$USDC vs $PEPE

The Pepe cryptocurrency (PEPE) is a "memecoin" that was launched in April 2023. Its main feature and what gives it value is that it is inspired by the famous internet meme "Pepe the Frog."

Here I explain the key points to understand what the Pepe cryptocurrency is:

Origin as a Meme: Unlike other cryptocurrencies with a specific technological or financial purpose, Pepe was created purely as a joke or a tribute to the popular meme of Pepe the Frog. Its value is based on speculation, popularity, and the enthusiasm of its online community.

Speculative and Volatile Nature: Like many memecoins, the price of Pepe is extremely volatile and can experience rapid and drastic changes. This is because its value largely depends on trends on social media and community sentiment. It has no "intrinsic value" or practical use beyond being a digital asset for buying, holding, and trading.

Based on Ethereum (ERC-20 Token): Pepe operates on the Ethereum blockchain as an ERC-20 token. This means it shares characteristics with other Ethereum tokens and can integrate with DeFi (decentralized finance) platforms and decentralized exchanges (DEX).