Cryptocurrency markets have brought immense profits to investors who have bought the dip in the past four-year cycles. Prices have increased hundreds of times, with some altcoins skyrocketing from all-time lows. However, some coins have also gone to zero. The risks in crypto investing are as significant as the gains, and investors must be aware of this.
PEPE Coin (PEPE)
While the crypto market was gloomy in May-June, PEPE Coin suddenly shined. However, the wrath of the SEC did not allow for the expected massive growth. Nevertheless, due to the hype on social media, the PEPE Coin team successfully managed to get listed on Binance, which will ensure their survival in the medium term.
The creators of this token drew inspiration from the famous “Pepe the Frog” meme. Like other meme cryptocurrencies, it has no intrinsic value and its price only increases or decreases based on the interest of the community members.
This meme coin brought significant gains to its investors before June, but currently, it is trading 81.73% below its all-time high reached on May 5, 2023.
Becoming a Crypto Millionaire with PEPE Coin
According to the official website of the project, PEPE has a total supply of 420,690,000,000.00.000 tokens. As a meme coin, it ranks 107th among the largest cryptocurrencies and has a market value of $312 million. Despite some market participants’ skepticism, PEPE has a high chance of survival.
Despite the recent chaos within the team, the community remains strong. Additionally, listings by giants like Binance have allowed it to survive at least in the medium term. If the interest remains strong, PEPE Coin can solidify its position among established meme coins, following in the footsteps of DOGE and Shiba Coin.
To become a crypto millionaire with PEPE Coin, it is possible when the price returns to its all-time high level of $0.00000431. However, you would need to purchase 232,019,487,536 PEPE at today’s price, which amounts to approximately $182,000. But is there a guarantee that the price will reach its ATH level? No, there is no such guarantee. In fact, the price could go to zero and wipe out your $182,000.
On the other hand, is there a possibility of investing in different altcoins and earning even more profits? This possibility is much stronger than the price going to zero because there are many altcoins that have recently entered the market and have hit rock bottom. We have seen altcoins that have increased hundreds of times above their initial price in the past, and assuming this will happen in the future, some alternatives could allow you to make not just 1 but 10 million dollars in profit during a bull market.
Alternatively, we may never see a new bull season. Investors who have accumulated their savings with hopes of big profits may see their capital go to zero.
