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Originally, the term ‘Pepe’ was associated with a popular internet meme frog character, which is usually called Pepe the Frog. The popular Internet joke known as Pepe has stirred up the digital currency market. After the Pepe was introduced, one investment increased the coin’s value by nearly 250% in just one day, turning $250 into $1.14 million in just four days.
What is Pepe?
Pepe is a new meme coin that features the popular Pepe the Melancholy Frog. Pepe capitalizes on the fascination of meme culture; this cryptocurrency blends the decentralized blockchain architecture with the “Pepe the Frog” meme’s widespread appeal. Pepe is based on the famous Pepe the Frog meme and was created by Matt Furie, using the power of the internet to provide a unique and fun digital currency.
Pepe: Metric Data
• PEPE/USD Current Price: $0.000001746
• PEPE/USD Market Cap: $684,506,670
• PEPE/USD Circulating Supply: 391,790,000,000,000 PEPE
• PEPE/USD Total Supply: 420,690,000,000,000
• PEPE/USD Volume (24 hours): 326,161,284
• PEPE/USD CoinMarketCap Ranking: #63
The Benefit of Holding PEPE/USD
Pepe has significantly impacted the meme economy, demonstrating how viral memes can transform into valuable digital assets with active communities. It further emphasizes the expanding influence of memes on the Internet and the economy. Symbolizing the cultural importance of memes, Pepe embodies the essence of the internet and showcases the versatility of digital expressions. Inspired by Dogecoin’s success in 2020, Pepe presents potential growth and investment opportunities. Investors and crypto enthusiasts should keep an eye on Pepe as it evolves in the dynamic cryptocurrency market.
The main use cases and applications of Pepe are what give it value and function inside its ecosystem. By design, PEPEUSD can be utilized for various purposes that enhance the user experience and drive engagement within the ecosystem. One of its key applications is facilitating transactions for digital items, allowing users to purchase and trade unique digital assets, collectibles, or virtual goods. This can encompass a wide range of items, such as digital art, in-game items, or exclusive content.
Furthermore, PEPEUSD may empower its community members by enabling them to participate in governance processes. This can involve voting on important decisions, shaping community policies, or contributing to the development roadmap of the ecosystem. By giving users a voice and involving them in decision-making, Pepe promotes a sense of ownership and fosters a vibrant and inclusive community.
PEPE/USD Price Analysis (4-Hour Chart)
After a very impressive bullish performance of PEPEUSD in the second half of June, the market settled on a higher price level of $0.000001507. The price has consolidated around this level since late June. The long-term consolidation seems to be strengthening the new higher price level as a support for more high-price conquest.
Considering the long-term indecision among traders, there is a build-up in the market for movement in a clear direction, and this is likely to be in a bullish direction. This is because the market has repeatedly tested the $0.0000018 price zone.
The Bollinger Bands indicator shows explosive volatility with its diverging bands, and because traders are more bullishly biased than bearishly biased, the upper band and the moving average have stronger upward movement than the lower band, which is moving in a downward direction.
Where Can You Buy PEPEUSD?
The PEPEUSD is available on some of the popular platforms, which are KuCoin, Binance, Bybit, MEXC, Kraken, Coinex, and OKX, but on the Coinbase platform, it is only available through the Coinbase wallet.
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