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Pepe Coin is one of the trending meme coins that has recently emerged in the crypto space. While the coin has recovered in value, a former Dogecoin millionaire offers some insight on PEPE.
Glauber Contessoto, aka Dogecoin millionaire, took Twitter to determine the appropriate period to invest in Mem Coin.
Dogecoin Millionaire Recommends Best Time To Invest PEPE
According to the crypto strategist, the enthusiasts should wait until the MEME token declines 80% to 90% from its all-time high (ATH) of $0.00000431. Then, it would be the right time to reinvest in PEPE.
Contesotto’s tweet has drawn much criticism, such as multiple users Said PEPE pump is over. Some users While his suggestion is called “unintentional” Other Advised him to return to DOGE. A special user DOGE Millionaire why he didn’t take a similar investment approach to Floki Inu. In response, he said that he was not liquidated then or he would have bought 1 billion Floki Innu coins.
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Contessoto came into the limelight due to coverage from top media outlets such as CNBC for its investment insights. He gained more popularity in early 2021. Several publications relating to Contesotto’s investment progress cited how he put his life’s savings into a Dogecoin investment.
His investment saw him emerge as one of the DOGE millionaires, his popularity increased for being bold and helping with relevant crypto strategies.
However, it has lost a substantial portion of its net worth as it refused to sell and the largest meme coin by market cap, DOGE, is down almost 90% from its ATH in 2021, according to coinmarket cap,
the road so far
Pepe Coin is a meme coin developed on the Ethereum blockchain with links to the internet meme ‘Pepe the Frog’. After its launch, PEPE quickly gained popularity as the token led to the recent explosion of meme coins.
according to data from coingeco, PEPE has seen an increase of over 21,950% in the last one month. PEPE set a record as the fastest Ethereum coin to hit the $1 billion market cap in less than a month after launch.
However, Mim Coin faces fierce volatility, which has eroded its value and market cap. Now, PEPE is Business At $0.0000016525, indicating a decline of 2.25% in the last 24 hours.
Furthermore, the value of Mem Coin has dropped by more than 60% from its ATH of $0.00000431. The market cap currently sits at $660.9 million.
Featured Image from Pexels and Chart from Tradingview
