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PEPE token, a meme coin inspired by the character Pepe the Frog, has stolen the attention of crypto investors in April and May. This coin managed to gain popularity and high value in a short time. What is the success story and investment potential of this coin?
History of PEPE Memecoin
PEPE coin launches in mid-April 2024 as a tribute to Pepe the Frog, an internet meme created by artist Matt Furie. This meme is very famous among internet users, especially on social media like Twitter and Reddit.
Due to its large fan base, the coin quickly attracted the interest of crypto investors, especially those who love meme-based coins, such as Shiba Inu and Dogecoin. The coin is also supported by a strong and active community, which often creates campaigns and events to promote this coin.
One of the events that made this coin go viral was Twitter Spaces, a new feature from Twitter that allows users to speak directly with voice. On April 17, hundreds of people followed several Twitter Spaces discussing PEPE coin and its potential.
Investors and PEPE coin holders also expect the coin to be listed on leading crypto exchanges soon, such as Binance and Coinbase, to increase the liquidity and accessibility of the coin.
Also Read How to Buy Crypto:
Big Advantages of Small Investments
Although PEPE coin is a meme coin that has no special function or utility, it has managed to provide huge profits for investors who enter at the right time.
Some early investors managed to buy PEPE coin before it trended on social media, and before it was listed on crypto sites like Coinmarketcap. They bought this coin at a very cheap price, about $0.000000002764 per coin.
On April 17, the price of PEPE coin soared to reach $0.00000007957 per coin, up about 187% in a day. At that time, a $100 investment in PEPE coin could buy around 1.8 billion coins.
At the time of writing, the price of PEPE coin is $0.000000935 per coin, up about 3,281% since April 17. At this price, a $100 investment in PEPE coin on April 17 is now worth around $1,644.68 (IDR 25.86 million).
In early May, the price of PEPE coin reached an all-time high of $0.000001439 per coin, up about 5,099% since April 17. At this price, a $100 investment in PEPE coin on April 17 is now worth around $2,531.22 (IDR 39.79 million).
Although the price of PEPE coin may not last in the long run, it shows the potential to increase again based on the number of people investing in it and its possible inclusion on crypto exchanges.
According to data from CoinMarketCap, a leading crypto analysis site, the price of PEPE coin is currently in the range of $0.000000935 (IDR 14.71) per coin, up by 30.87% in the last 24 hours. The market capitalization of this coin is around $2.29 billion (Rp 36.04 trillion), and it ranks number 48 among all cryptos.
How to Buy Pepe (PEPE) on Bittime
You can buy and sell Pepe (PEPE) in an easy and safe way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.
Pepe (PEPE) is available on Bittime with the PEPE/USDT market pair. To be able to buy PEPE USDT on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application.
Learn the complete guide on how to buy Pepe (PEPE) on Bittime.
Monitor the price chart movements of Pepe (PEPE), Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
Also Read:
The Rising Popularity of Pepe Coin in the Crypto Market: Price Analysis and Market Strength of PEPE
Pepe Coin Price Soars, Traders Make Big Profits
Most Popular Meme Coins February 2024: ApeMax, Pepe, BONE, and More
DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.
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