Meme coins are known in the cryptocurrency market for boosting investor morale, especially during times of market volatility or stagnation. For meme coin enthusiasts, the newly launched “PEPE” coin cannot be ignored. It has established a remarkable benchmark, with shares soaring nearly 7,000% since its debut in April 2023.
Memecoins based on popular memes exemplify this trend, and Pepecoin is a good example. Pepecoin draws inspiration from the "Pepe the Frog" meme, which originally appeared in Matt Furie's comic "Boy's Club." Pepecoin’s initial market dynamics were significantly influenced by frog-themed memes spread across social platforms by its creators and supporters.
Pepecoin shows how the cryptocurrency community can unite around cultural symbols, often ignoring the underlying economic foundation of the asset. It follows in the footsteps of dog-themed meme coins like Dogecoin and Shiba Inu. Dogecoin rose to fame with the backing of billionaire Elon Musk and has a market capitalization of $10 billion. The Shiba Inu, meanwhile, has a market capitalization of more than $5 billion. In comparison, Pepecoin currently has a more modest market capitalization of around $464 million, well below its peak of $1.5 billion in May 2023.
After a remarkable bull run, the famous meme coin Pepe has recently experienced a slowdown. However, despite the economic downturn, large investors are still actively acquiring PEPE. This raises an important consideration: Is investing in Pepe a worthwhile decision? Can it surpass the dominance of leading memecoins including Shiba Inu and Dogecoin?
How much is a Pepe worth today?
The current price of Pepe today is $0.0000014 with a 24-hour trading volume of $45.06 million. It currently has a market capitalization of $484.23 million and a market dominance of 0.03%. PEPE prices fell 0.23% in the past 24 hours.
Pepe Coin peaked on May 5, 2023, reaching the highest paid price of $0.000004408. Pepe Coin’s all-time low price has not yet been specified, but it hit a cycle low of $0.0000006088 after setting an all-time high. Conversely, the highest price Pepe Coin reached since the previous cycle low was $0.051455, marking the cycle high. Speaking of how many pepe coins there are, the current number is 417.5 trillion, which is the current circulating supply.
Pepe Price Analysis: PEPE price continues to face bearish pressure as it struggles near $0.0000013
TL; Disaster recovery breakdown
PEPE price analysis shows Pepe coin sparks selling demand as it challenges $0.0000013
Pepe’s resistance is $0.000001317
The support price for PEPE/USDT is $0.000001017
PEPE price analysis for January 8 confirms selling pressure on the bears as PEPE price declined from the resistance at $0.0000013. Currently, PEPE price is hovering in a key support zone and is experiencing bearish sentiment.
Pepe Coin Price Analysis 1-Day Chart: PEPE Loses Buyer Support Near $0.0000013
Analyzing the daily price chart of Pepe Coin, Pepe’s price saw mild selling demand as the price rejected from a peak of $0.0000013. Currently, PEPE prices are raising bearish concerns as the price trades near key support lines and is on the verge of a sharp collapse. 24-hour trading volume has surged to $10.72 million, indicating increased interest in trading activity today. Pepe is trading at $0.000001085, down more than 8.4% in the past 24 hours.
The RSI-14 trendline has declined from previous levels and is currently trading below the midline at the 38 level, suggesting bearish control. The SMA-14 level indicates volatility in the coming hours.
PEPE/USDT 4-hour price chart: Bulls target correction above EMA20
The 4-hour Pepe price chart shows that bears are gaining dominance near the immediate support line as PEPE price turns lower at the moving averages. However, bulls are defending the price from a break below the Fibonacci channel and targeting a pullback above the EMA20.
The BoP indicator is in positive territory at 0.92, indicating that short-term buyers are seizing the opportunity to accelerate the uptrend.
However, the MACD trendline formed a small bearish candle below the signal line and the indicator maintained negative momentum, boosting the confidence of short holders.
What to expect next from PEPE price analysis?
The hourly price chart confirms that Pepe is attempting to break below the immediate support line; however, bulls are expecting a further recovery rally in the coming hours. If Pepe’s price manages to maintain its momentum above $0.000001317, it will fuel a bullish rally to $0.000001601.
If the bulls fail to initiate a surge, Pepe price could fall below the immediate support line at $0.000001017, which could start a bearish trend towards $0.000000826.
