Pepe Price Prediction 2024: PEPE Price Analysis
What's next for Pepe?
Key Takeaways
- Pepe launched its PEPE token in May 2023.
- The coin is still far from reaching $0.01.
- However, it reached a new all-time high on May 28, 2024.
- One price prediction says it may reach $0.0000273 next year.
After its launch in May 2023, Pepe’s PEPE token didn’t have a positive year in 2023, closing it far from $0.01. The memecoin didn’t kick off 2024 on a positive note, either.
However, recently, the entire memecoin sector has seen a jump in interest and value. PEPE reached an all-time high and surged to become the third largest memecoin by market cap.
After reaching a new all-time high on May 28, 2024, can PEPE continue to rise?
Pepe did not respond to a request for comment.
Let’s examine our Pepe price predictions, made on Aug. 1, 2024. We will also examine the PEPE price history and discuss what Pepe is and does.
Pepe Price Prediction
Let’s analyze some of PEPE’s price predictions CCN made on Aug. 1, 2024. It is crucial to bear in mind that price forecasts, particularly for a potentially volatile asset like cryptocurrency, often turn out to be inaccurate.
| Minimum PEPE Price Prediction | Average PEPE Price Prediction | Maximum PEPE Price Prediction | |
|---|---|---|---|
| 2024 | $0.00000933 | $0.0000203 | $0.0000233 |
| 2025 | $0.0000227 | $0.0000259 | $0.0000273 |
| 2030 | $0.0000716 | $0.0000777 | $0.0000787 |
Pepe Price Prediction for 2024
If the positive momentum continues and PEPE breaks above its moving averages, it could reach targets between $0.00000933 and $0.0000233 by the end of 2024, with the average price set at $0.0000203.
Pepe Price Prediction for 2025
Technical analysis suggests a potential increase for Pepe in 2025. The minimum PEPE price expected for 2025 is $0.0000227, while the maximum is $0.0000273. On the other hand, the average forecast suggests it may reach $0.0000259.
Pepe Price Prediction for 2030
Based on technical analysis, the PEPE token may reach a maximum level of $ 0.0000787 at the beginning of the next decade, while, in the worst scenario, it may go to $0.0000716. Meanwhile, the average expected price is $0.0000777.
Pepe Price Analysis
As of Aug. 1, 2024, PEPE is trapped within a descending price channel, indicating a persistent downtrend in the medium to long term. This bearish trajectory suggests waning investor interest and a lack of substantial buying pressure.
The recent breakdown below the crucial support level of $0.02 reinforces the negative outlook and increases the likelihood of further price declines.
Pepe’s downward momentum is expected to continue without a significant catalyst or shift in market sentiment.
Short-Term Pepe Price Prediction
PEPE price prediction indicates a potential 6% rise in the next 24 hours and a possible 228% increase by Aug. 31, 2024, reaching $0.00003614. However, current technical indicators suggest a bearish market sentiment reinforced by a neutral Fear & Greed Index.
While Pepe experienced 43% green days in the past month, the price volatility of 13.10% highlights market instability. Based on this analysis, we recommend caution and suggest avoiding buying Pepe at this time.
Pepe Relative Strength Index (RSI): Is PEPE Oversold or Undersold?
Pepe Price Performance Comparisons
How Do We Make a Pepe Price Prediction?
Our price prediction for Pepe combines technical analysis tools and recognizes the logic in price cycles. We usually use the Relative Strength Index, Fibonacci, and other technical analysis tools. Applied to Pepe’s specific timeframes and price history, we can come up with the targets, but the further we project, the less accurate they are. This is because they depend on what happens in between.
Best Days and Months to Buy Pepe
We looked at the Pepe price history and found the lowest prices on certain days, months, quarters, and even weeks in the year, suggesting the best times to buy PEPE.
| Day of the Week | Friday |
| Week | 9 |
| Month | February |
| Quarter | First |
Pepe Price History
Following that, let’s examine some of the key dates in the Pepe price history . While past performance should never be taken as an indicator of future results, knowing what the coin has done can help give us some very useful context when making or interpreting a Pepe price prediction.
| Time period | Pepe price |
|---|---|
| Last week (July 24, 2024) | $0.00001249 |
| Last month (July 1, 2024) | $0.00001143 |
| Three months ago (May 1, 2024) | $0.000006686 |
| One year ago (August 1, 2024) | $0.000001217 |
| Launch price (April 18, 2023) | $0.00000006759 |
| All-time high (May 28, 2024) | $0.0000167 |
| All-time low (April 18, 2023) | $0.00000006759 |
Pepe Market Cap
The market capitalization, or market cap, is the sum of the total number of PEPE in circulation multiplied by its price. On Aug. 1, 2024, Pepe’s market cap was $4.46 billion, making it the 23rd largest crypto by that metric.
Who Owns the Most Pepe (PEPE) Tokens?
On Aug. 1, 2024, one wallet held 22.10% of the PEPE supply.
Richest PEPE Wallet Addresses
As of Aug. 1, 2024, the five wallets with the most Pepe tokens were
- 0xf977814e90da44bfa03b6295a0616a897441acec. This wallet held 92,975,517,521,309 PEPE or 22.10% of the supply.
- 0x6cc5f688a315f3dc28a7781717a9a798a59fda7b. This wallet held 20,169,259,630,166 PEPE or 4.79% of the supply.
- 0x5a52e96bacdabb82fd05763e25335261b270efcb. This wallet held 19,717,027,779,202 PEPE or 4.69% of the supply.
- 0xf89d7b9c864f589bbf53a82105107622b35eaa40. This wallet held 17,329,103,381,385 PEPE or 4.12% of the supply.
- 0xf3b0073e3a7f747c7a38b36b805247b222c302a3. This wallet held 9,643,918,912,549 PEPE or 2.29% of the supply.
Pepe Supply and Distribution Fact Box
| Supply and distribution | Figures |
|---|---|
| Maximum supply | 420,690,000,000,000 |
| Circulating (as of Aug. 1, 2024) | 420,690,000,000,000 (100% of maximum supply) |
| Holder distribution | Top 10 holders owned 47% of supply as of Aug. 1, 2024 |
From the Whitepaper
In its technical documentation, or whitepaper , Pepe says that the team behind Pepe is focused on building various utilities on the Solana network, such as Pepescan, Solana Token-2022 Standard decentralized exchange (DEX) as well as games like “Flip a Pepe”. The native token of the project is called PEPE, a Solana SPL token that serves as the base currency.
What Is Pepe?
How Pepe Works
Is Pepe a Good Investment?
It is hard to say. The token’s price increased recently, but we don’t know how sustainable the recent upturn is. The market wonders where the price is heading after reaching a new all-time high in late May.
As always with crypto, you should do your own research before deciding whether or not to invest in PEPE.
Will Pepe go up or down?
No one can really tell right now. While the Pepe crypto price predictions are largely positive, price predictions have a well-earned reputation for being wrong. Keep in mind that prices can and do go down and up.
Should I invest in Pepe?
Before you decide whether or not to invest in Pepe, you will have to do your research, not only on PEPE but on other coins and tokens such as Shiba Inu (SHIB) or Dogecoin (DOGE). Either way, you will also need to ensure you never invest more money than you can afford to lose.
FAQs
Disclaimer
Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability, and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto user should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
