PEPE is an interesting meme coin that has started to make waves and attract more attention. Pepe coin has increased in popularity lately, and now, it has the support of a strong community that is always there to help this project reach new heights. The titans from the meme coin landscape are Dogecoin (DOGE) and Shiba Inu (SHIB). However, Pepe Coin follows them closely, and it can take a significant place on the stage with the two of them.
Many factors have driven the current surge in Pepe coin's popularity, and among the most important ones are social media presence and market activity. This popularity can positively impact the Pepecoin price and make more investors want to add this digital coin to their portfolios.
In this article, we will explore more about Pepe's current popularity and the driving forces behind it.
Social media growth
Pepe has risen tremendously in popularity thanks to social media. There are many individuals interested in this meme coin who unite their forces on platforms like TikTok, Twitter, and Reddit and gather there to help this crypto project grow more than ever. With the help of meme sharing and talking about this project, the popularity of Pepe can soar and attract new members to take part in the Pepe coin community.
Plus, the social media community shares the same values, and they believe in the evolution of the Pepe coin, which is why they offer their support to help Pepe reach new heights. The posts about the Pepe coin made by the community of this digital coin can foster more hype around this digital coin and make this digital asset soar.
PEPE has a high chance of increasing its value in the future
As Pepe benefits from great popularity within its community, this can create more hype. In the long run, this hype can also make the prices soar and make PEPE a leader on the meme coin podium. If it knows how to take advantage of this popularity, then Pepe can surely become a cryptocurrency known worldwide.
However, meme coins should also look for the best ways to maintain long-term success and increase their utility so that they can also be considered long-term investments.
What are the features that make the Pepe coin stand out?
Many reasons make the Pepe coin stand out. PEPE was inspired by Pepe the Frog, a character who inspired plenty of funny memes that circulated on the internet. To take advantage of its popularity, Pepe was developed as an ERC-20 token on the Ethereum platform.
Meme coins leverage the funny appeal of memes. Because of this, they are not characterized by bringing innovative technologies into the world but more as trying to represent easier alternatives to invest in compared with the other titans from the crypto space, like Bitcoin and Ethereum.
This is why Pepe Coin doesn't really have a roadmap or a formal team. It was launched with the goal of bringing Pepe memes to the blockchain as well. Even though it didn't benefit from that much utility, Pepe coin increased in popularity a lot, and it ranked among the most important cryptocurrencies only two weeks after its launch.
The meme coin landscape is full of dog-themed meme coins, but Pepe wanted to bring something else to the game, and it managed to do this by representing a meme coin whose main character is a frog. Pepe coin has a deflationary mechanism, meaning that this digital coin burns a small percentage of coins when a transaction is completed. With the help of this approach, Pepe coin brings more scarcity to the game, and it can help its token maintain a high value and make individuals more interested in adding this digital coin to their portfolio.
In addition, Pepe coin benefits from a redistribution system in which the existing holders receive a small portion of each transaction. This approach ensures constant user engagement, and individuals might consider this process a long-term investment.
How did the Pepe coin make its first steps into the world?
For the majority of projects to get launched, they use either an Initial Coin Offering (ICO) or airdrops, where the crypto project offers free tokens. However, Pepe coin didn't need either of these alternatives, as its hype was dependent directly on the popularity of the meme coin Pepe the Frog. Matt Furie is the creator of Pepe the Frog, but that doesn't mean that he is also the creator of the Pepe coin. The identity of the creator of the Pepe coin remains unknown, and the only thing we know about the origins of the Pepe coin is that it was launched in the middle of April 2023.
What can Pepe Coin experience in the future?
Pepe coin has the chance for a bright future, especially if it continues on the same path. In the future, Pepe could increase its value even more and experience a rise in the number of users who hold Pepe coins. Other than this, Pepe can benefit from a higher daily trading volume and increase the number of followers on social media platforms. This will happen, particularly in a bullish outcome.
However, we must keep in mind that Pepe is a meme coin, which means that it isn't characterized by many tech innovations, which brings even more volatility to the game. This makes some investors stay away from Pepe, as they fear that this meme coin will not be able to sustain its intrinsic values for too long.
Pepe Coin is a successful crypto project that proves that small ideas can succeed and become some of the most popular crypto projects worldwide. With all its innovative features, this digital coin stands next to Dogecoin and Shiba Inu. It can benefit from stronger community support, which can attract even more hype for this digital coin.
Image source: https://unsplash.com/photos/a-neon-green-pepe-the-frog-sign-662VtQciZtU
