Meme coin PEPE has recently attracted a lot of attention, but before entering, one must have a clear understanding of several key risks.
First is the issue of volatility. As a representative of Meme coins, PEPE's price is almost entirely driven by market sentiment and community consensus, lacking a solid application foundation to support its value. This results in price fluctuations far exceeding those of mainstream coins like Bitcoin and Ethereum.
From a technical perspective, PEPE currently faces a critical resistance level at $0.0000084. Breaking through this level could potentially open a new upward channel. However, to truly challenge the status of top Meme coins like DOGE, the price would need to increase by much more than expected, making it quite challenging.
The last, more fundamental issue is that its prospects heavily depend on whether the community's enthusiasm can be sustained and whether it can continuously generate topics and events that attract market attention. Without these, even the best technicals will struggle to support the coin's price movement.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
3
Repost
Share
Comment
0/400
LiquidatedAgain
· 01-09 04:57
Once again, liquidated. This time I learned my lesson—PEPE, I find it intimidating. It's purely an emotional play, and a single tweet can smash through your stop-loss point.
View OriginalReply0
UncleLiquidation
· 01-09 04:29
In plain terms, PEPE is just hype; without fundamentals, don't expect it to be stable.
View OriginalReply0
AirdropCollector
· 01-09 04:28
In simple terms, it's about betting on community popularity; without popularity, it can drop to zero at any moment.
Meme coin PEPE has recently attracted a lot of attention, but before entering, one must have a clear understanding of several key risks.
First is the issue of volatility. As a representative of Meme coins, PEPE's price is almost entirely driven by market sentiment and community consensus, lacking a solid application foundation to support its value. This results in price fluctuations far exceeding those of mainstream coins like Bitcoin and Ethereum.
From a technical perspective, PEPE currently faces a critical resistance level at $0.0000084. Breaking through this level could potentially open a new upward channel. However, to truly challenge the status of top Meme coins like DOGE, the price would need to increase by much more than expected, making it quite challenging.
The last, more fundamental issue is that its prospects heavily depend on whether the community's enthusiasm can be sustained and whether it can continuously generate topics and events that attract market attention. Without these, even the best technicals will struggle to support the coin's price movement.