In short: Glauber Contessoto, the Dogecoin millionaire, has recommended waiting for Pepe Coin to drop by 80-90% from its all-time high of $0.00000431 before investing again. His advice was met with criticism, with some users stating that the Pepe pump is over. Contessoto gained media attention earlier this year for investing his life savings in Dogecoin. Pepe Coin, based on the internet meme Pepe the Frog, has seen a surge in popularity but also fierce volatility, dropping by over 60% from its ATH and currently trading at $0.0000016525 with a market cap of $660.9 million.
Our quick analysis:
Pepe Coin, the new meme coin that recently emerged in the crypto space, has come under the spotlight for all the wrong reasons, as its value continues to decline rapidly. Despite this, Dogecoin millionaire Glauber Contessoto has offered his thoughts on the best time to invest in Pepe Coin.
According to Contessoto, enthusiasts should wait until the meme token drops by 80% to 90% from its all-time high (ATH). Only then will it be the right time to invest in Pepe again. However, his advice has faced significant criticism, particularly because many users believe that it's too late to invest in the token.
Pepe Coin, which is developed on the Ethereum blockchain, has a link to the internet meme 'Pepe the Frog'. Despite its initial spike in value, the coin has suffered from extreme volatility, leading to depleted value and market cap.
As of now, Pepe Coin trades at $0.0000016525, indicating a drop of 2.25% over the past 24 hours. Moreover, the value of the meme coin has plummeted by over 60% from its ATH of $0.00000431. The market cap currently sits at $660.9 million.
Contessoto, who gained attention as one of the Dogecoin millionaires and as a bold investor, has lost some of his net worth from his refusal to sell Dogecoin. Although his advice may seem counter-intuitive, only time will tell if it's the right move. In the meantime, Pepe Coin enthusiasts will need to keep a close eye on its value and market trends before making any investment decisions.
Featured image from Pexels and chart from Tradingview.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Our quick analysis:
Pepe Coin, the new meme coin that recently emerged in the crypto space, has come under the spotlight for all the wrong reasons, as its value continues to decline rapidly. Despite this, Dogecoin millionaire Glauber Contessoto has offered his thoughts on the best time to invest in Pepe Coin.
According to Contessoto, enthusiasts should wait until the meme token drops by 80% to 90% from its all-time high (ATH). Only then will it be the right time to invest in Pepe again. However, his advice has faced significant criticism, particularly because many users believe that it's too late to invest in the token.
Pepe Coin, which is developed on the Ethereum blockchain, has a link to the internet meme 'Pepe the Frog'. Despite its initial spike in value, the coin has suffered from extreme volatility, leading to depleted value and market cap.
As of now, Pepe Coin trades at $0.0000016525, indicating a drop of 2.25% over the past 24 hours. Moreover, the value of the meme coin has plummeted by over 60% from its ATH of $0.00000431. The market cap currently sits at $660.9 million.
Contessoto, who gained attention as one of the Dogecoin millionaires and as a bold investor, has lost some of his net worth from his refusal to sell Dogecoin. Although his advice may seem counter-intuitive, only time will tell if it's the right move. In the meantime, Pepe Coin enthusiasts will need to keep a close eye on its value and market trends before making any investment decisions.
Featured image from Pexels and chart from Tradingview.
Image provided by Unsplash
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
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Please, behave!