Pepe Coin: Whats the Reason Behind Pepe Coin Price Surge?
- The sudden surge in the growth of meme coin Pepe.
- Pepe coin continues to rise toward the top of popular cryptocurrencies.
The crypto world has gained quite a lot of traction among investors after the popularity of the meme coin category. Until now, the crypto universe has seen several meme coins like Doge, Floki Inu, Shiba Inu, and many others, which have risen to great heights. However, there is no stopping the meme industry as it keeps on introducing new meme coins occasionally. Just like that, the popular meme Pepe has managed to get a coin and universe of its own. Therefore, since its origin, investors have been busy staking their claim in the uprising of the meme coin Pepe. This friendly green frog has suddenly become important to people’s investment portfolios.
The Rise of Meme Coin Pepe
Due to the rise of several meme coin projects like Shiba, Kishu, and Floki and their inability to maintain their presence in the market, Pepe, the affectionate frog meme, decided to take matters into its own hands. It started with a low-profile launch with almost no pre-sales and taxes levied. The meme coin project Pepe has claimed itself to be a Robin Hood that people can enjoy.
Thus, the cryptocurrency Pepe came into the market by waiving off all contracts and burning its liquidity pool. The character of Pepe the Frog is an original creation of Matt Furie, who has taken his interest in the growing world of cryptocurrency. Since its launch, Pepe coin has already claimed the sixth position in terms of market cap in the meme coin category.
Working Principle Behind Pepe Coins?
It is claimed that the total supply of Pepe is 420,690,000,000 tokens, of which 93.1% are present in a liquidity pool. And the remaining 6.9% are assigned to a multi-signature wallet for future utilization. The Pepe coin is known for using a deflationary mechanism, meaning a small percentage of tokens are burned. During every transaction, the burning of these tokens is known for creating scarcity, thereby boosting their value with time.
Meanwhile, it even has a unique redistribution system that allows a portion of transactions to go into the pockets of existing token holders. Thus, the participants or investors are further encouraged to participate in Pepe coin’s long-term future. Twitter is one of the reasons behind the enormous growth seen in Pepe. Their multiple high-profile purchases have been initiated, propelling Pepe coin’s growth.
The development team of Pepe has implemented a three-phased strategy. In which the first phase consists of launch and promotion on Twitter. The second phase includes listing Pepe in Tier 1 centralized cryptocurrency exchanges. And, lastly developing a Pepe academy for promoting its merchandise.
Conclusion
The meme coin project of Pepe will steadily become one of the top cryptocurrencies if it continues to show its dominance. Whether one is a short or long-term investor, Pepe coin will surely take their investment portfolio to great heights.
