Pepe Coin (PEPE) Price Prediction

The project launched in April 2023, and since then, it has generated substantial momentum. It managed to produce gains of more than 1,170% for investors in the first two weeks following its launch. In this article, we will discuss the project’s price, predictions for months and years to come, different factors that determine the price of the token, and more.

Pepe Coin price chart

At the time of writing, the Pepe price is trading at just under $0.000002. Its all-time high of just over $0.000004 was hit when its listing on Binance and KuCoin was announced.

At the time of writing, PEPE sits at the 60th position on the list of largest cryptocurrencies by market cap. Its current market cap is $750 million, which is impressive for such a new coin.

The Pepe price explosion is doubly impressive given that the crypto industry currently consists of 23,789 different coins and tokens. The token has a circulating supply of 420.69 trillion PEPE tokens, and this figure also represents its total and max supply.

In the last 24 hours, the token has managed to achieve a daily trading volume of over $1 billion. The majority was traded on centralized exchanges (CEXes), with a still significiant portion being traded on decentralized exchanges (DEXes).

Where can I buy Pepe Coin in June 2023?

While Pepe token is still a very new cryptocurrency, it can already be found on a number of exchanges. These include centralized and decentralized platforms alike.

You can currently purchase PEPE on the following platforms:

• Binance
• Bybit
• KuCoin
• OKX
• Uniswap
• Huobi
• Bitget
• BitMart
• CoinEx
• MEXC
• BingX

Pepe Coin price history

Pepe coin only launched about two weeks earlier, so it doesn’t have a lengthy price history to cover. The token went live on April 17th with a price of $0.0000000578. The next day, its price started surging, and it reached a resistance level of $0.0000004000.

The resistance rejected the price, which dropped to the token’s new support at $0.0000002000 on April 21st. The following day, it started returning toward the previously mentioned resistance, although it did not reach it. Instead, it only managed to reach $0.0000003523. The price fluctuated between this level and the support at $0.0000002000 over the next several days, finally seeing another surge on April 28th.

However, this time, it managed to breach all former resistances and skyrocket all the way up to $0.000001363 on May 1st. After that, it saw a sharp drop to a support at $0.000001, from where it bounced back up, reaching $0.0000014 on May 2nd. The price dropped by the end of the same day, hitting $0.000001063, only to bounce back up to $0.0000012.

On May 3rd, it dropped once again, sinking to $0.0000008573 before recovering to $0.0000009375. As of May 5th, the price surged by over 42% in the last 24 hours alone, initially hitting $0.000002263 and then slightly correcting to $0.000002032, where it sits at the time of writing.

How is the price of Pepe determined?

Pepe coin is not backed by fiat money or commodities like most other cryptocurrencies. This means that its price is volatile and subject to sharp changes. As for what may be causing those changes, many factors exist. Some of the major ones include:

Supply and demand

Supply and demand are the main factors determining the price of any cryptocurrency. This does not only determine the price of crypto but of anything that has value. Essentially, all that matters is how much of an asset is available and how much people want to own it. If the demand for an asset goes up, and the supply remains unchanged, then the asset’s value automatically rises. The price drops if the supply increases while the demand remains the same.

Of course, the worst-case scenario is when the demand drops and the supply starts to grow. This is when the price crashes rapidly, and it usually happens during the bear market or when investors start dumping large quantities of the asset.

Volume

Volume can be a huge indicator of how much the asset is being used. Generally, higher volume means that the coin or token is trading hands, and if buyers and sellers are in relative balance, this is considered a healthy economy.

Social media

Social media mentions have a huge impact on some cryptocurrencies’ prices. In this regard, meme coins tend to be much more affected than other cryptos. For example, Ethereum has never had major price surges or drops caused by social media mentions. Meanwhile, Dogecoin, the first and oldest meme coin, has been known to skyrocket every time when Elon Musk mentioned it on his Twitter.

Since Pepe is another meme coin, it is possible that it will also experience the same impact from social media mentions. For the moment, the token is still too young to know with certainty how this might affect it.