Latest news
Pepe burned $5.5 million: In October, Pepe burned 6.9 trillion tokens. This move reduces the total supply and alleviates concerns about the team’s large holdings of the token, which is currently valued at $3.72 million. New advisors have since been hired to strategize the use of remaining tokens for partnerships and marketing. This development follows a recent incident in which several developers allegedly transferred Pepe tokens without authorization.
Pepe Rug Pull: Pepe Coin has been embroiled in controversy, with claims that it is a scam popping up on social media. An anonymous developer on the team accused three members of stealing 16 trillion tokens (about 60% of the total supply) from Pepe’s multi-signature wallet and selling them on exchanges, saying the problem The reasons are internal conflict and greed. Pepe Price Forecast 2024-2033
Cryptopolitan Price Prediction
Annual Minimum ($) Average ($) Maximum ($) 2024 0.0000020.0000020.000002 2025 0.0000030.0000030.000003 2026 0.0000040.0000040.0000042027 0.0000050.0000060. 00000620280.0000080.0000090.00000920290.0000120.0000130.00001420300.0000170.0000180.00002120310.0000270.0000270.0000312032 0.0000370.0000380.00004720330. 0000530.0000550.000064
Pepe Price Prediction 2024
Based on our in-depth technical analysis of PEPE past price data, the price of Pepe in 2024 is expected to trade at a low of around $0.000002. Pepe prices can reach as high as $0.000002, with an average transaction value of $0.000002.
Pepe Price Prediction 2025
Pepe price is expected to reach a minimum level of $0.000003 in 2025. According to our findings, PEPE price could reach the highest possible level of $0.000003, with an average predicted price of $0.000003.
PEPE Price Forecast 2026
The price of Pepe is expected to reach a minimum value of $0.000004 in 2026. Pepe price could reach as high as $0.000004, with an average trading price of $0.000004 throughout 2026.
PEPE Price Prediction 2027
According to our in-depth technical analysis of PEPE past price data, the price of Pepe is expected to reach a low of $0.000005 in 2027. PEPE prices can reach as high as $0.000006, with an average trading price of $0.000006.
Pepe Price Prediction 2028
According to forecast price and technical analysis, the price of Pepe is expected to reach a minimum level of $0.000008 in 2028. PEPE prices can reach as high as $0.000009, with an average trading price of $0.000009.
Pepe Price Prediction 2029
According to forecasts and technical analysis, the price of Pepe is expected to reach a minimum price value of $0.000012 in 2029. PEPE prices range up to $0.000014, with an average of $0.000013.
PEPE Price Prediction 2030
The price of Pepe is expected to reach a minimum value of $0.000017 in 2030. Pepe price may reach a peak value of $0.000021, with an average trading price of $0.000018 throughout 2030.
Pepe Price Prediction for 2031
Pepe price is expected to reach a minimum level of $0.000027 in 2031. According to our findings, PEPE price could reach the highest possible level of $0.000031, with the average predicted price being $0.000027.
PEPE Price Prediction 2032
The price of 1 Pepe is expected to reach its lowest level of $0.000037 in 2032. PEPE prices can reach as high as $0.000047, with an average price of $0.000038 in 2032.
Pepe Price Prediction for 2033
The price of Pepe is expected to reach its lowest level in 2033 at $0.000053. Pepe prices can reach as high as $0.000064, with the average price in 2033 being $0.000055.
Pepe Price Prediction on Coincodex
According to the current price prediction on Coincodex, the price of Pepe Coin is expected to fall by -6.66% to reach $0.000001112 by January 9, 2024. Technical indicators on Coincodex indicate that current market sentiment is bearish, with the Fear & Greed Index indicating a score of 68, indicating greed. In the past 30 days, Pepe Coin has experienced 13/30 (43%) green days, with a price volatility of 6.17%.
Coincodex predictions indicate that right now is not an ideal time to buy Pepe Coin. Taking into account the historical price trend of Pepe Coin and the BTC halving cycle, Coincodex estimates that the lowest price of Pepe Coin in 2025 may be around $0.000001050. Furthermore, the price of Pepe Coin is expected to reach a high of $0.000002611 next year.
