PEPE coins may have bottomed out, holders must see!

The price of PEPE coins plummeted. Can the community turn the market against the wind?

The price of PEPE coins has dropped sharply to below US$0.0000075 recently, causing heated discussions in the community. But this wave of pullback may be a signal that PEPE coins are ready to go! Whether the glory of DOGE and SHIB can be reproduced lies in the active participation of the community and the improvement of the project itself.

The biggest challenge facing PEPE coins is its huge issuance volume - 420.69 trillion. With such a huge supply, it is very difficult to increase prices. To achieve the $1 target, the market value will be as high as $420 trillion, far exceeding the current Bitcoin market value.

However, there is not no hope. The "coin burning" mechanism may effectively solve the problem of oversupply. If 99% of PEPE coins are destroyed, the remaining 4.2 trillion yuan of circulation will significantly increase the possibility of a currency price increase, and even if it reaches USD 1, the market value will be "only" USD 4.2 trillion.

In addition, whales and institutional investors are crucial. At present, PEPE coins are still in the "Internet celebrity coins" stage, and it is difficult to attract large investment institutions. But if it can gain favor from institutions, the increase in market demand will directly drive price increases.

The author has bought PEPE coins at US$0.0000077 and plans to continue to increase his position. Although the market fluctuates violently, the author believes that there is an opportunity to buy at the bottom of the price at the moment.

In-depth interpretation of PEPE coins:

PEPE coins are a deflation-type meme coins based on Ethereum, inspired by Pepe the Frog network memes. It aims to draw on the successful experiences of DOGE and SHIB and use the popularity of meme coins to operate the market.

In the early stages of the issuance of PEPE coins, the official promised no pre-sale or high transaction tax, and even destroyed the liquidity fund pool tokens and gave up the contract authority to avoid the risk of "running away".

PEPE coins’ roadmap is planned with a clear clear goal, with the main goal being to increase visibility, enter mainstream exchanges, and implement the “meme acquisition” plan. Its unique redistribution mechanism is also designed to encourage long-term holding and enhance token stability.

As an ERC-20 token, PEPE coins benefit from the security of the Ethereum network.

Analysis of the reasons for the popularity of PEPE coins:

The success of PEPE coins does not depend entirely on their application value. The reasons behind this may include:

1. FOMO effect (fear of missing out): The market's money-making effect is significant, and investors are worried about missing out on opportunities and blindly follow the trend.
2. Low unit price: Extremely low unit price allows investors to purchase large amounts of PEPE coins with a small amount of funds.
3. Simple and easy to understand theme: The theme of meme coins is simple and interesting, easy to understand and spread, lowering the investment threshold.

Risk warning: Investment is risky, so be cautious when entering the market. The above analysis is for reference only and does not constitute investment advice.

The above is the detailed content of PEPE coins may have bottomed out, holders must see!. For more information, please follow other related articles on the PHP Chinese website!