{"id":528157,"date":"2023-04-23T11:30:54","date_gmt":"2023-04-23T11:30:54","guid":{"rendered":"https:\/\/uniquehot.com\/?p=528157"},"modified":"2024-06-11T14:35:40","modified_gmt":"2024-06-11T14:35:40","slug":"pepecoin-pepe-rallies-by-42-as-interest-in-memecoins-rises","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/pepecoin-pepe-rallies-by-42-as-interest-in-memecoins-rises\/","title":{"rendered":"PepeCoin (PEPE) Rallies By 42% As Interest In Memecoins Rises"},"content":{"rendered":"

PepeCoin (PEPE), a newly launched memecoin, has been a focal point of investors’ interest in the last few days due to its massive market gains. In a crypto market that is generally bleeding red, PepeCoin, along with a host of other memecoins, has been quite profitable for investors.\u00a0<\/span><\/p>\n

PEPE Gains 42% In 24 Hours<\/span><\/h2>\n

According to data from CoinMarketCap<\/a>, PEPE\u2019s market price has increased by 42.03% in the last day, making it one of the biggest gainers in the crypto space. More interestingly, PEPE has gained over 528.17% following its launch on Monday, April 17.<\/span><\/p>\n

As earlier stated, PepeCoin (PEPE) is a memecoin; however, it differs from most popular memecoins as it was inspired by the cartoon character Pepe the Frog rather than the Shiba Inu dog. According to the bio on its official Twitter handle, PEPE is described as \u201cthe most memeable memecoin in existence\u201d by its developers.<\/span><\/p>\n

Interest quickly grew around PEPE following a high-profile purchase that saw an investor reap nearly 4,500 times his initial investment.\u00a0<\/a><\/span><\/p>\n

Barely days after purchasing 5.9 trillion PEPE tokens with 0.125 ETH, valued at $250, this memecoin investor saw his investment surge to a peak value of $1.8 million. As expected, this led to a massive influx of investors into the PEPE market as everyone is seeking to make a quick profit.<\/span><\/p>\n

Related Reading: Solana (SOL) Plunges Over 13% \u2013 Will It Bounce Back?<\/a><\/div>\n

However, there is still much concern about PEPE, as with all memecoins. For PepeCoin, its major concerns center on the currently low liquidity of the token. Without a moderate liquidity level, it may be hard for investors to convert their tokens to profit regardless of how high their value rises.<\/span><\/p>\n

At the time of writing, PepeCoin is trading around 0.0000003341, with a daily trading volume of $87.98 million. Based on additional data from CoinMarketCap<\/a>, the token has also attained an impressive market value of $145.66 million.\u00a0<\/span><\/p>\n

