Pepe (PEPE) continues to slump despite the crypto market showing some signs of a recovery. The frog-themed memecoin was one of the best-performing cryptocurrencies after its launch in 2023. The asset has lost substantial steam over the last few months. The coin climbed to an all-time high of $0.00002803 on Dec. 9, 2024. Its price has fallen by nearly 67% since its December peak.
When Will Pepe Hit the $0.0001 Mark?
PEPE’s price has to rally by 979.91% to hit the $0.0001 price target. While the required gains may seem substantial, it is not something the memecoin has not displayed in the past. PEPE’s price is up by more than 16,000% since its launch in April 2023. Going by historical performance numbers, there is a high chance the memecoin will display another 2023-like rally.
According to the analysts at Telegaon, PEPE could hit the $0.0001 mark sometime in 2030, about five years from now. The platform anticipates the asset to trade at a potential maximum price of $0.000175 in 2030.
Changelly analysts are far more bullish on PEPE than Telegaon. The platform anticipates the asset’s price to shoot up in January 2026, hitting a potential high of $0.000307. However, the platform may adjust this figure at a later date.
PEPE is one of the few memecoins that has survived the storm. The asset was quick to climb the charts and has maintained a big fan base. The memecoin is currently the 38th-largest crypto project by market cap. Its position has drastically fallen since its December 2024 peak.
Also Read: Has Elon Musk Invested in Pepe Coin?
PEPE may make a comeback very soon. Market sentiment will likely rise over the coming months. Retail investors are yet to fully enter the market. Memecoins could see a surge in inflows once retail money is back. The current market rally is likely due to a surge in institutional inflows.