While the meme coin is filled with cats and dogs, a new frog called Pepe Coin has set the trend. Pepe Coin is the latest meme coin in the cryptocurrency realm.
Pepe Coin generated remarkable profits for early investors who bought the token within 30 minutes of its launch, resulting in a substantial increase in their wealth. As previously reported, an individual investor exchanged 0.125 ETH valued at $251 to acquire 5.9 trillion PEPE.
With PEPE rising by 108.6% in the last 24 hours, let us analyze how the coin is set to spike over the next seven years.
Can Pepe Coin reach the 1 cent dream?
Pepe Coin has come a long way in a short span of time. The meme coin has risen by 2680% since its inception, giving investors an unavailable ROI in a short time. The meme coin has risen from an all-time low of $0.00000002764 to a high of $0.0000008143 before falling to its current price.
PEPE is trading at $0.0000008063 at press time, according to CoinMarketCap data. It is also up by 158% in the last seven days. For the 1-cent dream to become a reality, the coin should spike by 45k times.
If such a scenario happens, the market cap of PEPE could reach $4012 billion. However, such a scenario is unusual. The likelihood of such an event happening for a newborn meme coin is highly unlikely.
According to Crowd Wisdom, the price of the meme coin is expected to reach $0.000000698 in 2023. Correspondingly, Crowd Wisdom expects the price to reach $0.00000110 in 2025, and $0.00000370 in 2030.