The enthusiasm for Pepe Coin (PEPE) has been on a steady decline since its mid-April surge that saw the crypto token reach a market capitalization of $1.8 billion. Currently, it is trading in the mid-$0.0000014s, down about 70% from its all-time high of $0.000005. If the resistance of the $0.0000012-13 area is broken, it will likely fall back to its earlier support levels of $0.0000009 and $0.00000076.
Given its current price, Pepe has a bloated market capitalization of around $600 million, limiting the potential for gains more than 10x. Instead, investors should look for low market cap gems with a much higher chance of posting 10 or even 100x gains. One of the most effective ways to generate high returns is to invest in the presales of highly promising web3 start-ups.
Cryptonews.com has two favorites right now. Launchpad XYZ (LPX) is developing an all-encompassing web3 platform to make web3 space more accessible and integrated with analysis of presales. It also features an educational section to get newbies started. Another project, DeeLance, is creating an NFT-powered metaverse platform to unite businesses and freelancers. Its DLANCE token presale recently raised over $1 million, and those who get in now can be sitting on gains of over 70%.