What is going on, everybody? I am back today with yet another blog for you. Today, guys, we’re going to be giving updates on Pepe Coin.
Now, remember, as always, I like to preface by saying that I’m not a financial advisor. I’m just putting you guys on the plays that I’m in.
Now Pepe is consolidating very nicely over the last 24 hours, as you can see here on Dex Tools. In terms of its price action, we saw this thing run up after Lon’s initial tweet, followed by a very nice consolidation holding strong between a 715 to 107 to 780 million dollar market cap.
There’s a pretty big gap between the bottom and the lower half there, but of course, with that being said, it’s been, you know, what I would consider an opportunity. Some people are swing trading. As you can see, there are different points at which you can be buying and selling Pepe for profits, but for long-term holders, the question is what’s coming next.
Now, first and foremost, let’s look at crypto. nice little bump on eth sitting at 1827 off 1.26 on the day Bitcoin up one point four one percent on the day, and I think that what I’m most interested in is Dogecoin and Shiba Inu paying attention to their different volumes.
Chip has a 90 million dollar trade volume over the last 24 hours, and Dogecoin has 181 million dollars. Would you think Pepe would be probably somewhere around there as well? No, you’re mistaken.
Pepe actually has a 463 million dollar volume over the last 24 hours, four times that of even Dogecoin and more so than Shiba Inu, and the question is why are we not seeing the price actually continue to fly? People are taking profits, and people are doing their thing, which is okay.
I understand that’s part of the game is taking profits finding entry points finding exit points. But the most interesting thing here for the last seven days over a week Pepe has held more volume than all these other crypto assets including the biggest meme coins in the market Shiba Inu and eth.
But Pepe right now is competing with xrp ripple cardano in terms of daily volume exchanging the hands of Traders.
So, the reason I bring this up is of course, it raises the Brows of big ex changes if they see these kind of numbers and holding pretty strong though volume is down 50 on the day it’s still significantly higher than the other crypto assets and remember the most important thing about Pepe it still has not seen a bull run.
Remember Shiba Inu in 2021 when it was consolidating for quite some time then it went up over almost eighteen hundred percent in the month between September and October of 2021 and the expectation right now is Pepe returning to all- time high isn’t too far-fetched.
What’s happening? Why has Elon finally decided to actually engage with Pepe? It’s not something you can overlook; the fact is, he’s the most influential individual on the platform. We know that for a fact.
With that being said, does this mean that we will have full support from Elon Musk, and are we all still considered early investors in Pepe’s opinion? Yes, I can never tell you to buy, sell, or hold any crypto asset in the market, but I can always put you guys on the plays that I’m in, so make sure you do your research and do your due diligence because my anticipation for Pepe is going to be special, but with that being said, it will also be a very bumpy ride like we saw.
Looking forward to what’s next, I appreciate your support as always, and I make sure you guys are paying attention because I think again that the big thing that we need to look forward to right now is two or four big centralised exchange listings, so one Coinbase, one Robin Hood might be sooner than most of us think, and until next time, everybody, as always, keep investing in peace.
