The Pepe coin (PEPE) is a meme coin, and its price largely depends on speculative interest, community sentiment, market trends, and external factors, such as the overall situation in the cryptocurrency market or news related to the project. Let's analyze whether the price of Pepe can rise and what influences it.
Historical data and growth potential:
Pepe has already shown significant price jumps in the past. For example, in 2023, after launching on the Ethereum blockchain, its price rose by more than 900% in a single day after debuting on Uniswap, and its market capitalization reached $1.6 billion in less than three weeks. In November 2024, after being listed on major exchanges like Coinbase and Robinhood, the price rose by 40% in a single day. This shows that under certain conditions (such as hype or new listings), the price can rise sharply.
Factors influencing growth:
Demand and hype: Meme coins like Pepe heavily depend on social media popularity and community interest. If Pepe becomes a trend again (for example, on X or other platforms), it could raise the price.
Exchange listings: Adding to major platforms, as was the case with Coinbase, often triggers short-term growth.
Token mechanisms: Pepe has a burning mechanism that reduces the total supply (a maximum of 420.69 trillion tokens), which theoretically can support scarcity and price growth with stable demand.
Overall market: The rise of Bitcoin or a "meme coin season" often pulls such assets along with it.
Risks and limitations:
Lack of fundamental value: Pepe has no practical utility, its value is purely speculative. This makes it vulnerable to sharp declines.
Volatility: Even with growth, the price can quickly crash, as is often the case with meme coins.
Competition: Dogecoin, Shiba Inu, and other meme coins compete for investor attention.
If judging by past predictions (for example, Bitget predicted a price of $0.00001737 by 2031.
Conclusion: Yes, the Pepe coin can raise its price, especially in conditions of hype, new listings, or positive market trends. But this comes with high risks due to its speculative nature. If you are considering investing, it is worth keeping an eye on news, community sentiment, and the overall state of the crypto market.