Pepe (PEPE) is a deflationary meme-coin on Ethereum that pays homage to the Pepe the Frog meme by Matt Furie. This meme project wants to leverage the meme coin trend, aspiring to position itself as a leading meme-based cryptocurrency in the market.
Pepe Coin has been making waves since its launch and has surged by an impressive percentage. This popular frog-themed Coin reached a record high of $0.00001074 today, making a 21% increase in daily charts, 61.22% in weekly charts, and a remarkable surge of over 885% in the past month.
The recent surge in this meme coin is driven by Bitcoin reaching a record high and it also influenced many other altcoins to surge. Notably, meme-based cryptocurrencies have experienced a substantial increase in price in recent weeks.
Will Pepe Coin Reach $0.0001 in 2024?
As we found on CoinMarketCap, the Pepe Coin is currently trading at $0.00001051, with over 20% increase in value over the last 24 hours. This meme coin holds a market cap of $4.4 billion with a 70% increase in trading volume to $2.51 billion in the last 24 hours.
According to our expert’s technical analysis and market trends, the Pepe Coin is expected to maintain its bullish trend over the next few weeks. The expert predicts that this meme coin can easily reach a maximum price of $0.0000190, with an average price level of $0.0000173 by the end of 2024.
Moreover, the minimum price of the Pepe Coin can fall down to $0.0000162 if the crypto market faces any major bearish event or any negative news surrounding the meme-based crypto projects.
However, Pepe might experience a correction since the project lacks significant utility. The current price spike is probably influenced by external market factors like BTC’s surge and positive investor sentiment.
So what do you think guys, can Pepe Coin reach $0.0001 in 2024 or beyond? It’s still too early to say for sure, but the potential is there. With its strong meme community and growing popularity as a meme coin, Pepe could see significant price growth over the next few years.
Also Read: Elon Musk’s Tesla to Enable Dogecoin for Payments
