Pepe (PEPE) made waves when it launched in April 2023. The asset has rallied by many thousand percent since its debut 11 months ago. The popular frog-themed crypto has hit a new all-time high of $0.00001031 today, rallying 16.8% in the daily charts, 48.9% in the weekly charts, 211.3% in the 14-day charts, and more than 826% over the previous month.
Also Read: Pepe, BONK, and WIF are the Latest Meme Coins to Join the $1B Club.
The memecoin’s rally is likely due to Bitcoin (BTC) hitting a new all-time high. Memecoins, in particular, are witnessing a significant price surge over the last few weeks. BTC’s rally may have trickled into other altcoins.
Can Pepe hit $0.0001 next?
According to CoinCodex, Pepe will continue its bullish trajectory through the next few weeks. The platform anticipates the memecoin to hit $0.00001711 by the end of this month, a rise of about 68.7% from current levels. Moreover, CoinCodex predicts the asset will continue rallying in April, hitting $0.00003100 on Apr. 10, 2024. Reaching $0.00003100 from current levels would translate to a growth of about 205%.
Also Read: WIF, FLOKI, and PEPE Lead the Meme Coin Surge in a Crypto Standoff
Changelly also paints a bullish picture for Pepe, predicting a price of $0.00001711 by the end of March. Moreover, Changelly anticipates the asset to hit $0.00003010 by Apr. 11, 2024. However, Changelly does not expect the coin to hit $0.0001 anytime soon. According to the platform, Pepe could breach the $0.0001 mark sometime in March 2030, six years from now.
Telegaon also does not expect Pepe to hit the $0.0001 mark anytime soon. According to Telegaon, the frog-themed crypto could hit the $0.0001 target in 2030, reaching a maximum price of $0.000175 for the year.
Nonetheless, there is a possibility that Pepe will face a correction, given that the project does not have a lot of utility. The current price surge is likely due to other market factors, such as BTC’s rally and positive investor sentiment.