Pepe price prediction (by digital currency price)
According to forecast data analysis by Digital Coin Price, the price of PEPE is expected to break through the $0.00000271 level in 2025. By the end of the year, Pepe is expected to reach a minimum price of $0.00000257, with the possibility of reaching a maximum of $0.00000284. Furthermore, analysis by Digital Coin Price predicts that the price of PEPE will exceed $0.0000240 in 2033. By the end of 2033, Pepe is expected to reach a minimum price of $0.0000234 and may reach a maximum price of $0.0000241.
Changelly’s Pepe Price Target
According to Changelly’s analysis of Pepe’s historical prices, it is expected that the lowest price of Pepe in 2025 may be around $0.000003. The highest PEPE price in the same year is expected to be approximately $0.000004, and the average transaction price is expected to be $0.000003.
Analysts at Changelly also provided forecasts out to 2040, suggesting a potential peak price for PEPE of $0.000977. However, the price is likely to drop to around $0.000816, leading to an expected average trading price of $0.000858.
PepeCoin: A quick overview
PEPE Coin’s official Twitter account called it “the most meme-worthy meme coin ever,” jokingly stating that it’s time to change the era of dog-themed meme coins, like the once-famous Doggie Same as coins. PEPE debuted on April 17 to modest initial attention. Its theme is derived from the Pepe the Frog meme created by Matt Furie in 2005, which has been associated with various trends, including the alt-right movement. Despite its thematic roots, PEPE has no formal connection to Furie or the original cartoon character. Other features that underscore the PEPE memecoin’s status include its total supply of 420 million tokens, a nod to the 4/20 date celebrated in cannabis culture. Analysts are calling PEPE coin a “meme takeover.”
For context, it took nearly four years for Dogecoin (DOGE) to reach a market capitalization of over $1 billion. In stark contrast, Pepe Coin achieved this milestone in just three weeks after its launch. Although the price of $PEPE has fluctuated significantly since then, the number of individual investors has remained high.
The official website of Pepe Coin states that $PEPE has no intrinsic value and does not promise any financial return. However, it is worth noting that unofficially, over a hundred thousand investors have purchased $PEPE through Binance and other major cryptocurrency exchanges.
Project changes for PEPE
In August 2023, the Pepe Coin community was rocked by the unexpected transfer of $16 trillion in PEPE tokens (worth approximately $15 million) from the project’s multi-signature wallet to various centralized exchanges.
Once the incident was reported by the media, the value of meme coins dropped sharply. Community members have taken to social media platforms to express concerns about the future of $PEPE.
In an effort to clarify the situation, a representative with access to the project's official communications account provided an explanation for the mysterious transfers. This move is presumably to appease society. Instead, the statement only heightened concerns.
The explanation revealed that a disgruntled developer from the Pepe Coin team was behind the unauthorized access and transfer of multi-signature wallet tokens, allegedly under the guise of “updating” the wallet. Those developers later parted ways with the project.
Individuals who managed the project’s communications account explicitly labeled these former developers as the culprits, accusing them of stealing and subsequently selling the stolen tokens.
Throughout September, the value of Pepe Coin continued to trend downward despite the assurance that the tokens in the multi-signature wallet were safe and managed by individuals dedicated to the welfare of the community and the remaining $PEPE tokens.
In October, the official Pepe Coin communications account announced a major development. They brought in a new team of consultants to lead the project. The announcement also included the news that $6.9 trillion of PEPE tokens (approximately $6 million) have been burned, effectively reducing the total available supply of the project.
This action to burn tokens, coupled with news of a new advisory team, sends a positive message to investors about the project’s ongoing development and management. As a result, these developments have led to an increase in the price of $PEPE.
How does PepeCoin work?
PEPE Coin was informally created as a tribute to the widely known internet meme "PEPE Frog" that was popular in the early 2000s. It lacked a structured team or a clear development roadmap.
Despite the lack of fundamental support, PEPE quickly climbed into the top 100 cryptocurrencies by market capitalization, ranking 70th on CoinMarketCap within just two weeks of launch. The PEPE token began trading on April 15, 2023, at a price of approximately $0.000000001 per coin, and at the time of writing, is valued at $0.000001116 per coin.
The PEPE Coin official website states frankly: "PEPE is a meme coin with no intrinsic value and no expectation of financial return. There is no formal team or roadmap. This coin is completely useless and is for entertainment purposes only."