Utility and development

Another obvious answer is utility and development. In other words, how useful a cryptocurrency is, whether it is being worked on, and if it is progressing technologically. Traditionally, meme coins tend not to have many use cases. Most of them are simply based on a meme, and what drives them is the sector’s popularity rather than any quality of the individual cryptocurrency.

However, meme coins have recently been developing plans to gain actual utility, which could also be the case for Pepe coin. For the moment, the token’s road map is vague and not very impressive. However, if its community were to work on that and come up with solid plans for the future, this could easily lead to a significant price increase.

Broader crypto market sentiment

Lastly, we have broader crypto market sentiment. Each cryptocurrency exists and operates on its own, and for itself. However, the crypto market tends to behave like some sort of a hive-mind.

If you had spent some time in the crypto industry, you may have noticed that the prices of all coins tend to drop and grow simultaneously, for the most part. Some cryptos may act on their own and distance themselves from the trends if a significant event has affected them, but for the most part, the majority of the market trades in red or green at the same time.

This happens because of the market sentiment, which makes investors act as a collective. Regardless of what cryptocurrency an individual investor is interested in, when everyone else starts buying — so do you. This is not a rule, and it is certainly not a recommendation.

However, it is what tends to happen naturally in the crypto market. The biggest reason why it happens is believed to be FOMO — the fear of missing out. Positive market sentiment indicates that the prices will go up, and individual investors don’t want to be left behind.

As such, they might decide to invest themselves, and in doing so, they help pump the prices of cryptocurrencies. This will almost certainly happen to PEPE during the next bull run, whenever it may occur.

How often does the price of Pepe token change?

Given that PEPE is a meme coin and not a stablecoin, that means that its price is not backed by any real-world or digital asset of value. It is simply controlled by supply and demand. This means that it will continue to change all the time as long as users are making sales and purchases.

Each buy and sell order will create supply and demand, and the PEPE price will keep going up and down. During strong bull or bear markets, its movement might end up being quite drastic. However, since the token is only a few weeks old, we did not have an opportunity to witness such behavior as of yet.

Investing in Pepe Coin

Pepe’s launch came just as the long crypto winter came to an end. For the moment, the crypto prices are trying to recover, which is a process that is progressing slowly, and it will take some time for the prices to go high up. However, what does this mean for the newly-launched PEPE?

Is it worth buying Pepe Token in May 2023?

Ever since its launch in mid-April, PEPE has been trying to grow. So far, it met several resistance levels that had more or less success in preventing it, but for the most part, the asset has seen considerable price surges. So far, any price drop it had seen has been after it encountered a particularly strong resistance. However, all but the latest one, achieved earlier today, May 5th, have fallen before the token.

This indicates that PEPE might continue to climb higher and higher up in days, weeks, and possibly even months to come. Further, it indicates that there is a high likelihood that the asset will perform well once the real crypto bull run arrives.

While such market behavior is expected at some point in the next two years, it is difficult to say when exactly it might happen. It is also impossible to say that PEPE will surge with certainty, which is why you shouldn’t take this as a definitive prediction.

In the end, we can only say that the token’s performance until now has been positive and encouraging until now. As for what will happen next — no one can know with certainty. As a result, we recommend that you do your own research and come to your own conclusions regarding the asset. After that, you must make the decision about whether or not to buy PEPE token.

Who should invest in Pepe coin?

PEPE is a cryptocurrency that currently does not have any real use cases apart from speculative investing and trading. As such, it can be a good opportunity for day traders or investors who believe its price will increase. The fact that it has a max supply is encouraging, as it means that its supply will not increase indefinitely, as is the case with coins like Dogecoin.

How to get started with Pepe coin investments?

Earlier, we shared a list of crypto exchanges that have PEPE listed right now, including several CEXes and DEXes. This means that there are two ways to buy it — with fiat or cryptocurrencies.

If you already hold an ERC-20 version of USDT or some ETH, you can purchase PEPE on one of the Ethereum-based DEXes, such as Uniswap. If you wish to buy with fiat currencies, then a centralized exchange is an option that you might want to consider.

