and consider gas fees during transactions.
How to Buy Pepe Coin on Coinbase
Pepe isn’t hanging out on regular ol’ Coinbase, but no worries – you can still snag it on the Coinbase Wallet. So, here’s the lowdown on how to get some Pepe with your Coinbase wallet.
- Download Coinbase Wallet: Obtain a self-custody wallet by downloading Coinbase Wallet, available as a mobile app or browser extension.
- Choose a Username: During setup, select a username for your Coinbase Wallet, facilitating easy crypto transfers from other users.
- Secure Your Recovery Phrase: Safeguard the recovery phrase consisting of 12 random words provided during wallet creation. Store it securely, either by writing it down on paper or using Coinbase Wallet’s cloud backup feature.
- Ethereum Network Fees: Familiarize yourself with Ethereum network fees, which vary based on network activity, transaction complexity, and speed preferences.
- Buy and Transfer ETH to Coinbase Wallet: If you don’t have a Coinbase account, create one to purchase Ethereum (ETH). Transfer ETH to Coinbase Wallet following specific instructions based on the mobile app or Chrome extension usage.
- Use ETH to Buy Pepe: Once ETH is added to Coinbase Wallet, swap it for Pepe within the app or extension. Navigate to the “Swap” icon, select Pepe as the asset, input the desired ETH amount, and confirm the purchase, considering transaction fees.
Note: You can only trade for Pepe using ETH in your Coinbase Wallet. For those without ETH in their account, the option to buy ETH on Coinbase is available.
- Buying with Cash: Currently, Pepe trading on Coinbase Wallet is facilitated through ETH. If you lack ETH in your Coinbase Wallet, the system prompts you to buy ETH on your Coinbase account.
- Using PayPal: While US customers can buy Pepe or add US dollars using PayPal, other customers can only use PayPal for cashing out or selling, with transaction availability depending on the region.</li>
How to Buy Pepe Coin on Trust Wallet
- Open A Trust Wallet Account: Kick things off by creating a Trust Wallet account and ensuring you have some funds ready.
- Access the Marketplace: Once your funds are good to go, head over to the Marketplace within Trust Wallet to purchase Pepe (PEPE).
- Search for Pepe (PEPE): Simply search for Pepe (PEPE), and the coin should pop up on the screen.
- Minimum Investment: Be aware that a minimum of $30 USD is required to buy Pepe (PEPE).
- Enter Desired Amount: Select the amount of Pepe (PEPE) coins you want, click “Next,” and then follow the last instructions to finalize the transaction.
All investment/financial opinions expressed by NFTevening.com are not recommendations.
This article is educational material.
As always, make your own research prior to making any kind of investment.