PEPE Coin is the latest hit among meme-coins

PEPE Coin is one of the most popular meme coins today. The team's ambitious goal of moving "dog" coins like Dogecoin off the pedestal has not been achieved yet, but the growth in popularity and trading volumes are still impressive. So, there was a noticeable addition to the range of coins that have no practical value but are still actively traded.

General Information

PEPE Coin is a relatively new cryptocurrency that entered the market at the end of April 2023. The sole purpose of its creation, according to a statement from the anonymous development team, is to replace "dog" meme coins on the market, such as Dogecoin and Shiba Inu, with "frog" ones. There is no practical use for the coin, and the developers never intended such use.

In fact, the entire value of PEPE Coin comes down to three things:

• It is, after all, a cryptocurrency with fast and relatively cheap transactions and all the benefits of digital currencies.
• The social media hype continues to be sustained.
• The PEPE Coin logo is the already legendary Pepe the Frog face.

By the way, Matt Fury — the creator of Pepe the Frog, who drew it back in 2005, denies any involvement in the creation of the PEPE Coin (and the official website of the coin even contains a disclaimer confirming this). Likewise, Fury had nothing to do with the PepeCash coin released in 2016 — the artist's creation has a life of its own.

Technically advanced meme-coin

Unlike most meme-coins, PEPE Coin is not a token moulded on your knee in a couple of hours. It is pretty obvious that its developers, despite all the jokes, paid serious attention to the technical aspects of their creation.

The token is issued on the Ethereum blockchain after it transitions to the Proof-of-Stake (PoS) consensus algorithm, which provides faster and cheaper transaction processing and eliminates the need for expensive mining equipment.

PEPE Coin has a range of technical solutions to protect investors' interests. The PEPE Coin network implements mechanisms to incentivise user activity and coin scarcity.

With each transaction, a part of tokens from the liquidity pool (more than 90% of tokens are blocked there) is distributed among the network participants, and a part is burned. Thus, on the one hand, users are interested in using PEPE Coin as actively as possible; on the other hand, each transaction increases the deficit of tokens.

And, of course, PEPE Coin has a mechanism of user participation in managing the development of the network through voting. But this is already a standard for the crypto industry these days.

PEPE Coin

PEPE is the cryptocurrency of the PEPE Coin network, which users use to pay each other, pay commissions and reward validators.

PEPE issuance is strictly limited to 420,690,000,000 coins.93.1% of them are blocked in the liquidity pool and put into circulation through payment of rewards to validators, 6.9% are stored in a multi-signature wallet for use in emergencies.

As of today (six months after going public), PEPE Coin's exchange rate is more than a thousand per cent higher than it was on the first day of trading. However, today's performance is infinitely far from the peak reached in early May 2023. Back then, PEPE was worth around $0.000003375; now it's about $0.000001190.

Overall, however, PEPE's market history sets this coin apart from most meme coins. It not only managed to survive the drop after the first dump and start growing again but also confidently holds in the top 100 crypto assets by capitalisation for half a year now.

However, there is no doubt that PEPE has no chance of even approaching the big "dog" meme coins. At least not in the near future.

Perspectives of PEPE Coin

Making any forecasts about the future of any meme-coin, including PEPE Coin, is a very thankless task.

On the one hand, the token's value is based not just on "word of honour" but on public interest and social media hype. It has no fundamental value on which the asset can rely.

On the other hand, PEPE Coin turned out to be more resilient than the vast majority of crypto-assets and has been afloat for six months, which is not bad by the standards of the cryptocurrency market. Especially when combined with a thousand per cent growth at the end of these six months.

On the other hand, nothing similar to the user base and almost cult status of Dogecoin "frog" currency could not form. And Elon Musk is not fuelling interest in it. So, the future of PEPE Coin is still vague.

The correct way would be to say that PEPE Coin is an exciting asset with investment potential, but it is extremely risky.