Does PEPE still have room for appreciation?

PEPE is currently experiencing a sharp correction. As these community and hype-driven currencies lead the bull market in the cryptocurrency market, PEPE prices may bottom out and rebound next.

In addition, with the recovery of the market and the increase in holdings expected for the listing of Ethereum ETFs, the SEC's attitude towards the crypto market is becoming milder. As the market turns bullish, the price trend of PEPE is expected to rise sharply in 2024.

The currencies in the meme series belong to Dogecoin and Shiba Inu Coin in the last bull market. They are consensus hype, but there is no practical application to support them, which is what we commonly call altcoins.

But whether it is mainstream coins, sub-mainstream coins (supported by practical application value), or altcoins (pure hype to compete for consensus, get-rich-quick effect), you need to identify the market, buy at the relative bottom to minimize the risk, and identify the top to get out of it.

Compared with the other three, altcoins have a greater technical demand for identifying the market, because altcoins are often a temporary hot spot. If the market has reached its peak but you don’t know it, the risk is quite high, because MEME coins are subject to rapid rises and falls.

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PEPE often pulls back like this, waiting for the short volume to gradually shrink, and then the decline slows down, starting an upward trend.

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