The value of Pepe Coin has surged nearly 58% in a month, sparking curiosity about its potential to break the $0.01 mark. Currently, the trading price of Pepe Coin has not been explicitly disclosed in the latest data, but its market cap stands at $5.88 billion, with a gain of 0.29%.
$PEPE has claimed the meme coin crown with an astonishing monthly increase of 57.9%. As this frog-themed token soared, it outperformed competitors, turning early believers into winners overnight, and investors' fear of missing out (FOMO) surged.
In a market clouded by profit-taking and liquidations, $PEPE stands out, rising nearly 5% in the past 24 hours, becoming the only gainer among the top seven memecoins.
This strong performance has sparked a bold question among traders and cryptocurrency enthusiasts: Can $PEPE reach 1 cent in the long term?
What is driving the claim that $PEPE has 'dropped' to 1 cent?
One of the main drivers behind this bold price prediction is a recent post shared by U.S. President Donald Trump on his platform Truth Social.
The caption accompanying the photo of Trump reads: 'He is on a mission given to him by God, and nothing can stop what is coming.'
Although this message seems to be about Trump himself, keen observers noted that the iconic frog mascot of $PEPE is cleverly placed in the background, marked in red in the above image.
This unexpected appearance sparked bullish enthusiasm within the meme coin community.
According to CoinGlass data, the open contracts for $PEPE surged by 9.81% in the last 24 hours, while trading volume also increased significantly by 31.8%. During this period, the trading value of $PEPE exceeded $2.7 million.
Additionally, the weighted funding rate for $PEPE has remained positive for nine consecutive days.
This indicates that bullish holders (buyers) are paying bearish holders (sellers), showing strong bullish sentiment as contract prices exceed spot prices.
Search interest further supports this growing enthusiasm.
The current search interest index for $PEPE, while down from a peak of 100 on May 14, stands at 21, which is 8 percentage points higher than Dogecoin, which has a market cap of over $32 billion.
Many traders believe that if $PEPE continues to attract public attention, it could eventually challenge Dogecoin for the top spot in the memecoin hierarchy.
Can $PEPE really reach 1 cent?
Traders still remember that in December 2024, Elon Musk briefly changed his profile picture to a $PEPE-themed image with the label 'KEKIUS MAXIMUS.' That month, Pepe Coin reached an all-time high of $0.00002825, about 49% higher than the current price.
This celebrity effect continues to fuel speculation about its future price movements. To better understand, we consulted Grok, the generative AI chatbot developed by Elon Musk, for insights.
According to Grok, the current trading price of $PEPE is approximately $0.000014, with a market cap of about $5.9 billion.
However, its circulating supply is as high as 420.69 trillion coins. Such a massive supply makes higher price targets (like 1 cent) extremely challenging.
To reach $0.01, $PEPE would need to surge about 715,000%, bringing its market cap to approximately $4.21 trillion.
In comparison, this figure surpasses the valuations of major companies like Apple or NVIDIA and rivals the GDP of large economies, making such a scenario unlikely in the short to mid-term.
Even Bitcoin, the highest market cap cryptocurrency, has never reached such valuation levels.
$PEPE Price Prediction: Technical Levels to Watch
As of the time of writing, the trading price of $PEPE/$USDT is close to $0.00001375. The key support level is between $0.00001120 and $0.00001200, marking the breakthrough level that recent bulls have successfully defended.
Holding this range could lay the foundation for further upward movement. On the upside, intermediate resistance is expected between $0.00001550 and $0.00001750.
Before the token attempts to retest its previous high (close to $0.00002200), these levels may pose short-term obstacles.
The chart indicates that this level is a key resistance area that must be broken for $PEPE to reach new all-time highs.
The Relative Strength Index (RSI) is at 58.86, indicating a neutral reading, not yet overbought or oversold.
However, a sustained breakthrough of $0.00001550 could open the door for a retest of $0.00002200, while a drop below $0.00001200 could undermine the current bullish outlook.
