Is PepeDerp The Next Pepe Coin or a Scam? CoinMarketCap's Warning & 3 Better Alternatives (AiDoge, Ecoterra, yPredict)
Due to the increasing frenzy surrounding the meme coin sector, several new meme tokens have emerged.
Following the remarkable Pepe Coin’s price explosion, a similar meme coin called PepeDerp emerged in the crypto space.
Launched on May 21, 2023, PepeDerp’s design combines the Pepe the Frog character and Derp Face.
A few days after its launch, PepeDerp indicated an explosive price run recording more than 200% gains. But the porosity of the meme coin’s smart contract speaks otherwise.
Would PepeDerp be another Pepe Coin or a scam? Keep reading to uncover more about PEPEDERP and other meme coins that could be the best alternative investment options.
PepeDerp is a new meme coin project relying on the popularity of meme coins to establish its existence.
It combines the characters of "Pepe the Frog" and "Derp Face." The project believes the dogs have had their reign, and it’s time for Pepe and Derp to take over.
Like most meme coins, PepeDerp has no utility but offers zero taxes for investors. Also, with no presale, the token has been trading on a decentralized platform, PancakeSwap.
With the growing attention on memes, PepeDerp witnessed massive price gains of more than 200% on May 24.
According to the update on PepeDerp’s official Twitter page, CoinMarketCap posted a price surge of 232.90% for PEPEDERP on May 24.
Despite its explosive gains, PEPEDERP has shaded off its accumulation. PEPEDERP is trading at $0.000001611 at the time of writing, with an almost 70% decline over the past 24 hours.
Every investment comes with associated risks, and crypto assets are no exception. But with the focus on meme coins, several scams have emerged in the crypto industry.
As such, investors should be cautious of all assets, including PepeDerp, as
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