Nexo, a prominent cryptocurrency exchange and lending platform, has recently expanded its offerings to include the Pepe (PEPE) token, which takes inspiration from the popular internet meme character, Pepe the Frog. Known as “the most memeable memecoin in existence,” PEPE can now be purchased on Nexo using credit/debit cards or instant bank transfers, with a minimum investment of just $1.
Nexo provides a range of features for users interested in Pepe. Notably, the platform offers up to 0.5% cashback on Pepe purchases and ensures transparent pricing with no hidden fees, positioning itself competitively against the top 10 crypto exchanges worldwide. Users can also take advantage of instant SEPA and FPS transfers for Pepe transactions.
At the time of writing, Pepe’s price on Nexo stands at $0.00001, reflecting a 6.79% decline over the past 24 hours. Nonetheless, Pepe boasts a market capitalization of approximately $5.94 billion and holds the 23rd position in terms of market cap rankings. The 24-hour trading volume for Pepe exceeds $798 million, while its all-time high price of $0.00002 is down 17.64% from its peak.
Nexo offers various options for users to leverage their Pepe holdings. Users can easily exchange any supported asset for PEPE on the platform at a fixed execution price, free of charge. Additionally, Nexo’s Instant Crypto Credit Lines feature allows users to borrow funds against their Pepe holdings at an annual percentage rate starting from 2.9%, without needing to sell their PEPE. Users can also spend the value of their Pepe and earn up to 2% back in crypto rewards. Moreover, Nexo’s Booster functionality enables customers to amplify their Pepe holdings and acquire up to three times more of other desired cryptocurrencies. Furthermore, Nexo facilitates free and instantaneous PEPE transfers between users who have Nexo accounts.
Despite the recent global market correction, Pepe has defied 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 experienced a remarkable 825% increase in value over the past year. Introduced in April 2023, the frog-inspired token quickly gained traction and achieved a $1 billion market cap within a few weeks of its launch. Currently, PEPE maintains 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 notable meme coin debuts in 2023, surpassing several competitors in the same niche.
It is important to note that this content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article are solely those of the author and do not reflect the views of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions, and The Crypto Basic bears no responsibility for any financial losses incurred.