Can PEPE continue to break through and burn off another zero?
The answer is obvious, yes.
So how does it do this?
Let me analyze it for you.
According to my in-depth analysis, the PEPE team has taken active action and is ready to lead it to break through new highs again and burn one zero.
Now, the price of PEPE is floating between 0.000007 and 0.00000815, while Bitcoin is in the range of 64,000 to 66,000. Once the price of Bitcoin climbs to the range of 67,000 to 69,000, the price of PEPE is also expected to rise to 0.00000850 to 0.00000950. And when Bitcoin hits a high of 70,000 to 72,000, PEPE is likely to burn its first zero.
Can PEPE replicate SHIB's thousand-fold legend?
Let’s first take a look at the price and token economy of PEPE coins.
PEPE coin officially entered the cryptocurrency market on April 17, 2023, with an initial price of approximately $0.00000006036401729083. As news about this emerging cryptocurrency project spread on social media, its trading volume gradually climbed.
By May 5, 2023, PEPE coin reached its current all-time high, with the price soaring to $0.000004213, an astonishing 6,879% increase from its initial listing price.
The total supply of PEPE coins is 420,690,000,000,000, and the current circulation is approximately 391,790,000,000,000, which is about 93% of the total. The team sent tokens to the liquidity pool to support transactions and destroyed the liquidity provider tokens (LP tokens), which shows that they attach great importance to the transparency and fairness of the project.
It is worth mentioning that the developers of PEPE have given up ownership of this smart contract, that is, they no longer have any control over this cryptocurrency, including the ability to modify the code. This practice is becoming more and more popular in cryptocurrency projects, mainly to prevent human manipulation and other fraud. However, investors still need to be cautious when participating in such projects.
So, can this round of PEPE replicate SHIB’s thousand-fold legend?
Despite the challenges facing the market, PEPE has shown its resilience in the crypto world. Remarkably, the value of PEPE has soared 185% in March 2024 compared to a few months ago, and has risen by more than 500% in the past month. Last year, this figure grew to a staggering 13,500%, showing a positive long-term growth trend.
Although PEPE experienced some minor setbacks in the past week, it quickly stabilized and entered a consolidation phase in April. PEPE's resilience and upward momentum provide a glimmer of hope, ensuring that this token has the potential to bring good returns in a volatile market. With its community-centric approach and NFT integration, PEPE has solidified itself as a powerful meme coin in the cryptocurrency space. As analysts are optimistic about PEPE, its price is expected to rise significantly this year.
If PEPE can become the leader of meme coins in this bull market, then it is indeed possible for it to reach a market value of more than 100 billion, which means a 100-fold increase.
So, will PEPE become the meme coin leader in this bull market? So far, PEPE does look like a good choice, which is why many people are rushing to buy PEPE regardless of the cost.
However, I think it is still possible that a new leader will replace PEPE in the future. The outbreak of meme coins is highly random, so we need to keep an eye on market trends and not miss any meme coin that may become a leader.
Overall, PEPE has attracted the attention of many cryptocurrency enthusiasts with its unique origins and ambitious goals. Despite the "burning" of 6.9 trillion tokens, the maximum supply remains unchanged at 420.69 trillion, which confuses many people. PEPE is currently priced at 0.00000736 and the target price is 0.00001500, which makes investors excited. Whether the token is lost in the cryptocurrency swamp or waiting for a bigger revelation, PEPE's journey is exciting. Get ready to embark on this financial adventure!
