PEPE is following the path of Dogecoin, potentially substitutable to some extent. With the endorsement of Elon Musk and community support, PEPE is ready for the price surge in 2025, looking very much like Dogecoin in 2021.

Dogecoin was initiated in 2013 as a joke based on the 'Doge' meme, which features a Shiba Inu dog. For many years, this was a niche cryptocurrency without any backing or serious purpose, but all that changed with Elon Musk's involvement.

In 2021, Musk began tweeting about Dogecoin, calling it 'the people's cryptocurrency' and even self-proclaimed the title 'DogeFather'. Immediately, the price of Dogecoin surged. However, Musk did not stop at social media but instead moved to make Dogecoin useful in real life.

Tesla, his electric vehicle company, began accepting Dogecoin as a payment method for its goods. His space exploration company did the same. All these developments have transformed Dogecoin from a meme into a real currency that people can use to pay for transactions.

After Dogecoin, Musk's influence is now directing towards PEPE. The inspiration for this new meme coin is the meme 'Pepe the Frog', which has been an internet icon for many years. The PEPE token is newer and has a smaller market cap than Dogecoin.

He shared a meme about Pepe the Frog, in which he stated, 'Explaining the amendments to the Constitution.'

Subsequently, the PEPE coin quickly became popular after its launch in April.

Can PEPE Reach the Heights of Dogecoin?

The big question now is whether PEPE can reach the same level of success as Dogecoin. Although PEPE's market cap is currently much smaller, this coin has been able to grow very quickly thanks to Musk's involvement.

In fact, if Musk officially supports PEPE, this coin could easily achieve massive popularity and pricing, just like what happened with Dogecoin.

Some people continue to speculate that Tesla will accept PEPE as a way to pay for services, but nothing is certain so far, although this would significantly increase PEPE's credibility and visibility.

However, quite possibly, more than Musk's influence may be needed to sustain PEPE. Once again, the hype surrounding this coin is the determining factor for PEPE's success or failure, as was the case with Dogecoin.

Data from CoinMarketCap shows that due to this error, PEPE increased by 54.7%. PEPE's official Twitter account even quoted Musk's tweet, adding a comment about 'seizing meme production'.

Elon Musk's influence is considered very significant because his tweets can cause tremendous price volatility in the cryptocurrency market. For example, another meme coin, Milady Meme Coin (LADYS), increased by 12,056% after Musk's tweet about it.

Another meme coin that surged due to Musk's influence is Kekius Maximus abbreviated as KEKIUS, which has skyrocketed over 3,000% since Musk mentioned it on Twitter. However, the price of KEKIUS has significantly dropped since Musk changed his profile name.

In summary, Elon Musk's tweets and actions often cause meme coin prices to skyrocket, but they can also drop quickly when this billionaire focuses on other purposes.

The price of Pepe stock has risen 34% since its lowest point in mid-December, with a strong increase after Elon Musk changed his X profile picture to Pepe the Frog in a wrestler outfit.

This shift from Dogecoin to Pepe has increased the price of this coin, from $0.0000144 on December 24 to a high of $0.00002828. Currently, it is trading at around $0.00002025.

The analyst compares it to Dogecoin and predicts it could experience strong growth in the bull market of 2025, potentially reaching a value of $40 to $125 billion. This coin is even currently trading more than Dogecoin in volume, with $3.8 billion in 24-hour trading, compared to Dogecoin's $1.9 billion.

As the popularity of Pepe grew, other Pepe-themed coins also emerged, such as Pepe Unchained, which is launching tools to create memecoins without coding, and Wall Street Pepe, which is building a platform to trade memecoins and offer rewards.

The presale of Wall Street Pepe raised $38.5 million in its first month, benefiting from the hype surrounding Pepe.

Analysts are very optimistic about PEPE, comparing its price movements to Dogecoin's in the 2021 bull run. They believe PEPE is following a similar pattern, with prices rising while Bitcoin breaks its all-time high and predict that PEPE will continue to rise higher, just as Dogecoin did in 2021.

Last year, PEPE's price movements were similar to Dogecoin's in 2020 and since then, PEPE's market cap has skyrocketed from $600 million to over $8 billion. With a 1,400% increase to date, this bull run has only just begun.

Cryptocurrency analysts are also optimistic, with some pointing out that PEPE is forming a 'bull flag' or 'bull pennant' on its chart. These patterns suggest that PEPE could continue to rise, potentially reaching $0.000038 in the near future. Currently, PEPE is cooling off a bit but is still trading at around $0.00002017.