One of the most popular meme cryptocurrencies in 2023 is Pepe Coin (PEPE). The token’s market cap increased to nearly $1 billion in just two weeks after its April launch.
We’ll demonstrate to investors how to purchase the well-known meme coin in our article on how to buy pepe meme coin. We also go over the price development of Pepe and debate if Pepe Coin is a worthwhile investment.
The Quick Step-by-Step Guide to Buying Pepe
The parts that follow provide a brief overview of how to purchase Pepe Coin right now:
- Step 1: Investors must first select an appropriate exchange because $PEPE can be traded on some of the best cryptocurrency exchanges. The token is accessible on platforms including Binance and OKX.
- Step 2: Open a New Account: Investors can open a new account on exchanges like OKX by providing their full name and email address.
- Step 3: Invest in cryptocurrency by buying Tether (USDT), a stablecoin that can be exchanged for $PEPE.
- Step 4: Find Pepe on the OKX exchange. To do this, go to the home screen and search for Pepe.
- Step 5: Purchase Pepe Coin. To complete the transaction on OKX, enter the quantity of tokens you wish to buy and click “Buy.”
Pepe Coin: a description
In 2023, Pepe Coin (PEPE), a brand-new cryptocurrency token, has completely taken over the memesphere. Since interest rates rose in the wake of the coronavirus outbreak, the cryptocurrency markets have been trading sideways.
However, the influx of new meme tokens like $PEPE has helped the cryptocurrency markets recover in 2023. The ‘Pepe the Frog’ meme, which was popularized by Matt Furie in the early 2000s, serves as the inspiration for this new meme cryptocurrency.
It should be noted that token owners receive no utility or inherent value from the Pepe Coin. In fact, the PEPE website declares that the coin has neither an intrinsic worth nor a reasonable expectation of financial gain. There isn’t a defined roadmap team. The coin serves simply as entertainment and is absolutely useless.
Pepe Coin, one of the cryptocurrencies with the most potential, has quickly risen to the top tokens in terms of market capitalization. The token quickly surpassed a $1 billion market cap after its April 2023 launch.
With a market valuation of more than $5 billion by the end of May, $PEPE was one of the top 20 tokens globally.
This coin has only one primary objective because it provides no genuine value to investors. Shiba Inu (SHIB) and Dogecoin (DOGE), two well-known meme and doge tokens, are soon be replaced by Pepe Coin. The market capitalization of $PEPE is currently greater than $600 million.
As is common with many meme tokens, the price usually drops after receiving significant gains. The token is still a fairly young cryptocurrency even if its market cap is much lower than that of popular joke coins like DOGE.
PEPE Coin: History of Prices
The cryptocurrency token $PEPE did not hold an initial exchange offering (ICO), in contrast to many other new meme tokens. On April 17, 2023, the token was directly listed on cryptocurrency exchanges.The cost of a $PEPE token at launch was approximately $0.000000001.
The entire token supply for this well-known cryptocurrency is 420.69 trillion. On May 5th, 2023, $PEPE’s price spiked abruptly, rising to an all-time high (ATH) of $0.00000431. This is the equivalent of a staggering price growth of more than 430,000% from the token’s initial launch.
Following this immediate price increase, the token corrected over the following few weeks. On May 12, this unstable cryptocurrency was trading in the neighborhood of $0.00000126. The price of $PEPE has been fluctuating during the ensuing few months.
To the end of June, the cryptocurrency, nonetheless, once more displayed some positive momentum. The token’s price has risen from $0.00000095 on June 20 to $0.00000150 as of this writing. The token has increased by more than 65.5% just in the last 30 days.
Pepe Coin ranks as the 70th-largest cryptocurrency in the world with a market cap of more than $630 million.
Why Did Pepe’s Cost Increase?
After discussing the $PEPE’s historically bullish price movement, let’s examine some of the causes of this price increase:
FOMO
Various meme coins have in the past provided astounding profits almost immediately. Similar to other cryptocurrencies, $PEPE’s popularity skyrocketed shortly after it was introduced.
Meme tokens don’t have much use, but because of their marketing and virality, they are able to generate enormous returns. Pepe Coin, like Dogecoin, has a catchy name that is based on a popular and relatable meme.
Most investors experienced FOMO (Fear of Missing Out) after the price began to soar. Within just a few weeks of the product’s launching, this helped the price increase by more than 400,000%.
