Pepecoin ($PEPECOIN): A Meme Coin Project That's Building a Useful Ecosystem of Products

Inspired by internet jokes, meme coins have found a strong foothold, with their popularity and price gains being primarily driven by hype and FOMO.

Fresh 7-day average spot trading volumes, as reported by CoinMetrics, show that meme coins are now the leading narrative in the crypto sector. Back in March, meme coins even managed to outpace the likes of Ethereum and Solana, boasting an average daily trading volume of $13 billion, as reported by CoinMetrics.

However, to put things into perspective, the total market cap of all meme coins combined currently stands at $51 billion, as reported by CoinGecko. This means that while meme coins are certainly gaining traction, they still pale in comparison to the top cryptocurrencies like Bitcoin and Ethereum, which have a combined market cap of over $1.4 trillion.

Despite this, the narrative around meme coins is undeniable. These coins, which are typically inspired by internet jokes or memes, have managed to capture the attention of both retail and institutional investors alike. And with the recent market rally, meme coins have been among the best performers.

For example, original Pepe-based meme coin Pepecoin ($PEPECOIN) has seen a meteoric rise of 75,100% in just a matter of six months. But unlike most meme coins, Pepecoin is actually building an ecosystem of useful products to add utility to the fun, excitement, low entry cost, high ROI potential, and community engagement.

Its product suite covers a gaming hub, Pepe OS, to provide a seamless and user-friendly experience for crypto and meme enthusiasts, and a decentralized messaging app called Pepe Messenger to foster user growth and engagement. It also includes Pepe Paint to craft and mint NFTs on the fly, a SocialFi platform MyFrens for users to connect with others, a decentralized NFT exchange Kekdaq, a launchpad Kekstarter, and a music streaming hangout space called Pepe.DJ for NFT music and BasedAI.

Kek.Bot is another product in Pepecoin’s vast ecosystem. It’s a unique trading terminal with features like limit orders, advanced charts, P/N/L reports for each order, mirror trading, a token discovery scanner, a sniper bot, portfolio management, trader chat, MEV blocking protection, and more.

Launched in May, Kek.Bot aims to make the whole DEX trading experience more simplified and streamlined while incentivizing user activity with rewards. Users can earn rewards simply by trading as well as training the Kek Bot v2 Brain.

Adding AI to the Mix

Pepecoin’s BasedAI released its final testnet last week, which is a significant upgrade from the “Prometheus” testnet and the last testnet before the project releases its mainnet. The testnet is called “CYAN.”

The testnet included a couple of key changes, such as full EVM support. This feature will allow BasedAI’s decentralized compute layer to deploy tokenized large language models (LLMs), machine learning (ML), and models. As a result, users can run a community version of LLAMA or host a collective of GPU miners and award the community with a token for contributing or mining.

Models tied to smart contracts also allow the models themselves to provide DeFi services to each other in the form of sharing compute resources or exchanging their own tokens. The testnet is to further test emissions, rewards, and administration of Test Brain NFTs and the native BasedAI token.

BasedAI is a custom-engineered L1 that aims to democratize and incentivize the deployment of the rapidly growing list of open-source AI models. Through BasedAI, Pepecoin addresses data privacy and security challenges in AI applications to usher in a new era of AI freedom.

If we look at the statistics of AI tech, they paint a very bullish picture for Pepecoin’s BasedAI. For instance, the global AI adoption rate has already reached 35%, and the market is projected to balloon from almost $208bln to $1.8 trillion by the end of this decade. The Natural language processing (NPL) market is also projected to surpass $112bln during that time.

In terms of business, 79% of corporations reported AI to be crucial for their success, and 25% of all startup funding in the US goes to AI-focused ones. Moreover, about 100 million people are predicted to work in the field by 2025, boosting employee productivity by 40% in the next decade.

With AI poised to completely transform the world as we know it and seeing incredible adoption, BasedAI, which focuses on building decentralized tech, should capture both market interest and capital.

Attention around AI is what drove chipmaker Nvidia’s stock price to $140 recently, representing an over 190% uptrend, briefly making it the world’s most valuable public company with a market cap of $3.34 trillion.

So by leveraging the meme coin mania and the insane utility of AI, Pepecoin ($PEPECOIN) is poised to grow significantly higher, making it a must-watch coin for investors