Pepe (PEPE) is a digital asset that launched in April 2023 as an ERC-20 Ethereum memecoin. Inspired by the widely recognized yet controversial meme "Pepe the Frog," Pepe quickly gained attention within the cryptocurrency community. Although fundamentally a memecoin, it has unique features and economic strategies distinct from many traditional cryptocurrencies.
Tokenomics and Functionality
Pepe implements a deflationary mechanism whereby a small percentage of tokens are burned with each transaction. This approach aims to reduce the overall token supply, potentially enhancing the value of the remaining tokens over time. Initially, Pepe also featured a redistribution system, rewarding existing token holders with a portion of every transaction. This system was designed to incentivize long-term holding but has been under review for potential discontinuation. Unique to Pepe, there is a no-tax policy on transactions, which sets it apart by not imposing additional costs on transfers, promoting more straightforward and accessible interactions for users.
Market Dynamics and Risks
Pepe achieved a significant market capitalization of $5 billion shortly after its launch, indicating a robust initial interest. However, it has faced challenges, including volatile price movements and speculative trading, common among memecoins. In August 2023, concerns arose when a large number of tokens were moved to exchanges from the project's wallet, causing a dip in price and raising questions about the token's stability and the intentions behind the transfer.
Upon its launch, Pepe was initially made available through liquidity pools on decentralized exchanges (DEXs) like Uniswap. This method allows users to trade tokens directly from wallets without the need for traditional brokerage or exchange services, providing immediate market access and enhancing liquidity. Liquidity pools are critical as they help stabilize the token’s price by providing enough volume for trading, reducing price slippage during transactions.
Regulatory and Competitive Landscape
Competition within the memecoin space is fierce, with new entrants like Pepe 2.0, which includes a 1% transaction tax for marketing and community development. Pepe’s no-tax policy could be seen as both a competitive advantage and a challenge, depending on market conditions and user preferences.
Despite its challenges, Pepe continues to push forward with its roadmap, which includes initiatives like community partnerships, exchange listings, and educational efforts through a proposed Pepe Academy. These efforts are part of the broader strategy to enhance its utility and secure a stable position in the highly fluctuating memecoin market.
Pepe remains a high-risk investment option, characteristic of the broader memecoin category, which is known for its high volatility and market sensitivity. Investors on ICONOMI should be aware of the speculative nature of such assets and consider their personal risk tolerance and the overall impact of market trends on memecoin valuations.
How To Buy Pepe or Add it to your Strategy
The fastest, most convenient way to purchase Pepe is to purchase it on ICONOMI. We check Pepe live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Pepe by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Pepe is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Pepe, we recommend you read the next section, as copying might be a better approach.
Add Pepe to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Pepe in their structure.
@TDj_Slo not sure what exactly do you want to know🤷♂️ as mentioned in the update, meme coins continue to be an important narrative of this cycle so having one as part if the EW strategy seems like a good idea. Its a complete opposite to the institutional narrative and something we believe will stay relevant in the months to come. We decided for Pepe because of its liquidity, volatility and popularity.