Pepe 2.0 has taken the cryptocurrency market by storm, surpassing a market capitalization of $30 million and recording a trading volume of $27 million. Presently, according to Coinmarketcap, Pepe 2.0 is valued at $0.00000009214, a staggering increase of 450.58% within the last 24 hours.
Having been introduced recently, the coin’s value has skyrocketed by 54,000% in a short period. This meteoric rise has left market players and spectators wondering if it’s the new Pepe coin.
The newly formed pool for Pepe 2.0 on DEXTools indicates a market capital of over $3 million and total liquidity exceeding $192,000. Currently, the coin supply stands at 420690.00B PEPE2.0, with an estimated 1.20k token holders.
Pepe 2.0, a fresh entrant in the market, is causing quite a stir on Uniswap. It’s already creating a buzz in the crypto community, leading to widespread speculation about it being the next big thing in meme coins. The description on Coinmarketcap states, “it will redo the run-up to a $1 billion market cap,” a claim our analysis suggests is ambitious.
What is Pepe 2.0?
Coinmarketcap portrays it as a coin that aims to “make things right” and replicate its billion-dollar success. It reads: “Learning from past tokens mistakes, blacklisting some investors, launching on a weekend when you were spending time with your family and friends… he’s a new version of himself, he is now PEPE 2.0. #PEPE2”.
With a driven team, solid experience, and substantial personal funds, the project has carefully dissected the meme coin industry. Their goal is to avoid previous errors in their pursuit of a billion-dollar valuation. Pepe 2.0 also highlights why they differ in the market: “utilities secured, branding on point, and an outreach second to none.” It indeed appears to be one of the most promising new meme coins on the market based on these features.
Currently, it boasts more than 7000 holders, as indicated by PEPE 2.0’s Twitter account.
The Future of Pepe 2.0’s Uptrend: Will it Persist?
Pepe 2.0 asserts to have an adept team with the right skills and intention to make Pepe 2.0 the next sensation, which could contribute to the coin’s soaring value.
Moreover, the team has the necessary resources, thanks to “decent personal funds”. Coupled with their branding efforts, outreach activities, and the utility they’ve already created for the coin, it’s not surprising that the coin has experienced an enormous surge.
However, the aspirations surrounding a 1 billion dollar market cap seem far-fetched at the moment. When it first emerged, Pepecoin did surprise the market with a $1 billion market cap. Notably, an early Pepe investor who invested $250 in ETH managed to turn a profit of $1.02 million.
In contrast, Pepe 2.0 lacks the market valuation to reach Pepecoin’s levels, but a significant price increase in the future is possible. The project’s reliability, based on the DEXTools community trust page, averages 77 out of 99 and has received 90% positive votes.
Investing in Pepe 2.0 and the Meme Coin Trajectory
The meme coin season has seen a successful run in the past. Many meme coins witnessed drastic growth and delivered impressive returns on investments. However, a consistent pattern seems to emerge with meme coins.
These coins, often considered low-cap gems, skyrocket during pre-sale or initial listing, yielding significant profits for quick-acting investors. However, they typically experience a price correction and plummet shortly after their substantial rise. Pepe 2.0 appears to be an exception to this trend.
The recent upheaval in the cryptocurrency market has negatively affected many meme coins, with prices dropping considerably from their all-time highs. For instance, the SpongeBob token has seen a decline of more than 85% in just a month. PEPE’s market capitalization has also fallen by 7% in a short period.
Pepe 2.0 might appeal to investors who missed previous opportunities to buy low and sell high. However, they must remember that the crypto market is volatile, and price changes are frequent. Despite the Pepe 2.0 team’s high hopes for the coin’s growth potential, we advise you to invest with caution.