Pepe coin is without doubt one of the trending meme cash that emerged lately within the crypto house. Though the token has retracted in worth, a former Dogecoin millionaire affords some insights on PEPE.
Glauber Contessoto, aka Dogecoin millionaire, took to Twitter to put out an acceptable interval to put money into the meme coin.
Dogecoin Millionaire Recommends The Best Time For PEPE Investment
According to the crypto strategist, fanatics ought to wait until the meme token drop by 80% to 90% from its all-time excessive (ATH) of $0.00000431. Then, that would be the proper time to put money into PEPE once more.
Contesssoto’s tweet has attracted a lot criticism, as many users said that the PEPE pump is over. Some users referred to as his suggestion “unintelligent,” whereas others suggested him to return to DOGE. A particular user requested DOGE Millionaire why he didn’t take the identical funding method for Floki Inu. In response, he mentioned he wasn’t liquid then or would have purchased 1 billion Floki Inu cash.
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Contesssoto emerged within the highlight as a consequence of protection from prime media retailers corresponding to CNBC for his funding insights. He gained extra recognition initially of 2021. Many publications associated Contessoto’s funding progress, citing how he threw his life financial savings into Dogecoin funding.
His investments noticed him emerge as one of many DOGE millionaires, rising his recognition for being daring and serving to with related crypto methods.
However, he has misplaced a considerable a part of his web value as he refused to promote and the most important meme coin by market cap, DOGE, has declined by nearly 90% from its ATH in 2021, in accordance with CoinMarketCap.
The Journey So Far
Pepe Coin is a meme coin developed on the Ethereum blockchain with a hyperlink to the web meme ‘Pepe the Frog’. Following its launch, PEPE quickly gained recognition because the token led to the explosion of meme cash lately.
According to information from CoinGecko, PEPE has seen a rise of over 21,950% throughout the previous month. PEPE created a document because the quickest Ethereum coin to hit the $1 billion market cap in lower than a month after its launch.
However, the meme coin faces fierce volatility, which has drained its worth and market cap. Now, PEPE is buying and selling at $0.0000016525, indicating a drop of two.25% over the previous 24 hours.
Also, the worth of the meme coin has plummeted by over 60% from its ATH of $0.00000431. The market cap at the moment sits at $660.9 million.
Featured picture from Pexels and chart from Tradingview