In that case, you should research and determine which of the mentioned CEXes are available to you, which depends on your location. After that, compare the exchanges you can access, compare their offers, fees, security, and alike, and register on the one you find the best. After that, all you need to do is select a payment method and enter the amount of PEPE that you wish to buy.

Investing in Pepe coin responsibly

While investing in Pepe coin is easy, you should also make sure to invest responsibly. That means keeping in mind a handful of useful tips, such as:

• Not making PEPE the majority of your investment portfolio
• Doing as much research into the asset as you can before buying
• Identifying the best platform for purchasing Pepe
• Withdrawing your PEPE tokens to a private wallet once the tokens are in your possession
• Keeping an eye on what the experts are saying about the token
• Ensuring that you know why you are buying it, and that it is your own decision to do so for legitimate reasons
• Using a VPN to encrypt your traffic for extra safety

Pepe coin taxation

Profits from cryptocurrencies are subjected to taxation in most countries around the world these days, so anything you earn from trading PEPE will be, as well. This is something that crypto users should keep in mind if they seek to earn from buying and selling this token. Of course, no universal tax laws exist, so each country introduced its own crypto taxes.

With that being the case, we cannot tell you how much you might have to pay for your profits made from crypto trading. Instead, looking up your local laws before you make any move that might bring you crypto-related income is recommended.

Pepe coin vs. other cryptos

We were interested in seeing how Pepe token compares to other similar cryptocurrencies, as well as the crypto industry leaders. For example:

Pepe vs Dogecoin

Dogecoin is the oldest and largest meme coin on the market. It is a Scrypto algorithm.based token that has taken the crypto industry by storm. It was created in 2013 as a joke coin, inspired by the Doge meme, and while it wasn’t supposed to live for more than a few weeks or months, at best — it somehow survived a decade, even becoming one of the largest and most popular assets in the crypto industry.

Dogecoin doesn’t have any specific use cases, although a growing number of services accept it as a payment method. It also attracted the attention of Elon Musk, the CEO of Tesla, SpaceX, Twitter, and several other companies. Musk has been promoting DOGE for years, which likely contributed to its popularity.

Pepe vs Shiba Inu

Shiba Inu is another cryptocurrency inspired by Dogecoin, and it launched in August 2020. It was inspired by Dogecoin’s success, not unlike Pepe token itself. However, while Pepe coin uses a different meme, Shiba Inu uses the same dog meme as DOGE as your inspiration.

The token is based on the Japanese dog breed Shiba Inu and even uses the same name. It was founded by an anonymous person known only as Ryoshi, and many believe it to be a “Doge Killer,” or one of the meme coins with the greatest potential to overthrow and replace DOGE as the leading meme coin in the crypto industry.

SHIB managed to outperform DOGE once, briefly, at least as far as its market cap and rank were concerned. However, before long, DOGE reclaimed its position above Shiba Inu, and this has not changed to this day.

Pepe vs Ethereum

When it comes to Ethereum, this is a blockchain and a development platform on which Pepe coin was launched. It uses its own token, Ether, which plays a number of major roles in the Ethereum ecosystem.

You could say that Ether basically powers the entire blockchain and the majority of its products, such as smart contracts, dApps, launchpads, and alike. As such, ETH has countless use cases, while PEPE basically has none.

Ethereum is also considered the second most important crypto project that was ever launched. While Bitcoin is still the first for basically inventing the crypto industry, Ethereum made all the blockchain products used today possible.

If not for Ethereum, PEPE might not even be here, as its developers would have to create an entire blockchain and coin from scratch instead of just using Ethereum’s ERC-20 token model for a quick and easy launch.

Pepe vs Bitcoin

Finally, we have Bitcoin — the first and oldest cryptocurrency that started back in 2009. Bitcoin was created by an individual or a group known only as Satoshi Nakamoto in response to the financial crisis of 2008.

Nakamoto decided that the banks could no longer be trusted to handle their clients’ money and that the people needed a decentralized currency that ran on a decentralized system that no one would have absolute power over.

