Former US congressman David Gokhshtein says it is a meme coin that will outperform ADA and DOT.
‘This meme coin prepares discount price for NFT investors’
Gokhshtein, who previously supported LUNA, DOGE, SHIB and XRP, again this week drew attention to the meme coin market. The crypto phenomenon says Pepe Coin offers new opportunities in the NFT space. In his most recent statements, investors mentioned that he was divorcing their NFT and moving to Pepe.
Gokhshtein says this trend provides an ideal basis for purchasing NFTs at an affordable price. According to their statement, “People are literally waiting in line to switch their NFT to PEPE. This also presents a great opportunity for someone to buy some really quality NFTs.”
People are literally flooring their #NFTs to get into $PEPE.
This also presents a great opportunity for someone to snipe some really good quality blue chip #NFTs.
— David Gokhshtein (@davidgokhshtein) May 6, 2023
Pepe (PEPE) has gained more than 2,000% since its April 14 release. On May 3, it fell nearly 35% to $0.00000089 from the record high of $0.00000138 set two days ago. As a result of the correction, its market value fell by approximately $80 million. Thus, it broke out of the top 100 cryptocurrencies.
Soon after, OKX, Coinbase and the latest Binance listing turned the situation around. Pepe price registered 3-digit price rallies in a row this week after the above price movements. David Gokhshtein says this momentum is attracting more investors to the market, so Pepe is currently more productive than crypto giants like ADA and DOT.
“It will attract more people to the market than ADA and DOT”
Gokhshtein reiterated his previous statements about meme coins like Dogecoin and Shiba Inu for PEPE. He thinks these coins could attract many new retail investors to the cryptocurrency world.
Meme coins surround a large part of the crypto market today. Gokhshtein said that at the moment many investors are struggling to grasp the concept of “breast economics.” Therefore, PEPE may receive more attention from other cryptocurrencies such as Cardano and Polkadot. Gokhshtein points out that his teams and leaders have made technology too complex to explain to the average person.
We live in a meme economy and some people have a hard time understanding that. $PEPE will bring more people into this spaces than all your Polkadot’s and Cardano’s, who can’t explain the tech to the average normie.
— David Gokhshtein (@davidgokhshtein) May 5, 2023
Whales support Pepe Coin rally
Lookonchain reported yesterday that a whale paid 1,128 ETH (worth $2.17 million) for 760.6 billion PEPE. The whale bought loads of PEPE at an average of $0.000002859.
Another whale paid 622 ETH (worth $1.2 million) for 414.72 billion PEPE. Earlier, this whale bought 5.55 trillion PEPE for $409,000 and then sold 1.75 billion PEPE with 2,128 ETH (worth $4.18 million) at high profit.
This whale bought 414.72B $PEPE with 622 $ETH ($1.2M) 30 mins ago, with an average buying price of $0.000002912.
The whale bought 5.55T $PEPE with $409K at $0.0000000737 and sold 1.75B $PEPE for 2,128 $ETH($4.18M) at $0.00000239 before.
Currently holds 4.2T $PEPE($12M). pic.twitter.com/XZNE2NeCzp
— Lookonchain (@lookonchain) May 6, 2023
As Kriptokoin.com, we have mentioned that there are several red flag rumors about Pepe Coin. However, Binance and Tron CEOs advised to be cautious about meme coins yesterday. Pepe price is currently correcting around 15% after the recent rally.
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