$Pepe Proves You Can’t Keep a Good Meme Coin Down
Or Something Like That

by: Gideon 6ix

Image of Mascot from $Pepe Website

Meme coins have been both the bane and boon for the cryptocurrency industry. Thousands of them flooded the markets over the past few years, some returning 100x+ for early investors. At the same time, rug pulls, and other cons destroyed market confidence. During the Covid-19 era, crypto trading experienced a lull called crypto winter. No one was sure how long it would last, but light entered the tunnel.

$Pepe launched on the Ethereum blockchain on April 17th, 2023 and has risen 211%. This increase occurred despite openly acknowledging its silliness,

“$PEPE is a meme coin with no intrinsic value or expectation of financial return….the coin is completely useless and for entertainment purposes only.”

It appears that people love transparency. The developers claim that there is no roadmap, yet this is on their homepage while having “Roadmap” clearly displayed at the top of their website:

Image of Roadmap or Rough Sketch from $Pepe Website

They refer to this image as a “rough sketch.” Perhaps market analysis showed the term “roadmap” is out of favor, so they became more creative.

$Pepe is a cryptocurrency inspired by the famous Pepe the Frog meme created by Matt Furie. The meme became popular in the early 2010s. It is a symbol of humor, sarcasm, and rebellion. The spirit of the meme is alive and doing well within this project.

One of the reasons for the success of $Pepe is its unique concept. Meme coins develop as a joke or a parody of popular cryptocurrencies. $Pepe is no different. What differentiates this project from the other meme coins is its Tokenomics. Most meme coins use a tax scheme. This tax may fund LP or a variety of other ill-defined or vaguely defined purposes. $Pepe has boldly instituted a “no-tax” policy.

Image of Tokenomics from $Pepe Website

Another reason for the success of $Pepe was its active and dedicated community. The community comes fully staffed with meme enthusiasts, cryptocurrency traders, and investors who believe in the project’s potential. They actively promoted the coin on social media platforms, and this helped to increase its popularity and value.

$Pepe now has a $400 Million Market Cap and shows no signs of slowing down. Many people feel excited about crypto again, and $Pepe has momentum. The question is will it last? Is it rug-proof? Here are some things about meme coins to consider before buying on the way up.

The Pros and Cons of Meme Coins

Pros:

Accessibility: Meme coins aim to make cryptocurrency trading more accessible to a broader audience. They are usually cheaper than popular cryptocurrencies such as Bitcoin, and this makes it easier for people to invest in them.

Community: Meme coins often have an active and dedicated community, which can help to promote the coin and increase its value.

High-return potential: Meme coins are often volatile. They can experience significant price fluctuations. This volatility can also presents an opportunity for investors to make life-changing returns.

Cons:

Lack of value: Meme coins are often created as jokes or parodies, meaning they may lack real value or utility. This predicament makes them riskier investments, as they may not hold their value over the long term.

High-risk: Meme coins are often volatile and can experience significant price fluctuations. At any moment, the price can drop to ATL. This sink can happen via whales dumping all at once or for no good reason.

Lack of regulation: Meme coins are often unregulated, making them more susceptible to fraud and scams. Investors need to be careful when investing in meme coins, as they may not have the same level of protection as regulated cryptocurrencies.

Semi-Final Thoughts
It can be easy to look at the charts and succumb to all the voices that exclaim, “It’s still early!” It could still be early. It could be too late. Only time will tell. Be careful and considerate when investing and emotionally unattached. This way, you are good; either way.

All the best,

Gideon 6ix