Pepe Coin (PEPE) is a meme coin inspired by the famous internet frog that has become a symbol of counterculture and freedom of expression. Pepe Coin aims to create a decentralized community of meme lovers who can share, create, and trade digital art on the blockchain. Pepe Coin has a total supply of 100 billion tokens, of which 50% are burned, 25% are locked for liquidity, and 25% are distributed to holders and developers.
Pepe Coin currently trading at $0.00001067. The market cap of Pepe Coin is currently $1.56 million. Market saturation often intensifies competition amongst meme coins, which could make it hard for Pepe Coin to stand out.
Pepe (PEPE) saw an 80% surge in June 2023, switching Pepe’s long-term trend from a downtrend to an uptrend after a breakout. However, selling pressure led to Pepe’s price peak, followed by a decline. This created a bullish flag pattern for Pepe Coin due to lower highs and lows.
Pepe Coin has limited utility and has been riding the culture wave. With an undefined roadmap. Pepe Coin raises eyebrows as a long-term investment.
However, Pepe Coin has a loyal fan base that supports Pepe’s vision and values, making Pepe Coin one of the most promising meme coins at present. Another meme coin struggling after Pepe Coin is Shiba Inu. Shiba Inu (SHIB) is another meme coin that has gained massive popularity in the past year.
Thanks to Shiba Inu’s cute dog mascot and its ambitious roadmap. Shiba Inu is a decentralized community-driven project that aims to create an ecosystem of decentralized applications (DApps) powered by Shiba Inu’s native token, SHIB, as well as two other tokens: LEASH and BONE. Shiba Inu also plans to launch its own decentralized exchange (DEX) called Shiba Inu’s ShibaSwap.
. Read more on livemint.com