Elon Musk Tweets “gm frens” – Pepe Coin Rejoices

A new tweet from Elon Musk makes the headlines these days, which is nothing unusual for media outlets. There's only one, big, and noteworthy difference to ponder on.

Elon Musk’s recent tweets have sparked speculation among crypto enthusiasts, with some suggesting that he might be indirectly endorsing Pepe Coin. The Tesla CEO is known for his cryptic statements on X, which have often hinted at various crypto topics without explicitly naming them. In the past, his plugs for Dogecoin on the platform have triggered significant price spikes.

Now, as the crypto community awaits the potential impact of Musk’s latest statements on Pepe Coin, here’s a closer look at the X tweet, the potential for a rally, and the significance of the term “frens” in the crypto world.

Could X Tweet Send Pepe Coin to New Highs?

Elon Musk’s recent X post has created a buzz among crypto fans, with some speculating about the two abbreviations in the tweet. While the Tesla CEO himself hasn’t officially shown support for Pepe Coin, his past actions and cryptic statements have left the door open for such a possibility in the future.

Should Musk decide to give the frog coin a helping hand, it could mark a strong bullish moment for the asset. The entrepreneur’s influence spans far and wide, especially as a new agency he heads could impact the daily lives of U.S. citizens.

The X post has already generated waves both online and offline, so a bullish boost would be an expected outcome if Elon Musk were to endorse Pepe Coin in the future.

What’s the Catch with “Frens”?

The online crypto realm is filled with specific slang, acronyms, and jargon that carry varying depths of meaning. While some terms are easily grasped, like FOMO or shilling, others can be more difficult to understand.

However, you don’t have to aspire to become a cryptosis (someone dedicated to accumulating every bit of info about crypto) to learn some of the most important ones. For example, if you’re invested in Pepe coin or want to ride the potential wave that many see on the horizon, you’ll naturally come across the term “frens” to know when the conversation shifts towards your chosen meme coin.

Elon Musk’s “frens” is currently one of the hottest buzzwords in crypto, and as far as social media is concerned, this abbreviation of “friends” is a common term in online communities, especially in Web3 and crypto spaces.

Born out of internet culture, the term was often associated with online memes, particularly focusing on Pepe the Frog. This managed to become a symbol of subcultures like the crypto fans.

Thus, it’s a welcoming way of mentioning or hinting at some comrades in the crypto community. According to the opinions of those with a knack for crypto and an eye for subtle hints, this mention refers to fellow Pepe Coin enthusiasts and investors.

From Hypothesis to Study

The online interpretations of Musk’s annotations are merely hypothetical and shouldn’t form the basis of any investment decision. Leaving hypotheses aside and examining facts, Pepe Coin may be on its way to a rally, as technical analyses show.

As per the latest Pepe coin price predictions, the chances of a strong comeback and a subsequent record high in the asset’s price are increasing. The majority of analysts foresee such a spike coming in the upcoming days.

For instance, Jameson, a renowned X member, stated that they envision Pepe Coin breaching a new ATH soon. As per the guru, Pepe should grow by 64% to reach Shiba’s progress level, which could send the asset’s price to a new ATH of $0.0000433.

Technical analysis is a key indicator to look into as it helps to ward off various inefficiencies in the crypto market. This study examines price patterns, charts, and trading volumes to find accurate patterns, as the former are highly efficient in foreseeing where the market might go.

Technical analysis is essential in evaluating market sentiment and spotting rising trends. Moreover, it gives traders the means and tools to recognize trends, gauge risk, and identify entry/exit points in the crypto market, helping them grasp bullish and bearish tendencies.

For this reason, you’re encouraged to look into technical analysis to make better investment decisions, assuming you know how to read them. On the contrary, you can stay posted on the news from your most trusted crypto-based sources, be they newspapers, social media accounts, podcasts, or other online channels, spreading the needed information.