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Why Pepe Coin is on the Rise – Forbes Consultant INDIA
Meme coins are best known in the cryptocurrency market for lifting the mood and sentiment of investors, especially when the overall market is a bit choppy or moving sideways.
So, if you are a fan of meme coins, then you may not want to miss the newly launched “PEPE” coin, which has created an unprecedented example by witnessing a crazy rally of almost 7,000% since its launch in April 2023. Currently, the PEPE coin has a market capitalization of over $5 billion, achieved in just a month since its launch.
Let’s take an in-depth look at how this frog-faced “PEPE” quickly became the talk of the town and how it entered the top 100 cryptocurrencies on the market, soaring overnight.
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What is a PEPE coin and how does it work?
PEPE coin is just like another meme coin that has no fundamental, intrinsic value and has no utility. In fact, it is considered the most “memeable” meme coin built on the Ethereum blockchain and functions like an ERC token.
PEPE coin has no formal team or any roadmap. It was casually created as a tribute to the popular Internet meme character known as “PEPE the Frog” who gained popularity in the early 2000s.
Even without fundamentals, PEPE has managed to break into the top 100 cryptocurrencies by market capitalization in just two weeks since its launch and currently sits at position number 70 according to cryptocurrency website CoinMarketCap. The PEPE coin started trading on April 15, 2023 at a price of around $0.000000001 and now one PEPE coin is equivalent to $0.0000014, as of this writing.
According to PEPE’s official website, “PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and serves only entertainment purposes.”
In contrast, PEPE was designed to capitalize on the popularity of meme coins such as Dogecoin, Shiba Inu, and others. That’s why the PEPE coin is very similar to Doegcoin and Shiba Inu, the only difference is that the latter are dog-based coins and PEPE is frog-based.
PEPE Coin uses a deflationary mechanism where a small percentage of tokens are burned with each transaction. This mechanism helps create scarcity and also increase the value of remaining tokens over a period of time.
Furthermore, it uses a redistribution system where a portion of each transaction is shared among existing token holders which helps them garner user engagement and long-term investments.
PEPE Coins Overview
History of the PEPE coin
How PEPE came to be is still unknown. It has not used any of the methods such as initial coin offering (ICO), presale or airdrop to distribute its tokens, rather depending entirely on the popularity of the PEPE the Frog meme, to attract the interest of potential investors.
It should be noted that PEPE has no connection to the main creator of the PEPE the Frog meme, Matt Furie, rather the identity of its creators is still unknown. All we know, PEPE has been launched around mid-April 2023.
Information about the team and its creators is scarce, but PEPE has successfully garnered a lot of attention via social media platforms like Twitter and Telegram, and in no time has managed to foster a community around the meme coin. Just a few days after launch, PEPE already has more than 290,000 followers on Twitter.
What caused a sudden increase in the PEPE coin?
PEPE entered the world of cryptocurrencies like a boom and totally shook the world of meme coins by surprise. It surpassed its market capitalization of $1 billion in a very short span of just 20 days. With such a stunning entry, PEPE surged by a whopping 7,000% in a matter of just 17 days and shook up the meme crypto coin industry.
Interestingly, April was a banner month for PEPE, and this is quite evident from Google search data. The Google Trends score for “PEPE coin” went from three to 100 from the week of April 9, 2023 to the week of May 15, where 100 represents the peak popularity for a specific keyword searched on Google.
Google trending score for “PEPEcoin” over the last 30 days
At one time, on May 5, 2023, the PEPE coin reached its peak at $0.000004354, along with an astonishing market capitalization of $1.87 billion, representing a meteoric rise. An important factor that contributed to dramatically moving the price of the PEPE coin is its listing on several major cryptocurrency exchangesincluding Binance, Uniswap, KuCoin, OKX, Huobi, Gate.io and MEXC.
PEPE coin price chart for the last month
CoinMarketCap
Currently, the price of PEPE has collapsed drastically as it has seen a decline of more than 60% from its all-time high, with a decrease of more than 3% in the last 24 hours as of this writing, which raises the question “ We should also consider this coin”?
What should investors do in PEPE Coin?
There is no doubt that cryptocurrency enthusiasts have every reason to consider PEPE coin as the next potential meme coin thanks to its massive entry and unexpected popularity. PEPE has been able to impress the entire cryptocurrency market with its extraordinary performance since its launch and has proven that it can compete on par with leading meme coins at any time.
