PEPE has already received the nickname of Dogecoin and Shiba Inu Killer is one of the trendiest crypto at the moment. This has caused the demand to buy PEPE in India by huge amount. Just like any other meme coin, PEPE is also based on a meme i.e. the sad frog meme. PEPE made its public debut on April 16, 2023, discreetly and without any presale. It’s interesting to note that the authors of the coin desire to maintain their anonymity and that there is no formal team behind them, as mentioned on the meme coins website. The “Pepe the Frog” meme, which shot to fame in the 2010s, served as inspiration for the token.
Why Buy PEPE Coin In India?
Meme coins easily gain the attention of the crypto users and the same goes for the PEPE as well. But before buying any crypto a person should do proper research and only buy the crypto based on that research and knowledge, not on the influence of others. Let’s discuss why people are excited to buy PEPEs in India.
Factors That Helped PEPE To Receive Such Popularity
- Redistribution and burning properties
Pepe uses a strategy of redistribution that is advantageous to long-term investors. Furthermore, the PEPE keeps tokens scarce by burning them frequently despite having a maximum supply of nearly 420 trillion coins.
- High Quantity
Even after burning and redistribution properties of the coin, it has a maximum supply of 420,690,000,000,000 coins. And because of such quantity, it is quite accessible to own the meme coin.
- Low Price
Due to large quantities and easy availability the prices of PEPE are quite low. At the moment the price of 1 PEPE is ₹0.0002539 (according to coinmarketcap).
- Projects No Tax Policy
The project has a “no taxes” policy, eliminating the need for excessive gas fees when trading for PEPEs. The catchphrase for the Pepe meme currency is “no taxes, no bullshit.” Only if a user uses the network excessively would they want or need to be charged these fees.
What Can Risk The Growth Of PEPE?
- Changing Trends
Meme coins are extremely well-liked by people, and new coins are always creating, and changing trends. Pepe may therefore eventually be forgotten with the introduction of other cryptocurrencies. This meme coin won’t just vanish at random one day, although prices might fall for a while.
- Easy Availability Leads To Limited Growth
Since there is a large supply and it is simple for anybody to use or purchase, there is no place for demand, yet the price of cryptocurrency is heavily influenced by demand. The restricted growth of Pepe is due to the prices not rising significantly if the demand is easily met.
- Volatility Issues
Pepe gained almost overnight popularity where the token saw a surge of over 1962% in just a few months. This can be quite common in case me meme coins but this does arise some volatility concerns. DYOR research before investing in any digital asset.
How Can You Buy PEPE Coin On Suncrypto
You can easily buy PEPE on Suncrypto, just follow the below-mentioned steps to get your PEPEs instantly.
- Install the Suncrypto app from the App Store or Play Store.
- Fill out the necessary details to complete the KYC process.
- Deposit money into your Suncrypto account to purchase cryptocurrencies on the platform.
- Use the search feature to look up the PEPE.
- Choose the quantity, then click “buy.”
- And you have completed the buying process.
And if you already have the application downloaded you can directly buy the PEPE on Suncrypto.
Final Thought
Pepe coin has gained quite a success unjust the few days becoming one of the top meme coins. What makes it even more unique is that the team has dispersed around 93.1% of the liquidity pool and allocated 6.9% to a multi-sig wallet held by the development team. Now we will have to see whether it will maintain its prices or not.
For more information on how to buy PEPE in India, check-out Suncrypto Academy.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. All content provided is for informational purposes only, and shall not be relied upon as financial/investment advice. Opinions shared, if any, are only shared for information and education purposes. Although the best efforts have been made to ensure all information is accurate and up to date. Occasionally unintended errors or misprints may occur. We recommend you to please do your own research or consult an expert before making any investment decision. You may write to us at [email protected].
