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PEPE Price Skyrockets Over 100% in 24 Hours: Is it a Good Investment?

CJ - Crypto Speculator

The price of PEPE has skyrocketed over 100% in the last 24 hours, with the price currently trading at $0.00000106. The trading volume has also increased by over 200% in the same period. However, investors must consider caution when trading such new cryptocurrencies.

PEPE is a deflationary memecoin launched on Ethereum (ETH) network. The meme character, “Pepe the Frog,” is one of the most popular memes in the world and was created by cartoonist Matt Furie. While the sudden increase in PEPE's price is certainly exciting, it's essential to note that meme coins are highly speculative crypto market investments.

The 24-hour low and high are $0.000000522 and $0.000001013, respectively. The cryptocurrency market is notoriously volatile, and the price of PEPE could dump hard if top holders decide to sell the meme coin.

While the potential for quick gains is undoubtedly attractive, it's crucial to understand that investing in cryptocurrency comes with significant risk. Investing in $PEPE or any other new cryptocurrency requires thorough research, and investors must assess their risk tolerance before making any decisions.

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