Contrary to this statement, PEPE is designed to capitalize on the meme coin craze, similar to Dogecoin, Shiba Inucoin, and others. Its main difference is its theme inspiration; Dogecoin and Shiba Inu are dog-themed, while PEPE is frog-themed.
PEPE coin uses a deflation mechanism, where a small portion of the tokens are destroyed with each transaction. The purpose of this approach is to create scarcity and potentially increase the value of remaining tokens over time.
Additionally, PEPE uses a redistribution model where a portion of each transaction is distributed among existing token holders. The strategy is designed to promote user engagement and encourage long-term investment in the token.
Pepe Price Forecast: Price History
The origins of the PEPE coin remain shrouded in mystery. Unlike many other cryptocurrencies, it does not use common methods such as initial coin offerings (ICOs), pre-sales, or airdrops to distribute tokens. Rather, the coin’s emergence and popularity is entirely due to the appeal of the “PEPE the Frog” meme to potential investors.
It’s worth noting that there is no known connection between PEPE coin and Matt Furie, the original creator of the “PEPE the Frog” meme. The identity of PEPE Coin’s creator remains unknown, and the only known fact is that it was launched around mid-April 2023.
Details about the team behind PEPE are sparse. However, despite the lack of clear information about its creators, PEPE has attracted widespread attention on social media platforms such as Twitter and Telegram. This popularity quickly cultivated a community around the meme coin.
The Pepe coin quickly gained traction soon after its cautious launch in mid-April, recording its first significant activity on Etherscan on April 18.
The token’s value surged dramatically from the start, jumping from $0.00000006036 to $0.0000004002 in the first three days, a whopping 563% increase. This rapid growth has sparked discussion about Pepe’s potential as a top meme coin.
After a brief period of price adjustment and stabilization, Pepe's value began to rise significantly on April 30, soaring 214% in just two days to hit a record high. Binance attributed the surge to massive buying by major investors.
Pepe’s momentum continues, with the meme coin reaching a staggering $1.8 billion market capitalization and a price reaching an all-time high of $0.000004354. This peak coincided with Binance’s announcement on May 5 that it would be listing Pepe.
However, this upward trend was short-lived as early investors quickly began taking profits, causing the price to fall. After reaching all-time highs, Pepe's volatility has dropped significantly and buying and selling pressure appears to be waning.
The coin experienced a massive sell-off on August 24-25, 2023, losing nearly 27% of its value. According to a statement on Pepe’s official communications channel, the drop was due to a malicious team member misappropriating and selling funds from Pepe’s multi-signature wallet.
On October 19, as Bitcoin surged toward the end of 2023, Pepe also experienced a recovery. The coin destroyed 1.6% of its total supply, totaling 6.9 trillion coins. This move helped Pepe break out of a long-term downward trend, rising 104% in eight days to once again break through the $0.000001 mark. The coin has since been trading relatively stable and has yet to retest the key support level at $0.000001.
More about PepeCoin
PeppaCoin comparison. Pepe 2.0
Pepecoin (PEPE) has witnessed an extraordinary surge in the meme cryptocurrency market, growing more than 35,000% in the first three months.
The coin’s viability has largely been subject to speculation within social media circles, suggesting real-world applications could be beneficial. The launch of derivatives platform PEPE 2.0 has received as much attention as the original $PEPE, leading to a shift in investor interest. While Pepecoin ($PEPE) experienced its first-ever four-day losing streak, the price of PEPE 2.0 rose over the same weekend.
PEPE 2.0 emerged as a spin-off of the original Pepecoin (PEPE) platform in June, approximately three months after $PEPE debuted. It was created by a number of $PEPE investors with the intention of replicating the original success of $PEPE, but with improvements made to address the original coin’s glaring flaws. The launch of PEPE 2.0 attracted widespread attention from investors, causing its value to increase by approximately 1,000% in ten days, seemingly at the expense of the original Pepecoin (PEPE) price.
Compared to Pepecoin (PEPE), PEPE 2.0 incorporates a 1% transaction tax designed to fund the platform’s development plans. According to the official statement, PEPE 2.0 aims to incentivize token holders and cultivate a sustainable ecosystem. The developers have also given up smart contract addresses, demonstrating their commitment to the security and integrity of the platform.
