Buying Pepe Now Is Like Buying Bitcoin at $16K: Crypto Expert
Currently the third-largest memecoin in the industry, Pepe (PEPE) is among the few meme cryptos launched in recent years that have managed not only to sustain their value but also see significant price increases even after their initial hype died down.
The project, despite not boasting any serious utility at the moment, is dubbed by many, including experts, as one of the best investment alternatives to Bitcoin worth considering right now.
Pepe Could Make an Upward Move Similar to BTC
1000PEPE price chart via Bybit, one-day Bollinger bands
Currently sitting at a market cap of more than $3.3 billion after Bitcoin’s pullback this week, the PEPE token is priced at around $0.000008. Recently, the popular crypto expert who goes by the name Bluntz tweeted on X about his bullish views for the PEPE token.
His comparison between PEPE and Bitcoin highlighted intriguing similarities in each crypto’s price movements. As depicted in the charts, both assets experienced a significant downtrend followed by a period of consolidation at their respective lows.
For BTC, this occurred around the $16,000 level, which marked the bottom of its cycle before a substantial rally began. Similarly, PEPE appears to be showing a similar pattern, with a marked decrease followed by stabilization.
took one look at $PEPE this morning and had deja vu like i'd seen this before.
— Bluntz (@Bluntz_Capital) August 24, 2024
i had and it was btc at the 16k cycle bottom lows pic.twitter.com/TZFQt9qgfz
Bluntz’s analysis makes sense as it draws attention to the increasing volume and price breakout seen in both charts, signaling a potential reversal.
If PEPE follows a similar trajectory to BTC's cycle low, it could indicate that the memecoin is on the verge of a significant rally. This pattern, if it holds, suggests that PEPE might replicate the explosive growth BTC saw, potentially being a profitable bet for investors.
With over 270k followers on his account, the tweet itself gained massive traction, creating a sense of bullish sentiment among the PEPE community. Pepe, however, has not announced any major developments or upgrades to its community yet that could act as an additional catalyst for a price increase in the coming weeks.
So, while the technical analysis of the expert may be sound, it could also be simple speculation that may not come true, given the vast difference in volatility and market cap of the compared projects.
Is it a Good Time to Buy Pepe?
Given the rough conditions that the market is going through right now, it may be confusing for any investor to consider parking funds into high-volatility projects like Pepe. However, like Bluntz, many other analysts have also seemingly shared their bullish views on the project, which could mean that even if there may not be an immediate surge in value, the PEPE token may still be a good investment option.
So while it may be a good time to invest in PEPE, one may still want to be a bit smart with their buying strategies. One way of potentially minimizing risk while also increasing the likelihood of huge profits is to diversify funds into good memecoins.
The best bet in such cases is often projects in their early phase—since these projects can be bought at a discounted rate and hold a higher chance of a pump with launch hype, listings, and other early-phase developments.
In one of his videos, trending crypto YouTuber Jacob Crypto Bury highlighted three such projects that many believe could indeed be good buys, given their innovative concepts and growing communities. These projects are:
Pepe Unchained
Pepe's journey to a multi-billion-dollar valuation has been nothing short of remarkable, turning early supporters into big winners. Pepe Unchained claims to enter the space with the same goal, while positioning itself as the enhanced, better version of the original PEPE token.
By utilizing Layer 2 scaling technology, Pepe Unchained aims to deliver lightning-fast transactions and drastically lower fees, making trading smoother and more efficient. This could be a game-changer, especially for those who’ve felt the pain of high gas fees and sluggish transactions.
The project’s focus on community engagement and long-term sustainability is clear in its thoughtfully designed tokenomics of PEPU, its native token. With a portion of the tokens reserved for presale and staking rewards, there is an incentive for early buyers too, which has helped the project raise over $10 million within just a few weeks. With these elements contributing to its popularity consistently, the project could definitely be a great option to add to one's portfolio alongside PEPE right now.
Crypto All-Stars
Crypto All-Stars is among the most talked-about presales in the memecoin space right now, drawing attention from both investors and influencers. The project uniquely unites iconic memecoin mascots like Doge, Shiba Inu, and Pepe the Frog, creating a nostalgic yet innovative ecosystem. This concept is very innovative, as it managed to bring together huge chunks of investors from communities of multiple memecoins simply by adding the mascots as a part of its primary design.
The project's main offering is the MemeVault, where users can stake their favorite memecoins or STARS tokens for substantial rewards. The staking mechanism for STARS is designed to potentially triple returns, making the native token also an attractive option for long-term investors alongside other top memecoins.
Backed by a strong social media presence and endorsements from major crypto influencers, the project could be among the top gainers in the coming months, especially given the current surge in demand it has been recording in the past few days.
TopG1500
TopG1500 would arguably be one of the most creatively created projects in the space right now, as it ties its identity to a real-world mission inspired by the controversial internet figure Andrew Tate. Created by UK-based developer Jake Guerilla, this Solana-based token launched in June and has quickly gained popularity, especially among fans of Tate.
The project revolves around Jake's 1500-mile journey from the UK to Romania to meet Andrew and Tristan Tate, a unique narrative that has captivated investors. Unlike typical memecoins, TopG1500 lacks an official website, relying solely on Jake's social media presence to build its community, which has already amassed over 65k followers on Instagram.
What started off as a single man's effort managed to generate a huge community, taking its price from the $0.00008 range in July to over $0.005 earlier this month, which marked its current all-time high.
After a correction that brought down the native token T1500 to $0.0008 once again, the meme token has now recorded another reversal with the price currently trading around the $0.0015 range.
This price reversal has been met with much bullishness from the community, which believes that T1500 could be among the most profitable memecoins this season - especially as it was recently confirmed that Andrew Tate’s team will be sponsoring the meme coin with merchandise.
On a recent podcast, Tate even commented ‘have you seen the guy walking from Romania to meet me’. Find that clip on the TopG1500 X account.
Recently, the memecoin space has since seen other similar projects pop up too, an example being the DADDY token of the Daddy Tate project, which is also themed around Andrew Tate and is currently one of the most trending tokens on Dextools. This means that there has surely been an overall surge in investor activity and engagement within the category, which could be a good sign for memecoin enthusiasts.
If Pepe follows a trajectory similar to Bitcoin as speculated by the expert, it could potentially lead to a surge in demand for top memecoins across the board. In such a scenario, investing in low-cap tokens like the three mentioned above could be a lucrative alternative to Bitcoin in the next quarter.
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