While $PEPE has shown impressive growth, with a 654% increase in the last year and outperforming 94% of the top 100 crypto assets, reaching $1 soon seems highly improbable. Despite its notable performance, even surpassing Bitcoin and Ethereum in gains, PEPE's current price of $0.00001170 indicates it would require an exponential increase to reach $1.

Several factors contribute to its recent upward trajectory. The coin is trading above the 200-day simple moving average, indicating a bullish long-term trend. Additionally, PEPE has high liquidity relative to its market cap, suggesting strong investor interest and the ability to handle large transactions without significant price swings. The backing from influential financial figures and positive sentiment in the broader cryptocurrency market, particularly due to endorsements like Larry Fink’s, has also bolstered its price.

However, the volatility of PEPE cannot be ignored. Despite its gains, PEPE has had only 13 green days in the last 30 (43%), indicating a considerable amount of fluctuation. The upcoming ETF trading starting on July 23 could further impact its price, potentially driving it higher. Yet, reaching $1 would require an unprecedented and sustained rally, far beyond its current growth patterns.

While PEPE is on a bullish path and has outperformed major cryptocurrencies, the prediction that it will reach $1 soon is overly optimistic given its current valuation and market dynamics.