Why did meme become popular at the beginning of this bull market?
Why did PEPE become popular?
Can I still buy it later?
The reason why PEPE coin became popular in the currency circle is not clear, but its rapid popularity is mainly due to the discussion and promotion of some big Vs in the currency circle, which led to more and more people buying and paying attention to it. Although PEPE coin itself has no actual value, is only for entertainment, has no formal team or project development roadmap, and has nothing to do with the creator of Sad Frog, it has successfully attracted a large number of investors.
This phenomenon is called the "Tugou" feature, that is, the project initiator is unknown, there is no clear roadmap, and it is publicly declared to be "valued at 0", and it is only supported by popularity and entertainment. The surge in PEPE coin is mainly due to its popularity and market sentiment.
PEPE's official declaration is full of entertainment and incitement, claiming to make meme coins great again and become the king of meme coins. Since its launch on April 15, the circulating market value of PEPE coins has soared from 0 to more than 1 billion US dollars.
In addition, some investors have made huge profits by buying PEPE coins, which has further boosted its popularity and market attention. The success of PEPE coins has also triggered the imitation of other similar meme coins, such as Hasaki (HAHA) coins, POGAI coins, and WOJAK coins.
In general, the popularity of meme coins mainly relies on storytelling and hype narratives rather than actual application value. Each round of meme coin carnival will eventually turn into a "run fast" game. The other side of betting on the "golden dog" to get rich is blood loss and zero.
Finally, if you are a pure novice, and you want to rush into the currency circle when you see BTC hit a record high before, then I suggest you pay attention to me first, learn the knowledge of the currency circle with me, and make up for your basic skills. Lay a good foundation to go further.
