Lowyat.NET: Latest topics by Kim Sim

Eh, what happen to the Swatch vs Govt thing?

Kim Sim — Thu, 01 Jun 2023 17:41:14 +0800

Who won? Who lost?
Swatch lost?

The reason why 1USD = RM 4.60 and to be worst.

Kim Sim — Sun, 28 May 2023 23:37:44 +0800

Dunno if those guys in MITI stupid or what. Do simple Google search also cannot. But never mind I do.

[YOUTUBE]wEHhAnwe2po[/YOUTUBE]

[YOUTUBE]d65P-45_5qE[/YOUTUBE]

Take a look at Vietnam and Cambodia street view. It's already quite advanced. Some places even look better than jalan chow kit. For Vietnam it is like PJ standard already.

For Cambodia it gives a lot of Penang vibes.

Drink beer and sell Swatch also no issue. In 1st video Vietnam biggest investors is Japan and Korea. Yeah a big fuck u to Malaysia right? Despite Malays love for Japan.

You as FDI think FDI want to invest here after NEP, cukai makmur, strong PN voter base? Think Malaysia! Think!

U raise interest by 5 - 10% also USELESS la!

Can PEPE outperform DOGE?

Kim Sim — Sun, 28 May 2023 21:52:11 +0800

Pepe, a Frog-Based Memecoin, Is the New Crypto Craze. Move Over, Dogecoin.
By Jack DentonFollow
May 18, 2023 2:30 am ET

Memecoins tend to rise and fall along with the price of Bitcoin.
Dreamstime

There’s Pepe the soccer player, Pepe the guitarist, and Pepe the racing driver. And now there’s Pepe the new frog-themed cryptocurrency.

The coin, based on an internet meme, has taken token markets by storm in the month since its launch. Trading has been frenzied, lifting Pepe’s market value to nearly $2 billion at one point, though that has since slid by more than half.

Only in the world of crypto could a currency that pays homage to a cartoon frog capture the attention of market participants—and possibly even Elon Musk. It’s emblematic of the hype that continues to underpin crypto markets, fueled by the actions of a few dominant players and influenced by the price of Bitcoin.

The new memecoin—a subcategory of “altcoin,” which refers to tokens other than Bitcoin and Ether –is the latest to capture the attention of the crypto crowd. It joins the more familiar Dogecoin, around since 2013, which refers to the “doge” meme involving a Shiba Inu dog. Dogecoin is now the eighth-largest digital asset by market capitalization and has inspired countless spinoffs, including Shiba Inu, which is the 15th-largest crypto.

Pepe is growing faster than its older peers. It took the frog coin only 22 days for the number of holders recorded on the blockchain to surpass 100,000, according to the crypto research group Messari. The same growth took 90 days for Shiba Inu.

Like the dog-themed coins, Pepe appears to have caught the attention of Tesla ’s (ticker: TSLA) Musk, who has said he owns Dogecoin and has toyed with it for years in references on Twitter and television. Pepe prices spiked some 50% in one volatile spurt that came immediately after Musk tweeted the Pepe the Frog meme, though he didn’t explicitly mention the token.

“Pepe’s meteoric rise is unlike anything we’ve witnessed in crypto history,” Chase Devens, an analyst at Messari, wrote in a note earlier in May. Here is a look at the coin’s brief past, how it is traded, and what could happen to the price.

What Is Pepe Coin? Where Did the Meme Come From?
Pepe was launched in mid-April by a team of anonymous developers. The group’s website is littered with internet in-jokes, including the phrase “make memecoins great again, ” and details about how the supply of tokens is 420,690,000,000,000.

“Pepe is a meme coin with no intrinsic value or expectation of financial return,” the developers say. “There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”

The token references the Pepe the Frog internet meme, which itself is based on a character from a 2005 comic by cartoonist Matt Furie. As a meme, Pepe can appear in a variety of ways—the frog often has different facial expressions and is edited into different contexts—but in its most basic form, it seems to represent smugness.

