Former “dogecoin millionaire,” Glauber Contessoto has revealed to his followers the best time to invest in the meme coin PEPE. He offered his advice to people who are interested in the trending token.
It is no news that cryptocurrencies are very volatile assets, and knowing when to invest is very important. Glauber shared his opinion on his Twitter page on May 15.
In his tweet, he said people have been asking him about the best time to invest in PEPE, and he gave his response. According to him, the best time to invest in PEPE is when it’s down 80%-90% from its ATH of $0.00000431 before purchasing.
People ask me when will be the best time to buy $PEPE – I’ll tell you..
when it’s 80%-90% down from All Time High (1.5 Billion Market Cap) 🐸
— SlumDOGE Millionaire (@ProTheDoge) May 15, 2023
Recall that the 35-year-old Glauber Contessoto became famous for becoming a millionaire by investing in Dogecoin. He made headlines in some major news media such as the NY Times, and CNBC. He is also famous for his bold cryptocurrency investment strategies.
He became a millionaire in 2021 after DOGE experienced a massive rally and earned him the nickname “Dogecoin Millionaire.” Although he no longer has the millionaire status, people still look to him for investment advice.
- Chris Blec and Other Crypto Analysts Call PEPE a Scam
- Pepe’s Market Cap Falls Below $1 Billion After Investors Withdraw Profits
- BREAKING! Binance to List PEPE and FLOKI in the Innovation Zone
Dogecoin however has since dropped rapidly from its all-time high. Stats from CoinGeko revealed that it is down about 90% from its record ATH.
PEPE’s growing popularity
Pepe (PEPE) an Ethereum-based meme coin has gained massive popularity and trend since its emergence. It was launched in April 2023 and has since printed several millionaires with its record price surge.
It holds the record of the fastest Ethereum-based token to reach the $1 billion market cap, crossing it to over $1.6 billion. However, the market cap of the coin has since dropped back below $1 billion following the very volatile nature of meme coins. It is currently down about 60% from its record high.
In as much as some experts have called the PEPE project a scam, lots of investors are still hopeful for the future of the project and are still willing to invest following Glauber’s advice.
He advises his followers to hope for a potential rebound in price. His strategy is a very popular one with experienced crypto investors, “buy the dip.”
PEPE price today
According to live data from CoinMarketCap, PEPE is currently selling at $0.000001685. It is 2.61% in the last 24 hours. What’s more, PEPE is ranked at #65 on the CoinMarketCap chart with a live market cap of $661,658,644 USD.