Pepe the Frog, perhaps the most popular meme in the early 2000s, has been revived—this time, in the form of cryptocurrency. Developed by Matt Furie, it is now the representation of a new deflationary meme coin called PEPE. This cryptocurrency, created on Ethereum's ERC-20 protocol, remains popular among users and has attracted many followers and fans of humorous images.

From Meme to PEPE Coin

PEPE Coin is named after the meme Pepe the Frog and is based on simple, open, and community principles. The project has made it clear that it is not here to bring a miracle to the world. The project does not seek to transform into a new project but remains a meme coin. The goals are divided into three distinct phases:

  • Phase 1: Meme

  • Phase 2: Vibes and HODL

  • Phase 3: Meme Domination

According to its vision, PEPE is more philosophical and entertaining, which will attract individuals seeking some form of entertaining cryptocurrency. While most other cryptocurrencies boast about their prospects, this coin speaks about its people and its meme phenomenon.

PEPE is another deflationary meme coin currently available in the market. This means it has a continuously decreasing supply, capped at 420.69 trillion tokens. Because there are not many tokens circulating on the market, prices are more or less dependent on the market. Theoretically, the more people buy and hold the token, the more expensive it becomes.

For most other cryptocurrencies, the value of PEPE depends on the general market sentiment. If interest does not continue, the price of the token will decline. When more people participate, the price will be higher. This leads to a very volatile market with prices fluctuating at irregular intervals.

The high and low prices of PEPE

PEPE Coin became popular in November 2024 when it reached an all-time high (ATH) of $0.00002524. However, after the ATH, the value of PEPE dropped significantly and decreased by about 22%. This is normal for meme coins as people buy a coin when it rises and then sell it for profit.

At the time of writing, PEPE is priced at $0.00002021. It ranks among the top 30 cryptocurrencies with a market capitalization of $8.52 billion. However, due to volatility, this position is not secure. The price of the coin fluctuates from day to day.

Currently, this coin has bearish signals according to technical analysis. The Chaikin Money Flow, which measures the imbalance between buying and selling pressure, is nearly at 0. This indicates that selling pressure is greater than buying pressure, meaning momentum is weak. The MACD indicator also shows a bearish crossover. The MACD line is below the signal line, thus indicating that bearish pressure is currently building.

PEPE Price Prediction for 2024

In the future, if the overall market situation becomes favorable, prices may rise again. The token is trading in the Fibonacci retracement zone of 38.20% and 50%. This indicates a consolidation phase, with no clear direction yet. However, in the event of a recovery in demand, the coin could surge to the Fibonacci level of 61.80% and reach $0.00003596 by the end of the year.

Meanwhile, if the bullish trend is denied, the price of the memecoin can be expected to face a support level of $0.00001594, the lowest price of the month. A strong recovery from here could bring the token back to previous highs, but that is far from certain.

PEPE Price Prediction for 2025

According to CoinCodex's analysis in 2025, this token is expected to trade within a range of $0.00003456 to $0.00009625. The average price for the year could be around $0.00005526 to some extent. This would represent a relatively high increase compared to the current level, provided that this token attracts more attention in the market.

PEPE Price Prediction for 2030

The long-term future price of the token could see it trading as high as $0.00007850 in January 2030. However, this optimistic scenario also envisions a decline to a low of $0.00005187 by the end of the year. The total cost per coin is expected to be $0.00006597, still cheaper than the current price per coin of $0.00002021.

Competition in the Meme Coin market

PEPE's main competitors come from the two largest meme coins in the market: Dogecoin (DOGE) and Shiba Inu (SHIB). Each coin has a significant amount of supporters and a high market capitalization. Although the token has carved out its niche in the meme coin market, it must maintain differentiation from these competitors to stay relevant.

Conclusion

PEPE Coin is one of the newcomers in the market leveraging the meme coin trend. Its future is uncertain, and it has experienced rapid price increases and community support. Like most meme coins, the value of the coin is also determined by market psychology. The community will play a crucial role in driving and pulling to ensure that adoption and sustainability are achieved. In the future, the token will only succeed if the team behind the project can retain its audience in the ever-changing market. But that is not yet the end of the rollercoaster ride.