Recent analyses indicate a bullish outlook for Pepe Coin $PEPE . The cryptocurrency reached an all-time high of $0.00001088 in mid-May 2024, with a market cap surpassing $4.5 billion. This surge has attracted significant attention from traders and analysts, who predict continued growth due to increasing trading volume and market interest [oai_citation:1,New Record High for PEPE as Meme Coin Traders Turn Bullish](https://beincrypto.com/meme-coin-pepe-bullish-all-time-high/).
Looking ahead, various sources forecast that PEPE will maintain its upward trend throughout 2024. By the end of the year, predictions suggest the coin could achieve a maximum price of $0.000127396, with average prices expected around $0.0000146198 [oai_citation:2,PEPE Coin Price Prediction: 2024, 2025, 2026 - 2030](https://coinpedia.org/price-prediction/pepecoin-pepe-price-prediction/). Short-term forecasts are also optimistic, projecting the price to reach approximately $0.00001701 by the end of May 2024 [oai_citation:3,Pepe (PEPE) Price Prediction 2024 2025 2026 2027 - 2030](https://changelly.com/blog/pepe-pepe-price-prediction/).
This bullish sentiment is driven by several factors, including the growing popularity of meme coins, PEPE's market performance, and positive technical analysis. Analysts highlight that after a brief consolidation period, PEPE is likely to break out and continue its upward trajectory [oai_citation:4,New Record High for PEPE as Meme Coin Traders Turn Bullish](https://beincrypto.com/meme-coin-pepe-bullish-all-time-high/) [oai_citation:5,How Will Pepe Perform in 2024 & The Next 100x Memecoin | CoinCodex](https://coincodex.com/article/39124/how-will-pepe-perform-in-2024-the-next-100x-memecoin/).