Pepe Price Analysis: A Meme Coin With Potential or a Risky Bet?
Release: 2023/12/17 05:24 Reading: 219
- 1 The PEPE token price gained 2.19% in the past 24 hours and was at $0.00000144 at the time of writing.
- 2 The technical indicators imply a bullish outlook above the 50-day and 200-day EMAs.
Pepe (PEPE) is a meme coin that is inspired by Pepe the Frog, a famous and controversial internet character. It is an ERC-20 token that runs on the Ethereum blockchain. It uses Proof-of-Stake (PoS) mechanism to secure the network.
PEPE rewards its holders with a redistribution system that gives them more coins over time, and also burns some coins periodically to reduce the supply and increase the value.
Most of the coins are locked in a liquidity pool on Uniswap, while some are reserved for future listings and bridges. It is a simple and fun memecoin that does not charge any taxes or claim any utility.
Pepe Price Technical Analysis
The technical analysis of Pepe crypto showcases the price in an inclining trajectory. The bulls are dominating the trend and the price is headed higher forming higher lows.
Moreover, A bullish crossover of the EMAs is visible on the charts which signifies the continuation of the bullish rally. The EMAs may act as a dynamic support and the price may surge after retest.
The volume analysis shows that PEPE had a 24-hour trading volume of $111.2 Million with a drop of 21.30% as compared to yesterday. The live market cap of PEPE is $603.77 Million and it ranks 93rd among all cryptos. The volume-to-market cap ratio is 17.76% indicating mild volatility in the market.
Pepe Price Prediction 2023
The most optimistic price prediction of the analysts expects the PEPE token price to reach a high of $0.00000175, signifying an upside potential of 21.61% from the CMP. The minimum price that PEPE crypto could drop is $0.00000100.
Pepe Price Prediction 2024
As per analysts, the most optimistic target that the PEPE may achieve by 2024 is $0.00000281, indicating an upside potential of 94.72% from the CMP. The average analyst price target is $0.00000243 by the end of 2024. However, the pessimistic ones pegged the target at $0.00000196.
Pepe Price Prediction 2025
The most optimistic analyst forecast for Pepe crypto expects the price to reach a high of $0.00000448 with a potential gain of 206.6% from the CMP. The minimum forecasted price by the end of 2025 is $0.00000314.
Pepe Price Prediction 2026
The PEPE coin price may reach a high of $0.00000684 if a positive trend prevails for the crypto market. On the flip side, the most pessimistic view of the analysts expects the price to reach $0.00000442 by 2026.
Pepe Price Prediction 2027
As per analysts, the most optimistic price up to which it may reach is $0.00000807. The minimum price target that PEPE coin may achieve is $0.00000644.
Pepe Price Prediction 2028
The most optimistic price prediction of the analysts is $0.0000126 over the next five years. The pessimistic view of analysts pegs the target at $0.00000934 by the end of year 2028.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
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