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In the ever-expanding and exciting world of cryptocurrencies, understanding the value proposition and use case of each coin is crucial. Today, we take a look at Bitcoin Ordinals, a relatively new concept in the crypto space, and delve into their limitations. In contrast, we also explore the potential of the Hollywood X PEPE presale, a new meme coin that has been garnering significant attention in the crypto community.

Bitcoin Ordinals, as a concept, are essentially tokens derived from the Bitcoin blockchain. They have been created in such a way that their value is theoretically based on Bitcoins market performance. However, the viability of Bitcoin Ordinals as a sound investment has been increasingly questioned, primarily due to their limited use case and the concerns over how they seemingly primarily benefit their creators.

Unlike Bitcoin, which has been globally recognized as a store of value, Bitcoin Ordinals struggle to present a clear use case or value proposition. They do not seem to offer any significant advantages over Bitcoin itself or provide any novel functionalities that make them stand out within the crowded crypto marketplace.

Additionally, there are growing concerns that these tokens mainly serve to enrich their creators without contributing meaningfully to the broader crypto community. Some critics argue that the creators of Bitcoin Ordinals can manipulate these tokens value at the expense of unsuspecting investors.

In stark contrast to the skepticism surrounding Bitcoin Ordinals, the Hollywood X PEPE presale has been making headlines for its significant upside potential. This meme coin, which pays homage to the iconic Pepe the Frog meme, has been creating a buzz in both the crypto and entertainment industries.

Unlike many other meme coins, Hollywood X PEPE goes beyond the typical community-driven initiative. It offers real utility and value to its holders, stemming from its integration into various Hollywood productions, which has the potential to enhance its value and demand.

The presale period presents a unique opportunity for investors to get in on the ground floor of this promising project. By acquiring the coin before its listed on exchanges, early adopters could stand to gain from its potential future success.

Pros:

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In the rapidly evolving crypto space, its more important than ever to understand the intricacies and value propositions of different coins. While Bitcoin Ordinals may not offer much in terms of utility or community engagement, projects like Hollywood X PEPE represent a new wave of meme coins that provide tangible value and community engagement.

As always, potential investors should conduct thorough research before participating in any crypto ventures, taking into consideration each projects potential risks and rewards.

Official Hollywood X PEPE Links | Linktree | Hollywood X PEPE Token | $HXPE Pre-sale is Live

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Understanding Bitcoin Ordinals: Limited Use Case and the Rise of ... - Tekedia

Theres Pepe the soccer player, Pepe the guitarist, and Pepe the racing driver. And now theres Pepe the new frog-themed cryptocurrency.

The coin, based on an internet meme, has taken token markets by storm in the month since its launch. Trading has been frenzied, lifting Pepes market value to nearly $2 billion at one point, though that has since slid by more than half.

Only in the world of crypto could a currency that pays homage to a cartoon frog capture the attention of market participantsand possibly even Elon Musk. Its emblematic of the hype that continues to underpin crypto markets, fueled by the actions of a few dominant players and influenced by the price of Bitcoin.

The new memecoina subcategory of altcoin, which refers to tokens other than Bitcoin and Ether is the latest to capture the attention of the crypto crowd. It joins the more familiar Dogecoin, around since 2013, which refers to the doge meme involving a Shiba Inu dog. Dogecoin is now the eighth-largest digital asset by market capitalization and has inspired countless spinoffs, including Shiba Inu, which is the 15th-largest crypto.

Pepe is growing faster than its older peers. It took the frog coin only 22 days for the number of holders recorded on the blockchain to surpass 100,000, according to the crypto research group Messari. The same growth took 90 days for Shiba Inu.

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Like the dog-themed coins, Pepe appears to have caught the attention of Tesla s (ticker: TSLA) Musk, who has said he owns Dogecoin and has toyed with it for years in references on Twitter and television. Pepe prices spiked some 50% in one volatile spurt that came immediately after Musk tweeted the Pepe the Frog meme, though he didnt explicitly mention the token.

Pepes meteoric rise is unlike anything weve witnessed in crypto history, Chase Devens, an analyst at Messari, wrote in a note earlier in May. Here is a look at the coins brief past, how it is traded, and what could happen to the price.

Pepe was launched in mid-April by a team of anonymous developers. The groups website is littered with internet in-jokes, including the phrase make memecoins great again, and details about how the supply of tokens is 420,690,000,000,000.

