Pepe Coin is a favorite meme coin for trading due to its high volatility and trading volume. What will happen to its price over the course of a year and after several decades? We will tell you that in today's article.

What is Pepe Coin?

Pepe is a meme coin created in 2023 by a team around the famous character Pepe the Frog. The coin operates on the Ethereum network and is an ERC-20 token.

In terms of usage, Pepe is like any other meme coin: it does not have a large technical base but enjoys widespread popularity due to its strong community and the hype surrounding it. Like Dogecoin and Shiba Inu, the coin responds particularly sensitively when mentioned by celebrities and social media trends.

Therefore, Pepe is an interesting asset that has already entered the list of the largest cryptocurrencies by market capitalization. It is expected to continue developing its ecosystem in the future, which will increase demand for PEPE.

What determines the price of Pepe Coin?

The value of PEPE is determined by supply and demand factors, just like all cryptocurrencies. There are several factors that influence supply and demand.

First, since PEPE is a meme coin, community activity is of utmost importance. The more buzz there is on social media about the asset, the higher the likelihood of its price increasing.

Second, the general state of the cryptocurrency market is very important. When the market is in a bullish phase, interest from buyers increases, and the opposite is true in a bearish phase: buyer interest decreases, and thus the price of PEPE and other crypto assets falls.