In the absence of new investors, there are still breakthroughs in the prices of some coins due to psychological and news reasons. This explosion creates a motif of its own existence.
4 stages of existence of “Junk Coin”
@StockmoneyL proposed 4 stages of existence of a “Sh*t coin” (junk coin) and used it to predict emerging Meme Coins such as PEPE.
Possible stages of existence of a Meme coin.
Source: @StockmoneyL
Even though it is called a "trash coin" or has ironic names, it still has an irresistible appeal to many investors because of its price increase margin of dozens of times. On the other hand, it can still become a "get rich quick" opportunity for some people. The 4 stages of existence of these coins can be:
Ramp-up: Appear and hold the price to create psychological attraction as a potential opportunity. At this time, there is not much positive news but is only scattered in the community.
Hype: A stage of being so hyped and exaggerated that it is difficult to fathom the peak. The resonance of mass psychology causes the coin to only be bought strongly and increase in price. At this time, the number of mentions on social networks and media is overwhelming.
Consolidation: If that coin continues to be valued by the team and connected to many other parties, its price will consolidate at a high level (compared to before) despite its decline.
Death Valley: (death valley) Over time, if the market has no new capital flows or new investors, the coin still exists but the price slowly decreases.
The above observation boldly predicts that the case of PEPE is entering the third stage and may move to the "valley of death" stage.
PEPE still receives a lot of excitement
The above prediction is still a prediction. Even the market is still not sure whether PEPE has gone through phase 2 (hype) or not. Recently, PEPE has still received a lot of good news.
PEPE is rumored to be listed on Coinbase in the next few days. Coinbase's official twitter page did not confirm this but most comments called out PEPE. Meanwhile, previously, Coinbase faced a fierce boycott after sending the "FUD" PEPE email. This shows that the enthusiasm of the majority is still very strong with PEPE.
What do you think about the fate of PEPE in the future?
