Pepe coingecko

Welcome back to Distributed Ledger. This is Frances Yue, crypto and markets reporter at MarketWatch.

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Pepe coingecko

Disclaimer: This page may contain affiliate links. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. Please refer to Affiliate Disclosure. PEPE is a deflationary memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early s. The project aims to capitalize on the popularity of meme coins, like Shiba Inu and Dogecoin , and strives to establish itself as one of the top meme-based cryptocurrencies. PEPE appeals to the cryptocurrency community by instituting a no-tax policy and being up-front about its lack of utility, keeping things pure and simple as a memecoin. It has induced what some may dub a "memecoin season," causing other memecoins — some launched within hours — to go on spectacular pumps and just as astounding dumps. It remains to be seen if PEPE and other memecoins will go on to new highs, although that is certainly the hope of many believers waiting for the coming BTC halving cycle praying for a Bull Run. PEPE employs a redistribution system that rewards long-term stakers, offering them incentives to remain committed to the project. This approach encourages coin stability by rewarding users for holding the token rather than selling it quickly. Additionally, PEPE features a burning mechanism whereby a portion of the coins are permanently removed from circulation on a regular basis. This aims to maintain scarcity despite the coin's ,,,, maximum supply. Of the maximum supply,

Stock Picks More Stock Picks. This approach encourages coin stability by rewarding users for holding the token rather than selling it quickly, pepe coingecko.

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Potentially, this may have contributed to the price spike as short positions — or bets that the price of PEPE would fall — were settled. It happens when a trader is unable to meet the margin requirements for a leveraged position fails to have sufficient funds to keep the trade open. Large liquidations can signal a top or bottom of a steep price move, which may allow traders to position themselves accordingly. As such, funding rates in perpetual futures tied to PEPE futures remain negative, indicating the dominance of bearish positions in the derivatives market. A negative funding rate indicates that shorts are dominant and are willing to pay longs to keep their bearish bets open. Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November , CoinDesk was acquired by the Bullish group, owner of Bullish , a regulated, digital assets exchange.

Pepe coingecko

Despite a recent increase in liquidity pool activity, traders were stung at the weekend by an absence of liquidity that resulted in significant slippage for those attempting to convert large amounts of PEPE for other currencies such as ether ETH. Please note that our privacy policy , terms of use , cookies , and do not sell my personal information has been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November , CoinDesk was acquired by the Bullish group, owner of Bullish , a regulated, digital assets exchange. The Bullish group is majority-owned by Block.

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The project's dedication to honoring this character distinguishes it from other cryptocurrencies and strengthens its appeal within the crypto community. Of the maximum supply, Feb 24 Nearly half of major airdrop tokens peak within two weeks: CoinGecko. Show full width. Jan 23 In the past 24 hours, the entire network liquidated million U. PEPE is a deflationary memecoin launched on Ethereum. Jan 03 CoinGecko : Some browser search function issues have been fixed. Memes Show all. Meme coins' rise came as investors "tried to squeeze every last bit of bullish conditions," according to Slater Heil, co-founder and chief operating officer of decentralized-finance platform Blueberry Protocol. Ethereum: 0x Still, when bitcoin "approaches and hits new highs, that's a great reason for the retail interests to come back," Rosenblum said during a call.

Two weeks later, the Pepe coin, whose name comes from a popular meme co-opted by the American alt-right, was released with a total supply of The meaning of these numbers is, ahem, self-evident. Each coin is worth between two- to three-millionths of a dollar.

The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early s. The remaining 6. This is Frances Yue, crypto and markets reporter at MarketWatch. More information. Feb 01 Binance extends its dominance on the spot market in CoinGecko. Despite meme coins' recent rally, the level of retail participation in the crypto market is still much lower than in , when bitcoin last hit a record high, according to Rich Rosenblum, co-founder and president of digital-asset trading firm GSR. Bitcoin had dropped Jan 24 In the past 24 hours, the entire network liquidated million U. What drives the rally Meme coins' rise came as investors "tried to squeeze every last bit of bullish conditions," according to Slater Heil, co-founder and chief operating officer of decentralized-finance platform Blueberry Protocol. Must-reads Bitcoin is halving again in April. The trading of meme coins is highly speculative, Rosenblum added. Morningstar brands and products. Dec 26 Bitcoin market capitalization enters top 15 global currencies. Bullish 1. It remains to be seen if PEPE and other memecoins will go on to new highs, although that is certainly the hope of many believers waiting for the coming BTC halving cycle praying for a Bull Run.