There is a possibility of further rise. Musk's attention and support for pepecoin attracted more investors, pushing its price up. According to the current market situation, some analysts predict that pepe may rise by 226% before January 16, 2025, and hit the target price of $0.000074.
• There is a risk of falling. The price of pepe coins fluctuates violently. On December 31, 2024, Musk changed his username and profile picture, which caused the price of related meme tokens to soar. However, as Musk changed his nickname back to his real name, the price of related tokens plummeted by 90% in just ten minutes.
Market demand
• Investor interest continues to increase. Coinglass data shows that large transactions of pepe coins have occurred, the number of active addresses is growing, and as of December 2024, the market sentiment of pepe traders tends to be bullish, with about 80% of top traders holding long positions.
• Affected by the overall market. If the overall cryptocurrency market is good, such as the approval of Ethereum spot ETF and other positive news, it will bring more market demand for pepe coin.
Community Development
• Strong community support. Pepecoin is based on popular online emoticons. Community members continue to expand the ecosystem of Pepecoin through emoticon creation, social media interaction and offline activities.
• Community-driven application expansion. The community is actively exploring its potential practical scenarios, such as rewards and payments on social media platforms. As these scenarios are implemented, the demand for the use of pepe coins is expected to increase.
Risks and Challenges
• Regulatory risks. The regulatory policies for the cryptocurrency industry are still imperfect and are constantly changing. If stricter regulatory policies are introduced in 2025, the trading and development of pepecoin may be restricted.
• Market competition. The cryptocurrency market is highly competitive, with new projects and currencies constantly being launched, which may distract investors’ attention and funds, posing a threat to the development of pepecoin.
Work statement: The content is for reference only and does not constitute investment advice