Simply put, the Pepe coin cannot reach $1. The token has a massive circulating supply of over 420 trillion tokens, which means that its market capitalization would be more than $420 trillion at that price point.
With the hype surrounding meme coins growing seemingly daily, many investors are wondering whether Pepe coin could explode and potentially even reach $1 or, perhaps just 1 cent, down the line. Well, the reality is that it can’t.
In this article, we will explain why that’s the case and consult our algorithmic price prediction algorithm to see what the highest price PEPE might reach in the coming months could be.
Key highlights:
- Pepe coin reaching $1 is impossible, as it would require a market cap exceeding the world’s GDP, over $420 trillion.
- Even reaching 1 cent is unfeasible for Pepe coin, needing a 468x increase and surpassing the market cap of top companies like NVIDIA.
- Market cap is a more critical metric than price per unit; many investors incorrectly assume that a “cheap” asset is more likely to gain value than an expensive asset.
- The coin’s price might spike in the short term, potentially reaching $0.000107, influenced by bullish sentiment in the crypto market.
Will Pepe coin reach $1?
No, it’s virtually impossible for PEPE to reach $1. The meme coin has a circulating supply of 420.67 trillion, which means that its market cap would be more than $420 trillion if the token would trade at $1. That’s more than the GDP of the entire world, which was $100.88 trillion as of 2022.
At the time of writing this article, Pepe coin is trading at $0.00002134. The price of PEPE would need to increase by a massive 4,685,935% to reach $1, which is not realistic to expect from an asset that already has a market capitalization of $8.8 billion.
Will Pepe coin reach 1 cent?
It’s very unlikely that Pepe will reach 1 cent either. The price would have to increase by 468x, which means that the market cap would have to stand at a whopping $3.5 trillion, which is more than the market cap of NVIDIA, the world’s largest company in terms of market value.
To make things easier to visualize, check the following table with some notable price points for PEPE and their corresponding market cap:
| PEPE Price | Market Cap | % Change From Current Price |
|---|---|---|
| $0.00002134* | $8.8 billion | 0.00% |
| $0.0001 | $42,069,000,000 | 368% |
| $0.001 | $420,690,000,000 | 4,586% |
| $0.01 | $4,206,900,000,000 | 46,760% |
| $0.1 | $42,069,000,000,000 | 468,503% |
| $1 | $420,690,000,000,000 | 4,685,935% |
*Price at the time of publication.
As you can see from the table below, PEPE reaching just $0.0001 would be highly improbable, let alone higher price milestones like 1 cent or 1 dollar. The only way PEPE could reach these price levels is if large quantities of PEPE would get burned in the future. This would reduce the token’s supply and elevate the value of a single token. If enough tokens were to get burned, then PEPE could potentially reach higher price milestones in the future.
Pepe coin price prediction 2024 & 2025
Now that we’ve demonstrated the unlikelihood of PEPE reaching $1 or 1 cent let’s move forward and check what price points PEPE could actually reach in the coming months.
According to our Pepe coin price prediction algorithm, the meme coin could see a massive spike in the short term, likely driven by the extremely bullish sentiment permeating the crypto market. In fact, the price could increase by 455% and peak at around $0.000107 in December 2024.
The forecast predicts PEPE to undergo a significant price correction after the projected $0.000107 peak, but the price would still stabilize at around $0.0000420, which would still be roughly 2x higher than PEPE’s price at the time of writing.
Please keep in mind that the algorithmic price predictions on CoinCodex are entirely based on price history and current market conditions, and don’t take any fundamental factors or news events into account.
The bottom line
Many beginner investors think that a cheap asset appreciates in value more easily than an expensive asset. They see meme coins trading at just a fraction of a cent and perceive them to gain value more easily than, say, a crypto that’s already trading at $100. However, the price of an asset doesn’t really tell you much.
Instead, you should look at market cap figures – if an asset has a market cap of $1 million, for example, it could gain 100x or even 1000x, and it still wouldn’t break the list of the 100 largest cryptos by market capitalization. On the other hand, if a project like Pepe coin – which already has a market cap of roughly $3.5 billion – would go 1000x, it would surpass the market cap of all crypto assets combined.
For additional exploration of meme coins and their potential to reach significant price milestones, consider checking the following articles:
Source: https://coincodex.com/article/38917/will-pepe-coin-reach-1/