Investing in PEPE? Controversial opinion from a crypto millionaire!

Despite its recent decline in value, PEPE, the memecoin featuring a frog, continues to generate excitement among its supporters. Glauber Contessoto, also known as “Dogecoin Millionaire,” has recently expressed a controversial point of view on Pepecoin, discussing the perfect timing to invest in this memecoin.

The “Dogecoin Millionaire” reveals the perfect timing to invest in Pepecoin

As the famous frog meme begins to deflate in the crypto market, investors are rubbing their eyes. Some wonder if the PEPE trend has already made its final acrobatic leap.

However, the eccentric crypto strategist recommends that enthusiasts patiently wait for the token to plummet by 80% to 90% from its all-time high (ATH) of $0.00000431 before jumping back into the PEPE pool. Social media platforms, including Twitter, erupted with this suggestion, leading to an avalanche of criticism and hilarious comments flooding Contessoto, a.k.a. Dogecoin Millionaire.

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

Some hardened mockers even suggested him return to his first love, Dogecoin, the meme that made him a millionaire. Others reminded him of his decision not to invest in Floki Inu, another memecoin, at the opportune moment. In response, Contessoto explained that he did not have the necessary funds at that time. Otherwise, he would have bought a billion Floki Inu coins without hesitation.

Contessoto made a name for himself with his eccentric investment ideas, garnering media coverage, notably on CNBC. In early 2021, he gained fame by investing all his savings in Dogecoin. This propelled him into the ranks of DOGE millionaires. However, the nearly 90% drop in the value of DOGE since its all-time high in 2021 caused him a significant loss in value.

The frog leaps lower and lower!

Market volatility has severely shaken Pepecoin (PEPE), causing its value and market capitalization to shrink. Today, PEPE is trading at $0.000001524, marking a 9.22% drop in the past 24 hours. Its value has plunged over 60% from its all-time high (ATH), and its market capitalization stands at $596.9 million.

Despite this steep decline, loyal Pepecoin (PEPE) followers remain hopeful, believing that the frog has not yet finished its show. However, it is wise to exercise caution. Remember that trends in this type of crypto without solid foundations never last forever; they inevitably dry up.