PEPE coin is popular all year, with a return rate soaring 400%! DOGE and SHIB are far behind, and the future may be even crazier?
PEPE coin is very popular this year. The return rate has quadrupled from the beginning of the year to now, leaving behind the two old meme coins DOGE and SHIB. DOGE has only increased by 10%, and SHIB is slightly better, but only 24%. If the market sentiment is better, PEPE may run faster and leave DOGE and SHIB far behind.
In the first half of the year, the entire cryptocurrency market was dominated by meme coins, which performed too well. This is good, attracting a lot of investors who want to make quick money. But everyone is muttering in their hearts, if the market rebounds in the fourth quarter, what can these meme coins do?
Let's compare and see. From the perspective of making money, PEPE is definitely the big winner this year. However, it also has a problem, that is, it fluctuates too much, it rises violently when it rises, and it is also unambiguous when it falls. As soon as the market went bad in the third quarter, PEPE fell 35%. In comparison, SHIB fell 22%, and DOGE was relatively stable, falling only 17%.
Let's talk about valuation and recovery potential. According to the MVRV indicator, friends who bought meme coins in the past three months have not made any money, but lost money. But this is actually a good sign, indicating that these coins are now undervalued, just like discounted goods. So, which meme coin is most likely to suddenly surge?
From the trend chart, SHIB and DOGE are almost spitting back the money they made this year, and are back to the level of March. But PEPE is different. Although it has also fallen, it is still stable at the support point of the second and third quarters. This means that once the market sentiment improves, PEPE may bounce up like a spring, and recover faster than SHIB and DOGE.
Although PEPE has fallen sharply, it has also risen sharply. Friends who invested in PEPE this year have a great rate of return, and they have earned more than those who invested in DOGE and SHIB. Moreover, judging from the current market situation, PEPE is ready, just waiting for a gorgeous rebound once the market sentiment improves!
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