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$PEPE, a cryptocurrency launched on April 15, 2023, has shown remarkable growth, surging from its initial price of $0.000000001 to its current price of $0.00000724, with a peak of $0.00001074 in March 2024.
This represents an 800% increase, yielding significant profits for early investors.
To reach $1, PEPE would need to increase its holder base by nearly nine times to match SHIB Inu's user base and nearly double that to match DOGE's. PEPE's burning strategy, which permanently removes 1% of transaction fees from circulation, may contribute to a scarcity-driven price increase.
While predicting PEPE's future price is uncertain, its growth trajectory draws comparisons to Bitcoin's historic rise from $0.0009 in 2009 to its current price. As with any cryptocurrency investment, it's essential to approach with caution and thorough research.
