Can PEPE become a coin with a hundred-fold or thousand-fold return? Is it still worth investing in?

Recently, a currency called "PEPE" has become extremely popular, and its get-rich-quick effect has attracted many people's attention. It belongs to the Memecoin series, and is similar to the previous Dogecoin and Shiba Inucoin. It is mainly based on consensus speculation and lacks the support of practical applications. Therefore, it is nicknamed "copycat coin" by everyone.

But whether it is mainstream coins, sub-mainstream coins or these so-called "copycat coins", the key to investment lies in the accurate grasp of the market. Entering the market at the relative bottom can minimize the risk; at the same time, accurately identifying the top can ensure that you can exit safely at the critical moment.

So, after 3-4 months of correction, is PEPE a risk or an opportunity now?

Judging from the trend of PEPE, after a long period of correction, the short-selling force gradually weakened and the decline gradually slowed down. Until October 23, 2023, it broke through the neckline with large volume, opening a new round of upward trend. Although the market subsequently corrected, this did not change its general upward trend. The correction was more like a preparation for better momentum.

However, after entering 2024, although the PEPE market still rose, we cannot ignore some subtle changes. In particular, the positive line on March 4, 2024, although it still rose in volume and broke through the previous high, the increase was significantly reduced, and the positive line entity was much smaller than the previous one. This makes people wonder whether the power of the bulls has begun to weaken?

Although the rise in the past three weeks has once again proved the vitality of PEPE, the reduction in volume is a signal that cannot be ignored. This shows that the strength of the bulls has weakened compared with before. From the weekly perspective, although the current upward trend of PEPE is still continuing, the weakening of the strength of the bulls is a risk factor that cannot be ignored.

So, back to the original question: Can PEPE become a 100x or 1000x coin? Is it still worth investing in? My opinion is that although PEPE is still on the rise, the weakening of the bullish forces is a signal worthy of vigilance.

When deciding whether to continue the layout, you need to consider the overall market trend and PEPE's own performance more carefully. If you don't know how to operate, click on the avatar to find May, and seize this bull market with me.