Will PEPE burn another zero?
The answer is: Yes
How is this done?
Here is my analysis…
According to my analysis, the pepe team has already started the work to lead it to burn another zero.
Currently, the price of pepe is between 0.000007 and 0.00000815, while Bitcoin (BTC) is between 64,000 and 66,000. When Bitcoin jumps to 67,000 to 69,000, the price of pepe will rise to 0.00000850 to 0.00000950. And when Bitcoin hits 70,000 to 72,000, pepe will burn its first zero.
Will PEPE continue SHIB's success and become the thousand-fold myth of this round?
PEPE coin price and token economy
PEPE coin officially entered the cryptocurrency market on April 17, 2023, with an opening price of approximately $0.00000006036401729083. As news about this emerging cryptocurrency project spread on social media, trading volume gradually increased.
As of May 5, 2023, PEPE coin reached its current all-time high, with the price soaring to $0.000004213, an astonishing 6,879% increase from the initial listing price.
The total supply of PEPE coins is 420,690,000,000,000, and the current circulation is approximately 391,790,000,000,000 (approximately 93% of the total). The team sent tokens to the liquidity pool to support transactions and destroyed liquidity provider tokens (LP tokens), showing its commitment to project transparency and fairness.
It is worth mentioning that the developers of PEPE have given up ownership of the smart contract, which means they no longer have any control over the cryptocurrency, including the ability to modify the code. This practice is becoming increasingly popular among cryptocurrency projects to prevent human manipulation and other fraudulent activities. However, traders still need to be cautious because there are still certain risks in participating in such projects.
The remaining tokens are held by the creators of the PEPE cryptocurrency project in a multi-signature crypto wallet for future development and listing plans. This strategy not only ensures the long-term development momentum of the project, but also provides investors with a certain degree of confidence.
Can PEPE replicate SHIB's thousand-fold success in this round?
Despite market challenges, Pepecoin (PEPE) has remained resilient in the crypto world. Impressively, PEPE’s value has surged by 185% in March 2024 compared to previous months, with an increase of over 500% in the past month. Last year, the figure also grew to an impressive 13,500%, indicating a positive long-term growth trajectory.
Although PEPE experienced a minor setback in the past week, it will soon stabilize and enter April in a consolidation state. Pepe's resilience and upward momentum provide a glimmer of hope, ensuring that the token has the potential to bring good returns in volatile markets. With its community-centric approach and NFT integration, Pepe coin has cemented itself as a powerful meme coin in the cryptocurrency space. As analysts are bullish on PEPE, its price will rise significantly this year.
If PEPE is the leading meme coin in this bull market, then it is very likely to rise to a market value of more than 100 billion, which is a 100-fold increase.
Will PEPE be the leading meme coin in this bull market? So far, PEPE is indeed the best choice. It is precisely because of this logic that many people are rushing to grab PEPE regardless of the cost.
But will there be a new leader to replace PEPE in the future? I think it is still possible. The outbreak of meme coins is highly random, so we must always pay attention to market trends and not miss any meme coin that may become the leader.
Summarize
PEPE coin has captured the attention of crypto enthusiasts with its strange origins and ambitious goals. Despite the "burning" of 6.9 trillion tokens, the maximum supply remains unchanged at 420.69 trillion, leaving many scratching their heads. PEPE is currently priced at 0.00000736, with a target raised to 0.00001500, which has investors excited. Whether it is a lost coin lost in the crypto swamp or waiting for the big reveal, PEPE's journey has left everyone hungry for more. Get ready to embark on a financial amphibious journey.
