2023-06-01 14:31:16
The hopeful beginnings are over, PEPE lost its value at lightning speed. The coin’s rapid plunge will be fatal, according to the Doge skeptic community – the recent Doge millionaire Glaubert Contessoto for example, it would officially bury Pepecoin.
However, Contessoto is not the only one who is of this opinion, among others, who monitors the transactions of the DOGE wallets Dogecoin Whale Alert also expects memecoin to fall further.
This pessimistic attitude is no accident, since PEPE, which entered the market in mid-April, fell more than 71% compared to its peak price in early May. Although the coin has somewhat recovered in the last few hours, there is no reason to rejoice.
Can PEPE really be considered dead?
Despite the alarming figures, not everyone sees the situation bleakly. The more optimistic are optimistic „as sleep” look at the current state of Pepecoin, one called Cripto Jesus Twitter user and he compares Contessoto’s predictions directly to Jim Cramer’s legendarily bad predictions and would rather buy more of the coin.
With such volatility, it is difficult to predict what we can expect around PEPE’s house, but without a significant catalyst, it seems unlikely that the coin will take off again for the time being. The already uncertain prospects are only worsened by the fact that the coin developers operate under the cover of anonymity.
However, despite the not-so-attractive metrics and high levels of mistrust, it’s worth noting that Pepe Coin is still the third largest meme coin in the crypto space.
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