\"<\/p>\n

PEPE trading at $0.000000349 | Source: PEPEUSDT chart on Tradingview.com<\/a><\/span><\/pre>\n
Related Reading: Polkadot (DOT) Price Slumps Below $6 \u2013 Any Chances For Reversal?<\/a><\/div>\n
Memecoins Record Heavy Gains, Draw Investors\u2019 Interest<\/span><\/h2>\n
Memecoins are a type of cryptocurrency based on internet memes and are promoted majorly by celebrities’ engagements. While these tokens are usually criticized for their lack of utility, they can serve as a source of quick and large gains – especially upon launch – as seen with PepeCoin.<\/span><\/p>\n
In addition to PEPE, some other meme coins have generated significant profit in recent times, even amidst the general crypto market dump.\u00a0<\/span><\/p>\n
Examples of such tokens include Tamadoge (TAMA), ArbDoge AI (AIDOGE), and Good Gensler (GENSLR), which have gained by 160.34%, 608.36%, and 1719.46%, respectively, in the last seven days.\u00a0<\/span><\/p>\n
According to a report<\/a> by on-chain analytics firm, Santiment, meme keywords such as \u201cpepe\u201d, and \u201cbaby doge\u201d have trended at a high frequency in the past week, demonstrating the growing interest in the memecoin market.\u00a0<\/span><\/p>\n
\"Source: Santiment<\/a><\/span><\/pre>\n
Unfortunately, prominent memecoins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have been well affected by the market\u2019s general mood, recording losses to the tune of 10.88% and 10.00% in the last week.<\/span><\/p>\n
Featured Image: Bitcoinist, Chart from Tradingview<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"
PepeCoin (PEPE), a newly launched memecoin, has been a focal point of investors’ interest in the last few days due to its massive market gains. In a crypto market that is generally bleeding red, PepeCoin, along with a host of other memecoins, has been quite profitable for investors.\u00a0 PEPE Gains 42% In 24 Hours According to data from CoinMarketCap, PEPE\u2019s market price has increased by 42.03% in the last day, making it one of the biggest gainers in the crypto space. More interestingly, PEPE has gained over 528.17% following its launch on Monday, April 17. As earlier stated, PepeCoin (PEPE) is a memecoin; however, it differs from most popular memecoins as it was inspired by the cartoon character Pepe the Frog rather than the Shiba Inu dog. According to the bio on its official Twitter handle, PEPE is described as \u201cthe most memeable memecoin in existence\u201d by its developers. Interest quickly grew around PEPE following a high-profile purchase that saw an investor reap nearly 4,500 times his initial investment.\u00a0 Barely days after purchasing 5.9 trillion PEPE tokens with 0.125 ETH, valued at $250, this memecoin investor saw his investment surge to a peak value of $1.8 million. As expected, this led to a massive influx of investors into the PEPE market as everyone is seeking to make a quick profit. Related Reading: Solana (SOL) Plunges Over 13% \u2013 Will It Bounce Back? However, there is still much concern about PEPE, as with all memecoins. For PepeCoin, its major concerns center on the currently low liquidity of the token. Without a moderate liquidity level, it may be hard for investors to convert their tokens to profit regardless of how high their value rises. At the time of writing, PepeCoin is trading around 0.0000003341, with a daily trading volume of $87.98 million. Based on additional data from CoinMarketCap, the token has also attained an impressive market value of $145.66 million.\u00a0 PEPE trading at $0.000000349 | Source: PEPEUSDT chart on Tradingview.com Related Reading: Polkadot (DOT) Price Slumps Below $6 \u2013 Any Chances For Reversal? Memecoins Record Heavy Gains, Draw Investors\u2019 Interest Memecoins are a type of cryptocurrency based on internet memes and are promoted majorly by celebrities’ engagements. While these tokens are usually criticized for their lack of utility, they can serve as a source of quick and large gains – especially upon launch – as seen with PepeCoin. In addition to PEPE, some other meme coins have generated significant profit in recent times, even amidst the general crypto market dump.\u00a0 Examples of such tokens include Tamadoge (TAMA), ArbDoge AI (AIDOGE), and Good Gensler (GENSLR), which have gained by 160.34%, 608.36%, and 1719.46%, respectively, in the last seven days.\u00a0 According to a report by on-chain analytics firm, Santiment, meme keywords such as \u201cpepe\u201d, and \u201cbaby doge\u201d have trended at a high frequency in the past week, demonstrating the growing interest in the memecoin market.\u00a0 Source: Santiment Unfortunately, prominent memecoins such as Dogecoin (DOGE) and Shiba Inu (SHIB) have been well affected by the market\u2019s general mood, recording losses to the tune of 10.88% and 10.00% in the last week. Featured Image: Bitcoinist, Chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":528206,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[2139,85699,88145,88156],"class_list":["post-528157","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-gains","tag-memecoin","tag-pepe","tag-pepecoin"],"acf":[],"yoast_head":"\nPepeCoin (PEPE) Rallies By 42% As Interest In Memecoins Rises PepeCoin (PEPE) Rallies By 42% As Interest In Memecoins Rises<\/title>\n<meta name=\"description\" content=\"PepeCoin (PEPE), a newly launched memecoin, has been a focal point of investors' interest in the last few days due to its massive market gains. 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. 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