#CryptoTradingGuide The truth is, the market is very discouraged, but the important thing is not to lose hope and continue with our investments, which sooner rather than later will give us results.$PEPE $NOT $SOL
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If we can overcome the resistance of 0.00001430, I am almost sure that we will position ourselves above 0.00001500. The goal is the moon and a little more.
Pepe's cryptocurrency rises 7,000% and experts warn about the risk of investing in “meme currencies” May 29, 2023 0 comments Inspired by a green frog shared as a meme on the Internet, the Pepe cryptocurrency rose almost 7,000% in less than 20 days of existence. CoinMarketCap figures point to a peak of $1.5 billion in market value on May 5. On May 23, Pepe saw his market value drop to less than $625 million and this sparked a debate about "meme currencies," also called memecoins, which use viral Internet images to become popular. On Monday afternoon (29), Pepe's assets were valued at 561 million dollars and only in the last 24 hours the devaluation was 4.25%. Analysts interviewed by the g1 portal warned of the high risk of investing in this type of product. According to investment experts, this type of asset is highly speculative and should only be used for entertainment purposes. Memecoins are mass-produced assets with very low values and are named after memes. Nubank customer community approves Nucoin digital currency logo Nubank customer community approves Nucoin 4 digital currency logo Android Dec 16 Around 2 thousand clients interested in the world of cryptocurrencies will actively participate in the process of... The various financial market operators interviewed for the report also pointed out the lack of solid fundamentals, such as those that exist among more traditional cryptocurrencies, such as Bitcoin and Ethereum, which are the most popular virtual currencies. It is worth noting that these meme currencies also tend to be less secure, in addition to not being well founded, that is, they do not have a specific purpose, such as being a means of payment or business model, for example. In general, they are just "jokes". And you, do you invest in meme coins? Tell us in the comments below!
The first rise that the PEPE cryptocurrency experienced was on April 30, where it showed an increase of 214%. With this he set a significant bullish trend that led to his next big push. On May 5, 2023, the PEPE memecoin experienced the maximum value so far experienced. In fact, on that date it recorded a market capitalization of $1.8 billion, with a value of $0.000004354. This event coincides with the announcement of PEPE on Binance. After a drop that occurred due to the massive sell-off that occurred between May 24 and 25, PEPE had a resurgence that many attribute to the rebound that Bitcoin experienced at that time. Date on which there was also a burn of the PEPE cryptocurrency of 1.6 billion to curb the downward trend, rising 104% to place its value at $0.000001.
If $PEPE falls below 760, the rebound will be + or - at 670, this is according to my analysis. Everyone performs their own analysis and invests according to their budget and what they are willing to lose or gain.$
Tomorrow, May 5, our $PEPE turns 1 year old, we hope that it gives us as a gift at least a -0 and that it remains at least above 0.00001. Hope is the last thing that is lost, and I have my hope intact.
If we manage to overcome the resistance level found at 0.00000699, we could achieve very good profits, since this would tell us that we are in a bullish stage.
Let's not sell, since the goal is the moon.
Invest cautiously, and don't forget to do your own research.
What currencies are AltCoins? Altcoins are the rest of the cryptocurrencies that are not Bitcoin. Altcoins use consensus mechanisms to produce blocks or validate transactions. In this way, they distinguish themselves by using smart contracts or having lower transaction fees.