Bringing Back the Crypto Space
Meme tokens were providing very erratic returns at the end of 2021 and 2022. The majority of the cryptocurrency market failed to provide investors with profits due to Bitcoin’s (BTC) sideways trading.
However, there is a surge of money in the cryptocurrency industry as the top tokens start performing better. As a result, meme tokens like Pepe Coin frequently turn into profitable investments.
By the beginning of 2023, Bitcoin and Ethereum began to surge, sparking a resurgence in the cryptocurrency industry. $PEPE became one of the most popular meme tokens in the following few months.
Is PEPE a Profitable Investment Now?
Should investors continue to purchase additional $PEPE even though this meme cryptocurrency has been rising since its inception earlier in 2023? Find out if buying Pepe Coin now is a wise idea by reading on:
Available for Less Money
At the time of writing, the price of $PEPE is $0.0000015. Pepe Coin’s prices are more than 65% behind their all-time highs despite rising by more than 60% in the last 30 days. Meme tokens can be among the riskiest bets to make in the cryptocurrency world, as was already established.
A price correction like this is frequent after sharp price increases. Therefore, a future price increase is probable. In addition, the current price increase can signal the token’s comeback after a few months of sluggish movement. Investors with a higher risk tolerance may wish to diversify their portfolios due to the token’s extremely low price because $PEPE could be the next cryptocurrency to go viral.
Investors should conduct their own research before making an investment in meme tokens and only make such an investment after fully understanding the dangers involved.
A deflationary token without a purchase tax
The tokenomics ensure that $PEPE can eventually become a more valuable asset, despite the fact that it does not yet provide token holders many use cases. $PEPE is an ERC-20 token that was created on the Ethereum blockchain.
Notably, Pepe Coin’s developers implemented a no buy/sell fee to make sure that investors did not pay more when transacting. Due to the fact that many projects tend to charge larger fees in order to preserve liquidity, this feature may assist the project draw in more investors.
Since a small part of $PEPE coins will be burned with each transaction, Pepe Coin is also a deflationary token. As a result, over time, the total quantity of tokens will decline.
Since there will be fewer tokens available to a larger pool of investors with a smaller token supply, the price of the token may rise.
Available over a number of exchanges
The fact that Pepe Coin is traded on a number of cryptocurrency platforms may make it a more lucrative investment. Currently, Pepe Coin can be purchased on some of the best cryptocurrency exchanges, such as KuCoin, Huobi Global, and OKX.
One of the biggest cryptocurrency exchanges in the world, Binance, has also listed the token. This makes the token more widely accessible, which will boost trading activity.
What ‘Pepe Coin Killer’ is the Best to Buy Right Now?
The Bitcoin Minetrix is another cryptocurrency garnering investor interest amid the ongoing meme coin boom due to its utility-focused strategy and innovative concept.
World’s First Stake-To-Mine Model and Perfect Pepe Coin Alternative, Bitcoin Minetrix
Pepe Coin ($PEP) has no better substitute than Bitcoin Minetrix ($BTCMTX). This new method of mining Bitcoin does not require specific hardware mining rigs.
The ecosystem, which is supported by Ethereum, provides a built-in dashboard with vital KPIs for individuals who want control over their own customized mining operations.
Users will be able to mine BTC around-the-clock without worrying about any environmental impact or initial outlay once mobile and desktop solutions are launched. Bitcoin has long faced harsh criticism for leaving a large carbon footprint.
Its Evidence of Work Blockchain is run by a tiny, centralized group of miners that control the network and control all the earnings. The majority of people find it prohibitively expensive to purchase a hardware mining rig because Bitcoin mining is currently carried out by huge organizations with costly mining operations.
Because of this, Bitcoin Minetrix is the best option. It proposes a stake-to-mine mechanism where users can earn Bitcoin mining credits by staking tokens. To obtain tokens, these BTC mining credits are burned. A user earns more money the more they burn. This is how mining is carried out. On the dashboard, a few quick taps will accomplish it.
In other words, mining power for Bitcoin is created using $BTCMTX. However, it serves two purposes and has the potential to generate staking rewards. Currently, the yield on $BTCMTX is 77,112%, and 540,000 tokens have been staked. These yields are still very high for early investors even if they are probably going to drop quickly.
