Moving forward, we’ll explore the Pepe 2.0 crypto project by looking at its official website and socials. This will be the base for trying to figure out if it is a legit project or not. Of course, this article wouldn’t be complete without a PEPE vs PEPE2 token comparison. This is where we’ll do our best to determine whether or not the two projects have any connections.
Also, we’ll take a closer look at the Pepe 2.0 crypto’s price action. After all, we don’t see 10,000x-plus rallies in 36 hours every day. However, the most important part of today’s article will come from looking at Moralis Money’s functions. This ultimate on-chain tool offers you a user-friendly way to finally use real-time, on-chain data to time your trades properly. After all, on-chain activity always precedes price action!
So, we’ll present you with the PEPE2 token Moralis Money page and some amazing tips on using this tool’s primary function!
What is Pepe 2.0?
Pepe 2.0 is a new meme coin that went live on June 27th, 2023, when “pepe2deployer.eth” deployed the token’s smart contract. The PEPE2 token follows the ERC-20 standard, which means it lives on the Ethereum blockchain.
As a memecoin, PEPE2 has no use cases. However, if the 2023 memecoin season teaches us anything, it is that folks like meme coins. So, use cases don’t matter at all when it comes to price action. This throws fundamental analysis (FA) right out the window. The only thing that really matters is “pumpamentals” – whether or not there are more buyers than sellers interested in the token. And the ultimate way to spot pumpamentals is to look at real-time, on-chain data.
The name alone tells you that Pepe 2.0 is not even original. After all, even the project’s official website presents $PEPE2 as a second chance for those who missed $PEPE. So, it obviously also commemorates the famous “Pepe the Frog” meme. If you wish to learn more about that meme, make sure to check out our article covering the original PEPE token.
However, it’s worth pointing out that following PEPE’s lead, many replicas or variations using the same meme as a “mascot” entered the altcoin arena. While several of these memetic projects had some initial success, not many managed to reach a market cap of $20 million.
So, “2.0” most likely makes people think PEPE2 is the same as the original PEPE but better, making this PEPE “replica” gain a lot of traction.
PEPE vs PEPE2 Token
The PEPE2 token follows PEPE’s lead in more than just using the same name and commemorating the same meme. For instance, it has essentially the same total supply: 420,689,899,999,994.79 $PEPE vs 420,690,000,000,000 $PEPE2.
Even the posts on the project’s official Twitter account are very similar to the ones on $PEPE’s socials. That said, Pepe has a verified Twitter account, while Pepe 2.0 does not (at least so far).
Looking at the above image, you can also see that Pepe has a much larger following (336.2k vs 5,279). However, this is completely logical since Pepe 2.0 has only been around for a couple of days.
Despite many similarities, there are some differences between the two projects. These can be found in their smart contracts!
Here are the most noticeable dissimilarities:
- PEPE has a blacklist function, which prevented many addresses from buying the token as it went live.
- PEPE has a buy tax of 0.21% and a sell tax of 0%. On the other hand, the PEPE2 token has both a buy and sell tax set at 1%.
- PEPE2 has locked liquidity.
The “About” section of the PEPE2 project even points out the “blacklisted” difference:
Is Pepe 2.0 Directly Connected to the Original Pepe Crypto?
As highlighted in the above screenshot, the About section does something potentially quite misleading. It makes it seem as if the $PEPE project is behind PEPE2 with the purpose of making up for a sketchy launch.
While we can’t know for sure if the people behind $PEPE2 are actually the same as those behind $PEPE, this is likely not the case.
After all, if we look at PEPE’s Twitter account, there isn’t a single mention of PEPE2. At the same time, PEPE2 mentions $PEPE basically in every tweet. So, it’s more likely that the new token is trying to ride the success of the original PEPE. After all, just the use of “2.0” does exactly that.
PEPE2 Token Price Action
The above 30-minute candlestick chart indicates the entire PEPE2 price action so far. The token started trading on Uniswap on June 28th, 2023, at $0.000000000004795. In the first two hours of trading, the price already increased by more than 30x as it crossed the $0.00000000017 level.
This initial increase was initiated by increasing on-chain momentum. As such, Moralis Money Pro users were able to detect PEPE2 in this early stage. Sure, most of them were able to ride the aforementioned initial 30x-plus rally. However, the ones that took action were able to enjoy the returns of what followed.
After all, $PEPE2 went from the $0.00000000017 level all the way to its current all-time high (ATH) at $0.00000006517. That was another 380x-plus increase in just 33 hours! After reaching its ATH, PEPE2 already retraced approximately 45% but has bounced from the support at the $0.000000034-ish region. At the time of writing, the coin is trading at $0.00000004949.
There have been several 40-60% pullbacks after this impressive rally; however, for now, $PEPE2 still looks strong. And as you probably know, technical analysis (TA) is rather useless when dealing with new meme coins.
Fortunately, you can let the token’s on-chain metrics help you make the call whether or not it’s still smart to buy the PEPE2 token. But before we share the Moralis Money PEPE2 token page with you, let us speculate on the price of this new meme coin.
