Nexo, a leading cryptocurrency exchange and lending platform, has announced the addition of the meme-inspired Pepe (PEPE) token to its offering.
Nexo, a cryptocurrency exchange and lending platform, has added the meme-inspired PEPE to its offering. Inspired by the popular internet meme character, Pepe the Frog, PEPE has been called “the most popular memecoin in existence.”
@pepecoineth’s $PEPE is now available on Nexo! Let’s explore. ⬇️
The project is called “the most meme-coin in existence,” and is inspired by Pepe the Frog, a popular internet meme.
$PEPE is built on the Ethereum blockchain, and operates as an ERC-20 token with… pic.twitter.com/1WcPqGctzb
– Nexo (@Nexo) June 3, 2024
Investment opportunities and advantages
Nexo It offers multiple features for users who are interested in Pepe. As described on the official website, users can purchase Pepe quickly and securely using credit/debit cards or instant bank transfers, starting with an investment of just $1.
Nexo also offers up to 0.5% cashback on Pepe purchases, guarantees no hidden fees, and charges competitive market prices compared to the top 10 cryptocurrency exchanges globally. The platform supports SEPA (Single European Payments Area) and FPS (Faster Payments Service) instant transfers for Pepe transactions.
During this press period, Pepe’s current price on Nexo is $0.00001, showing a decline of 6.79% over the past 24 hours. Despite this, Pepe’s market cap is around $5.94 billion and ranks 23rd in terms of market cap. Bibi’s trading volume exceeds 24 hours. $798 million. With an all-time high of $0.00002, PEPE’s price is down 17.64% from its peak.
Use Baby on Nexo
Nexo offers a variety of options for users to leverage their Pepe holdings. On Nexo, users can easily exchange any backed assets for PEPE with no fees and a fixed strike price. The platform also makes it easy to borrow money starting at 2.9% APR without having to sell its PEPE holdings, through its instant crypto credit lines feature.
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Additionally, users can spend their Pepe while earning up to 2% in cryptocurrency rewards. The Nexo Booster function allows customers to leverage their Pepe holdings to get up to three times as much as other desired cryptocurrencies. Furthermore, Nexo enables free and instant PEPE transfers between users with Nexo accounts.
Market position of Baby
Despite the recent correction in the global market, Pepe has defied expectations and earned a place among the top 20 cryptocurrencies by market cap, recently. Reports By basic encryption.
According to CoinMarketCap data, PEPE has seen a significant increase in value of 825% over the past year. The frog-inspired token was introduced in April 2023, and quickly gained traction, reaching $1 billion in market capitalization within a few weeks of its launch.
Currently, PEPE maintains a strong presence in the meme market, being valued at $5.8 billion. This growth trajectory has positioned PEPE as one of the most successful and prominent currencies to debut in 2023, Superior Many competitors in the same niche.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinion of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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