🐸 Will $PEPE Coin Price Realistically Hit $1?

One crypto analyst expects that Pepe price will jump to $1. Can it go parabolic and hit that target price in the long term?

Pepe Coin price has sold off as the ongoing crypto meltdown accelerates, with Bitcoin falling from its all-time high. Can the third-biggest meme coin bounce back and hit $1, as one popular crypto analyst expects? 

🔸 Crypto Analyst Predicts Pepe Coin Price Can Hit $1

Pepe Coin price has retreated this week and moved into a technical bear market after falling by 30% from its November high. This crash mirrors that of other meme coins like Dogecoin, Popcat, and Floki. 

Still, one analyst believes that Pepe can still stage a remarkable comeback and surge to $. In an X post, Comet, who has more than 81,000 followers, said that he bought 1 million Pepe coins, paying $19 for the transaction. He now expects that he will become a millionaire when the coin jumps to $1. 

Can Pepe price jump to $1 as some other meme coins like Dogwifhat, Popcat, and Peanut the Squirrel have done? Pepe trades at $0.00001824, meaning that it would need to jump by 5,482,352% to get to $1. 

Pepe has a market cap of over $7.6 billion, meaning that a jump to $1 would bring its valuation to $416.6 trillion, a figure that is higher than the combined market cap of all publicly traded companies and the world GDP of $105.4 trillion. 

As such, while anything is possible in the crypto industry, it is highly unlikely that Pepe coin price will jump to $1 any time soon. 

🔸 Pepe Price Analysis: Patterns Point To A Rebound

A keen technical analysis of Pepe shows that the ongoing pullback may be short-lived as the coin has formed numerous bullish patterns. First, Pepe is in the process of forming a falling wedge chart pattern, which is characterized by two falling and converging trendlines. This pattern results into a bullish breakout, especially when the two lines near their convergence zone. 

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