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Pepe is a meme coin with no intrinsic value or expectation of financial return, the developers say. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.

The token references the Pepe the Frog internet meme, which itself is based on a character from a 2005 comic by cartoonist Matt Furie. As a meme, Pepe can appear in a variety of waysthe frog often has different facial expressions and is edited into different contextsbut in its most basic form, it seems to represent smugness.

The Pepe meme has been picked up by internet-based radical groups, earning it a checkered cultural reputation. The Anti-Defamation League has named the meme a hate symbol, while noting that the character didnt initially have racist connotations and that many uses continue to be non-bigoted.

Pepe is now available on a number of major crypto exchanges. That includes Binance, the worlds largest venue for digital-asset trading, as well as platforms including OKX, Kraken, KuCoin, and the decentralized exchange UniSwap.

The U.S.-based broker

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Investors should note that digital asset trading and most crypto exchanges remain unregulated in the U.S.

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The price of Pepe rose as much as 6,300% between April 18 and its zenith on May 5, after being listed on a number of major exchanges.

Before it was listed on OKX, Pepe had a market cap of around $275 million, according to crypto data provider CoinGecko. In a spike after it was listed on Binance, its market cap peaked at $1.7 billion, with its trading volumes in the first week of May routinely dwarfing those of Dogecoin or Shiba Inu. The market capitalization of Pepe was hovering near $650 million as of Wednesday.

For those outside crypto, Pepe may represent yet another example of why digital assets are worthless: It has no intrinsic value and exhibits dangerous levels of volatility.

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For those inside the industry, though, there is a logic to the Pepe trade. The key is getting ahead of the hype and fear of missing out that new coins can generate as interest grows. That dynamic, alongside signs that influential market participants known as crypto whales are wading in, suggests the frenzy around Pepe may be far from over.

Arguably the most significant driver of Pepes growth is the fact that crypto participants are now familiar with how quickly memecoins can grow, said Devens, of Messari. It pays to be early, and this self-reinforcing force pulls in more buyers as the meme grows in popularity.

That popularity only grows as tokens like Pepe get listed on crypto exchanges. The first major factor lifting prices of the frog crypto was its listing on OKX on May 1, which was soon mirrored by Binance on May 5. While exchanges dont endorse coinsBinance has kept Pepe in its Innovation Zone for smaller and often more volatile coinslistings can act as implicit endorsements and funnel billions of dollars of liquidity to tokens.

The wider dynamics of crypto markets play a role in determining memecoin prices. Trends in Bitcoin, the largest coin, tend to lead prices for all cryptocurrencies, which has worked out well for Pepe.

Bitcoin has rallied by some two-third so far this year, helped by rising expectations that the Federal Reserve has finished raising interest rates to battle inflation. Memecoins have taken off as well in a surge that could signal either a strengthening bull market or froth before a correction.

When meme coins pump it often tells us where we are in the crypto cycle, Antoni Trenchev, co-founder and managing partner at crypto lender Nexo, said in a research note shortly after Pepe began to surge higher.

Trenchev pointed to gains seen by the token Squidreferencing the popular Netflix series Squid Gamein late 2021, when the token rose by more than 200,000%. In hindsight, that was a sign that crypto markets had topped out.

Time will tell if the emergence of Pepe-the-Frog heralds the beginning of a new crypto summer or something a lot bleaker, Trenchev wrote.

Write to Jack Denton at jack.denton@barrons.com

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Memecoin Pepe Is the New Crypto Craze. Move Over, Dogecoin. - Barron's

Bitcoin Frogs, the newly-launched non-fungible token (NFT) fashioned after frogs, has become the most-traded collection in the past 24 hours, surpassing even prominent collections, such as Bored Apes.

Bitcoin Frogs, which launched in late February on Bitcoin Ordinals, reached trading volume of over $2.2 million, data from CryptoSlam show. The collection describes itself as 10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.

At the time of writing, each NFT was selling for 0.12 bitcoin (BTC), or over $3,200. Buyers and sellers are paying trading fees ranging from $50 to over $1,200 as of Thursday.

Bitcoin Frog's trading volumes was spread across 627 individual transactions, the data show. In comparison, Bored Apes recorded just over 11 transactions at a significantly higher price of over $83,000 per NFT.

