Home / Price Predictions / Pepe Price Prediction 2024: PEPE Reaches New All-time High, Now What?

Pepe Price Prediction 2024: PEPE Reaches New All-time High, Now What?

Last Updated May 28, 2024 9:01 AM
Giuseppe Ciccomascolo
Last Updated May 28, 2024 9:01 AM

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 27, 2024.
  • One price prediction says it may reach $0.0000227 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. Also, 2024 didn’t start well for the memecoin.

But, most 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 biggest memecoin.

After reaching a new all-time high on May 27, 2024, will PEPE continue to rise?

Pepe did not respond to a request for comment

But what is Pepe (PEPE)? How does Pepe work? Let’s see what we can find out, and also take a look at some of the Pepe price predictions that were being made as of May 28, 2024.

Pepe Price Prediction

Let’s examine some of the Pepe price predictions being made on May 28, 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. Additionally, please remember that many long-term crypto price predictions are generated using algorithms, which means they can change at any time.

2024 2025 2030
Prediction #1 $0.0000353 $0.0000415 $0.000119
Prediction #2 $0.0025 $0.0039 $0.0282
Prediction #3 $0.0000337 $0.0000130 $0.0000780

First, CoinCodex  had a short-term Pepe price prediction that saw the coin reach $0.00002109 by June 2 before increasing to $0.00005341 by June 27. The site’s technical analysis was bullish, with 25 indicators sending encouraging signals and four making bearish ones.

Pepe Price Prediction for 2024

DigitalCoinPrice  said that Pepe would reach $0.0000353 this year. PricePrediction.net   thought the token would trade at $0.0025. Changelly  argued PEPE would be valued at $0.0000337 in 2024.

Pepe Price Prediction for 2025

Moving on, Changelly thought Pepe would trade at $0.0000130 in 2025. DigitalCoinPrice had the token coming in at $0.0000415 that year. PricePrediction.net said PEPE would be worth $0.0039 next year.

Pepe Price Prediction for 2030

Looking at a more long-term Pepe price prediction, PricePrediction.net said the token would hit $0.0282 in 2030. Changelly suggested it would reach $0.0000780 that year. DigitalCoinPrice made a PEPE price prediction that had it trade at $0.000119 at the start of the next decade.

Google Gemini Price Prediction for Pepe (as of May 28)

Google’s Gemini platform gave the following price prediction for Pepe on May 28. Please remember that the exact price prediction of an asset or cryptocurrency in the future is nearly impossible to achieve. Additionally, artificial intelligence price predictions are predicated on past performances and are in no way entirely accurate.

Short Term (Next Three Months):

  • Expected Price: $0.00002670

Factors to consider:

  • Market Volatility: The cryptocurrency market is inherently volatile, and PEPE’s price could fluctuate significantly within the next 3 months.
  • News and Events: Positive news or developments surrounding Pepe could drive the price up, while negative events could cause a decline.
  • Overall Market Trends: The broader cryptocurrency market sentiment can also impact PEPE’s price.

Medium Term (Next Six Months):

  • Expected Price: $0.000028

Factors to consider:

  • Market sentiment: Many sources indicate a bullish sentiment surrounding PEPE, but this can change quickly.
  • Overall crypto market trends: The entire crypto market can significantly impact PEPE’s price.
  • News and developments: Any news or developments related to PEPE can cause price fluctuations.

Long Term (Next Five Years):

  • Expected Price: $0.000011

Factors to consider:

  • Market Volatility: The cryptocurrency market is highly volatile, and Pepe’s price could fluctuate significantly.
  • Meme Coin: Pepe falls under the category of meme coins, known for their dependence on community and viral trends.
  • Uncertainties: Future regulations, technological advancements, and overall cryptocurrency adoption can significantly impact the price.

Important to Remember:

  • These are just predictions, and the actual price could be much higher or lower.
  • The cryptocurrency market is inherently volatile, and PEPE’s price can fluctuate significantly.
  • Do your own research before investing in any cryptocurrency.

Additional Factors to Consider:

  • Team and Development: A strong team actively working on the project can boost confidence and utility for PEPE.
  • Regulations: Government regulations on cryptocurrencies could impact PEPE’s usability and value.
  • Competition: The emergence of other meme coins or similar projects could affect PEPE’s market share.

Recent Updates from Pepe

Pepe launched  a collection mint challenge, now open for the top 500 PEPE holders, excluding exchanges.

PEPE Price History

Now, let’s examine the Pepe price history . While we should never take past performance as an indicator of future results, knowing what the token has achieved can provide us with some very useful context if we want to make or interpret a Pepe price prediction.