The Pepe meme has been picked up by internet-based radical groups, earning it a checkered cultural reputation. The Anti-Defamation League has named the meme a hate symbol, while noting that the character didn’t initially have racist connotations and that many uses continue to be non-bigoted.

Can You Buy Pepe Coin? Where?
Pepe is now available on a number of major crypto exchanges. That includes Binance, the world’s largest venue for digital-asset trading, as well as platforms including OKX, Kraken, KuCoin, and the decentralized exchange UniSwap.

The U.S.-based broker Coinbase Global (COIN) doesn’t list Pepe on its centralized exchange, but Pepe can be bought with Ether tokens through the group’s Coinbase Wallet, which facilitates users swapping tokens on a decentralized basis.

Investors should note that digital asset trading and most crypto exchanges remain unregulated in the U.S.

The price of Pepe rose as much as 6,300% between April 18 and its zenith on May 5, after being listed on a number of major exchanges.

Before it was listed on OKX, Pepe had a market cap of around $275 million, according to crypto data provider CoinGecko. In a spike after it was listed on Binance, its market cap peaked at $1.7 billion, with its trading volumes in the first week of May routinely dwarfing those of Dogecoin or Shiba Inu. The market capitalization of Pepe was hovering near $650 million as of Wednesday.

Predictions for Pepe’s Future?
For those outside crypto, Pepe may represent yet another example of why digital assets are worthless: It has no intrinsic value and exhibits dangerous levels of volatility.

For those inside the industry, though, there is a logic to the Pepe trade. The key is getting ahead of the hype and fear of missing out that new coins can generate as interest grows. That dynamic, alongside signs that influential market participants known as crypto “whales” are wading in, suggests the frenzy around Pepe may be far from over.

“Arguably the most significant driver of Pepe’s growth is the fact that crypto participants are now familiar with how quickly memecoins can grow,” said Devens, of Messari. “It pays to be early, and this self-reinforcing force pulls in more buyers as the meme grows in popularity.”

That popularity only grows as tokens like Pepe get listed on crypto exchanges. The first major factor lifting prices of the frog crypto was its listing on OKX on May 1, which was soon mirrored by Binance on May 5. While exchanges don’t endorse coins—Binance has kept Pepe in its “Innovation Zone” for smaller and often more volatile coins—listings can act as implicit endorsements and funnel billions of dollars of liquidity to tokens.

How Does Pepe Affect Bitcoin?
The wider dynamics of crypto markets play a role in determining memecoin prices. Trends in Bitcoin, the largest coin, tend to lead prices for all cryptocurrencies, which has worked out well for Pepe.

Bitcoin has rallied by some two-third so far this year, helped by rising expectations that the Federal Reserve has finished raising interest rates to battle inflation. Memecoins have taken off as well in a surge that could signal either a strengthening bull market or froth before a correction.

“When meme coins pump it often tells us where we are in the crypto cycle,” Antoni Trenchev, co-founder and managing partner at crypto lender Nexo, said in a research note shortly after Pepe began to surge higher.

Trenchev pointed to gains seen by the token Squid—referencing the popular Netflix series Squid Game—in late 2021, when the token rose by more than 200,000%. In hindsight, that was a sign that crypto markets had topped out.

“Time will tell if the emergence of Pepe-the-Frog heralds the beginning of a new crypto summer or something a lot bleaker,” Trenchev wrote.

Write to Jack Denton at jack.denton@barrons.com

New Twitter CEO: Mask Up or Pack Up.

Kim Sim — Sat, 13 May 2023 12:20:22 +0800

[YOUTUBE]YJaB-rgwkm4[/YOUTUBE]

MCO?

My body is ready.

Are you ready?

Now worst than 2008 but no HINDRAF & BERSIH?

Thu, 01 Jan 1970 07:30:00 +0800

How to increase population by 100%.

