The Pepe price shows signs of bottoming after entering a bear market this year. It found a strong bottom at 0.0000058 earlier in the year, significantly higher than the year-to-date low of 0.0000028. This article explores whether Pepe meme coin can reach $1 by 2030.
Can Pepe’s Price Surge to $1?
In the crypto market, history suggests that anything is possible. Since 2009, the price of Bitcoin has increased from below $1 to substantial levels today. Furthermore, the meme coin industry, despite tokens lacking intrinsic value, is valued at over $50 billion.
Therefore, a common question is whether the Pepe coin price can surge from its current value of 0.0000078 to $1 by 2030 or in the future.
Despite the possibilities within the industry, it is unlikely that Pepe will reach this level. To reach $1, Pepe’s price would need to increase by 12,800,000%, an unprecedented feat in the crypto industry.
A surge to $1 would give it a market cap of over $420 trillion. In contrast, publicly traded companies have a combined market capitalization exceeding $105 trillion. The world GDP currently stands at over $110 trillion.
If Pepe were to surge to $1, it would imply a similar performance across other cryptocurrencies due to their close market correlation. As such, the industry’s market cap would likely reach the quadrillions.
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How High Can Pepe Coin Get by 2030
Historical trends indicate that forecasting long-term cryptocurrency prices is challenging due to numerous influencing factors.
Bitcoin has consistently risen over the long term, surging from below $1 to significant highs. If history repeats itself, other altcoins like Pepe could also perform well during this period.
Bitcoin’s price is expected to be driven by several catalysts by 2030, including its role as a safe haven, decreasing supply, and increased demand. If Bitcoin soars above $250,000 by 2030, Pepe could similarly experience considerable gains.
The chart above shows that PEPE’s price bottomed at $0.0000058 earlier this month. It has formed a significant triple-bottom pattern, with the neckline at 0.000028, which was its highest level last December.
This suggests that applying the distance from the neckline at 0.000028, the coin could rise to 0.000050, reflecting a 570% increase from the current level.
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