It is natural that cryptocurrency investors may think of investing heavily in PEPE due to its immense popularity and transforming their fortune overnight. But, if we look closely at the charts and know that memes can turn into a joke at any time, investors should not get carried away by PEPE’s temporary popularity and fame as its hype may end soon.
Financial experts firmly believe that one should not forget that PEPE coin is intended for entertainment purposes only and does not contain any intrinsic value and therefore there should be no expectation of financial return. Furthermore, PEPE is a fairly new project with almost negligible price history for reference, so it might be risky to invest your money in it. However, if someone really wants to invest in cryptocurrencies, then it is better to opt for traditional coins like Bitcoin and Ethereum, which should only make up 5% of your total financial portfolio.
How to buy PEPE in India?
Well, if you still prefer to go with the flow and follow the trend by trying your luck in PEPE, below are the steps that will help you buy PEPE coin via cryptocurrency exchanges, where it is available:
- Step 1: Create an account on the exchange’s website or through the app and verify your identification.
- Step 2: If you already have an account with the similar exchange, log in with your credentials.
- Step 3: Click on the “Buy Crypto” link in the website navigation, which will show you the options available in India. At this point, you can consider buying a stablecoin first and then using that coin to buy PEPE (PEPE).
- Step 4: Pay to purchase PEPE via bank credit or debit card, bank deposit or via peer-to-peer (P2P) service.
- Step 5: Now that you have purchased your PEPE, you can store it in your personal crypto wallet or even in your exchange account.
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Detailed article: How to buy PEPE coins in India
What lies ahead for the PEPE coin?
Frog-faced PEPE is one of the best examples of “rise to fame” that has certainly changed the fortunes of many by making exceptional profits for them. But if you missed the bus, the chances of getting back on it seem slim as no one can predict what will happen next in the crypto space.
PEPE, which quickly surpassed its highly popular counterparts, Dogecoin and ShibaInu, has attracted the attention of critics and big fans over the past month.
Many have already been lucky, while the others are curious to know what the next PEPE has in store for us. With the increase in the number of holders, daily trading volume and following on social media channels, experts believe that there is still a lot of potential in PEPE, which could show another bullish momentum.
However, PEPE’s situation is similar to that of a frog, which is half submerged in water and the other half is still out and looking for better opportunities.
Like other meme coins, PEPE does not have solid foundations and strong intrinsic values, so many fear that this rally may not last long. And, literally, no one knows how long the bullish momentum for PEPE will continue, before the bears intervene.
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Top 5 Crypto Pre-Sales for August 2024
Have you heard about cryptocurrencies in 2011? Was Bitcoin so popular back then? Well, yes, some forward-thinking people saw its potential early and invested in BTC back then. Investors were skeptical about this new financial element; however, many took the risk and invested what they could risk in the cryptocurrency market.
Going through the list of top presales, we have identified and studied five of the main candidates that can change the game on the trading charts. These new opportunities promise the best returns and a great chance to buy tokens at affordable prices. While 5thScape is at the top of our recommendation, projects like DarkLume and Artemis Coin are pioneers in their respective categories.
Top 5 Crypto Pre-Sales to Add to Your Watchlist in 2024
Below we present the top five cryptocurrency pre-sales that you should consider adding to your investment watchlist.
- 5th Landscape (5SCAPE) – King of digital VR gaming with AR/VR elements
- Dark light (DLUME) – Virtual Metaverse for Social Exploration
- SpacePay (SPY) – Versatile Financial Payment Gateway for Seamless Transactions
- EarthMeta (EMT) – Replicating our planet on a virtual platform
- Artemis Coin (ARTMS) – NFT Marketplace for Digital Real Estate Investment
In-Depth Review: The Best Crypto Pre-Sales of 2024
Now, let’s take a closer look at these pre-sale events and how they can help investors make significant profits this year.
5th Landscape (5SCAPE)
The 5thScape project combines emerging technology using the fundamentals of virtual and augmented reality on the Ethereum platform using its native currency as 5SCAPE. Users of the token experience increased security and interactive gameplay in the digital space.
Here are the potential reasons why investors are admiring the 5thScape ecosystem:
Immersive Gameplay: With over five game titles, the platform is ready to amaze the audience with games ranging from archery, sports, battle and high-speed racing.
Innovative VR Content: 5thScape’s progress in the crypto-gaming space will contribute to the development of educational resources and other VR content on the website.
