Pepecoin Joins MEXC and WEEX Amid Price Drop: A New Chapter in the Crypto Journey

Pepecoin (PEP) has officially joined the MEXC and WEEX exchanges, with trading starting on February 17. Deposits are open now, and withdrawals for MEXC will begin on February 18. This listing follows a successful Kickstarter campaign, where over 47 million MX was committed to support Pepecoin’s debut. Airdrop rewards from this campaign have already been distributed to participants’ accounts, building excitement and engagement around the coin.

Pepecoin is a fully decentralized blockchain designed specifically for the Pepe community. It achieves network consensus through a simple set of rules followed by all nodes. A unique feature of Pepecoin is its support for merged mining, which allows users to mine Pepecoin alongside other cryptocurrencies like Litecoin and Dogecoin. This merged mining feature increases efficiency and provides additional incentives for miners, potentially attracting more people to participate in the Pepecoin ecosystem.

Although Pepecoin’s exchange listings are promising, the coin’s price has dropped by 18% in the last 24 hours, according to CoinMarketCap. This price dip could be attributed to market fluctuations or profit-taking after the announcements. However, Pepecoin’s market cap remains below $50 million, indicating significant potential for growth. The coin’s trading volume has surged by 29% in the past 24 hours, and it has experienced a 75% price increase over the past week, showcasing resilience and investor interest.

Looking ahead, Pepecoin’s first halving event is scheduled for 58 days from now. Halving typically reduces the rewards for miners, which could lead to a supply squeeze, potentially increasing the coin’s price. Despite the short-term price drop, the long-term outlook for Pepecoin remains positive, with increased exchange presence and a unique blockchain offering.