What is pepe coin? Is pepecoin an altcoin?

Pepe Coin is a cryptocurrency on the Ethereum blockchain, also known as an “altcoin” after the meme Pepe the Frog. Features of this altcoin, which mimics the concept of Bitcoin, include being based on Ethereum, featuring Pepe the Frog as its logo, a maximum supply of 100,000,000 coins, and limited uses. Despite the attention generated by hype and far-right associations, its price volatility, lack of underlying value, and potential legal risks make investing in Pepe Coin warrant caution.

What is Pepe Coin?

Pepe Coin is a cryptocurrency based on the Ethereum blockchain, named after the popular internet meme Pepe the Frog.

Is Pepe Coin an altcoin?

Yes, Pepe Coin is an altcoin. Altcoins are cryptocurrencies created to imitate the concepts and technology of Bitcoin or other major cryptocurrencies. They are often unoriginal and often rely on imitation and hype rather than technological innovation to attract investors.

Pepe Coin Features:

• Name and Logo: Inspired by the Pepe the Frog meme.
• Based on Ethereum: Uses the Ethereum blockchain and follows the ERC-20 token standard.
• Maximum supply: 100,000,000 PEPECOIN.
• Limited use: Mainly used for trading and speculation, with no clear practical use.

Pepe Coin Hype and Controversy:

• Pepe Coin has gained attention and hype due to its association with memes.
• However, it has also been criticized for its lack of fundamental value and association with far-right views.
• Some exchanges have delisted Pepe Coin because it is considered a toxic asset.

Risks of investing in Pepe Coin:

• High Price Volatility: Altcoins typically have high price volatility, which can lead to significant losses.
• Lack of Fundamental Value: Pepe Coin has no clear purpose or underlying technology to support its value.
• Legal and Regulatory Risks: Pepe Coin’s association with far-right views may raise legal and regulatory issues.

Conclusion:

Pepe Coin is a meme-based cryptocurrency that is a form of altcoin. It gains attention due to hype, but lacks fundamental value, faces risks from price volatility, and may raise legal and regulatory issues. The risks should be carefully considered and thoroughly researched before investing in Pepe Coin.

Pepe Latest Price Trend

As of 15:00 on 07 August 2024, the price of Pepe (PEPE) is $0.000000080555345567836 USD, with a 24-hour trading volume of $1.162 Billion.

Recent Changes

The price of Pepe fell by 0.45% in the last 24 hours.

Factors leading to price changes

Factors affecting Pepe price changes may include:

• Market sentiment
• Regulatory updates
• Technological advancements

Future price trends

Given the current market conditions, Pepe The future price trend is difficult to predict. However, the currency is still in its early stages and is expected to still have growth potential in the future.

It is recommended that

investors should conduct their own research and exercise caution as the cryptocurrency market is highly volatile and carries risks.

Short Term Trend Forecast

Pepe is expected to be volatile in the short term as the market prices in a breakout before validating it.

Indicator

• Current price: 0.000000080555345567836 USD
• 24 hour trading volume: 1.162 billion USD
• Circulating supply: 420690000000000
• Maximum supply: 420690 000000000
• Total supply: 420690000000000
• Circulation market value: 33.88 billion US dollars

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