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A token that is a picture of a frog and has a low-quality website is worth several billion dollars. Yes, you read that correctly. The token is called PEPE and has taken the crypto world by storm. The token has seen astronomical gains in recent months, but many are wondering when, or if, the fairytale run will end. Let’s take a look at what experts and the top AI algorithms are saying about where the price could go in the future.
Pepe Overview
In the early 2000s, a meme of a cartoon frog, created by Matt Furie, went viral and became known as “Pepe the Frog.”
The project is based on that meme and is a deflationary meme coin that uses Ethereum’s ERC-20 standard. The token is known for its simplicity, transparency and strong community. For example, the goals of the project are summarized in three phases:
- Phase 1: Meme
- Phase 2: Vibe and HODL
- Phase 3: Meme Takeover
The project does not waste time trying to fool investors with lofty goals and strong language. Instead, it stays true to its roots as a meme coin, keeping things simple and fun.
Will PEPE Go Up?
As with most other cryptocurrencies, PEPE’s price is a reflection of market supply and demand. The supply is capped at 420.69 trillion tokens, so the price is exclusively the result of market sentiment.
So, with this in mind, it is only possible for PEPE to go up if people continue buying it. For this to happen, the project has to remain relevant as well as support a strong community of HODLers. While the project has been able to do this so far, sustaining it is much more difficult. If the creators can continue to support their users in this way, then PEPE could go up.
Will PEPE Go Past All-Time Highs?
PEPE recently set ATHs of $0.000008585 in March 2024. This was the result of a 300% increase within the span of a few days. However, after reaching all-time highs, the token sold off quite a bit. The day after reaching ATHs, the token lost about a third of its value. This was likely the result of many holders taking profits after a huge week for the token.
While some of these investors may sell and walk away with their gains, others could be looking for the next chance to enter. For PEPE to reach new highs, sellers will likely have to re-enter and continue pushing the token to new heights. In addition, more attention brought to the token could lead to new buyers, which could also push the price to new highs.
Pepe Market Position
At the time of writing, PEPE is trading for around $0.000010, with a market cap of just over $4.2 billion and currently ranks in the top 50 cryptocurrencies by market cap. However, these numbers are constantly changing, especially in recent weeks. PEPE has been volatile, often moving 10-20%+ per day.
In terms of competitors, its main competitors are Dogecoin (DOGE) and Shiba Inu (SHIB), which are the two largest meme coins on the market.
Valdrin Tahiri’s Bullish Long-Term Price Prediction for PEPE
Tahiri holds a master’s degree in financial economics and predicts that the price of PEPE will continue to rise. He cites a handful of technical indicators, such as the RSI, Elliott Wave and different trend lines. Additionally, he assesses broader market conditions, believing that a “meme coin season” will propel PEPE higher.
Steven Walgenbach’s Bearish Long-Term Price Prediction for Pepe
Walgenbach is a long-time crypto investor and commentator for Binance. He also uses a variety of technical indicators to create a bearish case for PEPE. He analyzes the MACD, SMA and various support and resistance levels. He uses these to make the claim that seller pressure will continue to drag the price of PEPE down.
PEPE Price Prediction Table
Year | Average Price* |
2024 | $0.00000159 |
2025 | $0.0000200 |
2026 | $0.0000290 |
2027 | $0.0000410 |
2028 | $0.0000600 |
2029 | $0.0000880 |
2030 | $0.000126 |
2040 | $0.00760 |
2050 | $0.0105 |
2024 Pepe Price Prediction
Using an AI algorithm, Changelly predicts that PEPE will trade for an average price of $0.00000159 by the end of 2024 and reach a maximum price of $0.00000166.
2025 Pepe Price Prediction
In 2025, Coin Edition believes that PEPE will go beyond the $0.000012 level. Changelly is slightly less bullish, predicting a maximum price of $0.0000230.
2030 Pepe Price Prediction
In 2030, the predictions begin to diverge. Changelly sees an average price of $0.000126, while Cryptonews thinks the token price will go as high as $0.00050, approximately four times as high as Changelly’s prediction.
2050 Pepe Price Prediction
2050 also has lots of variance in terms of predictions. PricePrediction.net ran its calculations and believes that PEPE could trade at an expected average price of $0.0105 in 2050. Coin Edition predicts that PEPE could go as high as $0.0097 in 2050.
Where to Buy Pepe
Since PEPE is a relatively smaller meme coin, it is not yet available on all of the top crypto brokerages. However, it is available on Gemini and Kraken. You can also purchase through using ETH purchased through brokerages such as Coinbase and eToro and trading on decentralized exchanges (DEXs) such as Uniswap and PancakeSwap.
How Long Will It Take for PEPE to Reach ATHs?
PEPE just reached ATHs in early March 2024 and sold off sharply afterward. So, it will likely take some time if PEPE is to reverse the trend. This would require previous sellers to re-enter positions or new buyers to enter the market.
Or it could be the ATH for PEPE, and it could never come back to these levels again. This would not be surprising, considering that the project does not provide real value to investors.
Where to Store Pepe (PEPE) Safely
While it is perhaps easiest to store your crypto on a trading platform, it can be vulnerable to cyberattacks and does not allow users much discretion over their tokens. Wallets give users full control over their tokens and can be safer than holding them on an exchange.
- Hardware wallets are physical devices that store the keys needed to send crypto and are considered the safest way to store crypto.
- Software wallets store private keys online and are password-protected, which is not as safe as a hardware wallet but is still safe. MetaMask is the leading software wallet and offers compatibility with a large number of blockchains. It is also easily usable, as it is a Google Chrome extension.
Current Crypto Prices
Crypto markets have been booming in 2024. With the release of spot Bitcoin ETFs and several other upcoming catalysts in the space, sentiment is high and prices are continuing to rise. For more detail on the crypto markets, make sure to take a look at the price table below.
Is Pepe a Good Investment?
PEPE is extremely volatile and presents a risk to investors. However, despite this, the project has attracted investment from crypto enthusiasts and has become one of the most popular tokens in the world. If you can stomach the risk associated with investing in PEPE, you could access substantial rewards or losses on the other side.
Disclosure: ²Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts
Frequently Asked Questions
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Changelly predicts that PEPE will trade at an average price of $0.00002 in 2025, around 50% higher than current prices.
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10,000 PEPE is worth around $0.06
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Cryptonews predicts that PEPE 2.0 will trade for an average price of $0.00000003 by the end of 2030.
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Yes, but it is unlikely. At $1, the market cap would be $420.69 trillion, roughly 4 times the size of the S&P 500.