PEPE price history
PEPE price in 2023 and 2024. | Credit: CoinMarketCap

PEPE first came onto the open market in May 2023, when it was worth $0.000001514. It then increased, reaching its highest level since then of $0.000008117 in July, before retracing to its lowest level of $0.0000006105 after a few days. The coin then closed 2023 at $0.000001335 and had a negative trend in early 2024, hitting $0.000001237 on February 15, 2024.

Thanks to the recent spike in interest and value of the entire memecoin sector, PEPE hit a new record high of $0.000009977 on March 15. But the coin kept climbing, setting a new all-time high at $0.00001698 on May 27, 2024. The following day, it was worth $0.00001616.

As of May 28, 2024, there were 420.69 trillion PEPE in circulation, representing the total supply. This gave Pepe a market cap of about $6.8 billion, making it the 19th largest crypto by that metric.

Pepe Historical Price Data

Period Pepe Price
May 28, 2024 $0.00001616
May 21, 2024 $0.00001096
April 28, 2024 $0.000007623
February 28, 2024 $0.000001808
May 28, 2023 $0.000001436
Launch price (April 18, 2023) $0.0000000658
All-time high (May 27, 2024) $0.00001698
All-time low (April 18, 2023) $0.0000000658

Pepe Price Analysis

Pepe Price Analysis
PEPE hit an all-time high recently, and it could move even higher | Credit: Nikola Lazic/TradingView

Since it came out last year, PEPE shot up, rising 1,115 from $0.0000027 to a high of $0.00001 by March 15, marking an impressive 1,115% increase. This uptrend started on February 5 from a lower value of $0.0000008.

Following a decline to $0.000004 on April 13, the price rebounded, although it remained within a descending trendline. On April 22, it broke out of this pattern and climbed to a new all-time high of nearly $0.000017 on May 27.

This is the final phase of the larger five-wave impulse that started in October2023, with potential for further upward movement. The next target is around $0.00002, representing another 70% increase from current levels.

Is Pepe a Good Investment?

It is hard to say. The token’s price moved up 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 will need to make sure you 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, too, that prices can, and do, go down as well as up.

Should I invest in Pepe?

Before you decide whether or not to invest in Pepe, you will have to do your own 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 make sure that you never invest more money than you can afford to lose.

Who is the Founder of Pepe?

Much like many other crypto projects, the face behind Pepe coin was anonymous until the founder of NotLarvaLabs revealed their identity as “Zachary Testa” on X.

Who Owns the Most Pepe (PEPE) Tokens?

On May 28, 2024, one wallet held 22.10% of PEPE’ supply.

Richest PEPE Wallet Addresses

As of May 28, 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 19,199,438,571,948 PEPE, or 4.56% of the supply.
  • 0x5a52e96bacdabb82fd05763e25335261b270efcb. This wallet held 18,451,889,492,570 PEPE, or 4.39% of the supply.
  • 0xf89d7b9c864f589bbf53a82105107622b35eaa40. This wallet held 14,977,023,404,056 PEPE, or 3.56% of the supply.
  • 0xf3b0073e3a7f747c7a38b36b805247b222c302a3. This wallet held 9,730,674,716,939 PEPE, or 2.31% of the supply.

Fact Box

Supply and distribution Figures
Maximum supply 420,690,000,000,000
Total (as of May 28, 2024) 420,690,000,000,000 (100% of maximum supply)
Holder distribution Top 10 holders owned 47% of supply, as of May 28, 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.

The project’s primary goal is to create a community of like-minded individuals who are excited about the Solana network and enjoy using it in a fun and engaging way.

Pepe (PEPE) Explained

Pepe is a cryptocurrency that aims to bring humor and meme culture into the world of crypto, designed with a deflationary mechanism to create scarcity and increase the value of tokens. It is for entertainment purposes only and carries no intrinsic value or expectation of financial return.

How Pepe Works

Pepe is a memecoin, so it does not have any real-world utility. However, it can be used to purchase goods and services on a number of online marketplaces.

Pepe Attention Tracker

Pepe Google search volume
Pepe Google search volume. | Credit: Google
Here is a chart for the Pepe Google search volume for the past 90 days. This represents how many times the term “Pepe PEPE” has been Googled over the previous 90 days.

FAQs

How many Pepe are there?

As of May 28, 2024, there were 420.69 trillion PEPE in circulation, representing the total supply.

Will Pepe reach $0.01?

It looks highly unlikely to happen at any time soon but PricePrediction.net suggests PEPE could break past the cent by 2050.

What is Pepe?

PEPE for entertainment purposes only and carries no intrinsic value or expectation of financial return. It can be bought, sold, and traded on exchanges.

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 users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.