The Road to $1: Analyzing Pepe-coin’s Promising Trajectory

Pepe-coin
Pepe-coin

Pepe-coin: Meme coins have been around for quite a while but few have an impact as big as the legendary Pepe coin has made on the cryptocurrency market. While Dogecoin’s success has set a precedent for other coins to follow, it is safe to say that Pepecoin can take the crown of the next big meme coin for itself.

What is Pepe-coin (PEPE)?

Pepe-coin (PEPE) was launched on 17 April 2023. The objective of its creation was to create a meme coin that would be memorable and have a lasting impact on the market. Perhaps its incredible optimism was the reason that the coin experienced a surge in its price following its launch in its initial weeks. 

The coin’s creation was inspired by the famous Pepe the Frog, a character from Matt Furie’s Boy’s Club series that debuted in 2005. The anthropomorphic character became a popular Internet meme in the late 2000s and early 2010s.

The creators of Pepe-coin (PEPE) have chosen to remain anonymous but there are speculations that one of its top holders could be one of the founders. Although Mathh Furie himself had nothing to do with the creation of the Pepecoin (PEPE)

It is specified on the official Pepecoin (PEPE) website that: “$pepe coin has no association with Matt Furie or his creation Pepe the Frog. This token is simply paying homage to a meme we all love and recognize.”

The community behind the meme currency is frequently credited with its invention. On the other hand, claims surfaced in August 2023 that Zachary Testa—known on Telegram as @degenharambe and @LordKekLol—was the developer of PEPE. There is no confirmation for this information.

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Tokenomics And Token Distribution

According to official sources, the maximum supply of Pepe-coin is 420.69 trillion, which is a lot even for coins with an insanely high maximum supply. The fact that the total supply and circulating supply of Pepecoin (PEPE) is 420.69 trillion makes it even more surprising. 

Pepe-coin (PEPE) has a fully diluted market cap of $6.43 billion as of 26 May 2024 which rivals even the Fortune 500 companies.

A percentage of tokens is burnt with each transaction, reducing supply over time and 6.9% of the supply is held in a multi-signature wallet for exchange listings, bridges, and liquidity pools.

PEPE’s price have been impacted by broad changes in the cryptocurrency market, specifically in the meme coin market. While negative markets can result in sharp drops, bullish markets frequently see an upsurge in speculative activity.

Price Analysis

Upon the initial launch of the Pepecoin (PEPE), its price increased substantially. It was partly due to its optimism along with its positive nature and partly due to its association with the Pepe The Frog meme.

There were sharp price increases that were caused by periods of social media activity that became viral, influencer endorsements, or mentions in popular culture.

However like many other coins that experienced price drops, 

The Pepecoin (PEPE) prices have also experienced significant corrections, as have those of many other speculative assets, with severe declines after periods of high enthusiasm.

Pepe-coin (PEPE) experienced an all-time low when the price had hit $0.00000002. The current price of PEPE is up 547.52% from its all-time low. The all-time high price of Pepe (PEPE) is $0.00001577. The current price of PEPE is down 0.04% from its all-time high.

Exchange Listings

There are various exchange listings where you can buy and/or sell Pepecoin (PEPE). Some of them are given below:

ExchangeTrading Pairs24-Hour Volume
BinancePEPE/USDT, PEPE/BUSD, PEPE/BTCNot specified
KuCoinNot specified
BybitPEPE/USDTNot specified
OKXPEPE/USDTNot specified
Gate.ioPEPE/USDT$59,029,177.85
MEXC GlobalPEPE/USDTNot specified
Binance USNot specified
Crypto.com ExchangeNot specified
AscendEXNot specified
IndodaxPEPE/IDRNot specified
HotbitPEPE/USDTNot specified
Crypto.comNot specified
HuobiPEPE/USDTNot specified
PoloniexPEPE/USDTNot specified
MercatoxNot specified
IndoexNot specified
YoBitNot specified
BingXNot specified
BitruePEPE/USDTNot specified
BitmartPEPE/USDTNot specified
BitgetPEPE/USDTNot specified
DigifinexPEPE/USDTNot specified
LBankPEPE/USDTNot specified
Probit GlobalPEPE/USDTNot specified
BkexPEPE/USDTNot specified
BitbnsPEPE/INRNot specified
BithumbPEPE/KRWNot specified
UpbitPEPE/KRWNot specified
CoinonePEPE/KRWNot specified

Road Map

Road maps are essential for any successful cryptocurrency and Pepe-coin (PEPE) is not any different. According to the official website for Pepecoin (PEPE), there are three phases for its road map and those are:

Phase 1: Meme 

Phase 2: Vibe and HODL

Phase 3: Meme Takeover

The initial release of PEPE tokens, community involvement and expansion initiatives, joint ventures and cooperation, and ongoing ecosystem development and enhancement are among the main points of emphasis for the PEPE token plan. To encourage more user participation, it also intends to implement governance systems and maybe integrate with other platforms for broader adoption.

Recent And Future Events

Pepe is conducting an airdrop event with a prize pool of 10,000,000,000 PEPE tokens. The event is set to commence on the 26th of October and will conclude on the 31st of October at 16:00 UTC. AscendEX will list Pepe (PEPE) under the trading pair PEPE/USDT on September 26th at 3:00 a.m. UTC.

Price Prediction

It must be noted that making a 100% accurate judgment about any cryptocurrency is not possible as there are many variables that one must consider in making any type of prediction, The current price of PEPE is $0.000013, with a 24-hour trading volume of $59,029,177.85

Here is the price prediction for this and the next year.

Pepe Price Prediction for 2024: The maximum PEPE price predicted for 2024 is $0.000053, with an average price of $0.000027.

Pepe Price Prediction for 2025: PEPE is expected to trade at a high of $0.00010452, a low of $0.00008421, and an average of $0.00009266 in May 2026. By the end of May 2026, the price is expected to have increased by 16.0% to $0.00009768.

Final Thoughts

The distinctive deflationary dynamics, cutting-edge features like auto-staking, and integrated liquidity pool of the Pepecoin (PEPE) coin set it apart from the others. Unlike other meme coins, which are usually speculative, it seeks to build a strong community and add value through charitable collaborations and real-world use-case development.

Whether Pepecoin (PEPE) would reach $1 depends entirely on how the market continues to perceive it. If the market is favorable and the Pepecoin (PEPE) continues to persevere in its optimism and enthusiasm then it is just a matter of time before the meme coin reaches $1 valuation.

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