No one can accurately predict how high PEPE can rise or whether it can bring the meme series to the forefront again.
If you keep chasing those coins that are being hyped up, thinking you can get rich overnight, you are very likely to be left behind by the market.
Just like the previous inscription coins, ORDI suddenly became popular, and everyone got envious, thinking the next ORDI would be the one they hold that hasn't exploded yet. As a result, various bizarre coins emerged in the inscription sector. Some said SATS would be the next ORDI, but in the end, those who bought it got trapped.
History is always surprisingly similar. After the inscriptions, there will be other hot sectors emerging to attract retail investors to follow the trend. The purpose is to let retail investors see those myths of getting rich quickly and then obediently take out their money.
In recent months, the meme series has been the hottest, especially Pepe, which has gained popularity along with memes. However, before this coin surged, no one knew about it; only after it skyrocketed dozens or hundreds of times did people start to pay attention, and various stories began to emerge.
Therefore, the number of people who actually made money on Pepe is not many, but many are still attracted to this sector to buy other coins in the meme series. The result? Most coins haven't risen, and some are still falling. Recently, the overall market is rising, but the meme series coins are declining.
Why is that? Because the market for Pepe has already peaked, and the main funds are starting to withdraw. Once the main funds leave, the capital in this sector decreases, and those small meme coins with little value become riskier.
I have long said that Pepe carries risks. Although it has reached a new high recently, in my view, this new high actually poses a greater risk. If it hadn't broken the new high, it would be fine; everyone would still be observing. But once it breaks the new high, many people think a new market trend is about to come.
But in reality, if you look at the market, you can see that the rise of Pepe is becoming smaller and smaller, which indicates that the strength of the bulls is weakening. Although the price is still reaching new highs, the trading volume is decreasing, which is a signal of a trap for the bulls.
It is evident that large funds are unloading Pepe. The recent rise is just retail investors following the trend, so the price increase is weak, and the trading volume is not large.
This is why the meme series has been so weak lately; Pepe is the barometer of this sector. With funds flowing out of Pepe, those small coins have even less capital to support their rise.
If you can spot these signs in advance, you wouldn't blindly chase this sector just because Pepe reached a new high, and you could avoid the risks.
Recently, I plan to ambush a potential coin that is about to explode; doubling your investment is quite simple. At the same time, I am also looking for some potential coins to hold until the end of the year, where a projected growth of over 10 times is not a problem. Spots are limited! If you want to keep up, like and leave a comment.
