$PEPE Everything indicates that it is on the rise.

The Pepe Coin cryptocurrency has managed to enter the top 100 cryptocurrencies by market capitalization, the new Pepe meme token has risen 515% since its launch on April 16.

This makes it the best-performing cryptocurrency of recent weeks by a wide margin, and it appears its rally has not yet run out of steam.

However, since Pepe Coin does not offer any fundamental value beyond a "fun" mascot and a small community of holders, there is still a good chance that it will soon undergo a major correction.

Therefore, it is not surprising that investors are beginning to get excited about the new cryptocurrency that could follow in the footsteps of Pepe Coin's success: #AIDOGE

Pepe Coin Price Prediction: Will It Hit the Dollar?

Despite the rise in the last two weeks, the price of Pepe Coin has fallen in recent days.

Launched a couple of weekends ago, PEPE, is an ERC-20 token with a total maximum supply of 420 billion (a reference to the 4/20 culture).

It's worth noting that Pepe Coin has no connection to Matt Furie, the original creator of the Pepe Frog meme, while the identity of its creators is completely unknown.

This anonymity could indicate that this is a classic pump-and-dump/rug pull scam, and these suspicions are reinforced by the fact that the registrants of its official domain have chosen to remain anonymous, using a privacy service associated with a series of scams.

Still, despite Lookonchain and others making these warnings more than a week ago, Pepe Coin has remained balanced in its price.

If so, Pepe Coin could continue to rise in the medium term, but not in the long term.