It’s typical to copy a cryptocurrency idea, especially if it ends up becoming a meme coin. PEPE 2.0 is one of several new copycats that have emerged as a result of PEPE’s popularity. According to statistics from CoinMarketCap, this meme currency is now driving the movement among altcoins after posting 16% increase and setting a price of $0.000000125 at the time of writing.
Given that the current state of the crypto ecosystem is characterised by adverse price performances, PEPE 2.0’s growth is exceptional. The recent printing of PEPE 2.0 was made possible by the volatility; nevertheless, the community’s current posture for the meme currency does not correlate.
PEPE 2.0’s Twitter account has been blocked despite being just a few months old for reasons that must have violated Twitter’s rule of conduct. Without a doubt, the harmony and buzz within a community determine the performance and triumphs of any meme currency over a given period of time; in the case of PEPE 2.0, neither of these factors present.
This suggests that the 34% observed increase in the trading volume of the token may have been caused by non-organic sources. Investors who are supporting the meme currency are advised to exercise care in light of these anomalies in PEPE 2.0’s success indicators.
PEPE, the new victim
Since its start a few months ago, PEPE has received at least two new rivals, both of which use the same name or logo. PEPE continues to be one of the most popular cryptocurrency projects to have emerged so far this year.
It is too soon to say whether or not these alternative cryptocurrencies are real initiatives, despite the fact that each one has an own philosophy and mission. Shiba Inu also noted a number of new variations that proved to be valid initiatives. Despite the widespread scepticism towards PEPE, the new competitors will need to work harder to persuade investors of their authenticity and motivation in the Web3.0 era.
