Memecoins are everywhere, maybe for the fun of it. But who would just be throwing money around on assets just for fun? From my own view none. We definitely will need positive results either in the short or long run, that's what makes it an investment. Since the inceptiom of dogecoin; a joke meme dog coin that soon gathered much attention, it has really been an eye opener. We've ALL seen lots of projects sprout in the name of memes, either coins or token and in the end nothing more to offer.
I have always been skeptical about memecoins investing, why? The lack of utility is where I always focus. Indeed the future of crypto will solely rely on how it will interact with daily human activities. Nevertheless, dogecoin is sitting at a good position, Shiba inu follows suit and Pepe the frog MemeCoin has not missed out. Since its inception in early 2023, it has garnered a lot of fans. A strong community indeed is the resistivity of that crypto especially during bearish seasons.
What does PEPE have to offer is a question every investor ought to ask, is it worth the time? There is no market expert that knows it all, investment in a few words is an opportuned risk. One of my mentors once told me you'll take risks alone, when something goes wrong you'll cry alone but if it turns out good, many people will come and celebrate with you. It's true, always do your research and follow your instinct, it's either you'll gain or transfer gain to another, so don't think you loss.
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I feel there is a need to take a look at the PEPE price chart, there has been more popularity of this coin this year than last, I guess the early bull season did reach its department. Price chart from CoinGecko showed an all ⇪ high× of $0.0000103 dollars on march 15th, 2024. It happened within the 14th and 15th that Bitcoin hit a new all time high.
The market hasn't been favorable to many since then, there has been a price decline. Trading around $0.00000714 dollars as of the time or writing, when punching your calculator, you'll discover a visible difference. Will it regain its former all time high. Speculative coins always have their ways to easily break into new grounds so the chances are very high. We have seen beyond the weird in the world of cryptocurrency, No! turning to a yes, Never! becoming very possible. Speaking of which we'll touch on a near impossible debate about PEPE.
Can PEPE hit 1 dollar?
Research shows it would have to beat the US economy up to 18 time (18x) and the FOREX market by over ten times(10x). What does this mean? Let's head over to its maximum supply. The figures indeed are outrageous, 420. 69 trillion. Wow! Do you know what 1 dollar to 1 PEPE can account for? $420.69 trillion dollars. How much is the crypto market in general, come to talk of stocks and the US economy. Is it impossible? We've seen many things happen here yet you have to tame these figures. Where would such funds flow from with little utility attached to this project? This would mean minting millionaires from thin air.
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The zero transaction fees is good for business, yet I feel memecoin should push beyond just financial transactions or tippings, venturing into a more broader usage. The competition in the meme industry is getting tighter and scams are emerging everywhere. PEPE so far has given green lights joining the likes of dogecoin and shiba inu. At first I thought PEPE had that much utility backup until today during thorough research I found out it's more transaction centered thanks to the zero fees system. I admire the strong fan base, every crypto project needs it.
The green frog has registered itself strong in the crypto industry, if you were to ask me what the future holds, my reply would be simple, either loss or gain (this I assure you). There are no sure investments and they'll never be, even traditional banks who claim to dominate the safety structure some have gone bankrupt. It depends on what the people will want in the next five years and ten years ahead and just as I said, the utility base makes it easy to blend during such days.
To conclude , let me add, I never knew much about PEPE until I saw this green frog flashing everywhere. Am always happy that things are happening in the cryptoverse that attracts attention. Indeed PEPE has drawn in new investors that have tested the crypto world. All we can say from here is to wish the best and only the best for this project. Should you throw in some funds? A friend of mine once said he keeps extra cash for memecoins and token, you never can tell which would help you reach the stars.
Disclaimer, if you've ever read my financial article, always note it is not an investment advice. I am not even done advising myself. financial market is a game of who wins and who loses. DYOR. Thanks for your usual understanding.