PEPE Coin Gains 10% While yPredict Is Close To Presale Target

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PEPE runs on the Ethereum network and it is deflationary. In the early 2000s, Matt Furie created the iconic internet meme Pepe the Frog, which gained worldwide popularity.

By leveraging the success of meme coins like Shiba Inu and Dogecoin, the project aims to become one of the top meme cryptocurrencies. A no-tax policy, long-term staker rewards, and a burning mechanism keep PEPE coins scarce, making them appealing to cryptocurrency enthusiasts.

From late April to May 2023, PEPE’s market cap reached an impressive $1.6 billion at one point. A dedicated community of like-minded supporters grew out of this, resulting in significant wealth generation.

PEPE’s rise sparked what some call a “memecoin season,” which led to price increases and subsequent declines for other memecoins. PEPE and other memecoins’ future performance is uncertain, but many holders are hopeful.

PEPE: Honoring Pepe the Frog with Unique Features

PEPE is a meme coin that pays homage to Pepe the Frog, a character with a controversial past. PEPE stands out from other cryptocurrencies because of its dedication.

PEPE’s redistribution system also rewards users who hold tokens for a long time. Offering incentives to token holders, encourages long-term staking.

Another unique feature of PEPE is its burning mechanism. To make the token more valuable, it keeps scarcity in the market. In addition, PEPE has a no-tax policy, which means no transaction fees.

With this feature, the token can reach a wider audience and be more widely adopted.

PEPE: Rewarding Long-Term Stakers and Ensuring Scarcity

PEPE uses a redistribution system that incentivizes users to hold on to tokens for a long time. Long-term stakeholder rewards promote stability and keep users committed to the project.

PEPE uses a burning mechanism to maintain scarcity despite its maximum supply of 420,690,000,000,000 coins. Regularly take some coins out of circulation. Over time, this strategy helps preserve the token’s value.

On Uniswap, 93.1% of the maximum supply was sent to the liquidity pool, where LP tokens were burned, and the deployer contract went to an invalid address. 6.9% is held in a multisig wallet for CEX listings, bridges, and liquidity pools. The PEPE/WETH pair can also be tracked on CMC DexScan under the ENS name “pepecexwallet.eth.”

Pepe Coin: Recent Performance and Future Potential

Pepe Coin’s price has increased by 5.23% in the last 24 hours. Over the past week, it’s gained 12.61%. The trading volume for Pepe Coin is around $271 million.

Here is our guide to investing in the best meme coin.

Pepe Coin’s value has increased by 22.89% in the last month. Despite being 61.8% below its all-time high of $0.00000431 in early May, the recent gains show the token’s momentum is still strong. It’s solidified its position as a meme and is expected to gain popularity.

Pepe Coin’s on-chain data shows whales are accumulating the coin, indicating a surge is coming.

Over the past 24 hours, Pepe has gained around 6% and will soon reach 10%. Pepe Coin’s overall chart is still positive. Recent changes in the relative strength index (RSI) indicate an increase in momentum.

PEPE Coin Gains 10% While yPredict Is Close To Presale Target — Source: Tradingview Daily Chart

In addition, the 30-day moving average is still higher than the 200-day average, so there’s still buying pressure.

Over the past week, Pepe Coin’s support level has increased, so any further decline should be limited, and it’s well-positioned to start rising again.

Market sentiment is good, making Pepe Coin a good investment. Pepe Coin is, therefore, a good buy at the moment.

Whales can affect price movements, but their predictions aren’t always right. Pepe Coin has a good chance of seeing further gains in the near future if whales keep buying large amounts.

With its current price of $0.000001677, it could reach $0.0000025 within a few weeks and see more gains in the coming months.

$PEPE crypto is a good investment, he says. He recommends watching the video for a comprehensive overview.

Statistics Data:

Price – $0.000001677
Market cap – $657 Million
Circulating supply – $ 391,790,000,000,000 PEPE
Total supply – $ 420,690,000,000,000 PEPE
Coinmarketcap ranking – 64

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Newest Meme Coin ICO - Wall Street Pepe

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