Quote from: tvplus006 on September 14, 2023, 04:22:59 PM

Quote from: covfefe_ on September 14, 2023, 12:26:38 PM

... PEPE is an example for a coin I'd buy. Many people have jumped in in larger price than it currently is and buying and averaging now would be a good idea. Than investing in ICO of every new coins.

As for the Pepe coin, it could hardly be bought at the lowest price, such a privilege exists only for the project team. But after the listing on Binance, the value of the coin decreased by 6 times and accordingly all those who bought it on the exchange, now have a losing position. How long must it take for the price of the coin to go back to what it was before?

That is never going to happen, the team has already abandoned the project and left with most of the money as announced by them on their Twitter handle a few days ago if I remember correctly. What can be expected from a token that doesn't even have a team behind it or a team that has abandoned the project and run away with the money of the project? So, those who might be expecting a revival for PEPE, shouldn't do that as it's not going to happen.

Meme coins like Pepe can barely get hyped once in their total lifespan, and if they drop significantly after the hype and gain some value, there is basically no chance for them to go back to the peak or beyond that because if that was possible, there would be countless millionaires in the market by today.