Let's talk about this year's hot favorite in the MEME track, PEPE.
This guy is simply the king of MEME coins, just like $DOGE and $SHIB, loved by coin hoarders. In just 39 days from early November to early December, the price surged 2.5 times, and now its market value is 10.56 billion USD, ranking 20th.
PEPE is essentially a deflationary coin that pays tribute to the online meme Pepe The Frog, following the same path as Shiba Inu and Dogecoin, but it aspires to be the leader among meme coins. No transaction fees, friendly to long-term holders, and a token rarity destruction mechanism—it's all set up.
However, PEPE's price dropped 20% in August this year, but look at PEPE now, still hot. Whether it's holders or whales, they remain loyal, showing that PEPE still has some strength.
PEPE has 720,000 followers on X, and its official website traffic is also doing well. In the MEME coin space, PEPE has established a foothold. The team's marketing is effective, having early on sought KOLs for promotion, and the listing on exchanges went smoothly. Moreover, stories of those who bought PEPE early and made big profits are spreading wildly on social media, as everyone fears missing out on the next hundredfold coin, which is how PEPE became so popular.
But PEPE lacks substantial technical support, the team has a dark history, and legal scrutiny poses significant risks. However, PEPE's strong dissemination attributes, community, and cultural narrative have secured its place in the MEME coin space. The fact that whales are still trading it indicates that there is still a foundation for PEPE's long-term growth.
Now that PEPE's market value is close to 10 billion, it's not far from SHIB, the second dragon, but with such a strong market, a short-term surge is a bit difficult. Unless new hot money comes in or the project team develops some real applications, PEPE might just experience high-level fluctuations. So for those looking to buy, don't rush; wait for a pullback before getting in, safety first.
Just wait for the pullback. When the time comes, I'll guide everyone to target the lucrative opportunities in altcoins to bottom out and layout spot investments; doubling is definitely within reach. Follow me, and leave a message to seize the big opportunities in this bull market together.
Exploring the 'Power-up Moment' of Altcoins
Let's talk about the accumulation phase of altcoins, which is like the mysterious behind-the-scenes preparations before a grand show, quite crucial!
I. What is the Accumulation Phase?
In simple terms, this is a period of 'rest and recuperation' in the market. Previously, prices either kept falling or lacked significant fluctuations, then entered a relatively stable state. At this time, those professional and experienced institutions and big players (smart money) start quietly acquiring assets at low prices, like lurking hunters gathering treasures. Meanwhile, ordinary retail investors, due to the previous market downturn, are either tired or still have lingering fears, showing little interest in the market. Prices move sideways without much heat, forming the accumulation phase, appearing calm while secretly turbulent.
II. Signal Lights of the Accumulation Phase of Altcoins
1. Price 'Lying Flat': Altcoins oscillate within a narrow price range, which is essentially creating a solid 'small base' for buyers to quietly stock up and accumulate power.
2. Trading 'Cooling Down': Trading volume decreases like a fever breaking, which means ordinary small traders are doing less in the market, leaving the stage for those big players with vision.
III. How to Accurately 'Capture the Bull'?
1. Dig Deep into Fundamentals: Look for projects with strong practical functions, an active development team, and real-world application scenarios. Just like building a house, a solid foundation is more likely to 'rise high' during the peak season of altcoins.
2. Capture Oversold Signals: Use technical indicators like RSI to find tokens that have been 'wrongly killed' by the market and excessively sold off; they might be waiting to be picked up at low prices by discerning investors.
IV. Whispering at the End
The Elon Musk-themed Golden Dog Marvin project has recently performed well in the market, with its market value successfully surpassing 10 million. There are reports that a mysterious institution has already intervened, and this series of positive factors has made the investment value of this project highly anticipated by the market, with hopes for further significant surges in the future, becoming a dark horse in the market.