NFTs issued directly on Bitcoin have gained prominence after the launch of the Ordinals Protocol earlier this year. The Ordinals Protocol allows users to embed data onto the Bitcoin blockchain by inscribing references to digital art into small bitcoin-based transactions with the so-called Ordinals inscriptions surpassing the 3 million mark earlier this month.

Such demand has contributed to bitcoin fees spiking to two-year highs and stirred debate in the Bitcoin community.

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Pepe-Themed Bitcoin Frogs Becomes Most Traded NFT Amid Bitcoin Ordinals Hype - Yahoo Finance

Hollywood X PEPE $HXPE Token PEPE goes to Hollywood & becomes a star.

In the ever-evolving world of cryptocurrencies, new players are constantly emerging to capture the attention of digital enthusiasts and investors alike. One such phenomenon that has recently gained significant traction is $Pepe, a Meme Coin that has taken the internet by storm. This article aims to explore the rise of $Pepe and delve into the reasons behind its popularity.

$Pepe is a cryptocurrency inspired by the iconic internet meme character Pepe the Frog. Originally created by artist Matt Furie in 2005, Pepe the Frog gained massive popularity as an internet meme, becoming a symbol of internet culture and humor. The $Pepe cryptocurrency pays homage to this cultural phenomenon by integrating the character into the world of digital currencies.

One of the key factors behind the success of $Pepe is its dedicated community of supporters. Internet communities, such as Reddit and Discord, have embraced $Pepe as a new outlet for their creativity and shared enthusiasm. The $Pepe community has developed a unique culture around the coin, creating and sharing memes, art, and other content related to the beloved Pepe the Frog. This sense of belonging and shared identity has helped $Pepe thrive in the ever-competitive cryptocurrency space.

Memes have become an integral part of internet culture, with various memes gaining widespread attention and even crossing over into the mainstream. The $Pepe memecoin capitalizes on this phenomenon by leveraging the appeal of internet memes to attract users and investors. The rise of $Pepe is not solely based on its technological merits, but rather on the speculation and excitement surrounding its cultural significance.

While memecoins have often been criticized for their speculative nature, some investors see the potential in $Pepe as a unique investment opportunity. As with any investment, caution and thorough research are crucial. However, the cultural significance and the passionate community behind $Pepe have led some to believe that it may have long-term staying power.

Non-fungible tokens (NFTs) have revolutionized the digital art market, and $Pepe has embraced this trend. Through the creation of Pepe-themed NFTs, the project has allowed users to buy, sell, and trade unique digital artworks. This integration with NFTs has not only added value to the $Pepe ecosystem but has also attracted attention from collectors and enthusiasts of digital art.

As with any new phenomenon, $Pepe faces its fair share of challenges and criticisms. Some critics argue that Meme Coins, including $Pepe, are purely speculative and lack the fundamental value that more established cryptocurrencies possess. Furthermore, the association with Pepe the Frog has sparked controversy in the past due to its misuse as a symbol by extremist groups. It is important to separate the playful intent of the $Pepe community from these negative associations.

$Pepe has undoubtedly emerged as a prominent player in the world of memecoins, capturing the attention of internet communities and investors alike. With its unique cultural appeal, passionate community, and integration with NFTs, $Pepe has carved out a niche for itself in the cryptocurrency space. However, as with any investment, caution is advised, and it is essential to carefully consider the potential risks and rewards before diving into the world of $Pepe and Meme Coins in general.

In a surprising twist of events, HollywoodXPepe Coin, a Meme Coin inspired by the beloved Pepe the Frog, has taken the crypto world by storm, capturing the attention of investors and enthusiasts alike. This article explores the extraordinary journey of HollywoodXPepe Coin as it makes its way to Hollywood, meeting beautiful women, and igniting a spark within the crypto community.

HollywoodXPepe Coin originated as a playful project that aimed to combine the allure of Hollywood glamor with the irreverent charm of Pepe the Frog. Riding on the wave of the meme economy and the popularity of cryptocurrencies, this memecoin quickly gained traction, capturing the imagination of individuals looking to invest in unconventional and entertaining ventures.

As HollywoodXPepe Coin gained popularity, its journey took an unexpected turn. The coin and its mascot, Pepe the Frog, were embraced by the glitz and glamor of Hollywood, where they embarked on a whirlwind adventure. In this narrative, HollywoodXPepe Coin found itself surrounded by beautiful women, attracting attention from celebrities and industry insiders. This fantasy portrayal captured the imagination of many within the crypto community, drawing attention and excitement to the project.

