From a technical perspective:
If the supply of PEPE is large, the market value will have to soar to $0.0012. For example, if there are trillions of PEPE in circulation, then if it rises to $0.0012, the market value will be billions of dollars. In the speculative circle of memecoins, this number is not small, but it is not completely impossible. However, if there is no big movement, it is a bit difficult to increase to this number.
Optimistic scenario:
If PEPE becomes popular and everyone knows about it, coupled with the bull market of cryptocurrency, the price of PEPE may soar, and it is not impossible to reach $0.0012 in a short period of time. However, if it has no practical use and relies solely on speculation, it is not easy to stabilize the price.
Negative or neutral scenario:
If the market is not good, or people are not interested in PEPE anymore, it will be difficult for it to rise to $0.0012. The price of meme coins will be affected if the sentiment is not right. If no one continues to pay attention to it, it will be difficult for PEPE to maintain its value.
It is hard to say whether PEPE can rise to $0.0012 in 2024. The risk is high and it depends on many factors, such as whether the community is enthusiastic, whether the marketing is strong, how the crypto market is, and whether it can be listed on new exchanges or find partners.
If you want to invest in PEPE or other meme coins, you have to think carefully. This thing is high-risk and the price goes up and down quickly. Although it is possible to make a lot of money, it is also painful to lose money.
