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Forecasting the Future Value of Pepe as Its Price Soars 30% to a Record High—Is a 100x Increase Possible?
Investors are wondering whether the meme currency Pepe (PEPE) may potentially achieve 100x gains as its price continues to surge to new record highs, having increased by 30% in the previous week.
With a market worth of over $5.7 billion, Pepe was last trading at approximately $0.00001350.
With a 100x rise, Pepe's market valuation would reach $570 billion.
The vast majority of cryptocurrency analysts believe that Pepe has no possibility of reaching this level, at least in the near future.
Ethereum, the most popular blockchain that supports smart contracts, uses the cryptocurrency Ether (ETH), which has a market valuation of just $450 billion.
Pepe Price Forecast: How Much Higher Could It Climb?
Given Pepe's current high market value, striving for 100x gains is perhaps too optimistic, but the prognosis is still bright.
As speculation of an Ethereum ETF from the SEC increases, buyers of the meme currency launched by Ethereum have been active.
It seems like these traders are putting their money on Pepe becoming one of the main winners from the rapid expansion of the Ethereum ecosystem.
Even now, Dogecoin has a fourfold larger market valuation than Pepe. Additionally, Dogecoin's bull market value might increase by a factor of two or three.
This indicates that it has the potential to generate profits of 10x from here, provided that Pepe catches up.
This would indicate that the Pepe price may potentially reach $0.00010 by erasing another zero.
