Invest in PEPE?  The controversial opinion of a crypto millionaire

Despite the recent decline in its value, PEPE, the frog memecoin, continues to arouse the enthusiasm of its supporters. Glauber Contessoto, also known as “Dogecoin Millionaire”, recently expressed a controversial view on Pepecoin, addressing the ideal timing to invest in this meme coin.

The “Dogecoin Millionaire” reveals the perfect timing to invest in Pepecoin

As the famous frog meme begins to deflate in the crypto market, investors are rubbing their eyes. Some wonder if the PEPE trend has already made its last acrobatic leap.

Still, the wacky crypto strategist recommends enthusiasts wait patiently for the token to plunge 80%-90% from its all-time high (ATH) of $0.00000431 before jumping into PEPE again. Social networks including Twitter went wild over this suggestion, with an avalanche of hilarious reviews and comments flooding Contessoto aka Dogecoin Millionaire.

Some hardened scoffers have even suggested to return to his first love, Dogecoin, the meme that made him a millionaire. Others have reminded his decision not to invest in Floki Inu, another meme coin, at the appropriate time. In response, Contessoto explained that he didn’t have the necessary cash at that time, otherwise he would have bought a billion Floki Inu coins without hesitation.

Contessoto has made a name for himself through his outlandish investment ideas, media coverage, including CNBC. At the beginning of 2021, he rose to prominence by investing all his savings in Dogecoin, which propelled him to the rank of DOGE millionaires. However, the nearly 90% drop in the value of DOGE since its all-time high in 2021 has caused it a heck of a loss in value.

The frog jumps less and less high!

Market volatility has severely shaken Pepecoin (PEPE), melting its value and market capitalization. Today, PEPE is trading at $0.000001524, registering a fall of 9.22% in the past 24 hours. Its value has plunged more than 60% from its all-time high (ATH), and its capitalization market value stands at 596.9 million dollars.

Despite this dizzying fall, the faithful followers of Pepecoin (PEPE) remain hopeful and believe that the frog has not yet finished its show. However, it is wise to exercise some caution. Remember that trends in this kind of crypto without solid foundations never last forever, they inevitably dry up.

Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of newsletter daily and weekly so you don’t miss any of the essential Tremplin.io!

Similar Posts