As a seasoned researcher and crypto enthusiast who has been closely following the meme coin phenomenon, I find myself utterly intrigued by the recent development of PEPE‘s listing on BitPoint, marking its entry into the Japanese markets. Having witnessed the meteoric rise of Dogecoin (DOGE) and other meme coins, this move seems to be a strategic step towards expanding the crypto ecosystem in Japan and beyond.
PEPE, the pioneering meme coin, has achieved a remarkable milestone by being the first of its kind to penetrate the Japanese market following its addition to BitPoint, a well-respected trading platform that holds a license from Japan’s Financial Services Agency.
At the moment, PEPE stands as the 24th most significant cryptocurrency, boasting a market cap of approximately $4 billion. Now, it’s accessible for immediate trading, lending, and saving opportunities.
BitPoint Lists PEPE
In honor of the addition of the well-known meme coin, PEPE, to its platform, BitPoint is providing two exclusive deals for traders. Firstly, a promotional offer to increase interaction allows up to ten individuals who buy PEPE tokens valued at 10,000 yen each to enter a lottery with a chance to win an extra 100,000 PEPE. This promotion ends on November 27 at 3:59 PM. Secondly, a campaign will be held on BitPoint’s official Twitter handle, where followers can compete for PEPE tokens. The listing of PEPE on BitPoint presents Japanese crypto investors with the opportunity to consider meme coins as investment options and encourages new users to join the expanding cryptocurrency community. Additionally, Wu Blockchain discussed these advancements on its Twitter account.
BitPoint Japan has launched the trading of the meme coin PEPE, making it the first of its kind in Japan to be listed. Users can trade this token, lend it, and invest it through fixed options on the platform. Originating in 2023, PEPE is a cryptocurrency inspired by the internet meme Pepe The Frog.
PEPE’s Burgeoning Popularity
Among the well-known meme-based cryptocurrencies, PEPE stands out alongside coins like DOGE, FLOKI, GOAT, Dogwifhat, and others. What sets PEPE apart is an innovative mechanism where a certain number of tokens are automatically destroyed following every transaction, thus reducing the total supply in circulation and maintaining market balance. This limited supply has attracted many users, generating interest in PEPE.
PEPE’s deflationary design is a deliberate move to ensure its worth remains stable by adhering to the principles of supply and market demand.
A Brief History
Back in April 2023, I jumped aboard the PEPE train, a cryptocurrency named after the iconic “Pepe The Frog” meme. Since then, this meme coin has skyrocketed over 34,000%, currently trading at around $0.0000095. You can find it on all the big exchanges like Binance, OKX, Bybit, and Upbit, with BitPoint being the latest addition. The listing on BitPoint has sparked anticipation among investors, as many are keen to get their hands on this asset, potentially pushing its price upward.
In the last few weeks, PEPE has experienced quite a bit of price fluctuations, and over the past day, its value has dropped nearly 4%.
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2024-10-30 23:06