$PEPE How high can the price of PEPE coins rise in May 2024 🐸

PEPE Meme Coin surged unexpectedly, reaching $1 in May. Let us evaluate the feasibility of this prediction.

PEPE Meme Coin has recently outperformed other cryptocurrencies, reaching a new ATH of $0.00001156 despite the market decline. Its gains even surpassed major coins like Bitcoin in profit percentage.

The coin's meteoric rise saw one trader make $46 million on a $3,000 investment. Can PEPE reach $0.0001, $1 or more in May?

Price Performance:

PEPE saw massive gains shortly after its launch and was favored by investors. It reached $0.000009977 earlier this year before stabilizing. Recently, it reached $0.00001156, marking a monthly gain of 104% and a weekly increase of 45%. Its overall growth since launch is almost 2,000%.

Currently, PEPE is trading at $0.00001127, with a market cap of $4.74 billion and a trading volume of $3.56 billion. Continued growth could place PEPE among the top 20 cryptocurrencies by market capitalization.

Can PEPE reach $1?

The upward trend of PEPE continues, supported by the increase in holders and positive technical indicators. However, it seems unlikely that it will reach $1 given the size of the circulating supply and the challenges of preparing the market.

A goal of $0.0001 is more realistic, although market instability and limited progress pose challenges. The PEPE community nevertheless remains optimistic and expects significant benefits.

Final thoughts:

Although the broader crypto market is neutral, PEPE's bullish sentiment suggests continued upward movement. Reaching $0.0001 seems achievable if trends persist.