$PEPE A Pepe is a cryptocurrency based on the popular internet meme "Pepe the Frog". Therefore, it is considered a memecoin, just like Dogecoin and Shiba Inu Coin. The coin was launched on April 17, 2023, and generated a lot of buzz after its overvaluation, also raising discussions about the high risk of these types of viral coins.
To give you an idea, the market capitalization of Pepe reached US$ 1.6 billion, making it one of the most popular cryptos in the world.
Pepe (PEPE) was created by an anonymous group of developers and cryptocurrency enthusiasts. They were inspired by the popularity of "Pepe the Frog," created by artist Matt Furie, who became a hit on the internet with various memes. Despite borrowing the character, the artist has no relation to the project.
The frog has become a symbol of humor and irreverence on the internet and gave rise to the idea of creating a cryptocurrency based on it.
Those who are familiar with some of the more famous memecoins, like Dogecoin or Shiba Inu Coin, know that the strength of the asset lies in building an engaged community. It is these groups that can speculate and make the coin go viral, influencing the price of Pepe Coin (PEPE).
However, despite its apparent uselessness, according to its developers, the main goal of the Pepe cryptocurrency is to create a platform for trading and sharing memes and images of Pepe the Frog. These memes are called "Rare Pepes" and are treated as collectible digital assets, with some of them potentially being quite valuable. Therefore, when buying Pepe Coin, you should rely on the appreciation of the coin based on the strength of its community.