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Pepe 2.0: Is Pepe a Good Coin?

The meme coin season is already underway and shows no signs of abating. With coins like Pepe seeing massive price increases in recent months, new coins continue to surge each week. Pepe 2.0 and Shib 2.0 are two recent instances, both of which have surged in price a few days ago. Many crypto analysts have already claimed that Pepe 2.0 may become the number one meme coin on the market. Let’s take a closer look at Pepe 2.0 and the reasons for its popularity.

Pepe 2.0: A Copycat of PEPE Coin?

Pepe is a unique meme coin project created to honor the renowned and irreverent cartoon character Pepe the Frog. The character, created by artist Matt Furie, has been an important cultural symbol for nearly two decades. What does Pepe coin do? Pepe uses a deflationary mechanism in which a tiny percentage of tokens are burned with each transaction in order to generate scarcity and perhaps boost the value of the remaining tokens over time.

Pepe 2.0 ($PEPE2.0) is a cryptocurrency that is part of a growing trend of clones of popular meme coins such as Pepe Coin ($PEPE). In April 2023, the first Pepe debuted on the Ethereum (ETH) blockchain. Pepe 2.0 was launched two months later. Pepe 2.0 has a total supply of 420,690,000,000,000 tokens. At the moment, Pepe 2.0 is worth $0.00000006122. Just like the initial project, Pepe 2.0 features a Twitter account full of memes dedicated to Pepe the Frog.

Pepe 2.0 provides a unique opportunity for people who may have missed the initial wave of PEPE gains, giving them a second chance to benefit. Pepe 2.0 was brought to life by wallet addresses that had been omitted by the developer of the original Pepe coin. The founders of Pepe 2.0 have given up authority over the token's contract, putting the project completely under community control.

Who Made Pepe Coin?

Pepe 2.0 launched on June 27 with the goal of recreating Pepe Coin’s attempt at reaching a $1 billion market cap. The token currently trades on several centralized exchanges, including  LBank, Bitrue, Bybit, Bitget, and BitMart.

Initially, PEPE Coin was established by an unknown individual or group of developers. They have chosen to stay fully anonymous, as have many other meme currency developers on the market. The official PEPE website specifically states that the crypto project has no affiliation with Pepe the Frog creator Matt Furie. The creators of Pepe 2.0 also remain anonymous.

How Did Pepe Coin 2.0 Get So Big?

First and foremost, the legacy of the original Pepe token plays a significant role in igniting interest in its successor. According to the data, the volume of PEPE 2.0 has increased by 1,261% since its initial daily recorded volume. This gives a sense of how much it has grown in such a short period of time. 

Several other meme coins have tried to mimic PEPE's formula for success. It is the same method utilized by previous successful meme coins, however, not all attempts are successful. PEPE 2.0 is possibly the most recent attempt that has had some success. It has a real possibility of becoming the next big meme coin: according to recent research, the volume of Pepe 2.0 has been so strong that it has surpassed Shiba Inu's daily volume at some time. In summary, it became the most popular meme coin in terms of daily volume. 

The properties of new-generation meme coins are intriguing. As a rule, they have an early period in which whales buy feverishly, dramatically increasing visibility and volume. Once they reach critical mass, they begin to attract retail traders and the coin surges in price.

At this point, the emphasis is on profit-taking rather than long-term prospects. This could explain why these new meme coins have faded after a brief period of success. What happens to Pepe 2.0 next? It’s common for early investors to secure exit liquidity. This is the moment at which meme coins begin to seek liquidity from exchanges. The ultimate goal of exit liquidity is to be listed on major markets. This stage is frequently marked by a sudden spike in popularity as a result of strong marketing. Following that is retail activity, which provides the aforementioned liquidity.

Meanwhile, A savvy meme coin trader has managed to multiply an initial investment of around $12,000 into a whopping $1.05 million within just ten days using the meme-inspired cryptocurrency Pepe 2.0 ($PEPE2), which saw its value rise significantly over the last week.

Does Pepe Coin 2.0 Have a Future?

Pepe 2.0 is preparing to release an outstanding NFT collection, complete with gorgeous artwork and special digital elements. Each meticulously created NFT promises a one-of-a-kind and stimulating digital ownership experience. Users could previously mint a Pepe 2.0 NFT by visiting the Mint NFTs website.

It’s quite possible that the current bull run for the newly launched coin may not be its last. Unlike the original Pepe coin project, Pepe 2.0 charges a 1% tax on all transactions. According to its official website, the tax collected will be used to contribute to various developments for the project, such as community, liquidity pool support, and marketing efforts. However, Pepe 2.0 currently does not support staking, the project cannot issue new coins and it does not have a built-in mechanism to burn existing tokens, which is essential to increase its value.

What Is the Prediction for Pepe Crypto?

PricePrediction experts believe that by 2032, PEPE coin will reach $0.00006415, while their prediction for PEPE2.0 for the same year is $0.00000001. 

Will Pepe coin skyrocket? It’s possible. Pepe 2.0 has shown encouraging prospects as a meme coin investment, gaining significant traction in the crypto world as seen by significant trade volumes and increasing popularity on Crypto Twitter. The choice of the project to forego ownership of the token's contract from the start, so preventing the potential of a blacklist function, is a great step towards decentralization and investor security. However, the coin is extremely volatile, just like all meme coin crypto projects.

The original PepeCoin hit a peak market cap of $1.5 billion, but the market cap of Pepe 2.0 is still only $57 million. That suggests the token has a lot of room to run, potentially even room to 20X from today’s price. Whether that can happen depends on whether Pepe 2.0 has another pump in it. The token has already jumped nearly 100X from its launch price. The token’s gains have slowed down in the past several hours, but this could just be a temporary break as traders catch their breath.

How to Buy Pepe Coin?

StealthEX is here to help you buy PEPE crypto. You can do this privately and without the need to sign up for the service. Our crypto collection has more than 1200 different coins and you can do wallet-to-wallet transfers instantly and problem-free.

Just go to StealthEX and follow these easy steps:

1. Choose the pair and the amount you want to exchange. For instance, BTC to PEPE.
2. Press the “Start exchange” button.
3. Provide the recipient address to transfer your crypto to.
4. Process the transaction.
5. Receive your crypto coins.

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Don’t forget to do your own research before buying any crypto. The views and opinions expressed in this article are solely those of the author.