Pepe Meme Coin successfully listed on leading crypto lending platform Nexo

Leading cryptocurrency exchange and lending platform Nexo has announced the addition of the meme-inspired Pepe (PEPE) token to its product offering.
Nexo, a cryptocurrency exchange and lending platform, has added Pepe (PEPE), inspired by the popular internet meme character Pepe the Frog, to its product offering. PEPE is called "the most meme-able coin in existence."
Investment opportunities and features
Nexo offers a variety of features for users interested in Pepe. According to the official website, users can buy Pepe quickly and securely using a credit/debit card or instant bank transfer, starting at just $1.
Nexo also offers up to 0.5% cashback on Pepe’s purchases and promises no hidden fees, claiming to have competitive market rates compared to the top 10 cryptocurrency exchanges worldwide. The platform supports instant SEPA (Single European Payments Area) and FPS (Faster Payments Service) transfers for Pepe transactions.
As of now, Pepe’s current price on Nexo is $0.00001, down 6.79% in the past 24 hours. Nonetheless, Pepe's market cap is around $5.94 billion, ranking 23rd. Pepe’s 24-hour trading volume exceeded $798 million. PEPE’s historical highest price is $0.00002, down 17.64% from its highest point.
Using Pepe on Nexo
Nexo offers users a variety of options to utilize their Pepe holdings. On Nexo, users can seamlessly convert any supported asset into PEPE with no fees and at a fixed execution price. The platform also enables users to borrow starting at 2.9% APR through its instant crypto loan feature without having to sell their PEPE holdings.
Additionally, users can spend the value of Pepe while receiving cryptocurrency rewards of up to 2%. The Nexo Booster feature allows customers to leverage their Pepe holdings to obtain other desired cryptocurrencies at up to three times the value. Additionally, Nexo supports free and instant PEPE transfers between Nexo account users.
Pepe's Market Position
According to a recent report by The Crypto Basic, Pepe has surpassed expectations and become one of the top 20 cryptocurrencies by market cap, despite the recent correction in global markets.
According to CoinMarketCap, PEPE has increased in value by a staggering 8,25% over the past year. PEPE launched in April 2023, and the frog-inspired token quickly gained traction, reaching a market cap of $1 billion within weeks of its launch.
Currently, PEPE maintains a strong position in the stalk coin market with a market capitalization of $5.8 billion. This growth trajectory makes PEPE one of the most successful and noteworthy meme coins to watch in 2023, outperforming several competitors in the same space.
Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may reflect the author’s own opinions and do not necessarily reflect the opinions of The Crypto Basic. Readers are encouraged to perform adequate research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.