The cryptocurrency market faced one of its most significant drawdowns over the last year earlier this month. The low prices are an excellent opportunity for investors to heap up on their crypto holdings. Pepe (PEPE) has faced a substantial price dip over the last few months. The frog-themed memecoin hit an all-time high of $0.00002803 in December 2024. The memecoin’s price has fallen by 73.5% since its December highs.
Also Read: De-Dollarization: J.P.Morgan Predicts the US Dollar’s Future in 2025
Become A PEPE Millionaire For just $7
The popular memecoin has made some remarkable gains over this week. PEPE’s price has rallied 0.6% in the daily charts, 18.3% in the weekly charts, 1.3% in the 14-day charts, 4.2% over the previous month, and 31.3% since mid-April 2024. With the memecoin trading at $0.000007447, you can now purchase 1 million coins for as little as $7.
Also Read: CBDCs Pose Threat to Stablecoins, Not Bitcoin, Says COTI Co-Founder
Can You Become A Dollar Millionaire With 1 Million Coins?
To become a millionaire with 1 million PEPE coins, the price of each token has to hit $1. The memecoin’s price has to rally by 13,428,126.13% (13.42 million percent).
According to Changelly, PEPE could breach the $1 mark in October 2040, about 15 years from now.
The analysts at Telegaon present a more bearish outlook for the memecoin. The platform does not expect PEPE to hit $1 anytime before 2050. According to the platform’s analysis, PEPE could trade at a maximum price of $0.41 in 2050. At $0.41 per coin, your $7 investment would become $410,000.
Also Read: Did BlackRock Just Front-Run the Next Crypto Boom? Might Already Own XRP
There is also a possibility that PEPE will hit the $1 mark sooner than predicted. The asset has shown incredible resilience and growth since its launch in April 2023. If we enter a 2021-like market rally, the memecoin could breach the $1 mark before forecasted.