Pepe’s arrival in the crypto space set the foundation for meme coin mania at a time when the market didn’t have much hope. This fever created a new line of meme coins. All frog-themed and all paying homage to the old meme in some way, none of them portrayed any kind of utility that could be supported.
Pepeto tells a different story altogether. Focusing on the best elements of the meme coin ecosystem, it is trying to draw use cases out of a theme that makes people think only of short-term gains.
Pepe Analysis – A No-Utility Token That Took the Market by Storm
It was the gloomy winter of early 2023. People had been looking for a reason to invest in meme coins. Then, all of a sudden, Elon Musk, the Dogefather, got back to his old antics again. Replacing the standard Twitter symbol with a DOGE one, he laid the foundation of what would later become meme coin mania.
While only Dogecoin and other smaller assets were the ones getting traction initially, things changed when it became clear that a new meme was needed to bring the crypto community together. Not long after this realization, Pepe made its entry on a decentralized exchange. Based on the popular frog theme, this meme coin took the appeal of fair launch to the max, bringing many players to check it out. It was not long after that its market capitalization exceeded $1 billion.
The project’s “no tax, no bullshit approach” was loved by many who wanted something simple, something that didn’t have any long-term impact and instead offered something big in the short term.
Over the next year, Pepe went through the same levels of volatility as in the past, but the 2024 Bitcoin rally pushed it over the edge and to the top of the price charts. It became one of the top 3 meme coins on the market and continues to hold its position to this day.
Does it have any utility to speak of? No. However, the viral factor was enough for it to grow in value. It didn’t have to cater to the VCs or the utility crowd to become known in the market. However, as 2024 has progressed, the reality has shifted.
Bitcoin is no longer above the $100k mark, and people have once again started to look for assets that could have long-term implications. However, this can only be realized if the viral factor of Pepe still holds up.
But if we dive into the lore of Pepeto, it shows that Pepe is a thief, who only stole the first four of the six sacred documents to attain virality. With no technology or optimization to push its value up, Pepe continues to be immensely volatile, with more valleys than peaks emerging on the price charts recently.
Pepeto Aims for the Same Heights as Pepe, But with Utility
The story of Pepeto is not so different from Pepe. The only thing missing is the viral element, but that’s part of the tale that is yet to be told. Currently on presale, this meme coin has raised over $3.4 million. So, while the listing level of virality is still cooking, it has gone viral as a presale asset. And with its total supply of 420 trillion, Pepeto is setting itself as a leading contender to Pepe.
While Pepe weaved financial themes and comedy with style, Pepeto has tapped into something ancient. It has looked to the past, drawing inspiration from the age of Anunnaki, the proto-humans that made our ways possible. Pepeto has been described as a denizen of that civilization who traveled through time and through the ages to bring to light the technology and optimization Pepe-themed tokens desperately need to grow in value.
Therefore, unlike Pepe that has been satisfied by providing investors with short-term gains, Pepeto is bringing nuanced blockchain concepts to life. First, it is offering staking, making holding the PEPETO tokens more valuable as it will yield passive income while securing the network.
Next, it is introducing a robust bridge that allows meme coins to easily travel from one chain to the next. These two attributes are being combined to give rise to an exchange that only caters to meme coin holders.
Pepeto Can Successfully Topple Pepe With Time
The current market conditions have made the Pepeto presale viral. However, once the presale concludes and the token goes live on cryptocurrency exchanges, the listing pump will ensure that early investors will make gains.
Will Pepeto be able to grow to levels like Pepe? The honest answer to this question is “not in a short time.” The architecture of Pepeto has been designed keeping the long-term implications of the project in mind. While it is pursuing virality to generate initial interest, its goal is also to attain utility, which means a slow and steady growth in value.
While staking will make passive income more valuable, a meme coin-specific decentralized exchange and bridge can potentially make Pepeto the “grand meme coin unifier.” It means instead of being moved by how the meme coin market performs, it could move the meme coin market according to its own dynamics.
Adding to that, due to similar token supply to Pepe, Pepeto has the potential to turn early investors into millionaires once its price reaches the same level as Pepe on redemption day. And further growth may be achieved once the Pepetoswap surfaces and the bridge goes live.
For further details about the project and to participate in the Pepeto presale, visit the official website today.