Motion Control Gadgets: This project is working hard to introduce VR devices such as headsets and gaming chairs with precise controls and high-resolution soundscapes to achieve the best immersive feeling while exploring the ecosystem.
Practical utility: 5SCAPE tokens stimulate participation in various activities and convert the ecosystem into economic value for investors.
Staking Opportunities: Acquiring 5SCAPE tokens after listing on exchanges can generate higher earnings
Free Giveaways and Prizes: The distribution of free coins and VR subscriptions attract investors.
Visit 5thScape for more details>>
Dark Light (DLUME)
We just saw how 5thScape captures investors with its AR/VR digital landscape. DarkLume works on similar VR principles but has a completely new VR metaverse. Its presale is about to hit the $1 million mark and simultaneously increase fund inflows.
What are the specifics that allow DarkLume to lead the metaverse industry?
Native currency: The project has DLUME as a digital currency that can be used for in-game purchases or upgrades. These utility tokens also give their holders the right to vote on the development and expansion of the project.
Benefits of staking: Investors who want to hold and earn from this currency expect to multiply their funds after the stock market listing.
Exploratory Metaverse: Once you enter this world, there is no turning back. There are so many opportunities to find recreational activities and relieve stress. Walking through lush landscapes and stargazing at night can be a memorable experience. If you are a party animal, DarkLume’s virtual discos and clubs will win you over.
Visit DarkLume for more details>>
Payment for space (SPY)
Traditional financial setups face many challenges in daily transactions and are also expensive. To solve these concerns, Maxwell Bunting founded SpacePay by combining cryptocurrency payments and blockchain technology. The London-based startup makes online shopping and payments more seamless by integrating its network with existing card terminals, allowing users to make payments in any digital currency. Merchants can choose to receive payments in conventional currency without having to pay exorbitantly.
SpacePay has designed a user-friendly and convenient interface that supports over 325 crypto wallets. SPY, the native token of this platform, serves to enable all transactions within its ecosystem. Tokens can also be used to generate passive income through staking and additional community rewards.
EarthMeta (EMT)
EarthMeta is a virtual metaverse created to replicate our planet, Earth. It is listed as one of the best crypto pre-sales of 2024, with a focus on creating new NFT platforms and virtual assets in premium cities. The startup encourages users to own and govern virtual landscapes.
Cities are then further broken down into smaller assets such as landmarks, buildings, monuments, parks, schools, and more. NFTs can now be bought and sold in the project’s marketplace. Governors are eligible to earn 1% fees per transaction within their city. EMT token holders can also generate more at once with custom API integrations and participation in DAO activities.
Artemis (ARTMS)
Today we have covered a number of financial projects that you can consider along with 5thScape, the most promising VR coins of the decade. Artemis (ARTMS) is a financial platform that allows investors to transact and trade using its digital asset, ARTMS. Users can also lend, borrow, stake, save, and generate rewards from yield farming.
The project is about to enter Phase 4 of development which will see the launch of the Artemis Crypto System. This system is customized to facilitate a large number of secure and transparent crypto transactions. Cryptocurrency enthusiasts and professional entities can buy and sell products such as smartphones, bicycles and internet services using crypto payments. Early investors have great advantages until the project is available at a discounted price in the pre-sale.
Read this before investing in the next cryptocurrency market
Experienced investors know the factors to consider before investing in this dynamic market. Here are some points that beginners should remember before securing a position in the cryptocurrency universe.
- It is essential to verify the project details and the founders.
- Read and understand the whitepaper for all the technical information about the ICO, the roadmap and the mission of the project.
- The project roadmap will provide greater clarity on milestones and results achieved.
- Review the fundamentals of the new technologies involved in the development of the platform.
- Before investing in any cryptocurrency, carefully evaluate the benefits and risks to avoid losses and build a profitable portfolio.
Conclusion
5thScape ICO Offers Tokens at Deeply Discounted Prices. Once the presale is over, the token price will skyrocket 434% from the first round and promise 600x returns to early investors. Who wouldn’t want to be part of an innovative and growing VR ecosystem? Check your details, review all the documents and start investing in 5thScape now.
Time flies, and so does the $100,000 prize.
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Best Upcoming Cryptocurrencies for Long-Term Profits: Turn $100 Into $1000 With These Picks
Have you ever wondered how much return Bitcoin has given to investors who bought this gold cryptocurrency a decade ago? In 2014, Bitcoin reached its significant milestone of $1,000 in the first month. Currently, it is trading at around $64k, which is an astonishing 6300% increase in the span of 10 years. No stock, no ETF could ever give you such monumental returns. This simply proves that the cryptocurrency market turns your dreams of investment returns into reality.
