Is there any possibility that Pepe will reach a new high?
Pepe has not been moving smoothly these days and has been very weak. It has fallen by about 30% from its high point.
I think it is a normal adjustment. After all, it has risen so much.
Pepe's trend is often to rise and then adjust. It is not like other currencies that rise rapidly and fall sharply.
Thinking back, the best performing sector in this round of bull market is meme coin.
Buying coins is buying leaders.
Who is the leader of meme coin in this round of bull market? It is undoubtedly Pepe.
If the US dollar is released, big funds will still buy the leader Pepe. I think the adjustment is only temporary. It is only a matter of time before Pepe reaches a new high.
How much will Pepe rise? I think there is no problem in breaking through the market value of 10 billion US dollars.
