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💎 Crypto Gems: Meme coins are prevalent in the cryptocurrency market, but if I had to choose one for the long term, it would be $PEPE. Here’s why:

🐸 #PEPE

- **Launch date**: April 15, 2024

- **Current Market Cap**: $4.33 billion (as of May 17, 2024)

- **Current Rank**: No. 27 on CoinMarketCap

- **Total Supply**: 420.69 trillion PEPE

- **Current Price**: $0.00001026 USD (as of May 17, 2024)

### Future Challenges for #PEPE

The main hurdle for PEPE is its massive supply of 420 trillion tokens, limiting its potential to grow more than 10x to 50x due to market cap constraints. Recently, there was a significant sell-off as the coin exceeded $0.000011, but the price has since corrected, indicating potential for further gains as #BTC boosts the cryptocurrency market.

### The Solution

The PEPE team is working on a token burn mechanism to reduce supply. If officially implemented, this could significantly enhance PEPE's value, potentially surpassing major competitors like SHIB and DOGE.🐶🐶

BTC: $66,984.33 (+1.45%)

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