What are the factors that affect the price of Pepe?
Several key factors have contributed to the significant increase in Pepe's price, and they may continue to affect its value in the future. Here are the main ones:
Exchange Listing: Pepe’s value soared after it was listed on the Binance exchange. It is now traded on various top exchanges. The possibility of listing on another reputable exchange like Coinbase could cause the price to rise again.
Meme Coin Narrative: Pepe started the recent meme coin trend. Its rise in value sparked similar rises in other new meme coins. Pepe may experience further surges during future phases of meme coin popularity.
Impact of the Bitcoin Halving: The Bitcoin halving is a scheduled event every four years that cuts the creation of new Bitcoins in half and usually triggers a bull run. The next halving in April 2024 may have a positive impact on Pepe’s price before and after the halving.
Future developments: In order to reach a valuation like Dogecoin or Shiba Inu, Pepe will need to provide more utility to its users. Announcements regarding Pepe's future development could significantly impact its market value.
On the other hand, if Pepe continues to function solely as a memecoin without increasing utility, it may struggle to maintain demand and could cause its price to decline over time.
The best place to buy PEPE
Since its launch in 2023, Pepe has been listed on several leading cryptocurrency exchanges, with Binance being the best among them. Binance stands out with its competitive fee structure, diverse features, and range of payment options.
If you are interested in joining this trend and investing in PEPE Coin, follow the steps below to purchase it through an available cryptocurrency exchange:
Account creation and verification: Register for an account on the exchange’s website or app. Complete the authentication process.
Existing account login: If you already have an account with the exchange, just log in using your existing credentials.
Buy Cryptocurrency: Navigate to the “Buy Cryptocurrency” section on the exchange’s website. This will display the options available in your area. At this point, you might consider purchasing the stablecoin first, which you can then use to trade PEPE.
Payment Methods: Complete your purchase of PEPE using your preferred payment method, such as bank credit or debit card, bank deposit, or peer-to-peer (P2P) service.
Storing PEPE: Once you purchase PEPE, you can choose to store it in your personal cryptocurrency wallet or keep it in your account on the exchange.
Is the Pepe hype over?
Hype for Pepe, a meme coin with a dedicated community, has waned recently as investors turn their attention to utility tokens. However, market trends tend to be cyclical, and liquidity can fluctuate between different types of investments.
Aware of these trends, the memecoin industry anticipates that future developments, such as exchange listings and ecosystem enhancements, may increase Pepe's value and stimulate long-term interest.
It’s worth noting that Pepe’s market capitalization soared to $1.8 billion at its peak, but despite its lack of inherent utility, is now worth $477 million. This speculative nature makes it a high-risk investment.
The rapid growth of Pepe Coin has led to the emergence of numerous variants, attracting investors looking for alternatives or looking to take early advantage of these new coins, just as they did with Pepe.
Given these dynamics, it would be premature to declare Pepe no longer welcome. In the next bull market, Pepe is likely to align with broader market trends and potentially bolster its value with a strategic refresh.
in conclusion
Frog-themed meme coin PEPE has exploded in popularity in the cryptocurrency market, bringing a boon to its early adopters and generating handsome profits. It has even surpassed established meme coins such as Dogecoin and Shiba Inu, attracting a variety of criticism and a strong fan base. This surge is evident in its growing holder base, trading volume, and social media footprint, fueling speculation about its future growth.
However, PEPE’s foundation lacks the solidity and intrinsic value that is typical of meme coins, casting doubt on the durability of its current success. Like other meme coins, its future remains highly speculative in the volatile crypto market.
Historically, the crypto industry has seen its share of “rags to riches” stories, including cultural phenomena like meme coins. Only two companies, DOGE and SHIB, have retained their value and performed well as investments during the bear market. PEpeCoin may become the third noteworthy example of this trend, but it is too early to predict the long-term viability of meme coins.
For memecoins like PepeCoin to be considered a stable asset class, they must go through the various Bitcoin cycles, achieve important milestones such as reaching a $1 trillion market cap, and form a substantial, cultural presence in the crypto world. driven ecosystem. Until these achievements are achieved, meme coins, including PEPE, remain on the speculative fringe of the crypto ecosystem.
