Recently, Pepe, the frog currency among meme coins, has become a hot topic on social media and chat groups. In the crypto market, when there are waves of crazy rises in altcoins like this, some experienced investors become wary because they know that it usually means that the market is about to undergo a correction.
Pepe coin brings valuable lessons to all meme coins. By clearing out short positions, it creates more buyers, reduces the number of profit-making orders, makes the market look more attractive, and the increase multiples are eye-catching.
However, as expected, this situation is usually short-lived. In the process, the wise will lock in profits, while the novices may get carried away by their enthusiasm. Regardless, Pepe Coin’s performance is impressive, but investors should be cautious as the market is fickle.
On Weibo, there is a jaw-dropping story about a person who turned $300 into $50 million in just 20 days, once again subverting people’s understanding of the crypto market. Dogecoin has experienced years of volatility, but one tweet was enough to change its fate, while Pepe Coin achieved huge growth in less than a month after landing on Uniswap's primary market on April 14, 2023.
BAB couldn’t stay out of the situation and followed the trend and launched a meme coin. Pepe may be just the first of many similar tokens to emerge. Changpeng Zhao himself admitted that this was to chase popularity and attract more users.
Pepe successfully landed on BA and copied the previous Shiba Inu coin model, but some investors did not seize the opportunity and may now regret it. Judging from experience, there may be altcoins similar to Pepe that will emerge, trigger people's crazy pursuit, and then achieve great success in a short period of time.
BAB will list Pepe at 02:00 on May 6, 2023.
Pepe’s predecessors, such as shitcoin and people, were also very popular in the currency circle at that time. They peaked quickly after reaching the BAB. BAB is considered the palace of meme coins. Once listed on BA, the market usually no longer has much room for growth, and listing on Binance is usually the moment when the popularity reaches its peak, which also facilitates the exit of major funds. Pepe is likely to follow the path of his predecessors.
Pepe's listing of BAB marks that its value has been realized, because the market's enthusiasm usually only lasts for a few days. As time goes by, the enthusiasm gradually subsides and the price stabilizes. This has happened many times in previous projects, such as mask, cfx, arb, etc.
Pepe really performed well. It became another project with an astonishing increase after 2021, with the price increasing by 370,000 times. Unfortunately, I missed this opportunity once again. Pepe is currently showing signs of peaking and is likely to peak in the next few days. So, are you ready to join this lively feast and become a big winner? It is worth noting that Shitcoin was the last project to see huge gains like Pepe, but about 10 days after Shitcoin peaked, the entire currency circle suffered a big crash, with the market falling by as much as 20%.
Why did the big crash happen? In fact, the reason is very simple. These meme coins triggered crazy wealth and FOMO effects, attracting a large amount of funds to pour into the market. People can't help but buy and chase and invest money in it. Wallets are then drained and the projects eventually evolve into an aircoin. People continue to rush into the market until there are not enough takers, and then the market naturally crashes. It's like pressing the accelerator of a car to the floor and racing, but eventually it runs out of gas, the car stops, and the price plummets.
I feel quite anxious when I see other group members successfully converting Pepe into U and going to BAB! Now you can directly and freely exchange it for U, and you are no longer restricted by the native dog. At the same time, Pepe still has huge potential to make wealth. The market value of shit coins has reached 40 billion yuan, while Pepe’s market value is currently 10.9 billion yuan. Using Shitcoin as a reference, Pepe still has 4 times its upside potential. Shit coins have an undisputed status in the field of meme coins. Therefore, it is a huge honor for Pepe to be able to use shit coins as an anchor.
Pepe’s rapid rise is closely related to its unique issuance mechanism. The Pepe contract contains a blacklist that permanently locks $8 million worth of Pepe tokens. The blacklist feature prevents specific addresses from receiving or sending coins, and addresses starting with “0xAf23” have been blacklisted by the creators of Pepe. This address purchased Pepe within hours of the Uniswap trading pair being launched and was then blacklisted 8 minutes after the purchase.
No other addresses are blacklisted except this one. The blacklist is permanent and cannot be modified because ownership of the contract has been relinquished. Pepe’s contract also contains a burning function but no minting function, meaning the supply of Pepe will only decrease from now on. Tokens held by blacklisted addresses will also be permanently locked, so wallets holding Pepe tokens are not completely safe either, as the authority to permanently blacklist rests with the contract creator.
So what about finding the next Pepe-like meme coin?
Meme coins are often more influenced by emotion and market psychology than fundamental value. This is related to the "castle theory in the air" in economics, where investors try to construct a fictitious investment concept and expect prices to rise in the future, rather than relying on the intrinsic value of the actual asset.
We should look for potential meme coins and formulate long-term observation and holding strategies.
Many 10,000 times coins are listed on decentralized exchanges such as Uniswap, such as Uncle, Shitcoin and now Pepe. Ways to find these coins include:
You can find relevant information on platforms such as Feixiaohao, and then go to decentralized exchanges such as Uniswap V2 to find these currencies.
There are two primary conditions.
First of all, you can continuously monitor the trading volume of currencies within a week, especially those currencies between the top 70 and the top 30 in market capitalization. Coins in this range have greater potential to become potential meme coins.
Second, pay attention to whether the currency has been listed on a centralized exchange, because once it is listed on such an exchange, it usually means that the popularity has begun to heat up and the price may also start to rise. At this time, it may not be wise to consider lurking.
There are three secondary conditions:
First, confirm whether the coin is being discussed on social media platforms, such as Twitter, Telegram, Discord, etc. Check the community's enthusiasm and discussion activity.
Secondly, conduct an in-depth study of its fundamentals, including the token’s economic model, destruction mechanism, lock-up mechanism, etc. Understand the inner workings and potential opportunities of tokens.
Finally, evaluate whether the name and logo of the token are easily accepted by the public, and whether it has cultural connotations of dissemination and appeal.
Finding the next 10,000x meme coin requires long-term thinking and observation, and requires long-term and patient holding of multiple tokens. In this process, personal insight and a certain amount of luck also play a key role. Generally speaking, this kind of investment risk is relatively low, and the probability of obtaining high returns is higher than buying lottery tickets. However, it also requires investors to have certain skills in crypto wallet management and decentralized exchange operations.
In the crypto industry, if you want to seize the next bull market opportunity, you must have a high-quality circle, so that everyone can stay together and maintain insight. If you are alone, looking around at a loss and finding that there is no one around, it is actually very difficult to persist in this industry. If you want to hug together for warmth, or if you have doubts, please pay close attention to the moon in Chang'an: Thanks for reading, see you next time!