PEPE’s Lukewarm Reaction – What’s Behind It?
PEPE, the memecoin that started the memecoin mania, recently saw a 4% increase before a slight bounce corrected it to a 2.65% daily increase. But why the lukewarm reaction?
Main Breakdown:
- PEPE experienced a minor 2.29% increase in the last 24 hours.
- Since its launch in April 2023, PEPE skyrocketed by 83,000%, reaching a $1 billion market cap.
- PEPE’s price is still up 1833% since launch, benefiting early buyers.
- Other meme coins like Dogecoin and Shiba Inu also saw stable price movement.
- Possible reasons for the lukewarm reception include market conditions and lack of engagement from the projects on social media.
Hot Take:
PEPE’s lukewarm reaction and the stability of other meme coins may indicate a shift in interest towards tokens with stronger utilities. A promising alternative is yPredict, an AI-powered platform that offers an all-in-one AI ecosystem and a predictions marketplace. With its impressive presale success and innovative technology, yPredict could be the future of crypto predictions.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
