There's an interesting phenomenon in the crypto market: meme coins. These are crypto-assets whose creators try to make them popular by taking advantage of the popularity of an Internet meme. The first prominent meme coin was Dogecoin exploiting a meme of a Shiba Inu dog. The success of Dogecoin spawned many copycats, with many others being used to create popular meme coins. In this article, we'll explore the meme cryptocurrency Pepe, its fundamentals, and its price predictions, we'll and try to answer the question, "Will Pepe coin go up?".

What is Pepe (PEPE)?

Pepe (PEPE) is a meme coin named after the famous meme character Pepe the Frog, which was created by Matt Furie.

PEPE is a meme coin with no intrinsic value or expectation of financial return. There is no formal team or roadmap. The coin is completely useless and for entertainment purposes only. – PEPE's creators.

The history of Pepe

The Pepe coin was launched in April 2023 and made it to the top 100 of the largest cryptocurrencies in just a couple of weeks.

The project is based on the Pepe the Frog meme character, created by Matt Furie in 2005. The creator of the character has nothing to do with the Pepe coin. The project has no official development team, and the coin's creators remain anonymous.

Shortly after the launch of PEPE, the discussion of the coin was fuelled by influencers on Twitter and in crypto channels on Telegram and Discord. As a result, the token's price rose rapidly. The memecoin's market cap exceeded $1 billion in less than three weeks.

Initially, the token was only traded on the Uniswap decentralised exchange (DEX). However, it was quickly listed by many centralised crypto exchanges (CEXs).

Pepe's features

Pepe (PEPE) is an ERC-20 standard token on the Ethereum blockchain. Like many meme tokens, Pepe has no specific special idea or technology that could set this project apart from others.

The project's creators are trying to position it as a "people's cryptocurrency" without pre-mine, an ICO, token sales, airdrops and the creators' exclusive right to the token's initial smart contract. The tokenomics of Pepe is pretty simple:

• 93.1% of the tokens were sent to the liquidity pool, LP tokens were burned, and the smart contract was sent to a null address
• 6.9% of tokens are held in the pepecexwallet.eth multi-signature wallet for centralised exchanges listings.

Also, one of the distinctive features of the token is the lack of transaction taxes.

The project has a rather unpretentious roadmap of three phases. It doesn't offer anything new. The developers promise partnerships with other platforms, listings on CEXs, merch, academy, etc.

Pepe (PEPE) price analysis

As of 10 August 2023, the PEPE token ranked 75th among cryptocurrencies by market capitalisation at $483,569,529.

PEPE price statistics (as of 10/08/23)

PEPE's price history

PEPE's price history is less than 4 months long. After a sharp rise in the token's price in the first days after its launch, the price moved sideways in a fairly wide range until the end of April. Then the strong growth resumed, and the price reached its all-time high on 5 May 2023.

After that, the price started to fall until the middle of June. The short period of growth that followed lasted a little more than a week. Then the price started to move sideways.

On 24 July 2023, the price broke a strong support level and declined, reaching a local low on 7 August.

PEPE/USDT price chart

PEPE technical analysis

On 8 August 2023, the PEPE's price broke the downtrend line. On the 4-hour chart, the Moving Averages and MACD indicate a bullish sentiment. However, on the daily timeframe, the Moving Averages still indicate bearish sentiment.

The nearest support levels are $0.000001190 and $0.000001055. The nearest resistance levels are $0.000001450 and $0.000001900.

Pepe (PEPE) price prediction 2023

Despite the rather severe drop in the token's price, interest in it hasn't dried up. The token's prospects in H2 will largely depend on the general state of the crypto market. If the bullish trend continues, PEPE may also get its share of attention from traders and investors.

Trade Pepe NOW

Pepe (PEPE) coin price prediction for 2023, 2025, 2030 and 2040

As a newcomer in the crypto market, PEPE showed tremendous growth in a very short time. It's not surprising that forecasting services paid attention to it. We have compiled predictions made by some of the most popular ones.

Wallet Investor's PEPE price prediction for 2023, 2025, 2030 and 2040

Wallet Investor expects the PEPE's price to rise markedly in the coming years. According to them, the price will reach $0.00000248 at the end of 2023, $0.00000883 at the end of 2025 and $0.00001540 at the end of 2027.

CryptoNewsZ's PEPE price prediction for 2023, 2025, 2030 and 2040

CryptoNewsZ also predicts the price will increase. They believe it'll be in the range of $0.0000026 - $0.0000032 in 2024, in the range of $0.0000035 - $0.0000046 in 2025 and in the range of $0.0000100 - $0.0000130 in 2030.

DigitalCoinPrice's PEPE price prediction for 2023, 2025, 2030 and 2040

According to DigitalCoinPrice's estimates, the token will be worth $0.00000264 at the end of 2023, $0.00000282 at the end of 2024, $0.00000429 at the end of 2025 and $0.00001260 at the end of 2030.

Price Prediction's PEPE price prediction for 2023, 2025, 2030 and 2040

Price Prediction also forecasts a significant rise in the token's price. According to their calculations, the average price will be $0.00000141 in 2023, $0.00000204 in 2024, $0.00000302 in 2025, and $0.00001991 in 2030.

CryptoPredictions'PEPE price prediction for 2023, 2025, 2030 and 2040

The forecast made by CryptoPredictions is similar to those above. They believe the average price will grow to $0.00000152 by the end of 2023, $0.00000210 by the end of 2024, $0.00000273 by the end of 2025 and $0.00000349 by the end of 2027.

Register Now

Pepe (PEPE) overall future value predictions

Is Pepe coin a good investment?

Does the Pepe crypto have a future? It's unlikely, although not impossible. Even though the token has the support of an active community, it may not be enough. As evidenced in the case of meme coins, the ones that stay afloat are those that either have the support of very influential persons, such as Dogecoin, or whose developers are actively working on the ecosystem, such as Shiba Inu. Pepe has neither of these yet. Moreover, the creators of Pepe crypto explicitly warn that their coin is completely useless, doesn't guarantee a return on financial investment and was created for entertainment purposes only.

How high can the PEPE coin go?

During the nearest bull run, there's a chance that PEPE's price will reach $0.0000023. However, exceeding the all-time high is unlikely.

Pepe (PEPE) price prediction today

At the moment, the local growth of the price is more likely to continue. In this case, the nearest target is $0.00000132.

Register Now