Kim Sim — Fri, 12 May 2023 17:03:31 +0800

Give RM 5k monthly to every child from 1 years old until 18 years old.

Confirm marriage goes up and less forever alone people.

Agree?

Order susu, dapat rape.

Kim Sim — Fri, 12 May 2023 14:51:35 +0800

https://www.ndtv.com/india-news/7-year-old-...nd-cops-4014021

WW3: USA losses no matter what.

Kim Sim — Fri, 12 May 2023 13:45:38 +0800

Think about it.

Even if USA wins, then what? Who will be the manufacturer of the world if China rage quite after losing war?

USA want to find who to fulfill their capitalist companies? India? Don't make me laugh.

U say true or not?

Is there something wrong with JNT now?

Kim Sim — Thu, 11 May 2023 16:54:52 +0800

I buy thing from shoppee and delivery was supposed to be 8th but until now no response. Contact shopee also no response. Got something happens to jnt?

I would like to build a snowman. I would like snow

Kim Sim — Thu, 11 May 2023 14:51:53 +0800

In Malaysia now. Freeze me to death. Come now!

If Malaysia goes for Huawei 5G, will EU co

Kim Sim — Mon, 08 May 2023 14:53:06 +0800

Leave Malaysia?

Dunno if u guys got BFM this morning. They got interview EU embassador to Malaysia and this topic came up. While the embassador never said this in so many words, there is somehow that underlining idea that this might happen.

So really ah? If Malaysia pursues Huawei 5G will EU companies leave Malaysia? Got any insider info?

Why need invite code for new registration?

Kim Sim — Wed, 26 Apr 2023 10:03:41 +0800

Why need it and how to get it?

Holey fuck, better Sanusi tok kok than this.

Kim Sim — Tue, 25 Apr 2023 18:05:11 +0800

Canadian male MPs wearing heels. Fuk! Eeeww!!!!

[YOUTUBE]PbQIQZrOSOg[/YOUTUBE]

1 USD = RM 4.45, KLSE = 1420. Malaysia weakens...

Kim Sim — Tue, 25 Apr 2023 13:47:05 +0800

1-2 weeks after see DAGE, Malaysia start to weaken again. I expect further weakening for the next few months. The China card has been used, Anwar has no where else to go!

Last of Us and Cordyceps. U still dare makan?

Kim Sim — Tue, 25 Apr 2023 13:37:03 +0800

Bargar this last of us, really did cordyceps dirty. I thought it was good traditional medine but now say it can cause zombie?

Funny. LOL.

Kim Sim — Thu, 20 Apr 2023 15:33:09 +0800

[TikTok]7191715895331343643[/TikTok]

Can Non-Tindas people ridicule tindas people?

Kim Sim — Mon, 17 Apr 2023 20:00:28 +0800

I mean don't u think it's wrong especially if the tindas side got reasont for it? Instead of ridiculing and saying it's not that bad, they should at minimum shut up right? What do u think?

CCRIS credit card no not same as bank. Ok?

Kim Sim — Sat, 15 Apr 2023 10:37:39 +0800

Eh, wanna ask. I noticed most of my foreign bank CC will hand a different 4 digit end number in ccris. Is this normal?

For example my card ending is 2215, but in ccris it is written 1223.
The amount owed looks the same though. Ok ah? Issit normal?

Dear Chinese, try avoid sitting on roadside makan.

Kim Sim — Tue, 11 Apr 2023 12:40:17 +0800

Now Sam Ke Ting case is she is not guilty, I hope Chinese be careful of eating out especially on roadside. Got 2 cases before this got "people" langgar these roadside eaters and the "pelanggar" was never charged and identity not released.

1 case happened in Taman Equine another in Serdang. So just to let u guys know la....

Esok cuti, buat apa?

Kim Sim — Thu, 06 Apr 2023 19:26:00 +0800

Esok cuti, buat apa?