A cryptocurrency from the memecoin niche, which has been the subject of much talk lately, is undoubtedly Pepe Coin. Its green and amorphous figure has easily spread through different virtual spaces, capturing all eyes.
Given the frenzy it caused after experiencing recurring bullish rallies, it quickly caught the attention of experts. Those who remain attentive to their market curves. In fact, certain analysts are speculating about the price of its token in the future: could Pepe Coin be worth $1?
The truth is that PEPE's market capitalization exceeds one billion dollars and has remained in the ranking among the main ones in this section of cryptocurrencies. However, there is still a way to go to achieve certain goals.
Luckily for many, the digital asset market does not exhaust its possibilities. Investors back their crypto portfolios with other options with similar characteristics to Pepe Coin. Such is the case of Wall Street Memes, a movement that is exhausting a successful pre-sale and could offer its main holders short-term returns.
Can Pepe Coin be worth a dollar?
Pepe is a cryptocurrency based on the Ethereum chain, and was launched on the market in 2023. Although its native token $PEPE does not offer utilities in itself, it allows its holders the possibility of carrying out digital transactions in a simple way . Pepe Coin, like other cryptocurrencies, is used to purchase goods and services online, as well as to quickly send and receive funds.
It consolidated its position in third place among meme cryptocurrencies by market capitalization, being surpassed by Dogecoin (DOGE) and Shiba Inu (SHIB). However, for PEPE's price to reach the $1 mark, its capitalization would have to rise to a mythical $420 trillion, which does not seem to be a real possibility today.
To put the data in context, it could be compared to the most valuable asset globally: gold. At the time of publishing this article, gold has a market capitalization of $13.36 trillion.
Following this line, Pepe Coin should multiply 31 times the current market capitalization of the golden mineral. Therefore, despite the great enthusiasm and excitement surrounding meme cryptocurrencies, especially Pepe Coin, it is unlikely.
It is worth noting that we are referring to highly volatile assets, which are also immersed in a very dynamic panorama. However, it is practically unthinkable that Pepe Coin will reach the price mark of one dollar per token in the short term.
