In recent years, during the bullish cycle on the crypt, there have always been a couple of meme coins, which allowed all newcomers to earn money. The exception is the 2017 bull cycle, as the bull market at that time did not need meme coins since the cryptocurrency phenomenon first appeared on the lips of most people.
But in the next bull cycle of 2020-2021, we had to use aggressive marketing to drive new money/people into the crypto market. This is how meme coins began to appear. After all, buying a funny dog DOGE or SHIB is much more interesting than boring Bitcoin. Moreover, people still have a taste after the 2018 bear market.
😤 And here we are on the threshold of 2024 and history is already beginning to repeat itself. Meme coins $PEPE and $MEME came onto the scene. We think these or some other meme coins created in the future will be heavily pumped to attract new “young” money to the market.
Obviously, such coins should be taken into a briefcase, but only in an amount that you don’t mind losing. After all, such meme coins can bring not tens, but hundreds of X’s. Therefore, your $100 can turn into $10,000 or even $100,000.
😎 So, today we want to discuss whether it is worth buying the PEPE coin and what its growth potential is if it is actively promoted in the future.
We'll talk about MEME in the next posts.
Let's start with the graph. In fact, there is no point in watching it, since apart from 4 not particularly reliable support/resistance levels, there is nothing there. The only thing that can be said here is that you should buy around these levels.
Another thing is that recently the volume has begun to grow, which means someone is buying in coins. But at the same time, there are many locked-in traders above current prices who close their positions without loss.
There is nothing more to add according to the schedule.
📊 Fundamentally
1️⃣On the project website there is direct ridicule of all existing meme coins and the goal of the PEPE project is to take the championship in the meme race. In general, that's all...
2️⃣ The project’s smart contract has successfully passed the audit, which is already good and greatly reduces the likelihood of a complete scam of the coin.
3️⃣ Social. The project networks write something almost every day - also a good sign.
4️⃣ More than 45% of coins issued are in the wallets of the largest crypto exchanges. Since exchanges are trusted, that’s also good.
5️⃣ The coin has a limited issue, 99% of which are already on the market, and the rest, as we understand, was burned. Not a bad start, because the smaller the issue, the more expensive the asset is - this is an axiom.
6️⃣ Whales and super small wallets are actively accumulating coins. But average market participants are actively selling.
7️⃣ The total number of wallets of coin hodlers is growing.
8️⃣ Capitalization is only $500 million. The same Shiba has 10 times more.
In general, friends, no matter how funny it may sound, but based on fundamental factors, the coin looks better than the vast majority of coins on the market. If the coin’s hype continues, then the coolest decision from the project team will be to introduce token burning. Then the coin can easily give hundreds of x, but for now, according to current data, the growth potential is 10 x.
In general, you can buy a penny that you are not afraid of losing and keep it until the end of 2024-2025.
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