It's all virtual speculative coins. So if one anticipate the King of the virtual coins to move then as the tide rises all ships rise.
A friend had brought PEPE to my attention last summer. Gees I said what are they going to come up with next? A frog,LOL!
Anyways. An inverse head & shoulders pattern appeared to form.
Lok at what occurred on the 9th day in wave C. A bullish harami formed as bitcoin began to move. However, PEPE offered more bang for one's buck.
Example: If one would like to play with bitcoin for whatever reason, but figures it's a little over their budget, then they can try to speculate on another virtual coin to make some coin and then sell it to speculate in bitcoin.
IMHO
In my humble opinion..........