While the established giants are not giving so much returns now, the ball is in the court of upcoming cryptocurrencies that are based on the development of projects to provide up to 1000x returns in the near future. In this article, we will explore 5 upcoming cryptocurrencies for long-term earnings that can turn your $100 into $1000 – the only key is strategic investing with a lot of patience!
Best Upcoming Cryptocurrencies For Long Term Profits
Below we list the top 5 cryptocurrencies for long-term gains, which are set to give you returns of up to 1000 times in the coming times.
- 5th Landscape (5LANDSCAPE)
- Dark light (DISGUST)
- BlockDAG (BDAG)
- eTukTuk (TUK)
- WienerAI (WAI)
Take a deeper look at the background of these 5 upcoming cryptocurrencies for long-term gains and see why they could be viable options for your cryptocurrency portfolio.
1. 5° Landscape (5SCAPE)
5thScape is changing the face of entertainment by merging augmented and virtual reality with blockchain technology, offering a VR content ecosystem unlike any other destination on the internet. Its native token, 5SCAPE, is the cornerstone of this innovative ecosystem. With a limited supply of 5.21 billion tokens, 5SCAPE offers early investors a unique opportunity to participate in the growth of a potentially transformative platform.
Combining the immersive experiences of VR technology with a cryptocurrency that has a real-world use case, 5thScape presents a compelling investment proposition. The project’s focus on providing unparalleled user experiences, coupled with its potential to generate substantial returns, makes 5SCAPE an ideal new cryptocurrency to have in your portfolio for long-term gains.
Click here to invest in 5thScape today >>
2. DarkLume (DLUME)
DarkLume is a meticulously crafted metaverse where users can experience a lavish digital lifestyle. At its core is the DLUME token, the currency that powers this virtual economy. By owning DLUME, users gain access to exclusive experiences, from owning virtual properties to attending high-society events and hosting virtual celebrations with their friends.
The metaverse is divided into virtual countries, each with its own citizenship requirements. To become a citizen, users must possess a specific amount of DLUME. Maintaining citizenship involves paying taxes in DLUME and creating a sense of community and responsibility among users.
Unlike other metaverse platforms that are limited to digital interactions only, DarkLume offers a wide range of activities, from leisure and entertainment to social interactions and exciting experiences. The platform’s focus on luxury ensures that every aspect of the metaverse is designed to exceed expectations. As DarkLume continues to grow, its DLUME token is expected to be in high demand. The metaverse concept is supported by renowned names such as Mark Zuckerberg and Satya Nadella. As it is the future of immersive socialization, the DLUME token is expected to appreciate in value over time.
Explore DarkLume’s website to learn more
3. BlockDAG (BDAG)
BlockDAG is an innovative blockchain platform that uses a Directed Acyclic Graph (DAG) structure together with blockchain technology to offer fast transaction speeds, lower fees, and better scalability.
Unlike traditional blockchains that process transactions sequentially, BlockDAG processes them in parallel, which allows it to handle a much higher transaction volume. This approach makes BlockDAG an ideal platform for applications that require high throughput and low latency, such as DeFi, gaming, and IoT. Its presale has been a great success so far, and BlockDAG’s adaptability may be an optimistic sign for early investors in the BDAG token.
4. eTukTuk (TUK)
eTukTuk is a new leading crypto project that combines sustainable transportation with blockchain technology. Its main goal is to electrify the famous “tuk-tuk” industry, reducing carbon emissions that cause environmental damage while creating a thriving ecosystem. Its TUK token powers the entire platform.
One of the most notable features of eTukTuk is its Play-to-Earn (P2E) gameplay. Players can earn TUK tokens by completing challenges and missions in the game. This gamified approach not only makes the platform engaging but also incentivizes user participation in building the eTukTuk ecosystem. The primary utility of the TUK token is as a mode of payment for tuk-tuk drivers who use EV charging stations for their vehicles installed across Sri Lanka. The project will soon expand to other countries.
Overall, the value proposition of the TUK crypto token is strengthened by its utility within the platform. It can be used to purchase electric tuk-tuks, charge them at the network’s charging stations, and access various platform services. As eTukTuk adoption grows, demand for TUK tokens is expected to increase, potentially resulting in significant appreciation in the token’s value.
