Could PEPE be the biggest mm coin in 2024? (ChatGPT Answers)

TL; DR

PEPE hit a new all-time high on May 15th, hitting a market cap of nearly $5 billion, making it the third-largest Mame coin. If it continues its price growth, gains community support and receives influential endorsements, it could become the leading property in the state (according to ChatGPT).

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What are the possibilities of PEPE?

The frog-themed meme coin – PEPE – has gained more popularity in the past few days due to its rapid price increase. as a Cryptopotato reportedIt hit a new all-time high on May 15, while its market capitalization reached $5 billion. The increase places PEPE as the third largest in the meme coin realm, behind Dogecoin (DOGE) and Shiba Inu (SHIB).

We decided to ask ChatGPT if the rally can continue in 2024 and if he can lead the team.

The AI-powered chatbot has listed several important factors that could trigger such a turnaround, the speed of the market being the main one.

“If PEPE continues its trend of high price increase and superiority over other coins terms Market value and transaction volume, may be the primary meme coin.

Other important factors include the support of the community and the support of influential people. It is worth noting that a survey was conducted at the end of last year. Shiba Inu (SHIB) According to Meme Coin with the strongest fan base, PEPE was third.

Regarding celebrity endorsements, one should mention that Dogecoin (DOGE) is Tesla CEO Elon Musk's favorite cryptocurrency. This is probably among the reasons why the property is such a dominant meme coin.

Soon, however, one of the richest people Posted Controversial image on X of a frog dressed as a soldier. Some industry participants described the move as a pro-PEPE move.

The success of PEPE in one year

The meme coin saw the light of day in April 2023, which instantly turned into a sensation. Desire In it quickly added In the coming months, it coincides with its price rally and the support of the leading cryptocurrency exchanges.

They include some giants that allow commercial services with PEPE BinanceBybit, OKX, Coinbase, Bitget and many more.

The token has an amazing rise in a short period of time Duration of time It is awake Savvy traders to make high profits. However, investors should too keep in mind Due to the volatile nature of PEPE and the entire Memcoin sector, they could suffer serious losses before entering the ecosystem. If you want to protect yourself from some common mistakes related to the issue, please watch our exclusive video below.