For Pepe to sustain higher prices the project must surpass the speculative, meme coin hype. While it has massively succeeded in hype, both after its launch and in February of 2024, only time will tell whether it can become a long-term crypto.
Based on its continued presence in the meme coin category, where it is positioned as the third most popular meme coin by market cap, a major announcements, akin to the Binance listing, could causing another spike in the Pepe price in 2024. Provided this happens, our Pepe price prediction forecasts possible highs of $0.000012 by the end of 2024.
Pepe coin has only 12% of the holders that Shiba Inu does, and 3.8% of the holders that Dogecoin does. Pepe also around 25% of the X followers of each, and 16% of the market cap of $SHIB and just 13% of the market cap of $DOGE.
Considering this, Pepe could be deemed undervalued and have more room for growth looking ahead to 2025.
However, for Pepe to achieve a similar valuation to Shiba Inu and Dogecoin, it must provide value. For example, Shiba Inu is releasing Shibarium, an Ethereum layer two scaling solution, along with various other protocols and tools for its community. At the same time, Dogecoin is building the tools and libraries to help businesses seamlessly integrate $DOGE as a form of payment.
Based on its current community size compared to market cap and the fact meme coins are community-driven, our Pepe price forecast estimates Pepe could climb to potential highs of $0.000018 by the end of 2025.
