🐸 Will $PEPE Coin Price Realistically Hit $1?

A crypto analyst expects Pepe Coin price to hit $1. Can it go parabolic and hit this long-term target price?

Pepe Coin price has plummeted as the ongoing crypto meltdown accelerates, with Bitcoin falling from its all-time high. Can the third-largest meme coin bounce back and hit $1, as a popular crypto analyst expects?

🔸 Crypto analyst predicts Pepe Coin price can hit $1

Pepe Coin price has pulled back this week and entered a technical bear market after falling 30% from its November high. This collapse mirrors that of other meme coins like Dogecoin, Popcat, and Floki.

Still, one analyst believes Pepe can still make a remarkable comeback and surge. In an X-rated post, Comet, who has over 81,000 followers, said he bought 1 million Pepe coins, paying $19 for the transaction. He now expects to become a millionaire when the coin hits $1.

Can Pepe’s price reach $1 like some other meme coins like Dogwifhat, Popcat, and Peanut the Squirrel have done? Pepe is trading at $0.00001824, which means it would have to rise 5,482,352% to reach $1.

Pepe has a market cap of over $7.6 billion, meaning a jump to $1 would put its valuation at $416.6 trillion, a figure that is greater than the combined market cap of all publicly traded companies and the world’s GDP of $105.4 trillion.

So, while anything is possible in the crypto industry, it is highly unlikely that Pepe Coin price will hit $1 anytime soon.

🔸 Pepe Price Analysis: Patterns Indicate a Bounce

A thorough technical analysis of Pepe shows that the ongoing pullback could be short-lived as the coin has formed many bullish patterns.First, Pepe is forming a falling wedge chart pattern,