Hello to all my dear readers of Inleo....
Today I want to talk to you about something that has caught my attention lately, and that is the rise of emerging cryptocurrencies. In particular, I want to focus on one that gained popularity quickly as it was PEPE, that coin based on a MEME that became one of the Memecoins with a lot of value in its beginnings, and that at the time of writing this article continues to maintain a higher value than the initial output value.
Get like and enjoy this reading, as I hope you find it as interesting a topic as I do.
Table of contents for this article:
♦ What is PEPE?
♦ Why is it considered a MEMECOIN?
♦ PEPE value increase since its inception.
♦ Final opinion
What is PEPE?
Let's talk about PEPE, this cryptocurrency has been on the radar of many investors due to its rapid growth and unique value proposition, and you are probably wondering why this coin has so many people interested in it.
The answer lies in the Crypto community itself, as what makes PEPE unique is its focus on community and user engagement. PEPE holders not only own a coin, but are also part of a vibrant and active community, as all of us in the crypto world are also MEMES lovers. This creates a sense of belonging and engagement that can be very attractive to investors.
If you are in the crypto world it is impossible that you did not hear about the great fame that this currency had, and at the time everyone wanted to buy the token to have profits, even the faucet style pages that give fractions of cryptos for viewing advertising, also began to give the PEPE token to its users, because many wanted to have it.
I personally did not buy it, but I was analyzing very well its behavior, and here is what I managed to learn from this token...
As a curious fact, here in our Hive network we also have a token with this same name PEPE, and if you want to see more you can see it in the account @pepetoken
Why is it considered a MEMECOIN?
PEPE falls into the list of tokens that are called MEMECOINS, and for those who do not know what these coins are, I tell you that they are coins created without any use, and its popularity and value is due to the fomo that take the same, being supported by a crypto community, unlike other Crypto like HIVE, BTC, LTC, EHT, MATIC or others that have a use case or more serious financial fundamentals, the MEMECOINS are just that (A meme), that the community supports and that is what gives it the value.
Another example with more seniority in the market can be DOGECOIN, this also falls into the category of MEMECOINS, because it does not really have a use beyond the speculative, it is only about buying and selling.
PEPE value has increased since its inception.
PEPE was released on 04/17/2023 with a value of 0.00000019$, and as of today 11/02/23 its value is 0.00000115$, so the users who bought the PEPE token at the time of its release, today are still in profit, imagine that you had bought 100$ in PEPE token which would be the amount of 526. 315.789 Tokens, and if you sell them at the value indicated above, it would be a total of $605, taking into account that we invested only $100 we have net profits of $505 in a range of only 7 months, not to mention that PEPE came to be at a peak much higher than it is now.
On 05/05/2023 the PEPE token reached a value of 0. 00000431$, and following the same example of previous purchase, we would then have a sale value of 2268$, a complete madness to think that only 100$ was invested (This is just an example) and I talk about this so you can see in a more graphic way what is the fomo that can take a MEMECOIN, and see that it has a very great potential, and those who venture and risk to enter in these coins, can have very good profits, but first of all you have to investigate things very well.
Final opinion.
Then we can understand that the MEMECOINS are very volatile, and can make you a lot of money, but also may not, so my final and personal opinion for this topic is: Invest small amounts in the MEMECOINS that you see a possible increase in value, because even if it is an amount of only 10$, it can make you good money as in the example shown above.
And another thing you have to keep in mind, they are very prone to rise abysmally, as well as their demise can be, so operate everything with great caution in the crypto market.
And if all goes well, and you already have profits from some MEMECOINS sell and buy USDT to maintain its value, then divide the entire fund earned in three parts:
♦ Recoup your initial investment and keep it.
♦ Allocate another small part of the profit to a savings fund for more serious and long term investments.
♦ And finally, put a last part in a personal savings fund that you can use for personal expenses.
This I say here is just my personal advice, because it is what I do whenever I can, and I hope it also works for you, with this I say goodbye and I hope this article has been of much interest to you, because it was a topic I wanted to talk about a while ago, but today was the right day.
Happy day to all my dear readers, and remember to leave your opinion in the comments, I hope you have a great day....
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The character used to edit the cover of this article was created with the Bing tool.
English is not my native language, so I have used Hive Translator.