💰Will Pepe Coin Price Hit $1? 🚀💰

Explore if Pepe Coin price has the momentum to soar higher and hit $1 this bull run. Can PEPE fundamentals help give it the oomph it needs?

PEPE’s performance this year is lacklsuter when comparing to its peers. Therefore, investors believe that Pepe Coin could explode soon. Can it follow cues from Dogecoin and hit $1 this cycle? Let’s explore.

📈Can $PEPE Coin Price Hit $1?

Pepe Coin price was trading at $0.00002362 on Friday, up by almost 2,500% from its lowest level this year. It has also jumped by over 3,000% from its 2023 lows

The coin now needs to jump by about 4.13 million percentage to get to $1. While such a move is likely in the crypto industry, signs are that it will not happen in the ongoing crypto bull run.

A move to $1 would push Pepe’s market cap to over $434 billion, a move that would make it the 21st biggest company in the world.

What is clear, however, is that the price of Pepe has more room to run. On the daily chart, we see that the coin formed a cup and handle pattern between March and November this year. This pattern is made up of a horizontal line and a rounded bottom, and is one of the most bullish signs in the market.

🔥Upcoming Pepe Burn As A Catalyst

Pepe has numerous catalysts. The most important one is that it is one of the most popular meme coins in the crypto industry. It is not uncommon for its daily volume to be more than that of Dogecoin and Shiba Inu.

The other potential catalyst is the upcoming burn, which will reduce the number of coins in circulation. Media reports are that Binance will start a $1 billion Pepe token burn in January 2025, a move that will reduce the number of coins in circulation.

🎯Conclusion

Pepe coin needs to rise by over 4 million percent to get to $1. While this is possible, chances are that it will not happen soon.

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