Emergence of a Fresh Competitor
Pepe Coin, a new meme-inspired cryptocurrency, has shown a significant increase in trading volume and price in just a few days since its creation. According to CoinMarketCap, early investors have seen a 2790% ROI. The digital currency takes inspiration from Pepe the Frog, a popular meme created by Matt Furie for internet culture. However, the meme coin has no relation to Furie and is not his initiative. The price of Pepe Coin reached an all-time high of $0.000000823 before falling to its current price. Although the coin’s reliability is unknown, the trading volume indicates that it is gaining attention. The 24-hour trading volume of Pepe Coin has increased by 253% and currently stands at $215 million, making it the second-highest trading meme coin behind Dogecoin. Concerns have been raised about the reliability of the project, with some claiming that it could be a rug pull. The circulating supply of Pepe Coin is also causing questions to arise about how high it will go. The future of this newly popular meme coin remains uncertain, and only time will tell its destiny.
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