Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Topic started by: Sophie Robert on April 24, 2023, 03:10:25 PM
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Cryptocurrency trader WolfOfPoloniex, aka The Wolf, has commented on the Pepe coin, stating that it is "dumb" and not surprising to him.
He believes pepe coin is a pump and dump scheme and that enough time has passed for fresh investment opportunities.
Some traders on crypto twitter are shifting their attention from shiba inu inspired tokens to those based on the internet meme pepe the frog.
Pepe coin (PEPE) was launched recently and has expereinced a significant increase in value, rising over 21,000% in the past three days.
(https://qph.cf2.quoracdn.net/main-qimg-e0014e3f2d64755e9e2e4638c8dc59c7)
Discover the price prediction of pepe coin and other meme coin at coinpedia.
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Pepe coin (PEPE) is the latest in a long line of “meme coins” designed to shake up the crypto market. However, this particular project has generated substantial momentum since launching in April 2023, producing gains of over 1,170% for investors in its first two weeks of going live. :)
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Cryptocurrency trader WolfOfPoloniex, aka The Wolf, has commented on the Pepe coin, stating that it is "dumb" and not surprising to him.
He believes pepe coin is a pump and dump scheme and that enough time has passed for fresh investment opportunities.
Some traders on crypto twitter are shifting their attention from shiba inu inspired tokens to those based on the internet meme pepe the frog.
Pepe coin (PEPE) was launched recently and has expereinced a significant increase in value, rising over 21,000% in the past three days.
(https://qph.cf2.quoracdn.net/main-qimg-e0014e3f2d64755e9e2e4638c8dc59c7)
Discover the price prediction of pepe coin and other meme coin at coinpedia.
It's a new cryptocurrency, so it's very difficult to say if is a good investment or not. It maybe good in long term investment. In addition the crypto currency has been popular and it's backed by popular pepe the frog meme.well there is no guarantee that crypto currency will continue to grow in value.
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PEPE coin is a meme coin. When will session come, we saw some meme coin huge pumped. Last bull run we saw Doge and Shib two meme coin huge pumped but after bull session it dumped again. And i think future of meme coin in not bright. So PEPE also a meme coin So in future bull session it will pump there has no doubt but we should careful about it. And i think PEPE coin is best for short time investment.
If anyone invest on PEPE coin he will be profited but i think Shouldn’t invest for long time. It is my personal opinion.
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PEPE coin is a meme coin. When will session come, we saw some meme coin huge pumped. Last bull run we saw Doge and Shib two meme coin huge pumped but after bull session it dumped again. And i think future of meme coin in not bright. So PEPE also a meme coin So in future bull session it will pump there has no doubt but we should careful about it. And i think PEPE coin is best for short time investment.
If anyone invest on PEPE coin he will be profited but i think Shouldn’t invest for long time. It is my personal opinion.
Obviously it is, and those who make money out of it could be the early investors as this was always been the case. But after that, it will be used purely for pump and dump and if you didn't do your homework, you might be trap inside.
So still very dangerous to invest on such meme coins, and it just short term. If you get profits then good, get out of it and re-invest on solid altcoins and never look back.
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The memecoin trend is shifting to the Solana network, so I think it will be very difficult to expect pepecoin to repeat its success again.
Need whales to increase the price of any coins without utility, hype -> pump -> dump -> take profits -> rinse and repeat with other memecoin.
Playing with memecoin requires following the trend, and its a big mistake if you intend to make a long-term investment in memecoin.
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The memecoin trend is shifting to the Solana network, so I think it will be very difficult to expect pepecoin to repeat its success again.
Need whales to increase the price of any coins without utility, hype -> pump -> dump -> take profits -> rinse and repeat with other memecoin.
Playing with memecoin requires following the trend, and its a big mistake if you intend to make a long-term investment in memecoin.
It has become obsolete and abandoned, also because the ETH network costs too much while Solana has a very cheap fee.
It is indeed very hype especially $WIF so extraordinary memecoins are now born on the solana network.
But now the hype of memecoin is moving to the base network and has an even cheaper cost compared to solana.
All move on and have to follow the latest trends, Pepecoin is no longer a memecoin symbol that reaches high MC, but there are many others.
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I agree with the pump and dump bit - that happens with all meme coins and pepe might be no different. Meme coins have and will always be high risk, high reward investments and not suited for long-term investment strategies. So the answer to your question depends on your investment goals. If you're looking for a coin for short-term growth, pepe can be considered but if you're looking to HODL, meme coins are certainly not the altcoin category you should look into. BTC and some established crypto like SOL is where you should look for long-term investments.