How High Can $PEPE2 Go?
The above image displays the three leading meme coins: PEPE, SHIB, and DOGE. As such, they may serve as a benchmark for what is possible for these types of altcoins if/when the stars align for the project in question.
So, by taking these tokens’ ATH market caps and dividing them by Pepe 2.0’s total supply, we get highly speculative prices that the PEPE2 token could reach in the next bull run. These prices are highly unlikely to be reached; however, they are possible.
After all, what would you have said the likelihood was of a token named “PEPE2” going on a 10,000x-plus run less than two months after $PEPE? We probably agree that most of us would give that scenario a very low probability.
So, if PEPE2 were to follow in the footsteps of $PEPE, $SHIB, or $DOGE, it would reach these prices:
- $0.000004 (80x from the current price)
- $0.000103 (2100x from the current price)
- $0.000175 (3570x from the current price)
Pepe 2.0 On-Chain Metrics
If PEPE2 caught your attention, first, make sure to control your impulses. Do not rush buying it based on speculations that it could follow in the footsteps of PEPE. Instead, take some time to look at its real-time, on-chain metrics. To do this, you can visit Moralis Money’s search page and paste in PEPE2’s contract address. Or, you can simply use the interactive widget below. Aside from on-chain metrics that you can view in different timeframes, the token page includes many useful tools and resources. As such, make sure to use it to do your own research on the Pepe 2.0 project.
Of course, you can and should use Moralis Money token pages to explore other alts as well. Just obtain a token’s smart contract address and paste it into the search bar! Also, don’t limit yourself to the Ethereum network. With Moralis Money, you can access real-time, on-chain data for tokens on many different chains (e.g., BNB Chain, Polygon, Fantom, etc.).
However, using the token pages is the secondary function of this powerful tool. The primary purpose of Moralis Money is to spot the best altcoin opportunities at any given time. By doing so, you can find altcoin gems before they pump.
Altcoin Opportunities Beyond the PEPE2 Token
10,000x in less than two days – it doesn’t get much better than that. However, with PEPE2, you probably missed that train. But you can perhaps still make some decent gains with this token if you let its on-chain metrics tell you when to enter.
Whether you decide to get your bag of PEPE2 or not, there are countless other altcoin opportunities that deserve your attention. After all, the average altcoin tends to increase by 50x-70x during a bull market. So, while we are still in the final stages of the bear market, it’s a great time to position yourself properly.
Even in the bear market, many Moralis Money users, especially the ones on the Pro plan, have been pocketing great profits. Many of these folks in the know capitalized on countless meme coins, including Kitty Inu’s last rally, ASAP, PAAL, and many others. Here are just some of the success stories from the first half of 2023:
The point is that 2x,10x, 50x, and even higher gains are on the table on a weekly and even daily basis. As such, use the tips below and start spotting the best altcoin opportunities today!
Use Moralis Money to find the Next “Pepe 2.0”
Unlike other on-chain analysis tools, Moralis Money is all about simplicity and user-friendliness. As such, the following five tips are all you need to get going. Essentially, you are just a couple of clicks away from spotting the next altcoin opportunity!
- Tip #1: Use one of Moralis Money’s preset filters to generate your first dynamic list of altcoins with potential:
- Tip #2: Start experimenting with different combinations of Token Explorer metrics, values, and timeframes. This is the key to running unique queries:
- Tip #3: Use these Token Explorer metrics:
- Coin Age – If you wish to focus on newly minted altcoins.
- Market Cap – If your goal is to target more seasoned alts or the ones with specific market caps.
- Buyers, Experienced Buyers, Experienced Net Buyers, ETC. – To detect which coins are gaining/losing the on-chain moment.
- Security Score – Use the Security Score filter to stay away from sketchy tokens.
- Tip #4: Save your unique queries and start running them on autopilot:
- Tip #5: Always DYOR for individual altcoins with Moralis Money token pages before investing:
Start putting the above tips into practice ASAP! Just visit Moralis Money’s homepage or use the interactive widget below and run your first on-chain query.
Exploring the Pepe 2.0 Crypto – Should You Buy the PEPE2 Token? – Summary
We covered quite a distance in today’s article. You had a chance to learn the gist of Pepe 2.0 and its core differences compared to the original $PEPE. We even looked at the $PEPE2’s price action, where you saw how it flew through the chart. After all, this “copycat” meme coin increased in value by more than 10,000x in less than two days. We even speculated on how high the PEPE2 token could go by comparing its market cap with the three leading meme coins.
However, the real treasure of today’s article came in the form of Moralis Money. Thanks to this powerful yet easy-to-use trading tool, you can analyze tokens’ real-time, on-chain data. So, you can use these insights for PEPE2 or any other altcoin that you think deserves your attention.
Nonetheless, you learned how to use Moralis Money’s core features to find the best altcoin opportunities at any given time. With that knowledge in your corner, you finally have a proper chance to detect and enter the next 50x-plus altcoin!