5. WienerAI (WAI)
WienerAI is a new blockchain-based platform that uses next-generation artificial intelligence (AI) technology to transform the cryptocurrency trading space. Its flagship product is an AI trading bot (with a sausage-themed mascot) designed to analyze market trends, identify potential opportunities, and execute trades with zero errors. With the power of AI, WienerAI provides users with a market edge in the complex and dynamic world of investing.
The platform’s native WAI token is a digital asset that underpins the entire ecosystem. Token holders can enjoy various benefits, including discounted trading fees, priority access to new features, and even a share of the platform’s profits. As WienerAI gains traction and its AI trading bot proves successful, the continued flow of demand for the WAI token will fuel its price.
Final Thoughts: Best Cryptocurrencies for Long-Term Profits
Each cryptocurrency project explored in this article brings a unique and innovative perspective to the blockchain industry. From the immersive worlds of 5thScape and DarkLume to the efficiency gains of BlockDAG and the sustainability focus of eTukTuk, not to mention WienerAI’s AI-powered trading bot with a new approach to investing, these projects are pushing the boundaries of what’s possible with blockchain technology.
While all of these projects are promising, 5thScape and DarkLume stand out as particularly interesting investment opportunities. The combination of 5thScape’s robust VR ecosystem tokenomics and unique AR/VR offeringstogether with the fantasy world of the DarkLume metaversehas the potential to appeal to a wide range of investors who may be entertainment lovers, not just cryptocurrency enthusiasts. Given their current presale stages, acquiring 5SCAPE and DLUME tokens at these early-bird prices could prove to be a strategic move for those seeking substantial returns.
This is a sponsored article. The opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on the information presented in this article.
News
Avalanche Predicts ‘Most Bullish Unlock’ in Broader Market $1 Billion in Token Release
Token Unlocks data shows that several crypto projects:AvalancheWormhole, Aptos, SandboxArbitrum, Optimism and others are set to unlock around $1 billion worth of tokens in August.
Approximately $260 million will be allocated in the first three days of the month.
Crypto projects often schedule token unlocks to control the asset supply and prevent market oversaturation. This gradual release helps avoid significant sell-offs by early investors or team members who hold large amounts of crypto assets.
Wormhole and Avalanche to Release Over $400 Million in Tokens
The biggest news this month will be Wormhole and Avalanche.
On August 3rd, Hole in the walla cross-chain messaging protocol, will release 600 million tokens worth $151.67 million, or 33.33% of its circulating supply.
Avalanche will follow on August 20, unlocking 9.54 million AVAX tokens worth approximately $251 million, or 2.42% of its circulating supply.
The Token Unlocks dashboard shows that 4.5 million AVAX, worth $118.53 million, will go to the Avalanche team, 2.25 million AVAX, worth $59.27 million, will go to strategic partners, and the remainder will go to the Foundation and as an airdrop.
Farid Rached, former head of ecosystem growth at Avalanche, underlined that this planned unlock would be the most bullish in its history because “it is the last big step for the team and public/private investors.”
Other important unlocks
Sui, a layer 1 network, will unlock 64 million tokens worth $50 million, or 2.56% of its circulating supply, on August 1.
Similarly, decentralized exchange dYdX will issue 8.33 million tokens worth nearly $11 million, or 3.65% of its circulating supply. These tokens will be distributed to investors, founders, staff, and future employees.
Aptos will unlock 11.31 million APT tokens worth $74.64 million on August 12. These will be allocated to the Aptos community, top contributors, the foundation, and investors, with top contributors receiving the largest share: 3.96 million APT worth $26 million.
On August 14, Sandbox will release 205.6 million SAND tokens worth $66.75 million. This issuance will be split between the team, advisors, and a corporate reserve.
Finally, Ethereum’s layer 2 networks Referee AND Optimism will collectively unlock over $110 million worth of tokens by August 16 and 31, respectively.
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Big Tech Beats Bitcoin (BTC) as Trump’s Trade Cancellation Weakens Token
Bitcoin has failed to join the cross-asset rally fueled by dovish comments from the Federal Reserve, as the tight US election race casts doubt on Donald Trump’s ability to implement his pro-cryptocurrency agenda.
The digital asset slipped 2.4% on Wednesday, tracking a Fed-fueled surge in an index of the Magnificent Seven large-cap tech stocks by one of the widest margins in 2024. The token fell further on Thursday, changing hands at $63,750 by 6:10 a.m. in London.
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