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Pepe Coin gained significant popularity during the recent meme coin season, becoming a hit. Its value skyrocketed by over 6,500% in early May, surpassing even Shiba Inu and Dogecoin in trading volume.
Building on this success, a new iteration named Pepe 2.0 was introduced, aiming to capitalize on the momentum generated by its predecessor.
Defining New PepeCoin Version – Pepe 2.0
Pepe 2.0 retains the iconic meme character, Pepe the Frog, but introduces a new orange hue that sets it apart from the original PepeCoin.
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What makes Pepe 2.0 particularly intriguing is the opportunity it presents for traders who missed the original PepeCoin rush.
As a result, Pepe 2.0 is offering these traders a chance at redemption or revenge, allowing them to participate in the meme coin frenzy from which they were previously excluded.
Pepe 2.0 officially launched on June 27, setting its sights on a remarkable goal – reaching a market cap of $1 billion, just like the original PepeCoin.
To facilitate trading, Pepe 2.0 is currently available on several centralized exchanges, including Bitrue, LBank, Bitget, Bybit, and BitMart. The availability of the coin on these platforms enhances accessibility for investors interested in acquiring Pepe 2.0 tokens.
Another interesting aspect of Pepe 2.0 is that its creators have renounced ownership over the token’s contract.
By surrendering control, the project has placed itself firmly in the hands of the community. This move strengthens community involvement and significantly reduces the risk of a rug pull, a scenario where developers exit with investors’ funds.
This aspect adds a layer of trust and transparency to the Pepe 2.0 project, attracting investors who value community-driven initiatives.
Pepe 2.0 Price Performance Today
Pepe 2.0 has displayed remarkable resilience in its price performance since its launch in June. The token experienced a surge of approximately 2,300% shortly after its introduction.
However, according to the chart on Tradingview, Pepe 2.0 began trading at around $0.00000005 and reached a high of approximately $0.00000026000 on July 6, showcasing significant price appreciation.
More so, CoinMarketCap data reveals that Pepe 2.0 has demonstrated a notable increase in value over the past 24 hours, rising by 25.53%.
The token currently boasts a market cap of $68,622,308, with a trading volume of nearly $114 million.
This trading volume has witnessed a substantial increase of approximately 105% over the past day, indicating heightened market activity and investor engagement.
Based on the platform’s data, yesterday’s performance highlights a significant price surge for Pepe 2.0, with an impressive 83.07% increase in value.
The token’s trading volume reached $136,678,823, showcasing robust trading activity. Throughout the day, Pepe 2.0 moved from a low of $0.00000008286 to a high of $0.0000002082, illustrating substantial price volatility.
Currently, Pepe 2.0 is trading at $0.0000001422, which shows ongoing market activity and potential for further price fluctuations.
Short-Term Price Trajectory Of Pepe 2.0
When analyzing the short-term trajectory of Pepe 2.0 based on the 5-minute chart, specific indicators suggest a potential dip in price.
The Moving Average Convergence Divergence (MACD) line appears to be positioned below the signal line, leading to more red bars than green ones on the histogram.
This configuration indicates bearish momentum and suggests a potential downward trend in the token’s price.
The Relative Strength Index (RSI) is below the neutral mark of 50, specifically at 46.94. This reading implies that selling pressure may outweigh buying pressure in the short term.
Despite these indicators, it is worth noting that Pepe 2.0 is currently trading above the 50-day Moving Average.
However, given the bearish signals from the MACD and RSI, the support from the Moving Average may have limited influence on the short-term trajectory.
Also, considering this is a 5-minute price chart, investors and traders must acknowledge that the short-term movements in the token market can be highly volatile and subject to rapid changes.
On that note, they should exercise caution and consider additional factors and longer timeframes before making any trading decisions related to Pepe 2.0 or any other digital asset.
Pepe 2.0 Tokenomics
Pepe 2.0 operates with a total token supply of 420,690,000,000,000 tokens; the entire supply is already in circulation. This extensive token supply reflects a significant presence within the market and suggests potential liquidity for traders and investors.
At the current token price of $0.0000001422, Pepe 2.0 boasts a market capitalization of $57,085,832, showcasing the project’s overall value. A notable aspect of Pepe 2.0’s tokenomics is the transaction tax. Every transaction conducted with Pepe 2.0 incurs a 1% tax.
The revenue generated from this tax is strategically allocated to support various aspects of the project. A portion of the tax revenue is dedicated to community development and marketing, allowing the project to grow and expand its reach.
The tax revenue is also utilized to support liquidity pools for Pepe 2.0 trading, ensuring a healthy trading environment and sufficient liquidity for token holders.
This tax mechanism plays a crucial role in the sustainability of Pepe 2.0 over the long run. Pepe 2.0 aims to foster growth, enhance adoption, and maintain an active and engaged community by allocating funds toward community development and marketing.
Moreover, supporting liquidity pools helps to ensure efficient trading and improves overall market stability.
Pepe staking activities
It is important to note that Pepe 2.0 currently does not support staking activities. On that note, token holders cannot participate in staking to earn additional rewards or benefits.
Furthermore, the project cannot issue new coins, meaning the existing token supply is fixed. Moreover, Pepe 2.0 has no built-in mechanism to burn or reduce the number of tokens in circulation.
Understanding these tokenomics is crucial for investors and community members as it provides insights into the token’s supply, market capitalization, transaction tax, and key features.
Thug Life – A Pepe 2.0 Alternative
The Thug Life Token is a meme cryptocurrency project that aims to compensate crypto enthusiasts who have experienced scams and deception in their digital currency endeavors.
It positions itself as a movement that unites individuals with a love for internet hustle, comedy, and resilience to online trolls.
The project introduces a token called $THUG, which symbolizes the values of the brotherhood, humor, and limitless love associated with the street culture.
Thug Life Token’s unique selling point lies in its claim to be a crypto market gangster, going beyond traditional norms and appreciating individuals who align with its unconventional approach to the crypto space.
Regarding its vision, the project ensures that every participant benefits from the crypto market through the $THUG token. With an energetic and determined community, Thug Life Token aims to overcome any obstacles and achieve significant milestones.
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