PEPE, A Crouching Tiger?
PEPE has been the talk of the town since its launch, it has taken over the crypto world by storm. In past few days PEPE is down almost 65%, what does it mean?
The tiger takes a step backwards before it jumps forward. PEPE is a crouching tiger, waiting to attack with more force and this time it would be more fierce. PEPE has fallen since its all-time high on May 4. The wave count suggests that the short-term PEPE price correction might be complete.
Recently, Coinbase flagged the growth of pepecoin (PEPE) in its latest newsletter on Wednesday. $PEPE was listed on Gemini this week, and Coinbase might be the next. Famous artist BEEPLE tweeted PEPE arts related to popular dog coins and the Coinbase episode.
The rise of the PEPE memecoin can be attributed to a number of factors. One of the key drivers of its popularity is its association with the internet meme character Pepe the Frog. The Pepe meme has a large and devoted following on social media and other online platforms, and this has helped to bring attention to the PEPE memecoin.
Additionally, the playful and irreverent nature of the memecoin has helped to attract a younger, tech-savvy audience to the world of cryptocurrency. Many people see the PEPE memecoin as a fun and accessible way to get involved in the cryptocurrency market, and this has helped to fuel its rise in popularity.
Many believe that the next bull run will be powered by meme coins, could PEPE be the driver?
Disclaimer: As with any investment, it is important to do your own research and understand the risks involved before investing in the PEPE memecoin or any other cryptocurrency. While the memecoin may offer an exciting investment opportunity, it is important to approach it with caution and a long-term investment strategy.