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Pepe Value Forecast Following 30% Surge and Achievement of New Record High – Potential for 100x Growth?
As the price of Pepe (PEPE) continues to surge to unprecedented levels, with a 30% increase over the last week, investors are contemplating the possibility of achieving 100x returns for the meme coin.
Pepe was recently trading at approximately $0.00001350, which gives it a market capitalization of around $5.7 billion.
A 100x increase would elevate Pepe’s market cap to $570 billion.
Most cryptocurrency analysts would concur that, at least in the near term, Pepe is unlikely to reach such heights.
Ether (ETH), the digital currency that powers the most widely utilized smart-contract-enabled blockchain, Ethereum, has a market cap of $450 billion.
Pepe Price Forecast – What Is Its Potential?
While targeting 100x returns may be overly optimistic given Pepe’s substantial market cap, its future prospects remain promising.
Traders have been actively purchasing the Ethereum-based meme coin amid rising anticipation 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 appear to be wagering on Pepe as a significant beneficiary of the accelerated growth within the Ethereum ecosystem.
Pepe’s market cap is still four times lower than that of Dogecoin, which could potentially increase by 2 to 3 times during this bull market.
If Pepe manages to catch up, it could still achieve 10x gains from its current position.
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This would suggest that the Pepe price has the potential to eliminate another zero, reaching $0.00010.
Pepe Alternative to Explore – Multi-chain Meme Coin Dogeverse (DV)
Many investors would be more than satisfied with 10x returns. However, numerous meme coin investors are seeking larger gains of 50-100x.
The most effective strategy to secure these larger profits is to invest early in a new meme coin opportunity.
One meme coin that the Cryptonews team believes fits this description is Dogeverse.
One small step for man, one giant leap for multi-chain.
#Memecoins #Solana #Altcoins #Ethereum #Crypto #MemeCoinSeason2024 #Web3 pic.twitter.com/bbKMU5qtA4
— DogeVerse (@The_DogeVerse) May 14, 2024
Dogeverse is a new meme coin featuring distinctive cross-chain capabilities and is generating significant interest in the market.
Dogeverse aims to be the multi-chain counterpart to Dogecoin and is set to launch on the six most popular blockchains (excluding Bitcoin).
Its cross-chain bridging features further enhance its attractiveness, branding it as a “Doge with superpowers.”
Currently in presale, Dogeverse has raised over $15 million. Interested investors should act quickly ahead of the token’s official launch.
Visit Dogeverse Here
The post Pepe Price Prediction as PEPE Pumps Up 30% and Hits a New All-Time High – 100x Possible? appeared first on Cryptonews.