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He believes pepe coin is a pump and dump scheme and that enough time has passed for fresh investment opportunities.
~snip~
Does that coin have any purpose other than to trade it and for the most skilled to make as much money as possible while persuading the naive that it is the next best thing to invest in? When the whole project is built around some frog, dog or cat, I don't consider it serious - but those behind the project must be very happy because they made a mountain of money, and everyone else should wonder if PEPE will ever be worth $1 per coin - although don't worry too much, there are still a lot of animals for some new meme coins ;)
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Various financial crypto analysts believe that meme coin is a type of gambling coin that can have quick profits and losses. Pepe coins like other meme coins created quite a hype in the market but those coins lost their value again. Meme Coins survive mainly on creating hype among investors. Pepe Coins are created for entertainment purpose only and have no real value. Therefore, before investing in these coins, investors should consider the risks involved. Because constantly new coins create the most hype in the market.
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Re: Is Pepecoin ($PEPE) the Best Investment?
I saw this on their official website: LINK (https://www.pepe.vip/)
$PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. the coin is completely useless and for entertainment purposes only.
and yet, there are still people who are buying this useless meme coin. They already said that this coin is completely useless and for entertainment purposes only, but many people are still buying it hoping that they can earn money when they buy that shitcoin. This is 100% hilarious for me, I'm buying a token base on it's use case and it's benefit from the investor ourselves. This meme coin has no roadmap nor formal team. No nothing. Pure shitcoin, but still many popular centralized exchanges chooses to list this coin.
Well, nothing against those who bought this coin, but just by knowing that it's completely useless, I know for a fact that I should avoid this coin. It's not the best investment for me, but maybe one of the worst investments. That's only my opinion though.
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~snip~
This meme coin has no roadmap nor formal team. No nothing. Pure shitcoin, but still many popular centralized exchanges chooses to list this coin.
Fascinating, right? It just shows how disinterested the average investor is in understanding what they are actually investing in. On the other hand, it's obviously never been easier to take people's money literally sitting in front of a computer - so even though some people made huge money as developers and inventors, some others just needed to sell a story about dogs, frogs or cats and no longer have to work until the end life.
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I don't think pepe is the best investment. There are lots of memecoins after pepe that have gone multiple times than pepe. Although, I was able to make some profit back then with pepe when I paired it with some Bitcoin on Bitget smart portfolio. As it keeps pumping, I was getting more Bitcoin from it. But It wasn't like the memecoins I bought after it
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I don't think pepe is the best investment. There are lots of memecoins after pepe that have gone multiple times than pepe. Although, I was able to make some profit back then with pepe when I paired it with some Bitcoin on Bitget smart portfolio. As it keeps pumping, I was getting more Bitcoin from it. But It wasn't like the memecoins I bought after it
It seems like you are very actively investing in meme coins and if I may ask, Are meme coins your best investment?
I know, many people have profited from meme coins, but many people have also lost money while investing in meme coins.
I don't invest in meme coins, investing in Altcoins with no utility is like gambling and I wouldn't say I like gambling.
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I don't think pepe is the best investment. There are lots of memecoins after pepe that have gone multiple times than pepe. Although, I was able to make some profit back then with pepe when I paired it with some Bitcoin on Bitget smart portfolio. As it keeps pumping, I was getting more Bitcoin from it. But It wasn't like the memecoins I bought after it
PEPE is a good investment for people that bought it at pre-sale price, you can see the OP quoted profits of 210000%, that's profit you can only see in a blue moon but considering the fact that it's a meme coin, I will never rate it above any Fork Bitcoin like Bitcoin cash and the rest of the forks, meme coins are cancer to crypto but people love what they love even though you shout from now to tomorrow.
Anyone can buy meme coin for all they want but just know that it's not that meme coin you think can buy you Lamborghini will be, most of the time, it's the coin you don't expect to pump will actually pump.
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Investing in pepe coins is possible to benefit the most, because if you don't invest in the right place then there are definitely more chances of people encountering it. Usually pepe is one of the mm coins, so it should not be the longest investment. It is best to invest long-term in those platforms which are only trusted coins, but it will have upward momentum until the bull market, so if you invest now, you will definitely get huge benefits from here after a few days.