A new memecoin Pepe, inspired by the internet meme Pepe the Frog, took the world of crypto by storm, turning early investors into millionaires. At the time of writing, PEPE became the sixth-largest meme coin asset in terms of market capitalization, aiming to replicate the success of OG meme tokens.
For context, memecoins are a type of cryptocurrency that is based on popular internet memes or cultural references. These coins often have no real utility or practical application beyond serving as a form of digital currency. While some memecoins — namely, Dogecoin and Shiba Inu — have gained a significant following and value, others have been criticized for their lack of substance and potential for volatility.
However, their volatility and unpredictable price fluctuations provide a great but risky opportunity to earn 100X on the initial investment, that’s why memecoins are cherished by a subset of crypto traders — commonly known as degenerates — who hop on every new hype project in hopes that the asset will “moon” one day.
The real question is, should you tap into memecoins by investing in Pepe? Continue below to read our comprehensive overview and price prediction for Pepe!
Read also: Meet XEN Crypto — a new hype project that turned ETH deflationary
What is Pepe?
A new token named after Pepe the Frog, which is inspired by a cartoon character and Internet meme created by cartoonist Matt Furie, launched with a bang on April 17 and aims to dethrone established dog-themed meme coins like DOGE and SHIB. “The dogs have had their day, it’s time for Pepe to take reign,” the project’s website reads. “Pepe is here to make memecoins great again. Launched stealth with no presale, zero taxes, LP burnt and contract renounced, $PEPE is a coin for the people, forever,” the description reads. As cool as it may sound, the investors are nevertheless advised to do their research — according to the CoinMarketCap page for the token, its contract owner may have the authority to modify the transaction tax and deploy the blacklist function. The roadmap for the project, divided into three phases, promises, among other things, token-gated Discord group, CEX listings, digital newsletter, merch, and Pepe Academy.
Pepe (PEPE) price
Currently, Pepe Price is USD. PEPE has a circulating supply of coins and a total supply of . If you are looking to buy or sell Pepe, Uniswap is currently the most active exchange.
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Pepe price prediction 2023
The future of the PEPE coin really depends on whether it will manage to pique the investors' interest for a longer time, and that is impossible without some degree of utility. Memes are good and fun, but there are dozens of meme tokens launched every day, and most fall into oblivion within weeks. The two most popular memecoins, Dogecoin (DOGE) and Shiba Inu (SHIB), only managed to keep their spot due to numerous payment integrations with retailers, support from Elon Musk (DOGE), and burn mechanisms (SHIB).
Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish Pepe 2023 price predictions due to multiple unknown factors. For this reason, we estimate that the bullish scenario will see Pepe price at $0.00000083 to $0.00000123. On the flip side, a fading interest in the new meme coin may push the price of Pepe to $0.000000054-$0.000000028 lows.
Pepe price prediction 2024
Again, whether the price of Pepe (PEPE) will go up or down, primarily depends on whether the developers of the memecoin will come up with some worthy use cases to keep investors interested.
Keeping this in mind, we foresee the price of Pepe to climb as high as $0.0000019, with the more distant prospect of reaching $0.0000024 in 2024. The bearish scenario is likely to see Pepe (PEPE) trading between $0.00000091 and $0.00000074 in 2024.
Pepe price prediction 2025
Since it’s practically impossible to foresee what market factors will influence cryptocurrency prices in 2025, this part of our Pepe (PEPE) price analysis and prediction is based on pure speculation and observation of Pepe historical price movements.
Our Pepe 2025 price forecast expects PEPE to rally towards $0.0000037 and reach $0.0000049 by the end of the year. The bearish scenario would see Pepe at $0.00000098 to $0.00000074.
Pepe (PEPE) price prediction 2026
Looking ahead four years, to 2026, Coinpaper's price prediction for Pepe is neutral. In 2026, we expect Pepe to reach at least $0.0000069 before climbing higher to $0.0000081. In case of a bearish scenario, Pepe may fall to $0.0000023.
Is Pepe (PEPE) a good investment?
For now, it's unclear whether the frog-themed memecoin will be able to repeat the success of its dog rivals. Also, the token contract is sus and some experts warn that the project may be just another pump-and-dump scheme.
Bottom line
Are you ready to invest in Pepe? The chance to be early and make 100x from the new hype memecoin seems enticing, but remember that past performance is no guarantee of future results, so make sure you do your own research and carefully assess all risks involved. And keep in mind that putting your money into memecoins will always be more of gambling than investing, so the rule of thumb there would be to only put in PEPE the sum you can afford to lose.
You can buy PEPE from many crypto exchanges, including Uniswap
Disclaimer: Coinpaper does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own research and consult your financial advisor before investing in any digital asset.
FAQs
Who created Pepe?
The founders of the Pepe coin remain anonymous.
What was the all-time high for Pepe (PEPE) ?
The all-time high price of Pepe is $ on 2023-04-20
