Currency $PEPE
After the giant media frenzy surrounding the Pepe coin from celebrities and investors, we see a quiet and smooth decline of the coin, where its volatility reaches high levels and can fluctuate by up to 5% of its market value in a single day.
This severe volatility in the coin illustrates the nature of cryptocurrencies as they are merely trend coins that rise with their popularity and fall with it as well.
Despite the rise and recovery of Bitcoin and most other coins, the Pepe coin has maintained a level below 0.00001 and may reach this value for a short period of time.
The oscillation and decline of this coin can be attributed to the fact that there are more than 410 trillion coins, making it difficult to stabilize at a strong price, which carries a significant risk in addition to being a meme coin.
What do you think? Do you believe that Pepe is the dark horse that will break expectations? Or just a bubble that will completely burst one day?
