After reaching an all-time high of nearly $30,000 in late December 2020, the leading cryptocurrency has struggled to stay above that level. Despite this recent dip in price, however, the hype surrounding one of its most beloved characters – Pepe – continues to grow.
There is still plenty of optimism about what lies ahead for Bitcoin and other digital assets. The recent surge in interest around Pepe is just one example of how people embrace blockchain technology and its potential applications.
What is Pepe?
Pepe is a meme-based character created by artist Matt Furie back in 2005. Since then it has become a popular figure within the cryptocurrency community due to its use as an unofficial mascot for Dogecoin (DOGE). In recent weeks it has seen renewed attention after being featured on several prominent websites such as Reddit and Twitter. This newfound popularity has led to increased demand for NFTs featuring Pepe artwork which have sold for thousands of dollars each on platforms like OpenSea and Rarible.
It’s clear that despite Bitcoin’s current struggles at $29k, there’s still plenty of enthusiasm around blockchain technology and digital assets like DOGE which are helping drive mainstream adoption forward at an unprecedented rate. As more people become aware of these projects through memes like Pepe or other forms of media coverage, we can expect continued growth across this sector as well as further innovation from developers who are pushing boundaries with their creations every day.