{"id":538186,"date":"2024-06-20T12:40:39","date_gmt":"2024-06-20T12:40:39","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=538186"},"modified":"2024-06-20T12:57:48","modified_gmt":"2024-06-20T12:57:48","slug":"should-investors-buy-bitcoin-btc-this-week-or-pepe-unchained-pepu","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/should-investors-buy-bitcoin-btc-this-week-or-pepe-unchained-pepu","title":{"rendered":"Should Investors Buy Bitcoin (BTC) This Week Or Pepe Unchained (PEPU)"},"content":{"rendered":"

Bitcoin price was down about 6% for the seven-day window ending supper time Thursday in New York City. The little orange coin was down about 2% for the 24-hour period. For the 30-day period, BTC was trading up from $62,000 to support above $66,000 for most of the month. Do investors want to buy the original gangster cryptocurrency or one with juicier profits possible?<\/p>\n

On Thursday morning, USA Today reported<\/a>, “Bitcoin price today: BTC is down 0.04%.”<\/p>\n

“BTC had very humble beginnings when it was launched in January 2009. Fifteen years later, the world’s first cryptocurrency has completely shifted global financial markets and amassed a global market capitalization of $1.34 trillion,” the paper reported.<\/p>\n

Why was Bitcoin’s price stalling on cryptocurrency exchange markets with a global monetary revolution worth untold trillions of dollars underway? Courtesy of<\/a> Altcoin Daily\/TheStreet Roundtable: “Bitcoin price dips below $70,000 as investors flock to Apple and AI.”<\/p>\n

This is the way the world ends. Not with a bang, but with a ribbit<\/a>.<\/p>\n

Bitcoin Maximalism Is Not Good For Your ROI<\/h2>\n

Do your own research, investors. This is what Bitcoin maximalists were bargaining for when they clamored for mainstream adoption of cryptocurrency.<\/p>\n

Now newspaper headline readers who are keeping up with the Joneses are racing each other out of the Bitcoin ETF arcology that BlackRock erected in Manhattan for them so they could buy a stock even respectable enough for Berkshire Hathaway’s Warren Buffett.<\/p>\n

Now we have a situation where Apple can suck the air out of the room with a big product shake-up. Now we have an economy that doesn’t follow the rules of supply and demand according to the tokenomics of the currency, but according to broader market competition with established corporate brands.<\/p>\n

So what’s the bottom line for cryptocurrency investors?<\/p>\n

What’s an altcoin gem hunter supposed to do out here with Bitcoin going more mainstream than Taylor Swift and even Pepe Coin ranking among the top 20 cryptocurrencies with over five billion USD worth of market capitalization under its belt?<\/p>\n

As Decrypt pointed out<\/a> in a report Thursday: “Bitcoin and Ethereum Are Cooling Off—But Gaming Token Prices Are Down Bad.”<\/p>\n

That’s because tokens for gaming and utility as well as second layer meme currencies usually move with greater leverage and higher volatility than Bitcoin and Ethereum.<\/p>\n

Bottom Line For Altcoin Investors<\/h2>\n

In other words, when Bitcoin and Ethereum prices move up or down, currencies with smaller token economies typically move up and down at the same time– only they travel farther up or down the price chart during the same time and deliver cryptocurrency investors and altcoin day traders greater losses and gains than the blue-chip base layer tokens.<\/p>\n

That’s a good reason to put some of your stash in BTC and ETH when an investor wants their nest egg or savings account to remain more stable in market price, but to move some of it into new meme coin alt currency projects to invest in before they get off the ground.<\/p>\n

Investors who capitalize new currencies like Pepe Unchained– a new Layer 2 meme coin in presale with fantastic early results<\/a>– are taking a risk with their funds.<\/p>\n

As a result, some get rewarded far more than the average results of investors who take the easy way out and bet it all on orange.<\/p>\n","protected":false},"excerpt":{"rendered":"

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