The cryptocurrency market is showing signs of a robust recovery, with an uptrend that defies many negative fundamentals. A key indicator of this resurgence is Bitcoin, which has reached its highest price since May 2022. This positive momentum is also seen in various altcoins, one of which is PEPE Coin, a meme-inspired cryptocurrency. In this PEPE coin price prediction, we analyze PEPE and answer the following question: can PEPE reach 1$ in 2024?
How did PEPE Coin Start
PEPE Coin was launched in April 2023 as a meme cryptocurrency. It quickly gained attention due to its association with popular internet memes and its presence on the Ethereum blockchain. The coin’s launch was aimed at tapping into the growing trend of meme coins, which have been gaining popularity in the crypto community.
PEPE prices soared high after launch, which triggered a normal price adjustment. We at CryptoTicker predicted this price drop and were even attacked by some PEPE fanatics. However, this price adjustment happened as we predicted 😉
PEPE Coin Price USD – Is PEPE Coin UP?
PEPE Coin, operating on the Ethereum platform, has shown significant market activity since its launch in April 2023. PEPE Coin has a circulating supply of approximately 417.48 trillion coins out of a maximum supply of 420.69 trillion. The coin is currently trading at $0.00000114, with a market cap of around $478 million. It ranks 99th on CoinMarketCap and is active in 303 market pairs.
Currently, PEPE Coin has experienced a 4.51% increase in the last 24 hours and a remarkable 55.63% increase over the last 60 days. In fact, the entire crypto market was up, which helped in pushing altcoins prices up, especially the ones that took a previous hard hit. However, since launch, PEPE is still down by more than 93%.
PEPE Coin Price Prediction: Can PEPE Reach 1$?
The prospect of PEPE Coin reaching a price of $1 per token is highly improbable, primarily due to its enormous circulating supply of approximately 420 trillion tokens. To understand the scale of this, if PEPE Coin were to hit the $1 mark, its market capitalization would soar to an astronomical $420 trillion. This figure is significantly larger than the combined economies of the entire world, which was estimated to be around $94 trillion. Such a market cap for PEPE Coin is not just unprecedented but also extends well beyond the realms of current economic feasibility.
PEPE Coin Price Prediction: How High can PEPE Go?
Considering PEPE Coin’s drop of more than 93%, especially with its current growth, there’s potential for further appreciation. If PEPE Coin follows a trajectory similar to that of Shiba Inu, reaching a market cap of $5 billion is within the realm of possibility. This would imply that PEPE can reach potentially a price of $0.000012, which is 10x the price of today.
Where to Buy PEPE Coin
If you want to buy PEPE Coin, Bitget is a recommended exchange. Known for its user-friendly interface and low transaction fees, Bitget provides an accessible platform for both new and experienced traders to buy and trade PEPE Coin.
