Pepe Price Prediction as PEPE Pumps Up 30% and Hits a New All-Time High – 100x Possible?
As the Pepe (PEPE) price continues to pump to new record highs, with PEPE up 30% in the past 7 days, investors are asking whether 100x gains for the meme coin might be possible.
Pepe was last trading around $0.00001350, giving it a market cap of around $5.7 billion.
100x gains would see Pepe reach a market cap of $570 billion.
Almost all crypto experts would agree that, in the short-term anyway, Pepe doesn’t stand much chance of going this high.
Ether (ETH), the cryptocurrency that powers the most widely used/adopted smart-contract-enabled blockchain Ethereum, only has a market cap of $450 billion.
While aiming for 100x gains is likely overly ambitious given Pepe’s already large market cap, its outlook remains strong.
Traders have been buying the Ethereum-issued meme coin aggressively amid growing expectations for Ethereum ETF approvals from the SEC.
BlackRock seals the deal for me
They’ve only lost ONCE when trying to get an ETF approved
The Ethereum spot ETF is coming!! pic.twitter.com/rM0AfmaXc3
— borovik (@3orovik) May 22, 2024
These traders seem to be betting on Pepe as a major beneficiary of accelerated Ethereum ecosystem growth.
Pepe’s market cap is still 4x lower than Dogecoin’s. And Dogecoin could yet 2 or 3x this bull market.
If Pepe catches up, that means it could still post 10x gains from here.
That would imply that the Pepe price has the potential to erase another zero to hit $0.00010.
Most investors would be more than happy with 10x gains. But many meme coin investors are hunting bigger upside of 50-100x.
The best way to bag these bigger gains is to get in early on a new meme coin gem.
One meme coin that the team at Cryptonews thinks fits this bill is Dogeverse.
One small step for man, one giant leap for multi-chain.
Read more on cryptonews.com
