With the news that ETH ETF may be approved, Ethereum has ushered in a wave of super rises, and the market FOMO sentiment is serious. The meme currency, which represents the emotional value, has also reached a new high, attracting a lot of attention, but the new high also means that there are a lot of profit-taking. Regardless of the final news on Friday, these currencies will face a lot of profit-taking and risk-averse selling pressure on Thursday and before, and there is a certain callback pressure; in the short term, it is recommended to take profits. There are many market opportunities, but survival must be the first factor. Don't always ride the roller coaster 🎢!
Also briefly summarize the history and risks of pepe:
Pepe token is a non-fungible token (NFT) based on blockchain technology. The concept behind it comes from a popular online emoticon package-Pepe the Frog. The emergence of Pepe token is mainly to create a unique and collectible digital asset in the Internet community.
The origin of Pepe token is related to the Internet emoticon package Pepe the Frog. Pepe the Frog first appeared in 2005 and was created by American cartoonist Matt Furie. It was originally a character in a comic called "Boy's Club". Later, the image of Pepe the Frog spread rapidly on the Internet and became a widely popular emoticon and Internet meme.
The following points are worth noting:
The non-fungible token (NFT) market has developed rapidly in recent years, attracting the attention of a large number of investors and creators. However, despite the huge potential of the NFT market, it is still a relatively new and immature market with a lot of uncertainty and volatility.
The value of Pepe tokens mainly depends on its popularity and collection value in the Internet community. This means that if the popularity of Pepe emoticons decreases or is replaced by other emerging trends, the value of Pepe tokens may be affected.
The regulation of the NFT market is still unclear, and the attitudes and policies of various governments towards cryptocurrencies and NFTs may affect the investment prospects of Pepe tokens. Therefore, before investing in Pepe tokens, please be sure to pay attention to relevant laws, regulations and policy developments.
There are risks in investing in any cryptocurrency and NFT, especially in a volatile market environment.
