Watching Pepe move now is such a similar pattern that all meme coins go thru. When I read that post yesterday about pepe being down 70% from it's ATH and being a rug pull or scam I got flash backs of the Shiba beginning pump days.
This gives me the feeling that pepe is going to make the same crazy trajectory that Shiba and doge went thru. Both of those coins experienced extreme pump and dumps all the way to the top 10 then back down.
I wouldn't be suprised if pepe does the same type of crazy moon shot that other meme coins have experienced. Pepe definitely has the same crazy community that Shiba has, maybe even crazier than Shiba to be honest. And when you join their telegram chat, you can tell they also have the same community feel as doge did.
Don't get me wrong, I'm fully aware that these meme coins are clearly casino gambling but if we're honest with ourselves, so is a majority of alt coins. Some altcoins have more usecase then others but in the end investors are gambling by investing in 95% of alt coins out there.
This is not financial advice or advice at all for that matter of fact, it's simply my perspective on the current pump and dump rollercoaster ride that pepe is going thru. I definitely don't think we have heard the last of this meme coin pepe, and like I said before I wouldn't be suprised if this is just the beginning of it's rollercoaster ride to the moon and then straight back down.
Have fun guys and don't forget to never spend more money gambling then you can afford to lose or are willing to lose.
#crypto2023 #dyor #pepe #feedfeverchallenge
