Could the PEPE token inspired by the ‘Pepe the Frog’ meme become a millionaire maker during the next bull rally?
Despite market skepticism, PEPE’s chances of survival are high due to its impressive community and steady trading volume.
To become a millionaire at the highest level in PEPE history, one would need to purchase 232,019,487,536 PEPEs, worth approximately $182,396.
The creators of the PEPE token drew inspiration from the famous "Pepe the Frog" meme. Like other meme cryptocurrencies, it has no fundamental value and will only increase in value due to the interest of community members. So, can investors become millionaires by investing in PEPE?
In a short period of time, the asset became one of the most discussed memecoins, generating huge profits for early investors. PEPE is currently trading 81.73% below its all-time high set on May 5, 2023.
PEPE Accumulation During Bear Market?
Large market crashes often cause newcomers to panic and rush to sell assets.
However, experienced traders see these events as opportunities to form a solid medium- to long-term portfolio and buy the cryptocurrencies they are interested in at a discount.
We find out how much you need to invest in PEPE now to become a millionaire during the next bull market rally.
A brief history of PEPE
The PEPE token is inspired by the famous "Pepe the Frog" meme, which first appeared in Matt Fury's "Boys Club" comic in 2005 and later became a symbol of support for former US President Donald Trump. According to the project's official website, the total supply of PEPE is 420,690,000,000,00,000 tokens. The asset ranks 108th among the most capitalized cryptocurrencies with a market value of $312.1 million.
Despite skepticism from some market participants, PEPE’s chances of survival are fairly high: the token supports an impressive community, and trading volumes on major cryptocurrency exchanges remain fairly stable.
If the meme cryptocurrency attracts the attention of investors, it could join the ranks of a handful of meme tokens that have established a firm foothold in the cryptocurrency space.
How many PEPE tokens do you need to buy to become a millionaire?
To calculate how much PEPE you need to buy to become a millionaire when the price returns to its all-time high of $0.00000431, you can use the following formula:
PEPE quantity = target quantity / expected future price,
in :
Target amount: $1 million
The expected future price is an all-time high of $0.00000431.
So, to see $1 million in your account, you would have to buy 232,019,487,536 PEPE. At the current price of $0.000000788334, these tokens are worth about $182,396.
Note that investors should keep in mind that cryptocurrency markets can be extremely volatile and susceptible to "black swan" events. The above calculations are based only on current data and assumptions.
Always remember to follow risk and money management, and only trade with money you can afford to lose.
