#2024withBinance The possibility of Pepe Coin "flying" (achieving substantial gains) depends on several factors:
1. Community Engagement: Pepe Coin thrives on social media buzz and speculative trading. A coordinated effort or viral event could significantly boost its price in the short term【6】【8】.
2. Market Sentiment: The current bullish sentiment in the crypto market favors meme coins like Pepe. If this trend continues, the coin could perform well. However, such surges are often short-lived and speculative【6】【7】.
3. Utility and Fundamentals: Unlike projects with clear utility or innovation, Pepe Coin lacks strong fundamentals. This makes it more prone to sharp price volatility based on hype rather than intrinsic value【8】.
4. Broader Crypto Market Trends: The performance of major cryptocurrencies like Bitcoin often sets the tone for smaller coins. If the overall market remains bullish, Pepe Coin could benefit indirectly【7】【8】.