Pepe Coin stays an lively subject of dialogue. Early traders’ investments have already inflated, with many turning into millionaires. Market members who missed the prospect of driving on the wave are presently on the lookout for the proper alternative to step into the market. At press time, Dogecoin millionaire Glauber Contessoto shared his opinion on the scenario. He not too long ago took to Twitter to disclose the very best time to purchase Pepe Coin. Elaborating on the identical, Contessoto tweeted,
“when it’s 80-90% down from All Time Excessive (1.5 Billion Market Cap)”
Glauber Contessoto earned the Dogecoin millionaire tag in 2021. At the moment, he invested round $250,000 in DOGE, and inside a few months, his funding ballooned. Dogecoin was priced at round 4.5 cents when Contessoto purchased the meme coin. Consequentially, when Dogecoin peaked at 73 cents, the worth of his holdings reportedly crossed $2 million.
Folks’s convictions with respect to Dogecoin remained untethered. A couple of believed that it’s going to “be large very quickly.” The truth is, even the Dogecoin millionaire shares the identical faculty of thought. He affirmed on Twitter that he “by no means left DOGE” and continues to carry “each single coin.”
Additionally Learn: Is Selling Shiba Inu for Pepe Coin a Better Strategy Right Now?
Pepe Coin consolidates
On Tuesday, Might 16, Pepe was the third largest meme coin, after Dogecoin and Shiba Inu. Its market cap was hovering round $660 million at press time. Because of this, it comfortably managed to eclipse different outstanding cash like Bone ShibaSwap, Dogelon Mars, and Child Doge Coin.
On the worth entrance, Pepe Coin was one of many largest weekly losers. It had shed nearly 10% of its worth, whereas Dogecoin and Shiba Inu shed solely 0.3%-1% of their respective values.
Within the quick timeframe, Pepe is presently buying and selling inside a horizontal band between $0.000001990 and $0.0000016066. This comes on the heels of Friday and Saturday’s spike of 70%.
Additionally Learn: Will the Pepe Coin Frenzy Instigate a Bitcoin Downfall?