Is This Dogecoin Rival the Next Pepe to Turn a Fortune? Report

• A top crypto analyst on Twitter has drawn a parallel between PEPE and Zoom shares.
• Despite their pedigree, the community disagrees, citing differences in fundamentals.

Pseudonymous analyst Kaleo has stated that the Dogecoin rival, PEPE will continue to rebound if it continues to behave similarly to popular tech stock, Zoom.

While referencing a chart, Kaleo revealed in a Twitter thread that PEPE’s recent price explosion is comparable to Zoom’s (ZM) early 2020 price movement, recording over an 800 percent increase in less than 12 months at the time.

If I have the ability to create bottoms in markets, surely I have the ability to create tops.

Here’s a comparison of $ZM during the Covid bubble vs. $PEPE now.

You can fade this move here ➡️ https://t.co/32dHnZIFxS pic.twitter.com/n1KjeJDpu2

— K A L E O (@CryptoKaleo) May 4, 2023

Additionally, the pseudonymous analyst established that Zoom traded beneath a diagonal resistance. In his opinion, this resembles the market structure of the memecoin at the moment on the shorter timescales.

According to the details provided in Kaleo’s chart, it seems he sees the PEPE climbing toward $0.000007 before topping off and reversing its trend. Interestingly, many of Kaleo’s followers are not in support of his stance. According to them, both Zoom and PEPE cannot be compared because they are not related and the scenarios are different. 

Notably, Zoom had a boom in demand for its services, resulting in a huge increase in its stock price following the Pandemic, with millions of individuals globally abruptly changing to remote work and online meetings. 

On the other hand, memecoins are frequently developed as a joke or parodies, and their value is driven entirely by social media excitement and conjecture rather than any inherent worth or function.

Can PEPE Generate a Million-Dollar Return for Investors?

Although it is difficult to predict with certainty whether PEPE will generate a million dollars in returns for investors in the future, the memecoin has established itself as the clear leader among its competitors with such track records over the past few weeks. 

As of the time of writing, PEPE is trading at $0.000002273 and ranks as the 53rd largest cryptocurrency, according to data from CoinMarketcap.

In addition, we can see that the price of PEPE in BTC has increased by 8.78% and the price of PEPE in ETH has increased by 9.30 percent over the same time period. Overall, the price of PEPE has consolidated over the past 24 hours.

Remarkably,  the PEPE coin, which is less than a month old, has surpassed seasoned meme coins such as Dogecoin and Shiba Inu. Significantly, a recent report has revealed that a crypto trader profited 38,675 percent by trading PEPE. 

However, it is critical to understand that cryptocurrencies are extremely speculative assets, and investing in them can be risky. PEPE’s value, like all cryptocurrencies, is subject to market swings and can be influenced by a range of variables such as changes in investor mood, global economic conditions, and regulatory developments.

While some investors have generated significant returns by investing in cryptocurrencies, others have experienced significant losses. Therefore, investors should carefully consider their own financial situation and risk tolerance before investing in PEPE or any other cryptocurrency.

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