The arrival of HollywoodXPepe Coin and its exploits in Hollywood have had a profound impact on the crypto community. The project injected a sense of fun and creativity into a space often perceived as serious and technical. The innovative approach of combining pop culture, memetic appeal, and blockchain technology struck a chord with individuals seeking a departure from traditional investment options.

HollywoodXPepe Coins rise to stardom not only captured the attention of investors but also sparked enthusiasm within the wider crypto community. The project showcased the potential of memecoins to transcend the boundaries of traditional finance and tap into the playful nature of internet culture. By intertwining Pepe the Frogs beloved character with Hollywood extravagance, HollywoodXPepe Coin offered a fresh and exciting perspective on cryptocurrency investments.

HollywoodXPepe Coins success can be attributed, in part, to the power of memes and their ability to captivate audiences. Memes have become a shared language in online communities, often transcending borders and cultural boundaries. By tapping into the meme economy and embracing the cultural significance of Pepe the Frog, HollywoodXPepe Coin found a way to connect with a broad and diverse audience, expanding the reach of the crypto community.

HollywoodXPepe Coins journey from Meme Coin to Hollywood superstar, meeting beautiful women along the way, has certainly sparked excitement within the crypto community. By leveraging the appeal of memes, pop culture, and the allure of Hollywood, the project has brought a fresh and imaginative perspective to the world of cryptocurrencies. While the fantastical narrative surrounding HollywoodXPepe Coins rise to stardom is engaging, its important for investors to approach the project with a level-headed mindset, focusing on diligent research and risk assessment.

HollywoodxPEPE | Telegram | Twitter | Discord | YouTube

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$Pepe The Internet's New Hot Meme Coin Hollywood X PEPE ... - Analytics Insight

BTCC Exchange, a prominent cryptocurrency derivatives trading platform, has recently added PEPE and SUI USDT-margined futures to its list of available futures. Trading began on 16 May 2023, and traders can take advantage of up to 50x leverage when trading these newly listed futures contracts on the platform.

Both PEPE and SUI are the latest sensations in the crypto space. PEPE, created as a tribute to the Pepe the Frog cartoon character, is a popular meme-based cryptocurrency that has gained significant attention in recent months. Since the launch, PEPE has experienced price explosions, making waves in the crypto market, especially in the memecoin space.

On the other hand, SUI is a Layer 1 blockchain that provides secure, scalable, and efficient solutions for decentralised applications (dApps), focusing on high-speed transactions and instant processing. SUIs data processing speed is unmatchable: it can process 300,000 transactions per second (TPS). Ethereum 2.0 is only estimated to have a TPS of 100,000, while Solanas TPS is just 65,000.

With the addition of these futures, BTCC Exchange offers users more opportunities to diversify their crypto portfolio alongside their existing 80+ highly liquid crypto futures on the platform. Users can go long or short on PEPE and SUI based on the direction of the trend to make profits.

Given the big craze about PEPE and SUI, traders can now take advantage of their high volatility with the new futures on BTCC Exchange. With up to 50x leverage, traders can maximise their profit potential and manage risk effectively.

The addition of PEPE and SUI futures to BTCC Exchanges trading platform marks an exciting milestone for the cryptocurrency derivatives trading community. The platforms commitment to providing a safe and efficient trading environment, coupled with its advanced technology and user-friendly interface, makes it an ideal destination for traders looking to diversify their crypto portfolio.

Established in June 2011, BTCC is one of the longest-running cryptocurrency exchanges with a focus on providing crypto futures trading services. Serving over 1.6 million registered users worldwide, BTCC is dedicated to making crypto trading reliable and accessible to everyone.

The exchange will be celebrating its 12th anniversary next month. Stay tuned for special campaigns and promotions on their official website and social media channels:

Twitter|Instagram|LinkedIn | Website

This article contains a press release provided by an external source and may not necessarily reflect the views or opinions of BeInCrypto. In compliance with the Trust Project guidelines, BeInCrypto remains committed to transparent and unbiased reporting. Readers are advised to verify information independently and consult with a professional before making decisions based on this press release content.

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BTCC Lists Memecoin PEPE And New 'Ethereum Killer' SUI - BeInCrypto