JAKARTA - The increasingly dynamic crypto market, an unexpected newcomer, PEPE, has created a sensation in 2024. PEPE, a memecoin featuring iconic frog characters, has managed to overcome various obstacles to emerge as one of the interesting crypto assets in the crypto market. Its skyrocketing popularity has surpassed big names like Dogecoin and Shiba Inu, attracting the attention of investors around the world.
When it first appeared in the crypto market, PEPE was only slightly predicted to achieve great success. However, this memecoin quickly gained momentum, up to third in capitalization among memecoins, with a value increase of more than 10 times since the start of the year.
While in the last 24 hours, PEPE has also outperformed Dogecoin and Shiba Inu in transaction volume, making it the new king in the world a memecoin. During 2024, PEPE increased by 820 percent at a highest price of $0.00017256.
Oscar Darmawan, CEO of INDODAX, gave his views on the PEPE phenomenon.
"The presence of PEPE in the crypto market shows how dynamic and unexpected the crypto world is. The success of this memecoin is driven by a community full of enthusiasm and creativity. This reminds us that community innovation and engagement play an important role in the crypto ecosystem," said Oscar, in a written statement, Saturday, June 14.
Different from traditional players in the financial market, thousands of fans who are attracted to the unique and eccentric aspects of this memecoin have pushed for their value. Gathering in various online forums and social media groups, PEPE fans show strong engagement and loyalty, continuing to spark interest in their favorite cryptocurrencies.
Oscar Darmawan also added that the PEPE phenomenon is proof of how sentiment and the digital world can significantly affect the market. For investors, it is important to remain wise and always do research before investing.
"Although memecoins like PEPE offer huge profits, the risks that accompany them are also high. Investors must consider this carefully," he explained.
SEE ALSO:
Since May 18, 2023, PEPE itself has been trading on the INDODAX exchange platform. Currently, PEPE ranks number 1 memecoin on INDODAX. PEPE trading volume on INDODAX since early 2024 is IDR 4.049 trillion. Traders and investors can also transact easily after conducting independent research (DYOR) and consider buying and selling PEPE according to their respective strategies.
In addition, INDODAX also provides free educational platforms that can be accessed through the INDODAX website, YouTube and social media.
"We are committed to providing information and education about crypto, from crypto to analysis, the INDODAX platform can be used for users to get to know crypto more deeply together," he concluded.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
