Therapy in the wave of strengthening meme coin $pepe, does it have the same growth potential as $shiba or $doge last season?
Below is a review of Pepe according to my personal opinion: What is Pepe meme coin?
The pepe coin meme is a digital coin based on the image of Pepe the Frog, a popular internet meme from the early 21st century. Pepe was released on the Ethereum platform on April 17, 2023 and has increased in price. Very quickly in the first three days, reaching 21,000% Regarding Pepe's growth potential, it can be said that this is a very unique coin and attracting the attention of the crypto community. Pepe has some outstanding features such as:
- No taxes are applied to users, unlike some other meme coins.
- There is a redistribution system for long-term pepe holders, encouraging users not to sell early.
- There is a burning mechanism to maintain the scarcity of pepe. The total number of pepes is 420 rates and there are no more out.
- There is a three-phase development plan, including listing on the market. However, Pepe also faces a number of risks and challenges such as:
- Fierce competition from other meme coins such as Shiba Inu or Dogecoin , has a larger fan base and more prestige.
- The high volatility of the cryptocurrency market can cause price drops at any time.
- The lack of transparency of the Pepe development team makes it difficult for users to trust the project.
- The connection to Pepe the Frog, a meme with a controversial history and considered a symbol of the far-right movement to grow, there are many other factors but Pepe is still a creature with potential and potential. a very large community.
Source: phan ft on tweet