Such a system promised reduced transactions, fast international payments, and more. So far, Bitcoin has revealed a number of flaws, but for the most part, it has delivered on its promises.

Day-trading Pepe vs Long-term Pepe investments

When it comes to Pepe coin, just like any other cryptocurrency, there are two ways of profiting from it. You can either engage in day trading PEPE, or you can invest in it long-term.

Both of these methods are perfectly legitimate and commonly used. However, you must pick the one that fits you best, as an investor. For example, long-term investing means purchasing the tokens, securing them in a private wallet, and leaving them there for months or even years.

All you need to do is determine that the token is truly legitimate and ensure that you personally believe that it has a future. After that, simply buy it, lock it up in your wallet, and forget about it.

Investing requires research before the investment, but after that, you are pretty much free from having to constantly monitor the market price and the token’s performance.

This makes investing significantly easier, and someday, when its price grows and you finally decide to sell, you will, hopefully, make significant profits. All you need is to be patient and use the money that you won’t need in the foreseeable future.

On the other hand you can engage in day-trading, which is a way to profit from the asset’s price much sooner. Day traders make use of the smallest price changes to buy and sell coins and tokens and make small profits, often multiple times per day.

Over time, these small profits pile up into sizable earnings. However, day trading requires constant attention, keeping an eye on new changes and developments, and more, all in order to make sure that you would react in time and buy or sell before price movement robs you of the opportunity to earn.

This can be quite stressful, which is why this might not be a great option for everyone. Still, if you have the time to constantly monitor the market and engage whenever something happens to affect the asset’s price, trading might be a good choice.

You do need a cool head and discipline, but if you can master your emotions and learn how to read the market, charts, and make predictions, you can profit quite handsomely.

Price predictions for Pepe Coin

While Pepe coin has been growing strongly ever since its launch, and especially in early May, the fact is that, like many other meme coins, it has no use cases.

A lot of other meme coins realized that this is holding them back, as well, which is why they started planning the addition of certain use cases in due time. If Pepe coin did the same, its price could grow moving forward.

WalletInvestor, for example, estimates a Pepe price prediction of $0.00001067 by this time next year, and that it could climb up to $0.00005043 in the next five years.

Looking forward to 2024 and beyond, it is difficult to say anything with any amount of certainty. However, macroeconomic factors will likely have a strong impact on the crypto industry, PEPE included.

Apart from that, the best that PEPE could do is have its community create some sort of use case, tied to smart contracts, dApps, or even other ERC-20 tokens.

Any of this would likely strongly contribute to the asset’s price growth. If not, its growth potential would be more limited.

The best Pepe Coin alternative

While Pepe coin is very young and even brand new to the meme coin market, the fact is that it is already out in circulation. If you are among those who prefer to purchase new coins and tokens during the presale, then it is already too late to go for Pepe coin.

However, some attractive alternatives exist in the meme coin space, such as AiDoge (AI). This is a brand-new Ethereum-based meme coin project that seeks to capitalize on the rapid growth of AI technology that we have seen over the past months of 2023.

The project combines AI elements with the meme coin style and is still in the presale stage. At the time of writing, in early May 2023, the token is selling for $0.0000264 per $AI. You can purchase it in exchange for ETH, USDT (ERC-20 version), BNB, USDT (BEP-20 version), or via credit or debit card.

Update – the project has now raised $4 million, and may sell out in the coming weeks. Its listing price will be $0.0000336, so early buyers benefit from an increase in the token valuation.

Conclusion

Pepe coin is a new and interesting meme coin that only launched a few weeks back. However, it has already managed to impress with its price performance.

Depending on how it handles development, the token could continue to grow, and its price could see a significant rise. However, its roadmap currently doesn’t suggest any attempts to add new use cases, so it is all theoretical.

Even so, meme coins like DOGE and SHIB have managed to rise quite high even without particular use cases, so PEPE could do the same. In the end, anyone interested in the asset should research it on their own and draw their own conclusions about it.

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