Hello SPIers, today we look at PEPE. In recent days, we have seen the popular frog meme token hit new all-time highs so it's a good time to review our investment (before the price tasks again, lol).
PEPE (erc20)
I feel I dont need to give much information about PEPE because most of us will have heard of it and at the end of the day, its a meme token so there's not much to it. You buy it, hold your balls and hope for the best.
Because meme tokens are super high risk, SPI's investment was a small one and was more of a punt than anything. From time to time, I'll throw $100-500 at something on a whim for a punt. Most times it does not work out but sometimes it does and taking a gamble on PEPE worked for us. Let's look at our PEPE journey so far.
- Bought 383M on the 29th March 2023 for $130
- Sold 83M after 10 days and cashed out $180
- HODL'd the past 371 days
Today our PEPE is worth $3150 and because we've already pulled our investment money out, it's 100% profit. How much more can it go? I think it could 4-5x from todays price. Why? Last cycle, DOGE hit a peak marketcap of $60B and we'd expect this to be higher this cycle because DOGE's inflation is very small. For PEPE to 4-5x from today, it would need a market cap of $20-25B which I think is realistic for its peak.
We'll continue to HODL PEPE
Getting Rich Slowly from June 2019
| Token Name | Main Account | Link to hive-engine |
|---|---|---|
| SPI token |  @spinvest | SPI |
| LBI token |  @lbi-token | LBI |
| Top XV token | @spinvest | XV |
| Eddie Earners |  @eddie-earner | EDS |
| EDS miners | @eddie-earner | EDSM |
| EDS mini miners | @eddie-earner | EDSMM |
| DAB |  @dailydab | DAB |
| DBOND | @dailydab | DBOND |