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The meme coin Pepe is a very risky asset, but very interesting. After all, you can earn many times. But, it is also important to understand that such a crypto coin has no value. Its main purpose is manipulation and trading. Therefore, if you can guess the market movement once and earn, then the second or third time you will definitely lose. It is very risky to hold such a coin for a long time.
But let's put all the words aside and look at the facts - how the Pepe coin behaved on the crypto chart.
In April 2023, the Pepe coin cost 0.00000007 on the exchanges. But just a month later, it soared to 0.000003. Someone was able to increase their capital almost 100 times.
Then followed a long fall of this coin. And only in February 2024 there was a sharp rise in Pepe during the first bullish wave. The Pepe coin was able to grow 10 times from 0.000001 to 0.00001. This happened in just 2 weeks of trading. A very strong result and very dangerous. After all, if a coin is capable of rising in price 10 times in 14 days, then it is also capable of collapsing tens of times.
Then followed a strong correction, when Pepe collapsed 5 times to 0.00005.
Of course, everyone expected a further fall. But the market exploded with a new bullish rally and the Pepe coin set its new record of 0.000017. This happened at the end of May 2024. Recall that Bitcoin set its maximum in March 2024. The difference is 2 months. But, in any case, it can be considered that both coins showed their maximums during the second bullish wave of 2024.
What will be the Pepe rate at the end of 2024. If Bitcoin rises to $100,000, then the Pepe coin may rise in price by 10 times. It has done this often in its history. And it will not grow immediately, but only 2 months after Bitcoin sets a new maximum. But this is provided that the bear season does not come and the market does not begin to collapse. The risks are high, but the pie for the winner can be very sweet.