As meme coins emerge as high-return contenders, PEPE Coin is rapidly gaining traction. Since its lows in April 2023, the coin has risen by over 2,645% to become the third largest meme coin. Its playful disguise, inspired by PEPE the Frog, hasn’t stopped almost 130,000 investors from taking it seriously. A step-by-step guide how to buy pepe coin, showing the meme coin’s unique trajectory, and explaining why it has recently captured such interest, is provided in this article. And if you want to get instant funds, use our crypto loans.
What is Pepe Coin?
In April 2023, PEPE memecoin was launched on Etherscan for the first time.
Within three weeks, the cryptocurrency had a market cap of over $420 million, making it into the top 100 coins based on market capitalization. PEPE is traded on major exchanges, including Binance, KuCoin, Kraken and others.
Moreover, according to CoinMarketCap, PEPE Coin has rapidly climbed the ranks to join the top 70 cryptos since its launch in April 2023.
Meme coins might be full of fun and humor, but they’ve also proven to be highly profitable, attracting crypto enthusiasts and skeptics alike.
According to Pepe’s official website, PEPE is meant for fun, not investment, but now this meme coin has attracted nearly 130,000 investors! As a digital currency, PEPE coin has taken the crypto world by storm with its exponential returns.
The rise of PEPE coin in May 2023
The PEPE cryptocurrency exploded into the crypto world and completely stunned the meme coin world. It surpassed its $1 billion market capitalization just 20 days after it entered the crypto world. Within just 17 days, PEPE surged by a whopping 7,000% and rocked the crypto meme coin industry with such a super extraordinary entry.
PEPE had an amazing month in April, as the google search results indicate. From the week of April 9, 2023 to the week of May 15, the Google Trend score for “PEPE coin” increased from three to 100, where 100 represents the peak popularity for a specific keyword search.
PEPE coin peaked on May 5, 2023 with a market cap of $1.87 billion, showing a meteoric rise to $0.000004354. As a result of PEPE coin’s listing on several leading cryptocurrency exchanges, including Binance, Uniswap, KuCoin, OKX, Huobi, Gate.io, and MEXC, the price of the coin drastically jumped.
How to buy PEPE coin: Step-by-step guide
- Choose Exchange: The first step in investing in PEPE is to choose an exchange. The token is available on exchanges such as Binance. For example, PEPE coin can be traded on popular exchanges such as Binance, OKX, Huobi Global, and KuCoin.
- Create an Account: After entering their full name and email address, investors can create a new account on exchanges. For example, click ‘Sign Up’ on the OKX exchange website and enter your email address, full name, and personal information. No KYC (Know Your Customer) process is required.
- Purchase Cryptocurrency: Investors can purchase Tether (USDT), which can be exchanged for PEPE.
- Search. To continue, one can search for PEPE through the home screen on an exchange.
- Buy. Enter the number of tokens to purchase and click ‘Buy’ to confirm the purchase.
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Should I buy, sell, or hold?
In order to determine if it is a good time to buy, sell, or hold PEPE Coin, a combination of fundamental and technical analysis can help shed some light on the best course of action.
A total of 14 indicators are signaling bullish activity, whereas 10 are signaling bearish activity, based on our market research.
Algorithm predicts PEPE Coin’s price will decline by -6.89% over the next five days, reaching $ 0.051077 on Nov 05, 2023. Beyond the short term, PEPE Coin is forecast to gain 9.54% and hit $ 0.051267 on Nov 30, 2023.
Pepe Coin, with its unique concept and vibrant community, has gained attention in the cryptocurrency market. By understanding the fundamentals of Pepe Coin, such as its origins and purpose, readers can make informed decisions about whether to invest in this digital asset. However, it is crucial to remember that investing in cryptocurrencies carries risks, and individuals should conduct thorough research and exercise caution before making any financial decisions.
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