As a newcomer in the MEME series, PEPE is now more popular than doge. When PEPE released its previous locked-in position in early June, it was destined that the future trend would continue to rise. The current decline of PEPE is just a correction following the market. If you are a spot player, don’t panic too much. You can make up for every 10% decline. A decline of 10%-30% is a good opportunity to cover the spot position. Similarly, the same view is held for Bitcoin and some mainstream currencies.
Is the king of all dogs, "DOGE", no longer good?
Of course not. As the former king of the meme series, DOGE is no longer as powerful as it used to be. But as the first token of the meme series, I think its development space is no worse than PEPE, and with Musk's support, what is there to be afraid of? Its future value space is still very guaranteed.
However, the current price of doge has lost any speculative cost-effectiveness. I think it is not suitable for small funds to play. If you don’t like to play mainstream contracts, then I think it’s also good to do doge and some pepe series meme coin contracts. As for emotional coins, they will rise when the emotions come, and there are many retail investors. Even if there is a correction, it will not fall too much for a while.
The current view is still mainly bearish. The rebound of the big cake has become weaker and weaker. This round is obviously aimed at 50,000.
Since the view is determined to be a decline, it is possible that the cottage will be severely bloodbathed for several rounds in the next three months. The wash-out in each round of bull market is particularly fierce. According to the previous trend in 2021, when the bull market is ready to come, it will be a big bull market after the two rounds of 312/519 plunges.
The bull market will come, just wait patiently. At this time, be cautious about going long. If it is spot, don’t worry, you can copy some local dogs.
The reason why I advocate spot buying at the bottom is that there is no risk of liquidation. Although I am bearish, I don’t know where the specific bottom is.
People are like this. When it falls to 60,000, they see 50,000, and when it falls to 50,000, they see 30,000.
I am really afraid of missing the best opportunity to buy at the bottom, so I asked the spot party to boldly buy some local dogs. After all, the price of local dogs is still lying!
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