How is the Pump System Used to Increase the Price of PEPE Tokens.
Recently, the very popular meme coin has provided a little guidance for us investors to determine the direction of investment we will make.
The meme coin that we want to discuss this time is PEPE COIN, this meme coin is very popular for cryptocurrency traders.
Why not? because in setting a record the price increase for pepe coins can increase in price up to 300% in a week and more than 600% in a month consistently.
This is what makes meme coins popular with cryptocurrency investors around the world, so that currently there are still many fans of them.
Even so, you have to remember that this meme coin actually has no real function or use in this world.
The meaning of the word has no real function is that meme coins usually cannot be relied on as long-term investments and usually people who invest in these coins do not keep them for a long time.
Usually they only rely on instant profits, maybe within a day it will be sold or even within hours they will immediately sell it when they get a profit of 1% -10% depending on the price increase at that time.
This method of trading is widely used by traders in coin memes, so the price cannot be determined by anyone.
This is also what makes meme coins less praised when the price soars, because this could be done by people who have large funds, so it can affect the price of the pepe coin.
Just like DOGECOIN before the arrival of Elon Musk, usually the price of DOGECOIN is exactly the same.
However, now it is different, because Elon Musk is now like the original owner of the meme token.
In fact, currently all of Elon Musk's companies accept payments using the meme token, namely DOGECOIN.
So the current price of DOGECOIN can be affected just by using TWEET from Elon Musk himself on the X app.
Until now, the clarity of the meme token in its entirety has no real function and use in any field and in any system.
This is also what makes the current population of meme tokens so large, because the developers themselves do not need to pay expensive fees to create a token with functions that are validated in the real world.
Usually the price of meme tokens is also influenced by several trading communities where they have scheduled days and times to pump the meme tokens.
So that when the predetermined price has been reached perfectly, they will make mass sales, so that when you go in to make a purchase you will only feel the loss.
This happens because they have made big sales in bulk while you have just started making purchases.
So when you choose to make a purchase, at that time they are choosing to make a sale and you only suffer a loss.
Even so, there are actually quite a lot of meme token holders and remain loyal to the choices they made.
In my opinion, you should not do this, because the price of meme coins is very sensitive to the price of BITCOIN.
Usually, if BITCOIN experiences a price drop of 5%, it can be confirmed that the price drop on meme tokens can reach 20% or even more.
Personally, I do not recommend and do not direct you to do this for the security of the funds you currently have.
In fact, you can just invest in meme coins, but try to get instant profits, so you can immediately feel the profits you get at that time directly.
*Always do DYOR*