Why can't PEPE become the next DOGE miracle?
PEPE performed very well in the first round of rising market, and it was very eye-catching. It quickly rose 10 times, which made many friends who didn't get on the train regret it. Now the MEME coin sector rebounded, and it has more than 1 times at most, which makes people have the illusion that it will be the next DOGE
Here I can tell you with certainty that it can't become DOGE. First of all, let's look at the market value. There are several important reasons why DOGE can rise a thousand times.
First, DOGE's initial market value is very small.
Second, Musk kept FOMO platform and participated in it.
Third, at the beginning of DOGE, a large number of chips were concentrated in the hands of several big investors, which also laid the foundation for the subsequent stretch.
PEPE does not have these basic conditions. The current market value has surpassed LTC to 7 billion, and there is no celebrity platform, and now a large number of chips are in the hands of retail investors, without a large concentration.
But it does not mean that it will not rise. In the bull market, the fomo sentiment of pepe coin will be very high, but the rise will be limited. My personal opinion is that if the current price rises by about 3 times, it will be almost the end.
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