Quote from: AmoreJaz on May 12, 2023, 11:24:28 PM

Quote from: tvplus006 on May 12, 2023, 08:56:35 PM

It is enough to look at the Pepe coin, which made so much noise, showing a record 88000% profit in just 2 weeks, to understand the risks of investing in a memecoin. Those who bought Pepe at high now have a very large loss, since the price of the coin has decreased 4 times in just one week.

and soon, it won't be only decline of 4 times but high likely it will be abandon in the trading market. that's the dilemma of going into this type of token. the survival rate is very low. and it happens to a lot not only meme tokens but a lot of alts. very few survive. most of the dev teams are really not worth calling them as developers. most of them are just money-grab projects without long-term plans.
lucky for him, SHIB is still active in the trading market, what more of those other meme tokens which are not available anymore in the market?

It is very difficult to predict the further movement of the Pepe price, since we do not know what the future plans of the team of this coin are. After reducing the price by 4 times, we saw a fairly rapid increase in the price by 100%. It is possible that now there is another pumping of the coin in order to fix the profit after the last fall.