Former Dogecoin millionaire, Glauber Contessoto, recently took to Twitter to offer his insights on Pepe coin. Despite the meme token’s retraction in value, Contessoto recommends waiting until it drops by 80% to 90% from its all-time high (ATH) of $0.00000431 before investing in Pepe again. However, his suggestion faced much criticism from users who claim that the Pepe pump is over. Pepe coin is a meme coin developed on the Ethereum blockchain and holds a link to the internet meme, “Pepe the Frog. Following its launch, the token rapidly gained popularity, becoming the fastest Ethereum coin to hit a $1 billion market cap within a month. Nevertheless, its fierce volatility has drained its value and market cap, with the market cap currently sitting at $660.9 million. According to CoinGecko, Pepe has seen an increase of over 21,950% within the past month; however, it has plummeted by over 60% from its ATH. It is now trading at $0.0000016525 and has dropped by 2.25% over the past 24 hours.
About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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