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Cryptocurrency News Articles
Pepecoin ($PEPECOIN): A Meme Coin With Real-world Utility Poised to Grow Significantly Higher
Jul 13, 2024 at 12:51 pm
Inspired by internet jokes, meme coins have found a strong foothold, with their popularity and price gains being primarily driven by hype and FOMO.
In recent years, meme coins have taken the crypto world by storm. Inspired by internet jokes, these coins have seen a massive surge in their value and adoption, thanks largely to hype and FOMO. However, among the numerous meme coins out there, one coin stands out for its unique approach and impressive price gains - Pepecoin ($PEPECOIN).
Launched in 2016 as a proof-of-work (PoW) mineable blockchain, Pepecoin is the first-ever Pepe-based meme coin. Unlike most meme coins that lack any real-world application or utility, Pepecoin is actually building an ecosystem of useful products to complement the fun, excitement, low entry cost, high ROI potential, and community engagement that comes with meme coins.
In a surprising move, Pepecoin has ventured beyond the meme coin craze by creating a gaming hub, Pepe OS, to provide a seamless and user-friendly experience for crypto and meme enthusiasts. It also features a decentralized messaging app, Pepe Messenger, to foster user growth and engagement.
Furthermore, Pepecoin boasts a vast product suite that includes Pepe Paint for crafting and minting NFTs on the go, a SocialFi platform (MyFrens) for users to connect with others, a decentralized NFT exchange (Kekdaq), and a launchpad (Kekstarter).
Moreover, Pepecoin is set to launch a music streaming hangout space (Pepe.DJ) for NFT music and BasedAI, a product that will add another layer of excitement to the Pepecoin ecosystem.
But that's not all. Another product in Pepecoin's ecosystem is Kek.Bot, which is a unique trading terminal that features 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 also 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
Last week, Pepecoin’s BasedAI also released its final testnet, which is a significant upgrade from the “Prometheus” testnet. This testnet, called “CYAN,” will be the last testnet before the project releases its mainnet.
The testnet included a couple of key changes, including 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.
One of the key products of the Pepecoin ecosystem, 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 cross $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, with its focus 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!
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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