Nexo, a prominent cryptocurrency exchange and lending platform, has recently announced that it is now offering the Pepe (PEPE) token, which is inspired by the popular internet meme character, Pepe the Frog. Known as “the most memeable memecoin in existence,” PEPE has quickly gained popularity in the crypto community.
Nexo provides a range of features for users interested in Pepe. On their official website, users can easily and securely purchase Pepe using credit/debit cards or instant bank transfers, with a minimum investment of just $1. Nexo also offers up to 0.5% cashback on Pepe purchases and ensures there are no hidden fees, offering competitive market prices compared to other top crypto exchanges worldwide. The platform supports instant SEPA and FPS transfers for Pepe transactions.
At the moment, Pepe is priced at $0.00001 on Nexo, experiencing a 6.79% decline in the past 24 hours. However, Pepe still holds a market capitalization of approximately $5.94 billion, ranking 23rd by market cap. The 24-hour trading volume for Pepe exceeds $798 million, and while its all-time high price was $0.00002, PEPE has since dropped 17.64% from that peak.
Nexo offers various options for users to make the most of their Pepe holdings. Users can easily exchange any supported asset for PEPE on Nexo without any fees and at a fixed execution price. The platform also allows users to borrow funds starting at 2.9% APR without selling their PEPE holdings, thanks to the Instant Crypto Credit Lines feature.
In addition, users can spend the value of their Pepe and earn up to 2% back in crypto rewards. The Nexo Booster feature enables customers to leverage their Pepe holdings to acquire up to three times more of other desired cryptocurrencies. Furthermore, Nexo facilitates free and instant PEPE transfers between users who have Nexo accounts.
Despite a recent global market correction, Pepe has exceeded expectations and secured a position among the top 20 cryptocurrencies by market capitalization, according to reports by The Crypto Basic. CoinMarketCap data shows that PEPE has seen an impressive 825% increase in value over the past year. Introduced in April 2023, the frog-inspired token quickly gained momentum, reaching a $1 billion market cap within a few weeks of its launch.
Currently, PEPE holds a strong presence in the meme coin market, with a valuation of $5.8 billion. This growth trajectory has established PEPE as one of the most successful and noteworthy meme coin debuts in 2023, surpassing several competitors in the same niche.
Please note that this content is for informational purposes only and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not necessarily reflect the opinions of The Crypto Basic. It is recommended that readers conduct thorough research before making any investment decisions, and The Crypto Basic is not liable for any financial losses that may occur.