Two New York University (NYU) students, Ethan and Maya, ventured into the crypto world in early 2023. Starting with meme coins, they invested $2,000 each in Pepe (PEPE) and later another $2,000 in Book of Meme (BOME), seeking quick gains. After experiencing the highs and lows of these meme-inspired tokens, they’ve now decided to pivot. This time, they’re focusing on what they believe could be a promising long-term player: BlockDAG (BDAG). Here’s a detailed look at their journey with each of these cryptocurrencies and why they’re shifting to BlockDAG for sustained returns.
Jumping into Meme Coins: PEPE Investment and Returns
Ethan and Maya began their crypto journey with PEPE in April 2023, each investing $2,000 when PEPE was priced around $0.0000012. Their timing was perfect, as the token’s price soon surged by over 300%, driven by meme coin hype. Within just a week, their investment had more than tripled in value, with their holdings climbing to approximately $6,000 each.
However, meme coins like PEPE are notorious for price volatility. Over the next few months, PEPE’s value swung wildly. By the end of June, their holdings had dropped to $3,500 each, giving them an ROI of 75%. Despite these fluctuations, they decided to hold onto their PEPE, seeing it as a potential future gain if the meme coin hype returned. Yet, the rollercoaster ride made them question the stability of such assets, setting the stage for their next venture.
Exploring New Opportunities: The BOME Investment
In early 2024, Ethan and Maya decided to add a new meme coin to their portfolio, inspired by their early success with PEPE. They each invested $2,000 in BOME (Book of Meme), a cryptocurrency focused on creating a decentralized “library” of internet culture. When they bought in at $0.0078 per token, they hoped BOME would experience similar growth to PEPE.
Their expectations were soon met, as BOME reached an all-time high of $0.02689 in March 2024. At its peak, their $2,000 investment had grown to roughly $6,900, delivering a 245% ROI. But like PEPE, BOME’s price couldn’t maintain its peak. By November 2024, BOME had settled back to around $0.0094. Although their holdings were still up from their initial investment, with a current value of $2,410 each (a modest 20.5% ROI), Ethan and Maya realized the limited stability of meme-based assets and felt a more secure approach was needed.
Shift in Strategy: Searching for Stability
Having experienced both the highs and the volatility of PEPE and BOME, Ethan and Maya began re-evaluating their investment strategy. They wanted a cryptocurrency that wasn’t solely driven by hype but had a foundation in practical technology and long-term growth. After researching, they discovered BlockDAG (BDAG), a unique project that combines blockchain and Directed Acyclic Graph (DAG) technology. BDAG was priced at $0.022, which they found to be an attractive entry point for a potential long-term hold.
The students were drawn to BlockDAG’s innovative approach to scaling, with a high-speed, decentralized transaction model aimed at enhancing blockchain capabilities. Unlike meme coins, BDAG’s foundation in blockchain technology and DAG architecture signaled that it could be more than a short-term fad. They were also impressed by BlockDAG’s successful presale, which had raised over $120.5 million and showed significant interest from both institutional and individual participants.
Long-Term Play: Investing in BlockDAG
After careful consideration, Ethan and Maya sold a portion of their PEPE and BOME holdings to fund their BlockDAG investment, contributing $3,000 each to BDAG. With BDAG currently priced at $0.022, their holding bought them approximately 136,364 coins each. They viewed this as a strategic choice for their portfolio, hoping that BlockDAG’s stable growth model would provide consistent returns over time.
Ethan and Maya saw BDAG’s upcoming mainnet development completion as a key opportunity, as the network would soon enter its test phase, with future developments aimed at scaling user adoption and expanding capabilities. They liked the project’s emphasis on utility, from its Ethereum Virtual Machine (EVM) compatibility to a user-friendly smart contract builder, which they believed could drive sustained demand for the BDAG ecosystem.
A New Path with BlockDAG
Ethan and Maya’s crypto journey reflects a gradual shift from short-term thrills to strategic, long-term planning. Their experiences with PEPE and BOME brought some profits but also highlighted the risks of meme coins’ volatile nature. BlockDAG, with its solid technological foundation and community backing, offered a way to channel their crypto interests into a more balanced approach.
With their PEPE and BOME holdings still in their portfolio, they’re now hoping BDAG can deliver the consistent growth they seek. For these two NYU students, BlockDAG represents a fresh start in the crypto market — one they believe will reward patience and smart choices over hype and speculation. As they look to the future, they’re optimistic that BDAG’s growth potential aligns well with their long-term investment goals.
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Source: https://thenewscrypto.com/college-students-lucked-out-on-pepe-and-bome-now-theyre-all-in-on-blockdag-for-the-long-term/