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