Pepeto vs Pepe: Road to 100x Meme Coins in Presale!

Metaverse Information Bureau News: Pepeto is growing rapidly in presale! What are the chances of it surpassing Pepe and Little Pepe? High expectations! #Pepeto #MemeCoin #Cryptocurrency

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Hello, I'm Jon, a Web3 blogger!
Have you seen a green frog character on your X (formerly Twitter) timeline recently? This is a meme coin known as "Pepe," which took the cryptocurrency world by storm in 2023.

There are optimistic rumors flying around, such as "Who's the next Pepe?" and "This coin will grow 100 times!", but what exactly is going on?

This time, we will look back at the history of "Pepe," which has had a major impact on the world of meme coins, from its appearance to the present, and explain in an easy-to-understand manner even for beginners the recent trends in the meme coin market and how we should approach it!

Past: The Pepe craze was born from an internet meme

It all started with the internet meme "Pepe the Frog"

To understand the story of the Pepe coin, you first need to know about its origins: the internet meme "Pepe the Frog." The character originally appeared in Matt Furie's comic "Boys Club" in 2005. Since then, from the late 2000s, it has become widely used on international internet message boards such as MySpace and 4chan, and has spread around the world as a versatile character capable of expressing a variety of emotions.

It's a meme with a complicated history, initially symbolizing pure humor but sometimes taking on political contexts, and this widespread cultural context helped pave the way for the explosive growth of the Pepe coin that would later emerge.

A shocking debut into the cryptocurrency market in spring 2023

Amid this, the cryptocurrency PEPE Coin was launched in April 2023. Its official website declared, "The era of dogs is over. It's time for the most recognizable meme to reign as king," clearly expressing its rivalry with "dog meme coins" such as Dogecoin and Shiba Inu, which were dominating the market at the time.

PepeCoin does not have any specific function or utility, but rather aims to gain support from the community purely based on its cultural value as a meme, that is, its "funness."

This strategy was an astonishing success. Just three weeks after its launch, its market capitalization exceeded $3 billion (over 10 billion yen at the time). It was listed on major cryptocurrency exchanges around the world, including Binance, and brought huge profits to many early investors, instantly making its name known around the world.

Present: Impact of Pepe's success and market trends

The search for the next Pepe and the proliferation of copycat coins

The historic success of Pepecoin has created a frenzy in the cryptocurrency market for a "Pepe-like success again," resulting in the creation of countless coins that are either similar to Pepe or simply copycats of the name.

For example, new frog-themed projects are appearing one after another, such as derivative coins like "PEPE 2.0" and "Baby Pepe," and "Pepeto," which was advertised in the overseas media we used as reference when writing this article. Many of these projects arePresale (pre-sale before listing on the exchange)They will call for investment with catchy phrases such as "The next 100x coin."

However, most of these coins do not have the same community enthusiasm or cultural background as the original Pepe, and many are created for short-term speculative purposes."Rag Pull (Exit Fraud)"You need to be very careful because there are also malicious projects like these mixed in.

Is the stage moving from Ethereum to Solana? The new trend in meme coins

Pepe coin is mainlyEthereumWhile Ethereum is highly reliable, it has the problem of transaction fees (gas fees) easily rising.

Recently, to solve this problem, faster and cheaperSolanaThe movement to create meme coins on the blockchain is gaining momentum. From the end of 2023 to 2024, Solana-based meme coins such as "Bonk (BONK)" and "dogwifhat (WIF)" attracted a lot of attention and rose to the top of the market capitalization rankings, which is a symbolic event.

As such, the platforms on which meme coins are created are becoming more diverse, and technological trends are currently influencing the popularity of meme coins.

The Future: What Meme Coins Will Look Like and What We Need to Know

Cultural value and speculative risk

When considering the future of the meme coin market, it is important to understand the two aspects of "culture" and "speculation." Meme coins are not just digital assets, but also symbolize the humor and solidarity of a particular community."Culture Coin"A coin that is supported by a strong and active community may have price fluctuations but still survive as a culture.

On the other hand, meme coins are essentiallyVolatility (price fluctuations)With extremely high costs and no clear value backing, there is always the risk that the price will drop to zero. Many projects lack concrete roadmaps or technological innovations.

Looking ahead: The era of shakeout and the importance of "DYOR"

It is expected that meme coins will continue to appear whenever a new meme emerges on the internet, but many of these will likely be a passing fad and then be forgotten.

Ultimately, the only projects that will survive are those that are not only interesting, but also maintain a strong community and continue to attract people's attention in some way. As the market matures, the selection of projects will likely become even more rapid.

That's why the most important thing for us as investors and users is“DYOR (Do Your Own Research)”In other words, the attitude of "do your own research" is important. Don't invest just because someone says it will be profitable, but read the project's official website and white paper (business plan) and see for yourself whether the activities of the community (X, Discord, etc.) are genuine. This is the only way to protect your assets in this exciting and dangerous market.

Jon's Summary

Pepe's success has proven that the cultural power of memes has the power to move financial markets, but it has also highlighted the issues of easy imitation and excessive speculation. Meme coins are a very interesting phenomenon that represents a unique part of Web3 culture, but if you are getting involved in them as an investment, you should be sure to fully understand the risks behind them and do thorough self-research.

This article has been compiled and fact-checked by the author based on the following publicly available information:

Pepeto: The next 100x meme coin? Could it surpass Pepe vs Little Pepe?