• An analyst on Twitter has drawn a comparison between PEPE and Zoom shares, claiming that the Dogecoin rival is poised to turn your $100 investment into a million-dollar fortune.
• Many of Kaleo’s followers are not in support of his stance, citing differences in fundamentals between Zoom and PEPE.
• As of the time of writing, PEPE is trading at $0.000002273 and ranks as the 53rd largest cryptocurrency.
Dogecoin Rival: A Million-Dollar Fortune?
A top crypto analyst on Twitter has drawn a parallel between PEPE and Zoom shares, suggesting that the Dogecoin rival is poised to turn your $100 investment into a million-dollar fortune. Pseudonymous analyst Kaleo revealed in a Twitter thread that PEPE’s recent price explosion is comparable to Zoom’s (ZM) early 2020 price movement, resulting in over an 800 percent increase in less than 12 months at the time.
Differences In Fundamentals
Many of Kaleo’s followers are not in support of his stance, citing differences in fundamentals between Zoom and PEPE. Notably, Zoom had a boom in demand for its services due to millions of individuals abruptly changing to remote work and online meetings following the pandemic which resulted in a huge increase in its stock price. On the other hand, memecoins are frequently developed as parodies or jokes, with their value driven entirely by social media excitement instead of any inherent worth or function.
PEPE’s Current Price
As of the time of writing, PEPE is trading at $0.000002273 and ranks as the 53rd largest cryptocurrency according to data from CoinMarketcap. The memecoin has established itself as one of the clear leaders among its competitors with such track records over past few weeks making it difficult to predict whether it will generate returns for investors in future or not.
Can It Generate Returns?
It is difficult to predict with certainty whether PEPE will generate returns for investors but given its current track record over past few weeks there may be potential for it do so if it continues behaving similarly to popular tech stocks like Zoom .
Conclusion
In conclusion we can see that while many disagree with Kaleo’s stance regarding comparing both coins due to differences in fundamentals ,Pepes’s current track record makes it difficult to predict whether investing can result into returns or not .