This is what is happening: You have $300 and open a Coinbase account. You log in and realize BTC is too expensive at $60k. You realize you can't afford to become a whole Bitcoiner for now. Then you scroll down and see a bunch of meme coins, and you think... what if? what if this thing goes up to $1. That will most likely never happen, but these meme coins give you hope. You press buy, and hope to hold for long. Then a whale comes and sells on this liquidity and leaves you there. That's the story of meme coins. PEPE has a strong meme, and can hold for now, but be realistic about your expectations, and size accordingly. Never put more money than what you can afford to lose. Godspeed.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.