The presale offers 2.8 billion of the 4 billion $BTCMTX tokens. The cost of each token is currently $0.011 but will gradually increase over the course of the presale’s 10 stages.
The Bitcoin Minetrix Whitepaper, Twitter, and Telegram accounts all contain additional information.
| Hard Cap | $32 Million |
| Total Tokens | 4 Billion |
| Tokens available in presale | 2.8 Billion |
| Blockchain | Ethereum Network |
| Token type | ERC-20 |
| Minimum Purchase | $10 |
| Purchase with | USDT, ETH, BNB |
Purchase Pepe: Complete Guide
After reading our Pepe Coin guide, you can decide whether to invest in this brand-new meme cryptocurrency.
The methods listed below will help you get started if you wish to buy $PEPE right now.
Choose a cryptocurrency exchange in step one.
The first step is to select a cryptocurrency exchange of your choice because $PEPE can be purchased on many different cryptocurrency exchanges. For instance, $PEPE may be traded on well-known exchanges like KuCoin, Binance, OKX, and Huobi Global.
You can look over these choices and make a decision based on your investing needs and requirements. Users will learn how to purchase $PEPE using the OKX exchange in this article.
Create a New Account in Step Two
Visit the OKX exchange website and select “Sign Up” to begin going. Investors can provide their full names, email addresses, and other personal information. You can start using the platform without having to go through a laborious KYC (Know Your Customer) procedure.
Use the link that is emailed to your email address to verify your account.
Purchase USDT Step Three
Investors have over 90 different ways to pay for crypto tokens like Tether (USDT) on the OKX market.
Fiat payment options like VISA, MasterCard, and other cryptocurrencies can be used to buy USDT. Once it is in your account, USDT can be exchanged into $PEPE.
Third step: look for Pepe Coin
On the home screen of your account after it has been created, you may see a list of the cryptocurrencies that are currently supported. Click ‘PEPE’ to proceed on the meme tokens tab. When you click on the cryptocurrency, you will be sent to the trading chart for the token.
4. Purchase $PEPE
Investors can observe the most recent price momentum on the trading charts.
You can input the quantity of PEPE tokens you want in exchange for your USDT holdings directly below. Click “Buy PEPE” to confirm the transaction.
Conclusion
This article on how to buy pepe meme coin provides a thorough study of this brand-new meme cryptocurrency. Pepe Coin rocketed beyond the $1 billion market cap in a matter of weeks despite starting in April 2023.
With a supply of over 420 trillion, $PEPE has no transaction taxes and will eventually become less plentiful. The token is currently trading at a price of $0.0000015. Pepe Coin could thus rank among the finest cryptocurrency tokens in 2023.
Bitcoin Minetrix is a different meme coin that has attracted investment interest. It provides a high annual percentage yield (APY) and a novel idea to democratize Bitcoin mining, making it available to everyone with just a few easy clicks.
References:
- https://www.spglobal.com/en/research-insights/featured/special-editorial/are-crypto-markets-correlated-with-macroeconomic-factors
- https://www.coindesk.com/markets/2023/05/05/first-mover-americas-memecoin-pepe-hits-1b-market-cap/#:~:text=Top%20Stories,after%20it%20debuted%20last%20month.
- https://www.binance.com/en/price/pepe
- https://coinmarketcap.com/currencies/pepe/
- https://blog.kraken.com/what-is-pepe-pepe-meet-the-latest-viral-meme-coin-phenomenon
- https://www.coindesk.com/markets/2023/06/22/pepecoin-becomes-biggest-meme-coin-gainer-with-70-weekly-jump/
- https://www.binance.com/en/feed/post/681184
FAQs
Pepe Coin: What is it? Pepe Coin (PEPE), which was introduced in April 2023, is one of the most well-liked meme tokens of the year. The cryptocurrency has provided phenomenal profits while having no fundamental worth. The ‘Pepe the Frog’ meme, which peaked in popularity around 2005, is the basis for the token.
How many Pepe Coin tokens are there in total? The total supply of Pepe Coin is 69.420 trillion. But each transaction results in the burning of some tokens. As a result, the supply will gradually decline.
Is Pepe Coin capable of $0.01? Despite providing enormous gains, $PEPE needs increase by more than 666,000% in order to reach $0.01 per share. It seems doubtful that the token will reach this worth any time soon, despite the fact that it is not impossible.