Sat, 1/06/2024 – 10:00

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What is PEPE?

The creators of PEPE, a meme coin built on the Ethereum platform, remain unknown but their creation has already made a significant impact since its launch in April 2023. PEPE initially started trading at a price of approximately $0.00000000 on April 15, 2023. Within a span of two weeks, it has risen to become one of the top 100 cryptocurrencies by market cap, currently sitting at number 70.

PEPE’s market cap exceeded $1 billion in a mere 20 days following its establishment, demonstrating an astonishing increase of 7,000% in just 17 days. This remarkable growth has left a significant impact on the world of crypto meme coins.

The token based on risk has recently claimed the top spot as the most profitable coin inspired by memes. It is uncertain if the current surge will result in a significant downfall. Nonetheless, various signs suggest that PEPE may have some significant events in store for June.

PEPE price history

The PEPE coin incorporates a deflationary process, eliminating a small portion of tokens with each transaction to generate rarity and potentially enhance the value of the remaining tokens in the future.

This platform utilizes a redistribution method in which a percentage of each transaction is distributed to current token holders, encouraging user involvement and sustained investment in the long run.

The cost of PEPE has undergone significant changes within just 24 hours, with increases of more than 40% and sharp decreases. The most significant drop occurred in January 2024, causing the coin’s worth to decrease by almost 50%.

But it experienced a significant rise in March, followed by a decline in March and April, before picking up speed in May, despite the overall trend in the cryptocurrency market.

The rally started towards the end of April and picked up steam when PEPE exceeded the daily MA 50 at a price of $0.000073. On May 27, the value rose to a record high of $0.00001725, showing a significant 88% growth since the SEC approved the Ether ETF applications on May 20.

The coin with a frog motif has brought positive returns for its owners in the previous month. Currently, 91.59% of PEPE addresses, which translates to 227,990 holders, are experiencing profits. A further 5.32% of addresses, equivalent to 13,250 holders, are at a breakeven point with the current value of each token being approximately $0.0000144.

In the late month of May 2024, the graph indicates a possible correction on a monthly basis. The main question is whether the upward trend will continue in the month of June.

PEPE price prediction

Pepe is now