The infamous Pepe Coin has soared to new heights, surpassing its previous record. Many believe meme coins like Pepe indicate a crypto bull market. But many wonder: “is Pepe worth buying?” Pepe coin’s price between 2024 and 2030 will determine its potential and whether there are better investments.
What is the Pepe meme?
Based on Pepe the Frog, Pepe the Frog has become a meme on 4chan and Twitter since 2005. The Pepe meme became a hate symbol after the media reported on hate organizations utilizing it.
However, the Pepe meme coin community criticized this classification after Coinbase mentioned it in a client communication. After community outrage, Coinbase’s Legal Officer Paul Grewall said, “We screwed up.”
Despite mentioning Dogecoin, Shiba Inu, and Floki, Pepe’s website claims to be “the most memeable meme coin in existence.”
What is a PEPE Coin and How Does it Work?
PEPE coin is just another meme coin with no intrinsic value or utility. Indeed, it is the most “memeable” Ethereum-based ERC token meme coin.
PEPE coin needs a formal team and roadmap. It was spontaneously made to pay tribute to the early 2000s internet meme character “PEPE the Frog.”
PEPE entered the top 100 cryptocurrencies by market cap only two weeks after its introduction, ranking 70th on CoinMarketCap without fundamentals. PEPE coin began trading on April 15, 2023, at about $0.000000001 and is now worth $0.0000014.
“PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only.”
According to PEPE’s official website
PEPE, on the other hand, capitalizes on meme coins like Dogecoin and Shiba Inu. That’s why the PEPE coin is like Doegcoin and Shiba Inu but is frog-based instead of dog-based.
Each transaction burns a small amount of PEPE Coin tokens, deflating it. This process creates scarcity and increases the value of left tokens over time. It also uses a redistribution method to increase user engagement and long-term investments by sharing a percentage of each transaction with token holders.
Overview of Pepe Coin
Pepe became one of the subsequent cryptocurrencies to experience an explosive price surge immediately following its debut in early 2023. However, shortly after that, it appeared to decline in popularity. Early in 2024, it ascended the rankings to become one of the most discussed cryptocurrencies. The following are recent price-related statistics for Pepe.
| Cryptocurrency | Pepe |
| Ticker Symbol | PEPE |
| Ranking | #39 |
| Price | $0.000009047 |
| 24H Price Change | 10.77% |
| Market Cap | $3.8 Billion |
| Circulating Supply | 420.69 Trillion PEPE |
| 24H Trading Volume | $1.82 Billion |
| All-Time High | $0.000009885 |
| All Time Low | $0.00000002764 |
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Pepe Coin Price History
Pepe gained popularity days after its covert launch in mid-April 2023, with Etherscan inclusion on April 18.
The price soared from $0.00000006036 to $0.0000004002 in three days. The 563% rise sparked speculation that it could be a top meme coin.
On April 30, the Pepe price rose 214% in two days to a new all-time high after a slight adjustment and consolidation. Binance said whales accumulated Pepe, causing this ATH.
After Binance said it would launch Pepe on May 5, the meme coin reached an incredible $1.8 billion market valuation and ATH of $0.000004354.
When early investors aggressively took profits, the price fell, ending the run. Pepe traded between $0.0000018 and $0.00000061 in mid-2023 after the ATH.
As Bitcoin began its end-of-2023 rise on October 19, Pepe and the crew destroyed 1.6% of the token supply (6.9 trillion tokens), breaking out of its long-term decline and soaring 104% in 8 days to return above $0.000001 for the first time since July.
Pepe remained stable at $0.0000015 and $0.000001 even after Bitcoin ETFs were approved in early January, while the rest of the crypto market soared into 2024 on hype.
After the market rallied in late February, Pepe followed Bitcoin to fresh ATHs above $70,000. Pepe rose 602% from $0.000001407 on February 26 to $0.000009885 on March 8, 2024, setting numerous new ATHs. Pepe was trading for $0.000009047 at press time and hovering above $0.000008.
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Short-Term Forecast: Pepe Coin Price Prediction 2024
Crypto researchers and traders estimate Pepe to shed a zero and hit $0.00001 in 2024. This short-term Pepe price projection matches market bullishness. PEPE is nearly reaching $0.00001, its next major milestone after removing multiple zeros from its initial value.
Mid-Term: Pepe Coin Price Prediction 2026
Pepe Coin’s 2026 outlook is neutral. PEPE has thrived in the turbulent meme currency market, showing the crypto community’s resiliency. PEPE is expected to average $0.0000080–$0.0000060 by 2026, indicating user involvement.
Long-Term Forecast: Pepe Coin Price Prediction 2030
As we look ahead, the long-term potential for Pepe Coin becomes more exciting. PEPE might gain 226.15% by 2030, fluctuating between $0.000025 and $0.00050. This forecast depends on the coin’s meme importance and cryptocurrency acceptance.
The Million-Dollar Question: Can Pepe Coin Reach $1?
Whether PepeCoin can hit $1 is a hot issue. The idea is tempting, but we must set realistic expectations. PEPE has 420.69 trillion tokens. A vast market cap is needed to reach $1, which is now impossible. Anything is possible if a massive token burn and mass adoption spike occur concurrently.
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What do Other Analysts Predict for Pepe Coin?
We have summarized other analysts’ predictions below to better understand the potential of Pepe crypto prices.
- Looking at the Changelly Blog, they predict that in 2024, $PEPE could reach a minimum price of $0.000000918 or a maximum price of $0.00000150.
- CoinPedia’s Pepe price forecast estimates that Pepe could reach potential lows of $0.000002975 and highs of $0.00000471372 by the end of 2024.
Where to buy Pepe Coin?
Pepe is available on some of the best crypto exchanges. While many exchanges have listed $PEPE, Binance stands out as our top pick for buying it due to its low fees, unique features, and multiple payment options.
Binance charges fees as low as 0.1% per transaction. Holding a certain number of BNB, the digital token of Finance, can avail you of a further discount of 25%. The low fees have made Binance one of the most popular crypto exchanges, used by over 160 million people worldwide.
Conclusion
Pepe Coin caused a bit of excitement in the crypto market in 2023, and its momentum is still going strong in 2024, keeping pace with Bitcoin’s latest highs. Pepe’s rapid expansion may encounter obstacles due to its restricted practical application in real-life scenarios. Hey there, fellow investors looking to expand your portfolio! Diving into different cryptocurrencies is crucial to discovering new and exciting investment possibilities. Check out our curated selection of top investment options that could bring substantial profits, providing a wide range of choices beyond Pepe Coin.