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Created as a tribute to Pepe the Frog, a comic character by cartoonist Matt Furie which became popular in the early 2000s, $PEPE is a meme coin launched in April 2023. Similar to Shiba Inu and Dogecoin, $PEPE does not offer any utility as expected of a meme coin. It has a no-tax policy and as of October 2024, $PEPE is not tradable on Coinabse, one of the most popular centralized exchanges.
Being an ERC-20 token built on the Ethereum blockchain, the coin is backed by a vast ecosystem that features several applications, wallets, and decentralized platforms. Pepe the Frog, the inspiration behind this deflationary meme token, and besides the blockchain it is developed on, this meme is the reason behind its sudden popularity among crypto enthusiasts. This has helped the holders of this coin capitalize on it more easily than similar tokens based on not-so-popular memes.
Although $PEPE offers no real-world utility and has no intrinsic value, it can still be used to buy digital assets and services on certain online platforms and power decentralized exchanges such as PepeSwap. Next, let us get into more technical details about the token including its supply, market capitalization, and of course, price fluctuations.
$PEPE: Technical Overview and Historical Data
$PEPE is a community-driven and highly speculative token with high volatility like Dogecoin and Shiba Inu. The coin’s value is largely dependent on online market trends, social media influence, and investor sentiments. Although this volatile nature is considered a risk factor by a section of traders, at the same time, the prospect of future growth seems to attract another category of investors who believe in taking risks.
A deflationary token with a limited supply, the current circulating supply of $PEPE amounts to 420,689,899,999,994 or 420 trillion. This supply decreases over time while increasing the token’s value. While the trading volume of the token stands at $907,651,922.2381 for the last 24 hours, its present market capitalization is recorded at $3,538,021,080.
Being a highly volatile token, PEPE’s current value is 18795.71% higher than its all-time low of $0.00000001717, recorded on 2023 April 17. However, as per the latest data, its price is 39.30% lower than the highest amount it was sold on, which is $0.00001718 recorded on 27 May 2024.
Pepe Coin Price Prediction 2024-30
$PEPE can be purchased and sold on centralized exchanges such as Binance, which is also the most popular and active platform when it comes to the token’s trading. Bybit and Gate.io are two other options for the platforms where you can trade $PEPE. At the moment, $PEPE is being traded at $0.0000104 on these platforms which is a 2.82% drop from yesterday’s (15 October 2024) recorded price.
PEPE Price Prediction 2024
As mentioned earlier, the highest traded value of $PEPE was recorded at $0.00001718 this year in May. However, considering the market conditions, it could fluctuate between $0.0000104 and $0.0000295 where it would touch the maximum value in December.
PEPE Price Prediction 2025
The expected average value of $PEPE for the year 2025 stands at $0.0000506, whereas the minimum value is forecasted at $0.00000596 in January. If the influencing factors are favorable, the token could be valued at a maximum of $0.0000340 as the year ends.
PEPE Price Prediction 2026
Based on predictions made, the price range of PEPE tokens will probably stay between $0.000321 and $0.00251 in 2026. This indicates exponential growth from the expected price range of 2025, pointing toward the possibility of a future market favoring the coin.
PEPE Price Prediction 2027
The forecasts for 2027 suggest the token achieving more stability with an average expected value of $0.00493 for the year, after the sudden surge in price in the previous year. The maximum expected value of $PEPE stands at $0.00670 while the minimum value could be around $0.00395 in January.
PEPE Price Prediction 2028
Considering all the factors influencing the price movements of $PEPE, it could touch its peak value of $0.00960 for 2028 in December. On the other hand, its minimum value is expected to be recorded at $0.00582 in January.
PEPE Price Prediction 2029
Historical data suggests that the PEPE coin price might reach $0.01 by the end of the year 2029. The token’s maximum value for the year is forecasted at $0.0143 in December 2028 whereas the minimum value is expected to be around $0.00850 in January 2028.
PEPE Price Prediction 2030
In 2030, the price variations of $PEPE are expected to remain between $0.0123 and $0.0207. These minimum and maximum expected limits of the coin suggest a constant but stable growth in the value of the coin with the market trends favoring it.
Explore More: Tokenomics In Crypto: What Is It And How Important Is It?
Conclusion
As per the data gathered and predictions made, the token shows enough promise in the coming years with its value touching $0.01 by the end of 2029. If the influential factors stay the same, it might even reach $1 within over a decade or less, says the experts. However, as a meme coin with great volatility and speculation, it poses an equal amount of risk as well.
Investing in the token, although might be greatly beneficial, also demands caution due to these risk factors. If you know how to take advantage of changing internet trends and market sentiment, considering everything, PEPE might be a good addition to your portfolio.
