Where will PEPE rise in 2025?
Initial outbreak - Pepecoin (PEPE) made an explosive debut in April 2023, and its price soared by nearly 7,000% after its launch, leaving major projects far behind. On May 5, PEPE reached an all-time high of $0.00000431, and the price has since fallen sharply.
Future predictions - Despite this, some analysts are still optimistic about PEPE's future. PricePrediction analysts predict that by 2025, PEPE may reach a high of $0.00000302, an increase of about 147% from its current value. Analysts at Wallet Investor are more optimistic, predicting that by 2025, PEPE may reach a high of $0.0000273, an increase of 2,137% from its current level.
Competition faced - For PEPE to achieve such a rebound, it needs to overcome competition from larger memecoin projects. Dogecoin (DOGE) and Shiba Inucoin (SHIB) are two major competitors. DOGE, as the first meme coin, has wide adoption and acceptance, and is even backed by companies like Tesla.
Pepecoin fundamentals - In comparison, PEPE's fundamentals are weak. It has low adoption rates, and many places do not accept it as a form of payment. PEPE also faces liquidity issues. However, this does not mean that PEPE has no potential for development. DOGE and SHIB also started from scratch and gradually grew. PEPE can also increase its value by adding real-world use cases.
Pepecoin background - Pepecoin is named after the online meme Pepe the Frog, a character from the comic "Boy's Club" created by Matt Furie in 2005, which has gained great popularity on the Internet. Unlike traditional cryptocurrencies, PEPE was created mainly for community participation and entertainment.
The rise of the meme coin sector
With the rise of the meme coin sector, in addition to PEPE, SHIB and DOGE, Musk's Dogecoin concept coin has also become popular. Recently, Binance reported Musk's concept meme coin#marvin(7055). Marvin is the name of Musk's pet dog. He often mentions it on Twitter and celebrates his birthday on November 1st every year. Marvin's current market value is only more than 500,000 US dollars, but due to the active promotion of the community, it is expected to exceed 10 million in market value soon. For such a potential primary market token, it may have 100-1000 times in the short term. #token2049 #美联储宣布降息50个基点 #币安上线CATI #加密市场反弹 #DODO助力Meme发行
