PEPE, one of the most popular meme coins, has seen significant price volatility recently. In November 2024, it surged 85% in 24 hours to around $0.00002243, driven by intense whale activity and listings on major exchanges like Coinbase. This led to a massive spike in daily trading volume to $20.3 billion.
Factors affecting the price of PEPE:
1. General cryptocurrency market: If cryptocurrencies continue to rise during the current cycle, PEPE may benefit.
2. Popularity and Community Engagement: Being a meme coin, it relies heavily on community momentum and viral memes.
3. Whale Activity: Large buying or selling can greatly impact the price.
Expectations:
In the short term (2024): The price may reach an average of $0.000015-$0.000020 by the end of the year according to market analysis, with a possibility of further upside if the positive momentum continues.
Long term (2030): The price could reach $0.00042 or more if the project maintains its momentum of popularity and community support.
Conclusion:
PEPE coin has good potential to rise if community support continues and crypto adoption in general increases. However, being a meme coin, it is still subject to significant volatility. If you are considering investing, it is important to analyze the risks well and avoid relying solely on speculation.
