Do you think PEPE can replicate the miracle of DOGE?

PEPE attracted many people's attention with its amazing growth when it debuted.

It achieved a 10-fold growth in a short period of time, which made many people who missed the opportunity feel regretful.

With the rebound of the MEME coin sector, PEPE coin once again showed a strong upward momentum, with an increase of more than 1 times, which made some people begin to speculate whether it will become the next DOGE.

In my opinion, it is difficult for PEPE coin to replicate the glory of DOGE for the following reasons:

First, let's review the key factors of DOGE's success.

DOGE coin had a very small market value in the initial stage, which made it possible for its subsequent huge growth.

It also had Musk's constant platform and personal participation, which undoubtedly contributed to the popularity of DOGE coin.

In the early stage of DOGE coin issuance, a large number of chips were concentrated in the hands of a few large holders. This high concentration of chips laid a solid foundation for the subsequent pull-up.

In contrast, PEPE has obvious shortcomings in these aspects.

First, the current market value of PEPE coin is already considerable, even exceeding LTC, reaching a scale of 7 billion.

Such a large market value means that its future upside may be limited.

Second, PEPE coin lacks heavyweights like Musk to support it, which weakens its market influence to a certain extent.

Third, unlike DOGE coin, PEPE coin chips are currently dispersed in the hands of retail investors, lacking centralized control by large investors, which may have an adverse impact on its future price trend.

Of course, this does not mean that PEPE coin has no investment value or upside potential.

In the bull market, affected by market enthusiasm, PEPE coin may still achieve a certain increase.

I wish you to complete your capital accumulation in the currency circle, and you are also welcome to click on my avatar to see the main leaf and join Junyang for free. Many years of experience in the currency circle may be helpful to you. I hope our encounter is friendly

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