#BTCWhaleMovement Pepe is a meme coin favored for trading due to its high volatility. What will its trading volume change over the course of a year and decades? We'll explain this in today's article.

What is Pepe?

Pepe is a meme coin created in 2023 by the team behind the famous Pepe the Frog character. It operates on the Ethereum network and is an ERC-20 token.

In terms of usage, Pepe is like any other meme coin: it doesn't have a large technical base, but it's widely popular due to its strong community and buzz. Like Dogecoin and Shiba Inu, the coin responds particularly sensitively to mentions by celebrities and social media trends.

Therefore, Pepe is an interesting asset that has already made it to the list of the largest cryptocurrencies by market capitalization. Its ecosystem is expected to continue developing in the future, which will further increase demand for Pepe.

What does the price of Pepe depend on?

The value of PEPE is determined by supply and demand, as is the case with all cryptocurrencies. Several factors influence supply and demand.

First, because PEPE is a meme coin, community activity is of utmost importance. The greater the social media buzz around the asset, the greater the likelihood that its price will rise.

Second, the overall state of the cryptocurrency market is very important. When the market is in a bullish phase, interest increases, while when it is in a bearish phase, buyer interest decreases, and thus the price of PEPE and other crypto assets decreases.