Cryptocurrencies are known for their wild price swings, and PEPE Coin is no exception. With its meme-inspired roots and growing popularity, many are wondering if it could achieve a massive 100x growth in just 30 days.
Recent Movement of PEPE Price
As of the time of writing, PEPE Coin is priced at $0.00001795, with a 24-hour trading volume of $2.47 billion, a market cap of $7.55 billion, and a market dominance of 0.23%. Over the past 24 hours, its price has risen by 1.19%. The coin reached its all-time high of $0.00002830 on December 9, 2024, while its lowest recorded price was $0.0₁₀1057 on April 14, 2023. Since reaching its peak, the lowest point Pepe Coin traded at was $0.00001443, and its highest price since then has been $0.00001975. Despite recent movements, the price sentiment for Pepe Coin remains bearish, with the Fear & Greed Index indicating a score of 70, reflecting a state of greed in the market.
Chances of 100x Growth for PEPE
The question of whether PEPE Coin can 100x in the next 30 days hinges on several critical factors, including whale accumulation, market sentiment, and overall market conditions. Recent activity indicates that whales are heavily investing in PEPE, withdrawing significant amounts from exchanges and reducing circulating supply. Over the past 20 days, a whale withdrew 337.09 billion PEPE tokens, valued at $6.92 million, signaling strong confidence in the token's future. However, achieving a 100x growth in just 30 days would require its market cap to skyrocket to an astronomical $900 billion, surpassing even Bitcoin’s and Ethereum’s market caps combined. This would necessitate extraordinary factors such as a viral adoption wave, unprecedented retail FOMO or integration into major platforms.
Factors Influencing PEPE Price
This concentrated whale activity creates a supply squeeze, making PEPE more likely to experience short-term price surges. The Binance.US listing has also reignited enthusiasm for the token, attracting new investors and boosting trading volume. The growing enthusiasm and strategic purchasing of the coin fuel expectations that PEPE could see significant growth in the near future.
While a 100x surge within 30 days appears highly improbable due to market cap constraints and regulatory scrutiny, significant short-term gains are still possible. Continued whale accumulation and reduced exchange supply could sustain upward momentum, especially if paired with broader market optimism or new listings on major platforms.
